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Braskem Q1 2026 Operational Data Weak but Citi Sees Spread Recovery Ahead

Braskem (B3: BRKM5), Latin America’s largest petrochemical company, released its Q1 2026 operational report on Tuesday May 5, showing Brazilian resin sales of 782,000 tonnes (down 3 percent year-on-year) and chemical sales of 622,000 tonnes (down 2 percent), with domestic ethylene utilisation falling to 69 percent from 74 percent a year ago, according to the […]

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Ninth Failed Power Tender Pushes Ecuador Toward October Blackout Risk

Ecuador’s electricity deficit problem worsened on Monday, May 4, 2026 when the Corporación Eléctrica del Ecuador (Celec) declared its 77 million dollar tender for a 50 MW diesel-generator lease at Pascuales failed because all four bidders were disqualified for missing minimum requirements or contract deadlines. The collapse marks the second power-contract failure in less than […]

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Paraguay Pays $150M to Construction Sector to Clear State Debt Backlog

Paraguay construction debt is being cleared on schedule, the Ministry of Public Works (MOPC) confirmed on Tuesday, May 5, 2026, after the government released 106 million dollars to road and infrastructure contractors in April against an original target of about 60 million dollars. The Santiago Peña administration committed in mid-April to disburse a total of […]

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Prio Posts $460M Q1 Profit as Wahoo First Oil Drives Record 155K Barrel Output

Prio S.A. (B3: PRIO3), Brazil’s largest independent oil producer, reported Q1 2026 net income of US$460 million on Tuesday May 5, up 33 percent year-on-year from US$345 million, with adjusted EBITDA surging 91 percent to US$852 million on record production of 155,400 barrels per day, according to the company’s earnings release filed with CVM and […]

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