×

Latin America Brazil

  • April 30- Eike Batista, the mining and oil magnate who was once Brazil's richest man, left prison Sunday for house arrest ahead of a trial on corruption charges. Brazilian Supreme Court justice Gilmar Mendes on Friday ordered Batista's release from jail, saying that the crimes the one-time tycoon faces did not involve violence or threats to others.

  • SAO PAULO/ BRASILIA, April 28- Brazilian protesters torched buses, clashed with police in several cities and marched on President Michel Temer's Sao Paulo residence on Friday amid the nation's first general strike in more than two decades. "It is important for us to send a message to the government that the country is watching what they are doing, taking away...

  • BRASILIA, April 28- Brazilian Supreme Court justice Gilmar Mendes ordered the release from jail of former mining and oil magnate Eike Batista, once the country's richest man, ahead of his trial on corruption charges, the court said on Friday. He is expected to stand trial along with an ex- Rio de Janeiro governor who allegedly took millions in bribes from the former...

  • MONTREAL/ NEW YORK April 28- Canada's Bombardier Inc hit back on Friday at rival U.S. planemaker Boeing Co's claim that it sold jets well below cost to win market share in the United States, the latest sign of increasing trade tensions between the two countries. The spat comes days after Washington imposed duties averaging 20 percent on imports of Canadian...

  • SAO PAULO/ BRASILIA, April 28- Brazilian unions on Friday led the nation's first general strike in over two decades to protest President Michel Temer's austerity measures, hitting public transport and closing schools, factories, banks and other businesses in every state. Even so, analysts and government officials said the strike would have little impact on...

  • SAO PAULO/ BRASILIA, April 28- Nationwide strikes led by Brazilian unions to protest President Michel Temer's austerity measures hobbled public transport in several major cities and closed schools, car factories, banks and other businesses across the country. But the government argues economic reforms are needed to pull Brazil out of its worst recession on...

  • MONTREAL/ NEW YORK April 28- Bombardier Inc shares fell as much as 5.45 percent on Friday after Boeing Co sought a U.S. anti-dumping probe against the company, adding to growing trade tensions between the United States and Canada. Boeing's actions came days after the Commerce Department imposed duties averaging 20 percent on imports of Canadian softwood...

  • The strike was to protest major changes to labor law and the pension system being considered by Congress, but it was also a raw display of anger by many Brazilians fed up with corruption and worried about the future amid a deep recession and rising unemployment. In Sao Paulo, thousands marched toward the home of President Michel Temer, throwing rocks at police who...

  • SAO PAULO— Seven Latin American countries are asking Brazil to share information on the dozens of plea bargains made by executives of Brazilian construction company Odebrecht, and many more could follow soon, a Brazilian prosecutor said Thursday. Vladimir Aras, the head of international cooperation at the attorney general's office, told The Associated...

  • BRASILIA, April 26- Estácio Participações SA, Brazil's No. 2 for-profit education company, on Wednesday missed profit estimates in the first quarter after higher interest and financial expenses, including depreciation, partially offset stronger operational results. Rio de Janeiro- based Estácio, which is being acquired by larger rival Kroton...

  • BRASILIA, April 26- Brazil could decide to join the Organisation for Economic Co-operation and Development as soon as next month, officials told Reuters, as President Michel Temer seeks its seal of approval for reforms to Latin America's largest economy. If approved by the OECD Council, Brazil would become the biggest emerging market member of the group and the...

  • MEXICO CITY, April 26- Mexico's peso sank to a more than one-month low on Wednesday on news the administration of U.S. A senior Trump administration official said on Wednesday a draft executive order that would withdraw the United States from NAFTA, that also includes Mexico and Canada, was under consideration, confirming an earlier report from Politico.

  • SAO PAULO _ Fibria Celulose SA on Wednesday reported first-quarter earnings of $105.3 million. Fibria Celulose shares have decreased nearly 5 percent since the beginning of the year. Keywords: Fibria Celulose, Earnings Report.

  • SAO PAULO, April 25- Global sugar production should jump by 13 million tonnes in the 2017/ 18 crop year as the European Union, India and Thailand increase their outputs, independent consultancy F.O. Licht forecast on Tuesday. World sugar output is expected to reach 190.3 million tonnes compared to 176.9 million tonnes in 2016/ 17, causing the global sugar market...

  • SAO PAULO, April 25- The European Union and South American trade bloc Mercosur should intensify talks to reach a trade agreement this year, Spanish Prime Minister Mariano Rajoy said on Tuesday, urging haste after 18 years of negotiations. Brazilian Foreign Minister Aloysio Nunes said on Tuesday that Mercosur must focus on lowering its internal trade barriers...

  • SAO PAULO, April 25- The Brazilian government is evaluating setting biofuel mandates to fuel distributors with the aim of increasing consumption of renewable fuels and cutting carbon emissions, the countrys biofuels director Miguel de Oliveira said on Tuesday. Hydrous ethanol competes with gasoline as the choice of flexible-fuel vehicle owners in Brazil,...

  • Rising global interest rates will diminish the attractiveness of bonds, but emerging market debt can still be a strong play, a Morgan Stanley executive told CNBC.

  • SINGAPORE, April 25- Chicago soybeans lost ground on Tuesday with the market falling from last session's three-week high as rapid U.S. planting weighed on the market. The Chicago Board Of Trade most-active soybean contract fell 0.4 percent to $9.68 a bushel by 0336 GMT. "The crop report released by the U.S. Department of Agriculture showed corn and soybean...

  • SAO PAULO— Grinning in front of the camera, the former CEO of the huge Brazilian builder at the center of the world's biggest corruption scandal spoke frankly about the billions in bribes and illegal financing that the Odebrecht company put into the pockets and campaign coffers of politicians and public officials. "All of this is institutionalized," Emilio...

  • 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...