Teresa Barger, Cartica Capital, discusses her plans to challenge Chile's CorpBanca plans to merge with the local unit of Brazilian bank Itaú.» Read More
ANGRA DOS REIS, BRAZIL, March 13- Permission for Chevron Corp to resume drilling and water injection at its Frade offshore field in Brazil is being held up by the company's failure to deliver a full report on the causes of a 2012 oil seepage, the head of Brazil's oil regulator said on Thursday.
BRASILIA, March 13- Brazil unveiled measures on Thursday to help electricity distributors struggling with high power costs caused by drought, a move aimed at combating inflation by delaying increases in electricity rates until next year.
SAO PAULO, March 13- Brazil's federal police will investigate allegations that officials from state-run oil company Petroleo Brasiliero SA accepted bribes from Dutch ship leaser SBM Offshore NV, newspaper Folha de S.Paulo reported on Thursday.
BRASILIA, March 12- The rift between President Dilma Rousseff and her main political allies widened on Wednesday one day after they voted in Congress to look into bribery allegations leveled at Brazil's state-run oil company Petrobras.
BRASILIA, Brazil-- Brazil's defense minister says it is prepared to fend off cyber attacks during the World Cup. Celso Amorim says the country's defense strategy against cyber threats has already been put to test during recent major events, including last year during the visit of Pope Francis and the Confederations Cup.
President Dilma Rousseff, or whoever wins the election, will have to make deep budget cuts, raise taxes and take other painful steps to address Brazil's growing financial imbalances. Economists currently expect Brazil's gross domestic product to grow 1.68 percent this year, and 2 percent in 2015, according to a weekly survey by the central bank.
BRASILIA/ SAO PAULO, March 11- Brazil's lower house of Congress approved on Tuesday the creation of a special committee to monitor any probes in the Netherlands of allegations that a Dutch company paid bribes to officials at state-run oil company Petrobras.
SAO PAULO, March 11- Moelis& Co LLC, the financial firm founded by banker Ken Moelis, opened an office in Brazil on Tuesday, the latest move by an independent investment bank into the merger and acquisitions business in Latin America's biggest economy.
*Cocoa underpinned by expected 2013/ 14 global deficit. NEW YORK/ LONDON, March 11- Arabica futures extended their steep rally on Tuesday, touching a two-year high as parts of top grower Brazil's coffee belt failed to receive enough rain, while robusta rose to a one-year high.
March 9- The sudden disappearance of a Malaysia Airlines jetliner with 239 people aboard represents one of the rarest kinds of aviation disaster, and the mystery is compounded by uncertainty about which country's jurisdiction the plane came down in.
RIO DE JANEIRO/ BRASILIA, March 6- Brazil's central bank said on Thursday it will remain vigilant to minimize the risk of high inflation despite some moderation in price increases, signaling it may not be done raising interest rates just yet.
NEW YORK/ LONDON, March 5- Arabica coffee futures surged above $2 per lb for the first time in two years on Wednesday, on heavy investor buying as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market.
*Cocoa moves sideways, underpinned by firm demand. NEW YORK/ LONDON, March 5- Arabica coffee futures surged on heavy investor buying on Wednesday, nearing a two-year high as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market, while raw sugar jumped to a four-month high. Cocoa on ICE Futures U.S. and Liffe were firm.
*Adidas to work with Hainer on succession plan. HERZOGENAURACH, Germany March 4- Adidas has extended the contract of long-serving Chief Executive Herbert Hainer until 2017 but will work with him on a succession plan to ready the world's second-biggest sportswear company for "generation change".
Brazil's economy expanded by 2.3 percent last year and the government is targeting a 2.5 percent growth this year. However, Tony Volpon, Strategist for Latin America at Nomura, says such a target may be unrealistic.
BRASILIA, Feb 28- Brazil's consolidated primary budget surplus narrowed in January from a year ago, marking a weak start for the government's effort to boost savings and regain credibility with investors this year. "The government got off on the wrong foot with this result," said Flavio Serrano, senior economist with Espirito Santo Investment Bank in Sao Paulo.
RIO DE JANEIRO/ LONDON, Feb 28- Ukraine's hryvnia jumped as much as 10 percent on Friday on hopes of a loan from the International Monetary Fund, while the Brazilian real slid 0.5 percent after the latest budget data poured cold water on hopes that the country would halt a deterioration in its fiscal performance.
LONDON, Feb 28- Indonesia's January ban on the export of nickel ore is, according to French nickel producer Eramet, "good news and will eventually support nickel prices".
RIO DE JANEIRO/ SAO PAULO Feb 27- Vale SA, the world's largest iron ore producer, will continue reining in costs this year even as the outlook for prices and sales volumes is improving, its chief executive officer said on Thursday.
SAO PAULO/ BRASILIA, Feb 27- Brazil's economy ended 2013 on a upbeat note thanks to strong consumer spending and investment, providing a much-needed boost to President Dilma Rousseff as she tries to rebuild her credibility with business leaders and win re-election in October.