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  • CHICAGO, June 29- Fresh beef from Brazil and Argentina will be allowed into the United States under amended regulations that specify conditions to mitigate risk of foot-and-mouth disease, the U.S. Department of Agriculture's Animal and Plant Health Inspection Service said on Monday. Brazil and Argentina also need to meet food safety standards before being...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • Brazil's finance minister suffers pulmonary embolism Saturday, 27 Jun 2015 | 1:47 PM ET

    SAO PAULO— Brazil's Finance Ministry says Minister Joaquim Levy suffered a pulmonary embolism Friday night but was recovering and was expected to fly New York to accompany President Dilma Rousseff on her official visit to the United States. Levy's press office said he was hospitalized in Brasilia after complaining of chest pains. Levy crafted the fiscal...

  • BRASILIA, June 27- Brazilian Finance Minister Joaquim Levy told reporters he was fine as he left a Brasilia hospital early on Saturday, after he was treated for a minor pulmonary embolism. A source with direct knowledge of the matter told Reuters that, as of midday on Saturday, Levy would still fly as planned to New York that evening to accompany President Dilma...

  • BRASILIA, June 27- Brazilian Finance Minister Joaquim Levy told reporters he was "fine" upon leaving a Brasilia hospital early on Saturday, and a finance ministry spokesman said Levy had suffered a slight pulmonary embolism. A person with direct knowledge of the matter told Reuters that as of midday on Saturday, Levy would still fly as planned to New York that...

  • BRASILIA, June 27- Brazilian Finance Minister Joaquim Levy left a Brasilia hospital early on Saturday, saying he was fine, following a newspaper report that he had suffered a pulmonary embolism. Levy was due to accompany President Dilma Rousseff over the weekend on an official visit to the United States that begins in New York, before moving to Washington and...

  • BRASILIA, June 26- Brazilian Finance Minister Joaquim Levy has been hospitalized in Brasilia with a pulmonary embolism, the O Globo newspaper reported on Friday, citing hospital sources. A Finance Ministry spokesman was not immediately available for comment and other official sources in Brasilia did not have information about the hospitalization.

  • CURITIBA, Brazil, June 26- In a nation where the elite have enjoyed relative impunity, a new generation of police and prosecutors in Brazil are bent on using the country's largest-ever corruption investigation to send the message that no one is above the law. And they gave the moniker Operation' Erga Omnes,' Latin for' For everyone' to a raid that jailed one of the...

  • Brazil's unemployment rates rises Thursday, 25 Jun 2015 | 1:19 PM ET

    SAO PAULO— Brazil's government says unemployment continues rising in Latin America's largest country. The country's IBGE statistics bureau said Thursday that the jobless rate in May was 6.7 percent, against 6.4 percent in April and 4.9 percent in May of last year. IBGE said that the jobless population in May remained stable at 1.6 million, but was almost 39...

  • CURITIBA, Brazil, June 24- Brazilian police said on Wednesday they intercepted a note from the jailed chief executive of Odebrecht SA to his lawyers asking to "destroy email," after he became the highest-profile executive arrested in Brazil's largest ever corruption investigation. Marcelo Odebrecht, head of Brazil's largest engineering and construction...

  • When she visits New York on Monday, President Dilma Rousseff will have a tough time convincing Wall Street her weakened government can pull Brazil out of a stall and save the once-booming nation's investment-grade credit rating. While many U.S. companies are still betting on Brazil's long-term growth prospects given the huge potential for the nation of 200...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • SAN JUAN, Puerto Rico— The worst drought in five years is creeping across the Caribbean, prompting officials around the region to brace for a bone dry summer. From Puerto Rico to Cuba to the eastern Caribbean island of St. Lucia, crops are withering, reservoirs are drying up and cattle are dying while forecasters worry that the situation could only grow worse in the...

  • RIO DE JANEIRO— Brazil's prosecutors investigating a big kickback scandal at state-run oil company Petrobras said Monday that they are asking U.S. authorities for help in building their case. Brazilian prosecutors say the Petrobras case involves hundreds of millions in kickbacks paid by Brazil's biggest construction and engineering firms to former...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • RIO DE JANEIRO, June 19- Oil spilled from a pipeline linking a main Atlantic Ocean terminal with a refinery near Rio de Janeiro on Friday, Brazil's state-run oil company Petroleo Brasileiro SA said. The narrow coastal region where the spill occurred is in Rio de Janeiro's Costa Verde or " Green Coast"- one of Brazil's most beloved tourist regions and home to one of the...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • NEW YORK— Shares of Fogo de Chao Inc. surged in their first day of trading after the Brazilian steakhouse chain priced its IPO above the expected range. Jefferies LLC and J.P. Morgan Securities LLC are acting as joint book-running managers in the offering. Dallas- based Fogo de Chao operates 26 restaurants in the U.S., 10 in Brazil and one joint venture restaurant in...

  • Federal Police inspector Igor Romario de Paulo said at a news conference that Marcelo Odebrecht and Otavio Marques de Azevedo were taken into custody and face charges of cartel formation, money laundering and diversion of public funds. They are the chief executives of Odebrecht and Andrade Gutierrez respectively. "We have money-laundering professionals...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, local media said, pulling the most high-profile executive into the corruption investigation at state-run oil firm Petrobras. Odebrecht, which has 200,000 workers and a presence in 21 countries,...