BUSINESSTHE RIO TIMES
Brazil Court Suspends $100 Billion Power Auction Before Sign-Off
A federal judge in Brazil suspended a $102 billion power auction one day before final sign-off. Industry groups claimed price caps were raised just days before bidding, leading to inflated costs.
Mentioned
Related Signal
Adjacent reporting
- Oil jumps above $100 after US-Iran talks end without a deal
- South Africa: Court Scraps R7bn KwaZulu-Natal Tender - South African News Briefs - June 9, 2026
- The Latest: Federal judge strikes down Trump’s $100,000 fee on new H-1B visas
- Trump news at a glance: federal judge pumps the brakes on Trump’s $1.8bn ‘anti-weaponization’ fund
- US judge temporarily blocks Trump’s $1.8B ‘weaponization’ fund
- Judge Reopens Trump’s Lawsuit Demanding $10 Billion From IRS