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  • RIO DE JANEIRO— Brazil's central bank says it has solid foundations to face the United Kingdom's decision to leave the European Union, with enough foreign reserves to handle possible cash outflows. Brazil's economy is expected to dip 3 percent this year after a fall of almost 4 percent in 2015.. Brazil's interim government's aimed at a deal with the EU to reverse...

  • CURITIBA, Brazil, June 23- For weeks, his possible earth-shattering testimony in Brazil's biggest corruption scandal has been the talk of the nation, filling endless pages in newspapers and magazines. Breathless reports stated that Marcelo Odebrecht, the former chief executive of Latin America's largest construction firm, was on the cusp of turning state's...

  • SAO PAULO, June 23- Brazil's biggest bankruptcy filing ever is sending shockwaves far beyond the recession-hit country's borders as operator Oi SA seeks creditor protection from global telecoms suppliers and export banks around the world. The biggest Brazilian fixed-line carrier also owes about $1 billion to foreign development banks in China, Finland,...

  • CURITIBA, Brazil, June 23- For weeks, his possible earth-shattering testimony in Brazil's biggest corruption scandal has been the talk of the nation, filling endless pages in newspapers and magazines. Breathless reports stated that Marcelo Odebrecht, the former chief executive of Latin America's largest construction firm, was on the cusp of turning state's...

  • SAO PAULO, June 23- Latin American stocks and currencies extended their rally on Thursday as traders doubled down on bets that Britons will vote to stay in the European Union. Brazil's benchmark Bovespa stock index rose 2.2 percent, its biggest daily increase since June 8. Shares of Usinas Siderúrgicas de Minas Gerais SA advanced 3.8 percent after state...

  • SAO PAULO, June 22- Brazil has tapped the leader of one of the country's largest private electricity companies to run Centrais Eletricas Brasileiras SA and is preparing a capital injection of 3.5 billion reais in the state-run power company, the government said on Wednesday. The announcement was made by Deputy Energy Minister Paulo Pedrosa at a presentation...

  • Jaguar from Olympic ceremony shot in Brazil

    Juma the jaguar was shot to death after it escaped its leash and tried to attack a soldier following a torch ceremony.

  • SAO PAULO, June 21- Poor crop weather across Brazil will keep food prices high, adding to overall inflation despite a sharp slowdown in mid-June, economists predicted on Tuesday. Brazil's crop supply agency Conab has lowered its output forecast for corn and soy, which are in heavy demand to feed livestock. Everything is related to the negative weather, "said Elson...

  • SAO PAULO, June 21- The bankruptcy filing by Brazilian telecommunications company Oi SA, the country's biggest ever, will test the effectiveness of Brazil's cumbersome bankruptcy process. Brazil's bankruptcy protection law was updated in 2005 in an effort to reduce litigation, keep companies operating and speed up proceedings that averaged 15 years, but the...

  • SAO PAULO, June 21- Shares of Oi SA tumbled on Tuesday after the mobile phone carrier filed for Brazil's biggest-ever bankruptcy, triggering a legal process likely to drag investors, lenders and service providers through months of uncertainty. The petition in a Rio de Janeiro court from Oi, Brazil's fourth-biggest mobile provider, and six subsidiaries came...

  • Paralympic sailor robbed at gunpoint in Rio de Janeiro

    Australian athlete Liesl Tesch was robbed at gunpoint while taking a bike ride with her physiotherapist.

  • SAO PAULO, June 21- Brazil's worst credit crunch in two decades is forcing the nation's debt-laden grain producers, sugar mills and coffee farmers to curb investment, making one of the world's top farm exporters miss out on a recovery in global commodity prices. "We've not seen credit contract like this in recent history," said Alexandre Figliolino, who advises...

  • MANILA/ DAVAO, Philippines, June 21- The Philippines' tough-talking president-elect has vowed to wipe out crime- and now he plans to tame the grinding traffic gridlock of Manila through the imposition of emergency powers. A survey by the GPS-based navigation app Waze last year found that Manila had the worst traffic on Earth, with Rio de Janeiro, Sao Paulo and...

  • Brazil's Oi files for bankruptcy protection

    The country's largest fixed-line phone carrier failed to win support for a plan to convert $19.3-billion of debt.

  • SAO PAULO, June 21- Brazil's worst credit crunch in two decades is forcing the nation's debt-laden grain producers, sugar mills and coffee farmers to curb investment, making one of the world's top farm exporters miss out on a recovery in global commodity prices. "We've not seen credit contract like this in recent history," said Alexandre Figliolino, who advises...

  • SAO PAULO, June 20- Oi SA filed for Brazil's largest ever bankruptcy protection on Monday after the country's No. 1 fixed-line phone carrier ran out of time to reorganize operations and restructure 65.4 billion reais of debt amid a harsh recession. The petition for bankruptcy protection from Oi, Brazil's fourth-biggest mobile provider, and six subsidiaries...

  • Oi SA signage is displayed outside of a retail store in Rio de Janeiro, Brazil, on Wednesday, Oct. 2, 2013.

    Oi and six subsidiaries filed for bankruptcy protection after failed to shareholder support for a $19.3B debt restructuring.

  • BRASILIA, June 20- Brazil on Monday offered its state governments 50 billion reais of emergency debt relief over the next three years in an effort to shore up public services amid the worst recession since the 1930 s. Finance Minister Henrique Meirelles announced, after a meeting among state governors and interim President Michel Temer, that states would...

  • SAO PAULO, June 20- Oi SA, Brazil's largest fixed-line phone carrier, plans to maintain its operations, management and workforce at normal levels once a bankruptcy court approves a plan to seek creditor protection.

  • SAO PAULO, June 20- Oi SA, Brazil's largest fixed-line phone carrier, and six subsidiaries filed for bankruptcy protection on Monday after OI failed to win the support of key shareholders for a plan to restructure 65.4 billion reais of debt. The petition is Brazil's largest ever, according to Thomson Reuters data. Concern over a looming bankruptcy plan gained...