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Latin America Brazil

  • SAO PAULO, April 20- Two executives at Brazilian poultry firm BRF SA were among 60 people charged on Thursday with taking part in a scheme to bribe health officials, in a scandal that briefly closed global markets to Brazilian meat, according to a statement from prosecutors. Federal prosecutors in the state of Parana said they accused BRF director Andre Luiz...

  • up@ MEXICO CITY, April 20- Mexico's peso gained on Thursday after the country's central bank chief hinted at further interest rate hikes and the country's finance minister said he saw room for further gains in the currency. The peso added more than 0.3 percent after Mexican Central Bank chief Agustin Carstens hinted that the bank's cycle of monetary tightening...

  • Those findings come as the semi-annual gathering of finance officials from the International Monetary Fund, the World Bank and the Group of 20 major economies kicks off in Washington, where the case against protectionist trade policies is expected to be a major theme. "For the first time in five years, all the major economies seem to be growing in sync," noted Ajay...

  • After two years of investigations within the 'weak flesh' operation, Brazilian Federal police in March 2017 dismantled a vast network of adulterated food in involving major meat producers that bribed health inspectors to certify tainted food as fit for consumption and exportation. Brazilian meat is exported to more than 150 countries.

    Brazil is attracting strong foreign direct investment after a scandal involving its meat industry, the country's finance minister said.

  • Henrique Meirelles, Finance Minister of Brazil, discusses the impact of a Trump presidency, a slowing China and his country's beef scandal.

  • SAO PAULO, April 19- The Brazilian government will offer up to 500 million reais in subsidies to help corn producers sell their large crop in the 2016/ 17 cycle, according to the Wednesday edition of the federal register. Separately, Brazil's agricultural statistics and crop supply agency Conab said it would acquire up to 1 million tonnes of corn grown in the state...

  • BRASILIA, April 19- The Brazilian government on Wednesday agreed to lower the minimum retirement age for police officers in a pension reform, a day after members of their unions stormed Congress to protest the controversial bill aimed reining in soaring public debt. Congressman Arthur Maia, a government ally sponsoring the bill, reduced the minimum...

  • SAO PAULO, April 19- Brazil's federal police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. Politically appointed management long held sway of Caixa, which was a key policy tool when...

  • SAO PAULO, April 19- Brazil's federal police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. Politically appointed management long held sway of Caixa, which was a key policy tool when...

  • SAO PAULO, April 19- Brazil's federal police said they had conducted raids on Wednesday as part of an investigation into the purchase of Banco Panamericano SA shares by Caixa Participações SA, parent company of national savings bank Caixa Econômica Federal. Caixa Econômica Federal said in a statement it is cooperating with the investigation, which is the...

  • BRASILIA, April 19- The Brazilian government on Wednesday agreed to lower the minimum retirement age for police officers in its pension reform proposal, a day after members of their unions stormed Congress to protest the controversial bill. In the reform draft, congressman Arthur Maia, a government ally in charge of making changes to the original proposal,...

  • BRASILIA, April 19- Brazilian lawmakers have agreed to set for May 2 the initial vote at a special lower house commission on the government's controversial pension reform, the head of the commission Carlos Marun said on Wednesday.

  • SAO PAULO, April 19- Brazil's federal police said they had conducted raids on Wednesday as part of an investigation into the purchase of Banco Panamericano SA shares by Caixa Participações SA, parent company of national savings bank Caixa Econômica Federal. Caixa Econômica Federal said in a statement it is cooperating with the investigation, which is the...

  • SAO PAULO, April 19- Brazil's federal police said they had conducted raids on Wednesday as part of an investigation into the purchase of Banco Panamericano SA shares by Caixa Participações SA, parent company of national savings bank Caixa Econômica Federal. Police said 30 of the search warrants were carried out in São Paulo, six in Rio de Janeiro and six in...

  • SAO PAULO, April 19- Brazil's federal police said they had launched raids on Wednesday as part of an investigation into the purchase of Banco Panamericano SA shares by Caixa Participações SA, parent company of national savings bank Caixa Econômica Federal. Police said 30 of the search warrants were carried out in São Paulo, six in Rio de Janeiro and six in the...

  • LONDON, April 19- Copper rebounded on Wednesday from a 14- week low as investors judged that a sell-off in industrial metals sparked by political uncertainties ranging from North Korea to a snap UK general election had been overdone. *LME COPPER: Three-month copper on the London Metal Exchange was up 1.1 percent at $5,635 a tonne at 1059 GMT.

  • MELBOURNE, April 19- London copper climbed away from its weakest since January as the dollar dropped on Wednesday, but concerns China's base metals demand could temper in the coming quarter as Beijing acts on runaway property prices capped gains. *SHFE: Shanghai Futures Exchange copper cut losses to 1 percent at 45,840 yuan a tonne, after dipping as low as 45,110...

  • BRASILIA, April 18- Brazil's lower house of Congress on Tuesday approved the main text of a bill granting debt relief to cash-strapped states that adopt belt-tightening measures, in a victory for President Michel Temer's austerity program. Late last year, the lower house surprised Temer by scrapping those austerity requirements, forcing him to reintroduce...

  • MELBOURNE, April 19- London copper hovered close to its weakest since January on Wednesday, on concerns China's base metals demand could temper in the coming quarter following a wobble in steel. *Shanghai zinc declined 3.8 percent, following similar losses in London overnight, while Shfe nickel fell 3 percent, having tracked a steep slide on the LME in the...

  • EUSTATIUS/ HOUSTON, April 18- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million- money the crisis-stricken nation desperately needs. Despite a longstanding alliance between Venezuela and Russia, Sovcomflot sued PDVSA in St. Maarten, a Dutch island on the...