Latin America Brazil

  • RIO DE JANEIRO— Brazil's state-run oil company is further slashing its investment plans by one fourth less than a year after similar cuts as oil prices fall and a corruption probe widens. Petrobras says in a statement Tuesday that it will invest $74.1 billion between 2017 and 2021, a 25 percent drop from the $98.4 billion promised between 2015 and 2019.

  • Sept 20- Australia has crimped its forecast for beef exports by nearly 7 percent, with farmers easing off on slaughtering cattle as they look to rebuild herds from 20- year lows following three years of drought. They are also giving rival beef exporting nations like Brazil the chance to ramp up market share in key consumers such as China, where a...

  • Sept 20- Australia has crimped its forecast for beef exports by nearly 7 percent, with farmers easing off on slaughtering cattle as they look to rebuild herds from 20- year lows following three years of drought. They are also giving rival beef exporting nations like Brazil the chance to ramp up market share in key consumers such as China, where a...

  • BRASILIA, Sept 19- Brazilian airlines are up in arms over a decision by Brazil's tax authority to list Ireland as a tax haven, which means about 1 billion reais in new taxes on aircraft leases for carriers struggling to regain profitability. Brazil's tax authority announced on Thursday it was adding Ireland, Austria, Curaçao and Saint Martin to its list of...

  • RIO DE JANEIRO, Sept 19- Brazil's heavily indebted state-led oil company Petrobras will likely cut planned investment by about a sixth and its 2020 output goal by 14 percent under a five-year strategic plan that could be released as early as Monday after markets close, according to analysts. "This plan is very important for setting expectations at a company that...

  • SAO PAULO, Sept 16- Cia Energética de Minas Gerais SA, Brazil's No. 3 power utility, is currently in advanced talks with potential partners with which it would share control of electricity distributor Light SA, Chief Executive Officer Mauro Borges said on Friday. Several banks that form part of an investment vehicle called Parati SA and shares control of Light...

  • BRASILIA, Sept 16- The prospect of turbulence in emerging markets due to U.S. rate rises could deter Brazil from quickly reducing its stock of currency swaps and should encourage the government to press ahead swiftly with economic reform, the central bank's governor said in an interview. President Michel Temer has vowed to push for a reduction in Brazil's...

  • *Ouro Branco plant in Brazil exporting half of output. OURO BRANCO, BRAZIL, Sept 15- Brazil's Gerdau SA, the No. 1 long-steel producer in the Americas, is counting on non-traditional flat-steel exports and a data venture with General Electric Co to help weather a world-steel slump and sharp domestic downturn. Gerdau planned Ouro Branco's $1.5 billion flat-steel...

  • Brazil's President Luiz Inacio Lula da Silva talks with his wife Marisa Leticia during a ceremony at Planalto Palace in Brasilia, June 26, 2007.

    Brazilian prosecutors have filed corruption charges against former President Lula and his wife in the Petrobras kickback scandal.

  • He admitted that selling shares in a credit rights fund, a structure known in Brazil as FIDCs, is an option. Postalis, Brazil's largest fund by number of participants, extended loans to companies for years, a type of transaction that became increasingly popular among state-controlled pension funds during the leftist Workers Party's 13 years in power.

  • BRASILIA, Sept 13- The founding members of Mercosur will give Venezuela until Dec. 1 to meet its membership requirements or be suspended from the trade bloc, Brazil said on Tuesday, in the latest twist in a row that has exposed ideological divisions. All Mercosur members but Uruguay blocked Venezuela from assuming the rotating presidency in June, accusing the...

  • SAO PAULO, Sept 13- The top two shareholders in Oi SA have agreed to end their dispute over the future of Brazil's largest fixed-line carrier, which is mired in a protracted bankruptcy protection process, two people briefed on the matter said on Tuesday. Under terms of the accord, Pharol SGPS SA, Oi's biggest shareholder, and Brazilian investor Nelson Tanure of...

  • Stephen Schwarzman speaking at Delivering Alpha in New York on Sept. 13, 2016.

    Blackstone CEO Stephen Schwarzman said Tuesday that stocks look slightly overvalued as low interest rates give them a lift.

  • FLORIANOPOLIS, Brazil, Sept 13- Petros Fundação Petrobras de Seguridade Social, Brazil's No. 2 pension fund, expects to approve a deficit-cutting plan before the end of the year and revamp corporate governance practices following years of failed investments, Chief Executive Officer Walter Mendes said on Tuesday. Petros, which has more than 159,000 members,...

  • BRASILIA, Sept 13- Brazil's new government on Tuesday launched a sweeping plan to auction off licenses to operate oil and gas, electricity and infrastructure projects in an attempt to boost investment and pull the economy out of the deepest recession in eight decades. The government will sell operating licenses by March for airports in the cities of Porto...

  • BRASILIA/ SAO PAULO, Sept 12- Brazil, one of the world's largest emitters of heat-trapping gases, on Monday ratified the Paris agreement to fight global warming, joining top polluters United States and China and bringing the deal closer to implementation. Brazil's President Michel Temer signed the ratification in Brasilia following approval by both houses of...

  • *China industrial production figures due on Tuesday. MELBOURNE, Sept 12- London copper slipped to its weakest level since late June on Monday after risk aversion roiled wider markets, and investors turn increasingly bearish on the metal given prospects for rising supply. Shanghai Futures Exchange copper slid 1 percent to 36,240 yuan a tonne.

  • MELBOURNE, Sept 12- London copper was stuck near its weakest in two months on Monday as the dollar held gains and as investors turn increasingly bearish on the metal given prospects for rising supply. *Shanghai Futures Exchange copper edged down 0.2 percent to 36,540 yuan a tonne. *Hedge funds and money managers speculators sharply boosted their net short...

  • A research associate at the Agency for Science Technology and Research's (A*STAR) Experimental Therapeutics Centre prepares a reaction mix to be tested with the Zika virus diagnostic test kit at their laboratory in Singapore.

    Singapore says it doesn't know if a local Zika virus strain could cause the same birth defects linked to an outbreak in South America.

  • SAO PAULO, Sept 8- Oi SA, Brazil's largest fixed-line telephone carrier, said the Rio de Janeiro court overseeing its bankruptcy protection maintained the suspension of shareholder meetings originally scheduled for this Thursday, according to a securities filing. The shareholder meetings were called by activist investor Société Mondiale in August, but...