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  • "There was pressure from high commodity prices that led some growers to plant soy in illegally deforested areas," Teixeira said after signing the moratorium, which runs through May 2016, with a group of Brazil's largest soy exporting and processing firms. "Clearly, soy is not a driver behind Amazon deforestation," said Carlo Lovatelli, president the Brazilian...

  • SAO PAULO, Nov 25- When Brazilian President Dilma Rousseff first considered replacing Finance Minister Guido Mantega two years ago, a top aide confided that any good candidate for the job would have to meet two requirements. Levy, an executive at local bank Bradesco SA, is seen by most investors as a strong choice to try to restore confidence after four years of...

  • United States subpoenas Brazil's Petrobras Tuesday, 25 Nov 2014 | 8:25 AM ET

    SAO PAULO— The United States Securities and Exchange Commission has subpoenaed documents in its investigation into corruption allegations at Petrobras, Brazil's state-run oil giant said. Petrobras acknowledged the documents requested were "related to an investigation into the company initiated by the SEC" and said the materials would be forwarded to the...

  • Suspect in Petrobras scandal turns himself in Monday, 24 Nov 2014 | 10:15 AM ET

    RIO DE JANEIRO— A suspect wanted in the widening corruption probe at Brazil's state-run oil giant Petrobras has turned himself in to police. He was the last of 25 suspects to be detained in the latest phase of the so-called "Car Wash" investigation into corruption at Petrobras, Brazil's biggest company. The Petrobras scandal has been playing out for months, with...

  • BRASILIA, Nov 24- Brazil's current account deficit widened in October from the previous month, highlighting the rapid deterioration of the external accounts as prices of key exports drop sharply. Brazil's current account deficit in September was $7.907 billion. In the last 12 months through October, the current account deficit was equivalent to 3.73 percent...

  • SAO PAULO, Nov 23- Brazilian President Dilma Rousseff's new, still unconfirmed economic team is preparing budget cuts for 2015 that will be announced next week, newspaper Folha de S. Paulo reported on Sunday. Three of the country's leading newspapers reported on Friday that Rousseff will appoint Joaquim Levy, head of the asset management arm of Brazil's...

  • 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...

  • Batista on trial today for insider trading     Tuesday, 18 Nov 2014 | 1:46 PM ET

    Eike Batista allegedly sold shares of his company before the stock plummeted. Insight, with CNBC's Michelle Caruso-Cabrera.

  • 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.