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Latin America Brazil

  • CHICAGO/ BRASILIA, June 23- Brazil scrambled to shore up its beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failure of inspections in the world's largest beef exporter. He said USDA approval for Brazil's fresh beef, which was only granted last year, was...

  • CHICAGO/ BRASILIA, June 23- Brazilian officials scrambled to shore up their beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failures in the inspection program of the world's largest beef exporter. While fresh beef shipments to the United States represent...

  • SAO PAULO, June 23- Brazil's state-controlled oil company Petrobras said on Friday it has resumed negotiations with Sete Brasil Participações SA over vessel contracts.

  • SAO PAULO, June 23- Brazil's agriculture minister prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world's largest beef exporter. The U.S. Department of Agriculture's ban dealt a setback to Brazil's recently opened fresh beef...

  • SAO PAULO, June 23- Brazil's agriculture minister prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world's largest beef exporter. The U.S. Department of Agriculture's ban dealt a setback to Brazil's recently opened fresh beef...

  • SAO PAULO— Brazil's agriculture minister plans to travel to the United States to try to reverse the American ban of beef imports from Latin America's biggest country. The U.S. statement said suspension will remain in place until Brazil takes corrective action. Maggi said Brazil will fight for the U.S. market and that he plans to head a mission to the United States...

  • SAO PAULO, June 23- Brazil's Agriculture Minister Blairo Maggi prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns over the image of the world's largest exporter. But it was a setback for Brazil's recently opened fresh beef trade with the United States and...

  • A butcher works at a public market on March 20, 2017 in Sao Paulo, Brazil.

    The U.S. has banned all imports of fresh beef from Brazil, citing food safety concerns.

  • The USDA had "recurring concerns about the safety of the products intended for the American market," after increasing tests on Brazilian beef in March, according to a statement. The USDA's action threatens the reputation of meat from Brazil, the world's top exporter of beef and poultry, even though the United States is not a top customer. "Product was already on the...

  • RIO DE JANEIRO— In a major blow to Brazil, the United States on Thursday announced the immediate suspension of all imports of beef products from Latin America's largest nation because of safety concerns. Agriculture Secretary Sonny Perdue came three months after a major scandal into allegations of bribed meat inspectors shook Brazil's meat industry and...

  • The USDA had "recurring concerns about the safety of the products intended for the American market," after increasing tests on Brazilian beef in March, according to a statement. The USDA's action threatens the reputation of meat from Brazil, the world's top exporter of beef and poultry, even though the United States is not a top customer. "Product was already on the...

  • SAO PAULO, June 22- Petróleo Brasileiro SA is reviving an initial public offering of fuel distribution unit BR Distribuidora to cut the Brazilian state-controlled oil company's debt and investment in low-return activities, Chief Executive Officer Pedro Parente said on Thursday. Pedro Parente said at an event in São Paulo that a proposal would be...

  • BRASILIA, June 22- Brazil's Supreme Court ruled on Thursday it has the right to reject plea bargains made in corruption probes, potentially undercutting investigations that have threatened President Michel Temer's government, prosecutors said. "The full court cannot change the terms of a plea bargain if all its terms were met," said Justice Luiz Fux.

  • SAO PAULO, June 22- Forecasts of dry weather in Brazil for at least the coming week are expected to allow farmers to speed up their harvesting of coffee, cane, winter corn and other crops after a slow start due to seasonally unusual rains in the nation's center-south region. Marco Antonio dos Santos, an agricultural meteorologist working with Rural Clima in...

  • Containers are stacked at a port on March 1, 2016 in Lianyungang, Jiangsu Province of China

    Commerce secretary Wilbur Ross believes China is "the most highly protectionist of the big countries," but data suggests otherwise.

  • BUENOS AIRES/ NEW YORK, June 21- The surprise decision by benchmark investment index provider MSCI to not promote Argentina to its emerging markets stock index could delay much-needed investment in the country, showing that President Mauricio Macri's reform agenda is still far from complete, investors said on Wednesday. "The real damage that the MSCI's...

  • RIO DE JANEIRO— Sao Paulo Mayor Joao Doria says Brazil's biggest city will slash public funding for the annual Carnival celebrations, following a similar step by Rio de Janeiro. "Faced with the budgetary rift we inherited, it is fundamental to reorganize our finances and invest in prioritary areas with fiscal responsibility," Doria said Wednesday on his...

  • BUENOS AIRES/ NEW YORK, June 21- Argentine stocks tumbled and the countrys peso currency fell to a record low on Wednesday, a day after index provider MSCI surprised investors by not promoting the country to its emerging markets index. Argentina's benchmark Merval stock index slumped 5 percent, while the peso currency dropped as much as 2 percent to 16.47 per...

  • Brazilian President Michel Temer

    Investigators said in a preliminary report published Tuesday by Brazil's top court that Temer deserves to be investigated for passive corruption.

  • SAO PAULO, June 20- Global coffee retailer Jacobs Douwe Egberts BV said on Tuesday it is eyeing new acquisitions in Brazil, where it is seeking double-digit growth as it chases Nestle in the international coffee retail business. The company has since acquired some of the best-known brands in Brazil, such as Café do Ponto, Pilão and Café Pelé.