×

Latin America Brazil

  • SAO PAULO, April 19- Brazil's federal police said they had launched raids on Wednesday as part of an investigation into the purchase of Banco Panamericano SA shares by Caixa Participações SA, parent company of national savings bank Caixa Econômica Federal. Police said 30 of the search warrants were carried out in São Paulo, six in Rio de Janeiro and six in the...

  • LONDON, April 19- Copper rebounded on Wednesday from a 14- week low as investors judged that a sell-off in industrial metals sparked by political uncertainties ranging from North Korea to a snap UK general election had been overdone. *LME COPPER: Three-month copper on the London Metal Exchange was up 1.1 percent at $5,635 a tonne at 1059 GMT.

  • MELBOURNE, April 19- London copper climbed away from its weakest since January as the dollar dropped on Wednesday, but concerns China's base metals demand could temper in the coming quarter as Beijing acts on runaway property prices capped gains. *SHFE: Shanghai Futures Exchange copper cut losses to 1 percent at 45,840 yuan a tonne, after dipping as low as 45,110...

  • BRASILIA, April 18- Brazil's lower house of Congress on Tuesday approved the main text of a bill granting debt relief to cash-strapped states that adopt belt-tightening measures, in a victory for President Michel Temer's austerity program. Late last year, the lower house surprised Temer by scrapping those austerity requirements, forcing him to reintroduce...

  • MELBOURNE, April 19- London copper hovered close to its weakest since January on Wednesday, on concerns China's base metals demand could temper in the coming quarter following a wobble in steel. *Shanghai zinc declined 3.8 percent, following similar losses in London overnight, while Shfe nickel fell 3 percent, having tracked a steep slide on the LME in the...

  • EUSTATIUS/ HOUSTON, April 18- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million- money the crisis-stricken nation desperately needs. Despite a longstanding alliance between Venezuela and Russia, Sovcomflot sued PDVSA in St. Maarten, a Dutch island on the...

  • EUSTATIUS/ HOUSTON, April 18- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million- money the crisis-stricken nation desperately needs. Despite a longstanding alliance between Venezuela and Russia, Sovcomflot sued PDVSA in St. Maarten, a Dutch island on the...

  • TOKYO, April 18- The Mitsubishi Regional Jet has been delayed five times and faces rising costs, yet its future as the vanguard of Japanese-built passenger jets seems assured by the corporate muscle behind it and a government set on reviving an aerospace industry dismantled after World War Two. The delays- the new 90- seat plane was due to take off in 2013, but the...

  • District Judge Raymond Dearie in Brooklyn, came after U.S. and Brazilian authorities determined after a plea agreement was reached in December that Odebrecht could not afford to pay more than that amount. The judge said Odebrecht will pay nearly $2.4 billion to Brazil, $116 million to Switzerland and $93 million to the United States. Those countries were...

  • Factory workers in Brazil.

    Brazil's economy is showing signs it's climbing out of its two-year recession.

  • SAO PAULO— Brazilian construction giant Odebrecht helped finance the campaign of Peru's former President Ollanta Humala, company's former CEO has said. In testimony this week to prosecutors, Marcelo Odebrecht said the company contributed $3 million to Humala, who was elected in 2011. A former Odebrecht executive also testified this week that the company...

  • SAO PAULO— A secret communications system was used to discuss and arrange the payments of bribes. The Supreme Court opened investigations into about 100 politicians this week, based on testimony provided by current and former executives at Odebrecht. The scheme was overseen by the blandly named Division of Structured Operations, which investigators refer...

  • RIO DE JANEIRO, April 13- A former senior executive of Brazilian engineering company Odebrecht SA has accused President Michel Temer of presiding over a meeting to solicit a $40 million illegal payment in 2010, according to video testimony released on Tuesday. Prosecutors have said Temer cannot be investigated for offenses committed before he assumed the...

  • RIO DE JANEIRO, April 13- A former senior executive of Brazilian engineering company Odebrecht SA has accused President Michel Temer of presiding over a meeting to solicit a 40 million reais illegal payment in 2010, according to video testimony released on Tuesday. Prosecutors have said Temer cannot be investigated for offenses committed before he assumed...

  • *Bird flu in South Korea hurts Bunge, Cargill feed sales. *Iraq buys U.S. chicken as flu hits Europe- Sanderson Farms. Different strains of avian flu have been detected across Asia, Europe, Africa and in the United States in recent months, leading to the culling of millions of birds and a flurry of import restrictions on eggs and chicken meat.

  • SAO PAULO— Brazilian construction giant Odebrecht paid $40 million to President Michel Temer's party and another party to ensure a contract with the state oil company, according to testimony from a former Odebrecht executive. Marcio Faria's accusation came in plea bargain testimony released late Wednesday as part of the biggest corruption probe in...

  • SAO PAULO— Brazil Supreme Court Judge Edson Fachin has dramatically expanded the scope of a nationwide corruption probe by ordering investigations of 108 people— including eight members of President Michel Temer's Cabinet. —Chief of Staff Eliseu Padilha, suspected of charging companies bribes to finance campaigns of the Brazilian Democratic Movement...

  • BRASILIA, April 12- Brazil's President Michel Temer urged lawmakers on Wednesday to push ahead with business as usual, a day after a Supreme Court justice ordered corruption probes into 98 politicians, including leading legislators and a third of his cabinet. Temer avoided commenting on the unprecedented wave of investigations triggered by plea bargain...

  • BRASILIA, April 12- Brazil's President Michel Temer urged lawmakers to carry on with business as usual on Wednesday, a day after a Supreme Court justice ordered corruption probes into nearly 100 politicians, including leading lawmakers and a third of his cabinet. The investigation of eight government ministers, the heads of both chambers of Congress and...

  • SAO PAULO— Embattled President Michel Temer vowed Wednesday that Brazil's government would forge ahead with its work despite a bombshell announcement that corruption investigations have been opened into eight of his ministers, both leaders of Congress and numerous top allies. Brazil's Supreme Court announced late Tuesday that it had ordered probes into...