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Latin America Brazil

  • SAO PAULO— Embattled President Michel Temer exchanged furious denunciations of corruption Saturday with a leading businessman who alleges Brazil's leader was behind the bribes paid by business executives to politicians and government authorities in exchange for political favors. Meatpacking billionaire Joesley Batista, who is himself under...

  • Geneva, Switzerland.

    Switzerland's private banks are pushing for extra legal protection of client information that could halt a much-heralded exchange of data with dozens of countries.

  • SAO PAULO, June 13- Brazilian banks might be unable to lower loan-loss provisions as much as expected this year because of a potential wave of plea deals involving corporate borrowers as well as mounting political turmoil, JPMorgan Securities said on Tuesday. Analyst Natalia Corfield wrote in a client note that a still sluggish economy and weaker prospects...

  • *Statoil operates Peregrino heavy oil field off Brazil. OSLO, June 12- Norwegian oil and gas company Statoil aims to more than triple its production in Brazil and wants to become the sole operator for the entire Carcara discovery, among the world's biggest in recent years, its local country manager said. Statoil has invested more than $10 billion in Brazil, making...

  • SAO PAULO— Work longer hours. President Michel Temer finds himself in a dilemma: He needs the economic reforms to boost his credibility— and perhaps even to avoid being ousted over a flurry of corruption allegations. Congress— and action on the reforms— has all but come to a halt in recent weeks after a recording emerged in which Temer apparently endorses the...

  • OSLO, June 12- Norwegian oil and gas firm Statoil aims to more than triple its production in Brazil and will seek to become operator for the entire Carcara discovery, among the world's biggest in recent years, the firm's country manager said. Statoil has invested more than $10 billion in Brazil, making it the country's largest foreign offshore operator, and the...

  • Fixed income assets fully valued: Nomura

    Richard Hodges, head of unconstrained fixed income at Nomura Asset Management, speaks about investment strategies in developed and emerging economies.

  • Ali Shareef Al Emadi, Qatar's finance minister, speaks at the Qatar-UK Business and Investment Forum in London on ​​Monday, March 27, 2017.

    Qatar's finance minister told CNBC that other Gulf nations may suffer as a result of the region's diplomatic feud while stressing his country's resilience to any shocks.

  • BRASILIA, June 9- Brazil's top electoral court dismissed a case on Friday that threatened to unseat President Michel Temer for alleged illegal campaign funding in the 2014 election, when he was the running mate of impeached President Dilma Rousseff. "We cannot be changing the president of the Republic all the time, even if the people want to," said the court's chief...

  • SAO PAULO/ MEXICO CITY, June 9- Mexico's peso currency touched a near 10- month high on Friday and data on derivatives market bets showed investors have taken the most optimistic view on the currency in four years. The Mexican currency clawed its way back to levels last seen before Donald Trump was elected U.S. president as higher oil prices helped lift emerging...

  • SAO PAULO, June 9- Brazil's federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. In the plea testimony, the Batista brothers, Joesley and Wesley, said President Michel Temer received 15 million reais in JBS bribes,...

  • BRASILIA, June 8- After its chief judge urged his peers to consider Brazil's political stability, the country's top electoral court on Thursday excluded testimony of engineering company executives in an illegal campaign funding case against President Michel Temer. That would clearly be a temporary win for Temer, but analysts say it would still leave him...

  • firms@ June 8- Mexico's peso on Thursday hit its strongest level since the election of Donald Trump as U.S. president, while Brazil's currency firmed on bets a trial will not oust President Michel Temer. The peso advanced as far as 18.1625 per dollar, its strongest level since Nov. 9, when Trump's surprise victory drove the currency to a record low on fears he would rip...

  • BRASILIA, June 8- Brazil's top electoral court on Thursday excluded testimony of engineering company executives from an illegal campaign funding trial against President Michel Temer, a move that suggested it would throw out a case that had threatened to unseat him. The Supreme Electoral Tribunal voted 4-3 to exclude plea-bargain testimony of Odebrecht SA...

  • BRASILIA, June 8- The majority of judges on Brazil's top electoral court argued on Thursday to exclude testimony by construction executives on illegal campaign funding, suggesting they could throw out a case that has threatened to force President Michel Temer from office. Exclusion of the plea bargain testimonies from Odebrecht SA executives by the Supreme...

  • LONDON, June 2- European private equity firm Investindustrial has invited the investment vehicle of Alibaba's founder Jack Ma to submit a joint bid of more than 800 million euros for L'Oreal's The Body Shop, sources familiar with the matter said on Friday, just days before a deadline for final bids. Hong Kong- based Blue Pool Capital has been asked to team up with...

  • LONDON, June 1- History suggests that financial markets react violently when a central bank signals it is scaling back the stimulus that has kept an economy afloat- and lined the pockets of investors. That knocked nearly 7 percent off U.S. stocks, sent Treasury yields climbing more than 100 basis points, and sowed turmoil in world markets from Rio de Janeiro to...

  • BRASILIA, May 31- Brazil's central bank cut interest rates to a more than three-year low on Wednesday but said it was ready to dial down the pace of easing during a political crisis that threatens government efforts to plug a widening fiscal gap. Corruption allegations against President Michel Temer, which threaten to unseat the center-right politician and...

  • May 31- Brazil's scandal-plagued President Michel Temer has gained some breathing room due to an incipient economic recovery and the failure of his allies to agree on a caretaker to keep his fiscal reforms on track if he is ousted. Temer, who is being investigated for corruption by the Supreme Court, went on the offensive this week to convince Brazilians he is...

  • SAO PAULO, May 31- Brazilian and Mexican stocks fell on Wednesday, tracking a decline in commodities prices, while Latin American currencies gained as political tension in Washington broadly weighed on the dollar. Shares of Brazilian iron ore miner Vale SA and state-controlled oil company Petróleo Brasileiro SA fell along with Mexican miner Penoles as...