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Petrobras Q1 Profit R$32.7B Beats Estimates, R$9B Payout Set

Petrobras (B3: PETR4 / NYSE: PBR), Brazil’s state-controlled integrated oil major, reported Q1 2026 net income of R$32.7 billion (US$6.47 billion at R$5.05), falling 7.2 percent year-on-year but jumping 109.9 percent from a depressed Q4 2025 result. The profit beat the Bloomberg consensus of R$30.68 billion by 6.5 percent, according to the company’s filing released […]

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USA & Canada Intelligence Brief for Monday, May 11, 2026

The Rio Times — USA & Canada Pulse Issue Nº 22 · ~3,800 words · 14 minute read Today’s USA & Canada intelligence brief opens with the S&P 500 topping 7,300 for the first time ever Friday and capping a six-week winning streak — the Roundhill Memory ETF (DRAM) soared nearly 30 percent in the […]

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Europe Intelligence Brief for Monday, May 11, 2026

The Rio Times — Europe Pulse Issue Nº 19 · ~3,800 words · 14 minute read Today’s Europe intelligence brief opens with British Prime Minister Keir Starmer continuing to reject calls for his resignation four days after Reform UK swept hundreds of council seats in last week’s local elections — Nigel Farage declared in a […]

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Milei Moves to Privatize Argentina’s Mint as Cash Halves

Key Points —Banknotes in circulation fell to 5,902.3 million units in May 2026, the lowest since June 2020 and a 50.2% drop from the July 2024 peak of 11,859.2 million. —Economy Minister Luis Caputo listed Casa de Moneda among 2026 privatization targets expected to raise approximately US$2 billion, alongside AySA, Transener and four energy assets. […]

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Asia Intelligence Brief for Monday, May 11, 2026

The Rio Times — Asia Pulse Issue Nº 19 · ~3,800 words · 14 minute read President Donald Trump rejected Iran’s counterproposal to end the 10-week Middle East war as “TOTALLY UNACCEPTABLE” in a Truth Social post late Sunday, sending Brent crude up 3.42 percent to $104.71 and WTI 3.67 percent to $99.09 in early […]

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Guyana’s Race to Build an Economy That Outlasts Oil

Key Points Guyana’s GDP expanded 43.4% in 2024 and 19.3% in 2025, with the non-oil economy growing 14.3% and projected to add 7.6% in 2026 against oil and gas at 17.9% The 2026 budget of GY$1.558 trillion (US$7.48 billion) is the largest ever, with US$941 million for transport and the US$2 billion Wales Gas-to-Energy project […]

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Paraguay and Taiwan Strike 50/50 Deal on A.I. Megahub

Key Points —Presidents Santiago Peña and William Lai announced on May 10 a 50/50 joint project to build what Peña called one of the world’s largest artificial intelligence hubs, pairing Taiwanese semiconductor capacity with Paraguay’s renewable energy base —The agreement is part of 7 instruments signed during Peña’s May 7-10 state visit, including a Memorandum […]

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Machado Was Never in the U.S.-Qatar Plan, Source Tells CNN

Key Points —A Qatari source told CNN on May 10 that neither US nor Venezuelan officials discussed María Corina Machado as part of any post-Maduro transition plan during the months of Doha-mediated talks before the January 3 raid —Delcy Rodríguez made several visits to Qatar in 2024 and met Prime Minister and Foreign Minister Sheikh […]

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BTG Pactual Q1 Profit Hits Record R$4.8B as ROAE Reaches 26.6%

Banco BTG Pactual (B3: BPAC11), Latin America’s largest investment bank, reported Q1 2026 adjusted net income of R$4.808 billion (US$952 million at R$5.05), surging 42.3 percent year-on-year to a record — the strongest quarterly profit in the bank’s history — with total revenue also hitting a record R$9.968 billion (US$1.97 billion), up 34 percent YoY, […]

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Africa Intelligence Brief for Monday, May 11, 2026

The Rio Times — Africa Pulse Issue Nº 19 · ~3,700 words · 13 minute read The inaugural Africa Forward Summit opens at the Kenyatta International Convention Centre in Nairobi today co-hosted by President William Ruto and President Emmanuel Macron — the first Africa-France summit ever held in an Anglophone country with 30 heads of […]

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Argentina Cabinet Chief Adorni Probed Over Hidden Crypto Trades

Argentine Cabinet Chief Manuel Adorni faces a deepening illicit-enrichment investigation after federal prosecutor Gerardo Pollicita confirmed on May 9 that more than 20 crypto exchanges, including Binance, Ripio, Lemon and Satoshi Tango, reported “entry-and-exit” movements in Bitcoin, Ethereum and USDT during 2024 that do not appear in his sworn asset declaration. The crypto findings come […]

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Key Market Events for the Week of May 11–15, 2026

US April CPI + PPI, Brazil IPCA, Argentina CPI, UK Q1 GDP, EZ GDP Revision, German ZEW, US Retail Sales, Colombia Q1 GDP, NY Empire State Week Overview The oil-shock inflation reckoning continues. US April CPI (Tuesday 8:30 AM, cons. +0.6% MoM / 3.7% YoY per Kiplinger, prior 0.9% / 3.3%) is the week’s global […]

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