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  • SAO PAULO/ BRASILIA, Nov 21- President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo...

  • SAO PAULO, Nov 21- Brazil's JBS SA, the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia. JBS hopes to increase sales to South Korea, Singapore, Hong Kong and China, where it is already the biggest protein supplier, Chief Executive Officer Wesley...

  • CURITIBA, Brazil, Nov 20- In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run oil firm Petrobras is described by allies and even rivals as perfectly suited to the task. Moro, 42, is now pushing forward a case that has already seen dozens of arrests of major...

  • BRASILIA/ SAO PAULO, Nov 20- The chief executive of Brazilian bank Bradesco SA will not be the country's next finance minister, a government official told Reuters on Thursday, after two local newspapers reported he turned down the job in a major setback for recently re-elected President Dilma Rousseff. Since winning a runoff vote on Oct. 26, Rousseff has yet to name...

  • BRASILIA, Nov 20- Luiz Carlos Trabuco, the head of Brazil's second largest private bank Bradesco SA, has emerged as President Dilma Rousseff's first choice for finance minister as she tries to rebuild the trust of investors to revive a stagnant economy. Trabuco has a good reputation in Brazil's business world and his nomination would signal that Rousseff might...

  • Environmentalists: Brazil's greenhouse gases rise Wednesday, 19 Nov 2014 | 12:02 PM ET

    The report said that soil use changes in 2013 accounted for 16.48 percent of the emissions due to increased deforestation levels in the Amazon region and in the savanna-like ecosystem known as the Cerrado in central Brazil. Climate Observatory's secretary general, Carlos Rittl said in a statement that Brazil is not investing enough in alternative sources...

  • Brazil judge releases 11 pending Petrobras trial Wednesday, 19 Nov 2014 | 9:41 AM ET

    SAO PAULO— A federal judge has released 11 of the 24 people arrested in the corruption scandal engulfing Brazil's state-owned oil company Petrobras pending the trial in the case. Petrobras is Brazil's biggest company and is in charge of tapping big offshore oil fields and creating wealth that leaders hope will propel the country to developed world status.

  • NEW YORK, Nov 18- Several high-profile U.S. investors said on Tuesday that various parts of Latin America could outperform in the next year, but the region's largest economy, Brazil, could lag in 2015.. The sovereigns have certainly proven that, "said Luz Padilla, DoubleLine Capital's director of emerging markets fixed income, at the Reuters Global Investment...

  • Energy in 25 years: Who's producing, who's buying Tuesday, 18 Nov 2014 | 12:30 PM ET
    A cement factory releasing heavy smoke in Binzhou, China.

    The world will see huge shifts on both the usage and supply sides of the energy equation, according to BP's annual global energy forecast.

  • Brazil ex-billionaire on trial for insider trading Tuesday, 18 Nov 2014 | 11:34 AM ET

    RIO DE JANEIRO— Brazil's one-time richest man, whose meteoric rise to No. 7 on the Forbes billionaires list and equally spectacular bust came to symbolize the country's economic fortunes, went on trial Tuesday in a historic insider trading case seen as a blow against an ingrained culture of impunity. Eike Batista was on hand at the Rio de Janeiro federal court for...

  • DIARY - Emerging Markets Economic Events to Dec 1 Monday, 17 Nov 2014 | 7:02 PM ET

    Nov 18- For other related diaries, please. MAKATI CITY- Asian Development Bank to launch the latest Asian Economic Integration Monitor- 0130 GMT. BRASILIA- Brazil Central Bank President Alexandre Tombini may speak at congressional commission about deterioration of the country's fiscal results.

  • Brazilian oil giant in trouble?     Monday, 17 Nov 2014 | 4:39 PM ET

    Petrobras says it is not going to meet its 2014 production targets, and will delay its earnings report indefinitely. Insight, with CNBC's Michelle Caruso-Cabrera.

  • More bad news for Petrobras, on production front Monday, 17 Nov 2014 | 2:19 PM ET
    Rig workers take a break on a Petrobras oil platform in Angra dos Reis, Rio de Janeiro, Brazil.

    Oil company Petrobras said it will not meet production growth targets this year, adding onto a mounting list of bad news for the Brazilian company.

  • Petrobras' production woes     Monday, 17 Nov 2014 | 1:25 PM ET

    Petrobras says it is not going to meet its 2014 production targets, and will delay its earnings report indefinitely. CNBC's Michelle Caruso-Cabrera has all the details.

  • RIO DE JANEIRO, Nov 17- Brazil's state-run oil company Petroleo Brasileiro SA vowed on Monday to fully investigate a graft scandal that has knocked its shares lower and saddled President Dilma Rousseff's government with its biggest political crisis. That raises the prospect of a long period of uncertainty for a company that was once the crown jewel of...

  • Petrobras to create department to fight corruption Monday, 17 Nov 2014 | 11:35 AM ET

    SAO PAULO— The head of Brazil's Petrobras vowed Monday to use a widening corruption scheme to improve governance at the state-run oil giant, in part through creation of a compliance department aimed at stamping out corruption. In her first public remarks since the arrests of around two dozen people including a top company executive late last week, Graca Foster...

  • BRASILIA, Nov 17- Brazil's President Dilma Rousseff, who canceled a White House trip last year in anger over U.S. spying revelations, now wants to improve ties and reschedule the state visit- but some U.S. officials warn it might not be that easy. A debate in Washington over whether and when to re-extend the invitation to Rousseff reflects persistent diplomatic...

  • BUSINESS-NEWS-SCHEDULE AT 2200 GMT / 5 PM ET Sunday, 16 Nov 2014 | 4:46 PM ET

    WASHINGTON- President Barack Obama defends the transparency of his signature healthcare law after a White House adviser on the reform said the law passed, in part, because of the "stupidity" of American voters. ALLERGAN, ACTAVIS NEAR DEAL, ANNOUNCEMENT AS EARLY AS MONDAY. NEW YORK- Allergan nears a deal to merge with Actavis Plc, with an announcement coming as soon as...

  • President: oil firm probe could change Brazil Sunday, 16 Nov 2014 | 2:04 PM ET

    SAO PAULO— The investigation into kickbacks at Brazil's state oil company could forever change the relationship among society and the country's state and private companies, President Dilma Rousseff said Sunday. Rousseff spoke to mostly Brazilian reporters at a news conference in Brisbane, Australia, where a two-day summit with world leaders was ending.

  • RIO DE JANEIRO/ SAO PAULO, Nov 14- Brazilian police arrested a former Petróleo Brasileiro SA executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results. Former engineering director Renato Duque was the second senior executive arrested at...