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  • ADDIS ABABA, Aug 20- Ethiopian Airlines is powering ahead with a plan to expand its fleet and route network after exceeding its profit target for the 2014/ 15 year, its chief executive said in an interview. Ethiopian Airlines flew six million passengers in the prior year, up from 5.22 million in 2012/ 13.. Ethiopian Airlines plans to increase revenue to $10 billion by...

  • DIARY- Emerging Markets Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:02 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. SEOUL, South Korea- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before the "Macroeconomic Policy and Price Measurement Issues in a Low Inflation...

  • SAO PAULO, Aug 19- Brazil's state-run oil firm Petroleo Brasileiro SA said in a securities filing on Wednesday it was not in negotiation to pay a fine to settle criminal and civil investigations in the United States. The law firms report to Ellen Gracie Northfleet, former chief justice of Brazil's Supreme Court and Andreas Pohlmann. Gibson, Dunn& Crutcher LLP said...

  • SAO PAULO, Aug 19- Banco do Brasil SA on Wednesday raised its limits on loan exposure to the nation's largest firms, a sign that President Dilma Rousseff is again using state-controlled lenders to help stem the fallout from a deep recession. Banco do Brasil shares fell almost 5 percent in São Paulo, their biggest drop in a month, amid investor concerns that the...

  • SAO PAULO, Aug 18- Brazil's OAS Investimentos SA, whose parent company is under creditor protection, has so far received five proposals for a stake in infrastructure company Invepar, with bidders also looking to buy its environment services and oil drilling units, executives said on Tuesday. In June, Reuters reported that Canadian asset manager Brookfield...

  • Warning signs: Venezuela, Brazil & Russia Tuesday, 18 Aug 2015 | 2:05 PM ET
    Warning signs: Venezuela, Brazil & Russia

    Discussing global growth problems for Venezuela, Brazil and Russia, with Kathryn Rooney Vera, Bulltick Capital Markets, and Tim Seymour, Triogem Asset Management.

  • RIO DE JANEIRO/ NEW YORK, Aug 18- Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties...

  • SAO PAULO, August 17- A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress. Cervero and two other defendants are accused of organizing bribes from...

  • How China's yuan move hurts emerging markets Monday, 17 Aug 2015 | 1:52 PM ET
    A vendor holds Chinese Yuan notes at a market in Beijing.

    China's move to devalue the yuan will impact emerging markets in several ways and investors should beware, says UBS's Jorge Mariscal.

  • Can Brazil dig out of crisis before Olympics? Monday, 17 Aug 2015 | 11:06 AM ET
    Anti-government protesters rally in São Paulo, Brazil on August, 16, 2015.

    Despite protests and calls to impeach its president, Brazil is down but not out as it heads to the 2016 Olympics, says Juliana Barbassa.

  • Aug 17- An investor in state-controlled Centrais Elétricas Brasileiras SA has filed a lawsuit that accuses Brazil's largest power holding company and three of its executives of involvement in a graft scandal that artificially inflated stock prices, according to a court document. In the document, the City of Providence alleged that Eletrobras got ensnared...

  • BRASILIA/ SAO PAULO, Aug 17- The Brazilian real is trading at or near fair value after losing one quarter of its worth since Jan. 1, economists said, suggesting a possible respite for one of the year's most battered currencies. But even Brazil's political crisis, one of the main drags on the currency this year, does not look as bad as it did a couple of weeks ago.

  • NEW YORK/ BEIJING, Aug 17- Recent news from China makes depressing reading for commodities producers, with a slowing economy, tumbling stock prices and a currency devaluation all signaling weaker demand. China's a place where everyone looks and says,' what if, "' said Jordan Fife, a merchant with BioUrja Trading LLC in Houston. State-run grain trader China National...

  • SAO PAULO, Aug 16- Hundreds of thousands of demonstrators returned to the streets in dozens of Brazilian cities on Sunday to call for the impeachment of President Dilma Rousseff, blaming her for a vast corruption scandal and the economy's worst slump in a quarter century. About 135,000 people swarmed Sao Paulo's financial district, according to pollster...

  • SAO PAULO, Aug 14- State-run oil company Petroleo Brasileiro SA said it will take a 2 billion reais charge against third-quarter earnings to pay a disputed tax bill with Brazil's federal government, its second unexpected tax charge in a month. The charge is related to 6 billion reais of disputed tax assessments over eight years between 1999 and 2012, Petrobras,...

  • SAO PAULO, Aug 14- Brazilian meatpacker JBS SA expects fresh beef exports to the United States to begin no earlier than 2016, later than the Brazilian government predicted, Chief Executive Officer Wesley Batista said on Friday. A green light for fresh beef shipments to the United States could help Brazil gain access to other key markets, such as Japan and South...

  • Why did China weaken the yuan? Our charts explain Wednesday, 12 Aug 2015 | 4:04 PM ET
    A woman trades money at a currency exchange at Haneda Airport in Tokyo, Aug. 12, 2015.

    The U.S. dollar is up 20 percent over the last year. That's not good for Chinese exporters.

  • Moody's cuts Brazil rating to near-junk status Wednesday, 12 Aug 2015 | 3:05 AM ET
    A woman walks in a shopping district in Rio de Janeiro.

    Moody's cut Brazil's credit rating to near-junk status on Tuesday but said the country's coveted investment grade status is safe for now, proving some relief to President Dilma Rousseff.

  • SAO PAULO, Aug 11- Moody's Investors Service cut Brazil's credit rating to near-junk status on Tuesday but said the country's coveted investment grade status is safe for now, proving some relief to investors and the government of President Dilma Rousseff. Moody's decision comes two weeks after competing ratings firm Standard& Poor's warned Brazil could lose...

  • Brazil's VP holding fort for unpopular Rousseff Tuesday, 11 Aug 2015 | 1:14 PM ET

    BRASILIA, Aug 11- Vice President Michel Temer is increasingly seen as the man who could lead Brazil out of political crisis if President Dilma Rousseff is forced from office, but people who know him say he will do all he can to see her serve out her term. They doubt, though, that he can do much to save her if the current pro-impeachment drumbeat results in a trial in...