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Latin America Brazil

  • One philosopher says to watch out for the rise of empires

    Bernard-Henri Levy says that Russia, Iran, Turkey, Islamic extremism, and the commercial power of China will rise if the U.S. continues towards isolationism.

  • SAO PAULO, March 30- Odebrecht SA, the family-controlled engineering conglomerate ensnared in Brazil's worst corruption scandal ever, is considering going public once it finalizes a thorough overhaul of corporate governance practices, a senior executive told Reuters on Thursday. Odebrecht is the largest of Brazilian building groups accused of colluding...

  • President of Russia Vladimir Putin and Chinese President Xi Jinping toast with vodka during a signing ceremony in Shanghai, China.

    "Today in Europe we see the rebirth of nationalism, but in the rest of the world it is the rebirth of empires," says Bernard-Henri Levy.

  • Stock markets everywhere have rallied so far in 2017, with Wall Street hitting record highs on hopes that the U.S. administration will usher in financial deregulation and sweeping tax cuts. Many are now arguing that markets have become too reluctant to consider several key risks, including potentially-disruptive elections in Europe and no guarantees that...

  • SAO PAULO, March 29- Gerdau SA, the largest steelmaker in the Americas, has agreed to create a long steel joint venture in Colombia with Putney Capital Management amid efforts to cut debt and boost returns. Under terms of the venture, which were unveiled in a Wednesday securities filing, Porto Alegre, Brazil- based Gerdau will sell half of its stake in a Colombian mill,...

  • BANGKOK— The former head of Thailand's tourism promotion board was sentenced on Wednesday to 50 years in prison for accepting $1.8 million in bribes from two Hollywood producers to let them organize the Bangkok International Film Festival a decade ago. A U.S. federal court in 2010 sentenced filmmakers Gerald and Patricia Green to six months in prison after...

  • BRASÍLIA, March 28- Hong Kong said on Tuesday it has lifted a ban on the import of Brazilian meat, removing one of the last blanket bans by a major importer, but strong words from an EU commissioner visiting Brazil suggests the scandal over health standards is not over yet. "A suspicion of corruption is unacceptable," Vytenis Andriukaitis, EU commissioner for health...

  • CURITIBA, Brazil, March 28- Brazil's federal police on Tuesday raided a brokerage in Rio de Janeiro which they allege helped launder money for corrupt former executives of state-run oil firm Petrobras, as part of their sprawling "Car Wash" anti-graft probe. A person who answered the phone at Advalor's Rio de Janeiro office did not respond to requests for comment.

  • SAO PAULO _ Companhia de Saneamento Basico do Estado de Sao Paulo on Monday reported fourth-quarter net income of $287.2 million. On a per-share basis, the Sao Paulo- based company said it had profit of 42 cents. For the year, the company reported profit of $849.8 million, or $1.24 per share.

  • SAO PAULO, March 27- Vale SA surprised investors with the appointment of Fabio Schvartsman as chief executive officer on Monday, choosing a commodities industry veteran to lead transformation of the world's No. 1 ore producer into a company with dispersed share ownership. Schvartsman, who has been the CEO of Klabin SA, Brazil's largest paper and cardboard...

  • RIO DE JANEIRO, March 27- Brazil ordered three more food processing plants to suspend production on Monday amid an investigation into alleged corruption in its meat industry as the world's biggest beef exporter sought to regain the trust of consumers. Brazil's center-right government is hoping countries that imposed bans on Brazilian meat products...

  • CHICAGO, March 27- A cadre of U.S. lawmakers and food safety advocates are pressuring the federal government to join other nations blocking shipments of raw beef from Brazil in the face of a scandal in that country's meatpacking sector. The United States has already started testing all beef from Brazil for pathogens. A box of meat imported from Brazil now would be...

  • NEW YORK— Don't mess with our stretch, United Airlines, or risk the wrath of leggings lovers. The social media matter of The Kids in Leggings vs. That's when one Shannon Watts said on Twitter she had witnessed a gate agent refusing to let two girls board a flight from Denver to Minneapolis because of their leggings.

  • SAO PAULO, March 27- Brazil's Agriculture Ministry said on Monday it ordered three more food processing facilities to suspend production amid an investigation into alleged corruption of inspectors and unsanitary conditions in the world's biggest meat producer. The investigation hit hard at one of the few strong sectors in Brazil's economy, which is...

  • SAO PAULO, March 27- Brazil's Agriculture Ministry said on Monday that it ordered three more food processing facilities to suspend production amid an investigation into alleged corruption of inspectors and unsanitary conditions in the world's biggest meat producer. The investigation hit hard at one of the few strong sectors in Brazil's economy, which is...

  • SAO PAULO, March 27- Online room renting service Airbnb Inc registered more than 1 million guest arrivals in Brazil last year, boosted by travel to the Olympic Games in Rio de Janeiro and a growing number of hosts looking for extra income in a deep recession. Brazil's worst downturn on record has also raised unemployment, pushing more people to seek income from...

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

    China lifted its import ban following a Brazilian investigation into health inspector corruption.

  • BRASILIA/ BEIJING, March 25- China lifted a ban on imports of meat from Brazil on Saturday after Brazilian authorities clarified details of a police investigation into alleged bribery of health inspectors, in a victory for President Michel Temer's efforts to stem damage from the probe. The move by China, the biggest national consumer of Brazilian meat, was...

  • BRASILIA/ BEIJING, March 25- China lifted its suspension on imports of Brazilian meat on Saturday following clarification of inspection irregularities uncovered in a police investigation into alleged bribery of health officials, Brazil's Agriculture Minister Blairo Maggi said. Sources in China also said that Beijing had forbidden the entry of meat...

  • SAO PAULO, March 24- Brazil's meat exports have fallen sharply since a police investigation into alleged bribery of food-sanitation inspectors in the world's top beef and poultry exporter sparked a wave of trade bans, an industry group said on Friday. Restrictions by several key importers of Brazilian meat, ranging from China to Europe, caused a 22 percent drop...