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  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • DIARY- Emerging Markets Economic Events to May 7 Friday, 24 Apr 2015 | 8:02 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

  • RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

  • BRASILIA, April 24- Brazilian interest rates are set to rise sharply again next week, a Reuters poll showed on Friday, as the central bank attempts to boost its inflation-fighting credentials even as signs of a recession continue to grow. Forty-two of the 48 economists surveyed in the poll expect policymakers to raise the benchmark Selic rate by 50 basis points...

  • RIO DE JANEIRO— When Frenchman Gwenel Lecourieux was gearing up to move to Brazil, the country with its swelling upper class and world-renowned hunger for luxury goods seemed like the perfect place to set up his dream business, selling high-end watches. Brazil doesn't track the number of foreign residents leaving the country, but signs indicate the country's...

  • Brazil trucker strike sputters on second day Friday, 24 Apr 2015 | 10:15 AM ET

    SAO PAULO, April 24- Participation in a trucker strike in Brazil weakened on Friday, its second day, as the number of blockages on highways fell to 11 from 17 the night before, according to police. Truckers in Brazil resumed roadblocks across the country's main farm belt early on Thursday, after failing to reach common ground in talks with the government and freight...

  • SAO PAULO, April 23- Truckers in Brazil resumed roadblocks across the country's main farm belt early on Thursday, after failing to reach common ground in talks with the government and freight companies in recent weeks regarding pay and fuel prices. Highway police estimated 14 protests blocking roads Thursday morning, that mainly affected the movement of...

  • RIO DE JANEIRO, April 23- Executives at Brazil's Petrobras on Thursday sought to move on from a giant corruption scandal that has plagued the state-run oil company, outlining a back-to-basics recovery plan that left some investors hoping the worst was over. On a call with investors the day after publishing long-delayed audited results for 2014, Chief...

  • RIO DE JANEIRO, April 23- Shares in Brazil's state-run oil company Petrobras fell 5 percent on Thursday, a day after it reported the largest loss ever on $17 billion in charges, giving investors a deeper look at the fallout from a huge corruption scandal. Preferred shares pared losses after a sharp opening selloff in Sao Paulo as traders weighed the greater...

  • RIO DE JANEIRO, April 22- Brazilian state-run oil company Petrobras reported its biggest-ever loss on Wednesday, the result of a 50.8- billion-real write-down in the wake of a massive corruption scandal. A widening international probe of contract fixing, bribery and political kickbacks at the company, formally called Petroleo Brasileiro SA, led to lengthy...

  • DIARY- Emerging Markets Economic Events to May 5 Wednesday, 22 Apr 2015 | 8:02 PM ET

    CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting. MOSCOW- Central Bank of Russia announces interest rate decision- 1000 GMT.

  • Brazil's Petrobras: Graft scheme cost $2.1B in losses Wednesday, 22 Apr 2015 | 7:20 PM ET

    RIO DE JANEIRO— Brazil's state-run oil company Petrobras said Wednesday that it lost $2.1 billion in an eight-year kickback scheme that saw the firm's executives taking bribes for awarding inflated contracts to suppliers. The company was cut to junk status by Moody's Investors Service in late February in large part because of the scandal.

  • Why tonight's audit of an oil giant really matters Wednesday, 22 Apr 2015 | 1:03 PM ET
    Petrobras gas station in Brazil

    Brazil's state-run oil giant, Petrobras, is engulfed in arguably the largest financial scandal in the country's history.

  • Turmoil at Petrobras   Wednesday, 22 Apr 2015 | 9:47 AM ET
    Turmoil at Petrobras

    Roughly 50 people have been arrested or charged in the Petrobras bribery scandal, reports CNBC's Michelle Caruso-Cabrera.

  • Petrobras bribery scandal: How much was ripped off?   Wednesday, 22 Apr 2015 | 6:30 AM ET
    Petrobras bribery scandal: How much was ripped off?

    CNBC's Michelle Caruso-Cabrera reports Petrobras is expected to release audited financials today and the implications could be huge for Brazil's oil giant.

  • EM consumers turning savvy: Samsonite CEO   Wednesday, 22 Apr 2015 | 3:30 AM ET
    EM consumers turning savvy: Samsonite CEO

    Samsonite CEO Ramesh Tainwala says the company is benefiting as consumers in emerging markets turn savvy.

  • Still cautious on Brazil: Pro   Wednesday, 22 Apr 2015 | 1:30 AM ET
    Still cautious on Brazil: Pro

    Conrad Saldanha, portfolio manager at Neuberger Berman explains why he's been cautious on Brazil for the last 3 years.

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.

  • Cuba's not as open for business as everyone thinks Tuesday, 21 Apr 2015 | 1:54 PM ET
    A taxi cab in Havana, Cuba.

    American companies have been eyeing the Cuban market since December but consultants are wary about how easy it will be to do business there.