Hong Kong's MTR Corp and Brazil's BNDES both posted sharply higher first-half profits, driven by property gains at the rail operator and a lending surge at the development bank.
MTR net profit more than doubled to HK$15.87 billion (US$2 billion) from HK$7.70 billion a year earlier. Property-development profit jumped 120.7% to HK$12.23 billion, offsetting largely flat rail and commercial operations. The gain was driven mainly by projects at Tai Wai Station and The Southside.
BNDES, Brazil's national development bank, reported first-half 2026 recurring profit of R$9.2 billion (US$1.7 billion), up 25.5% year on year. Disbursements grew 37% to R$74.8 billion as the bank increased lending to infrastructure, industry and farming.