×

Food and Beverage Food Products

  • 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...

  • SAO PAULO, May 31- Brazilian shares dropped on Wednesday tracking a decline in prices of commodities, but stocks in meatpacker JBS SA jumped after its controlling shareholder struck a leniency deal with authorities for its part in a corruption scandal. Shares of iron ore miner Vale SA and state-controlled oil company Petróleo Brasileiro SA subtracted the...

  • BRASILIA, May 31- Brazil's central bank is widely expected to maintain its rapid pace of interest rate cuts on Wednesday despite a political crisis that has clouded the future of an economy slowly emerging from its worst recession ever. "Given the political uncertainties and the clouds hovering above the fiscal policy outlook, we expect monetary authorities...

  • BRASILIA/ SAO PAULO, May 31- J&F Investimentos, controlling shareholder of the globe's largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil's three-year sweeping graft investigations...

  • BRASILIA, May 31- Brazil's unemployment rate fell unexpectedly in the three months through April from a record high, government data showed on Wednesday, in a sign the labor market could be stabilizing as the economy appears to be emerging from recession. "The labor market showed some early signs of stabilization," wrote Alberto Ramos, Latin America economist at...

  • May 31- Brazil's scandal-plagued President Michel Temer has gained some breathing room from 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. If we see that they are not advancing, then we should quickly look for an alternative government, "Congressman Eduardo Cury, a vice...

  • BRASILIA/ SAO PAULO, May 31- J&F Investimentos, controlling shareholder of the globe's largest meatpacker, JBS SA, agreed to pay a record-setting 10.3 billion real fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil's three-year sweeping graft investigations...

  • SANTIAGO, May 31- Swiss-based food company Nestle SA is creating thousands of jobs and investing in new factories in Latin America as it looks to tackle social issues and shore up its position in one of its strongest markets, the regional head said on Tuesday. The maker of Kit Kat chocolate bars and Nespresso coffee is working with government officials in the four...

  • *China soybean crushers losing money on processing. SINGAPORE/ BEIJING, May 31- China's soybean importers are pushing to postpone or cancel cargoes mainly ordered from suppliers in Brazil as they rack up hefty losses processing the commodity into cooking oil and animal feed ingredients, said three trade sources. China, which buys around 60 percent of soybeans...

  • SAO PAULO, May 31- J&F Investimentos, controlling shareholder of the world`s largest meatpacker, JBS SA, agreed with Brazilian prosecutors late on Tuesday to pay a 10.3 billion real fine for its role in corruption scandals. State witness testimony from J&F's owners Joesley and Wesley Batista that they spent 600 million reais to bribe nearly 1,900 politicians...

  • BRASILIA, May 31- Brazil's central bank is widely expected to maintain its rapid pace of interest rate cuts on Wednesday despite a political crisis that has clouded the future of an economy slowly emerging from its worst recession ever. "In the context of the recent political crisis that has increased risks related to fiscal reform we believe the bank will...

  • BUENOS AIRES, May 30- The head of an Argentine farm group said on Tuesday he will ask Congress to investigate five acquisitions made by Brazilian meatpacker JBS on suspicion the company inflated the purchase prices to conceal bribes, although he said he had no proof. Dardo Chiesa, head of Argentina's Rural Confederation, said the company, whose founders are mired...

  • BRASILIA, May 30- Brazilian President Michel Temer on Tuesday sent a formal request to join the Organisation for Economic Co-operation and Development despite a corruption scandal that threatens to unseat him, the presidential palace said in a statement. Brazil's government also announced a $20 billion investment fund for infrastructure projects with...

  • SAO PAULO, May 30- Financial markets are betting that the Brazilian government's pro-business economic agenda will move ahead even if President Michel Temer is ousted in a corruption scandal, top banking executives said on Tuesday. Temer must respond within 24 hours to federal police questions about allegations of his involvement in a sprawling political...

  • BRASILIA, May 30- Brazilian President Michel Temer on Tuesday sent a formal request to join the Organisation for Economic Co-operation and Development despite a corruption scandal that threatens to unseat him, two government sources familiar with the matter told Reuters. Although his coalition in Congress has not abandoned his center-right...

  • BUENOS AIRES, May 30- The head of one of Argentina's largest farm groups will ask Congress to investigate five acquisitions made by Brazilian meatpacker JBS over more than a decade due to suspicion of overpricing, he told Reuters on Tuesday. Dardo Chiesa, head of Argentina's Rural Confederation, said the company, whose founders are mired in a corruption scandal...

  • WINNIPEG, Manitoba, May 30- A Canadian shipment of pig feet to China, produced by Olymel LP, has tested positive for residues of banned growth drug ractopamine and may curb future trade, Canadian government and industry officials say. China views the tainted shipment as a "systemic failure" of Canada's program that certifies pork sent to China is free of...

  • BRASILIA, May 30- Brazilian President Michel Temer must respond within 24 hours to federal police questions about his alleged involvement in a sprawling political graft probe, a Supreme Court judge ruled on Tuesday, a source with direct knowledge of the investigation told Reuters. Executives from the world's biggest meatpacker JBS SA said in plea-bargain...

  • *Conagra to sell Wesson brand for about $285 mln. May 30- Packaged food maker Conagra Brands Inc said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J. M. Smucker Co for about $285 million. Smucker's oils manufacturing facility in Cincinnati, Ohio.