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  • The places close to USA where China is winning Wednesday, 6 May 2015 | 1:34 PM ET
    China's President Xi Jinping, left, is welcomed by his Brazilian counterpart Dilma Rousseff at Planalto Palace on July 17, 2014 in Brasilia.

    "The Chinese government hopes to develop itself on par with (the United States), Europe and Russia as an international leader," says one expert.

  • LISBON, May 5- A long-expected consolidation of Brazil's telecoms industry that is likely to involve rivals Oi and TIM has run into delays but should go ahead in 2016, a representative of Oi's largest shareholder, Portugal Telecom SGPS, said on Tuesday. Rafael Mora, who is a board member of both PT and Oi, said changes to the shareholder structure of Telecom Italia-...

  • SAO PAULO, May 4- Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision last week to release from jail nine executives at construction companies suspected of paying bribes in the scheme, and put them...

  • Brazil weighs investigating ex-leader Silva Monday, 4 May 2015 | 4:21 PM ET

    RIO DE JANEIRO— Federal prosecutors in Brazil confirmed Monday that they are weighing whether to open a full investigation into former President Luiz Inacio Lula da Silva's alleged overseas lobbying efforts for the scandal-plagued construction firm Odebrecht, the nation's biggest builder. In an emailed statement, the federal prosecutors' office said it...

  • BERLIN, May 4- European aviation safety regulators introduced new training requirements on Monday to help prevent accidents by pilots losing control of planes in-flight, such as during a stall or in bad weather. In one such accident, an Air France jet flying between Rio de Janeiro and Paris plunged into the Atlantic Ocean during a storm in June, 2009, killing all...

  • *Brazil's Rousseff to visit Washington in June. BRASILIA, April 30- After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Although it is too early to launch a full-out trade dispute, Brazil plans to apply pressure on...

  • RIO DE JANEIRO— A Rio de Janeiro judge has ordered the return of several luxury cars and other high-ticket items to Brazil's one-time richest man, Eike Batista, who is fighting insider trading and other charges stemming from the demise of his industrial empire. In a 29- page decision, magistrate Vitor Barbosa Valpuesta also ordered the return of property seized...

  • BRASILIA, April 29- Brazil again steeply raised interest rates on Wednesday to convince investors that the government is serious about reining in runaway prices, despite fears that aggressive tightening will make an expected recession worse. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as...

  • BRASILIA, April 29- Brazil opted for another steep interest rate hike on Wednesday to convince investors that the government is serious about reining in runaway prices despite fears of a recession. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as India and Turkey, both with rates at 7.5 percent.

  • The injunction ordered Uber to cease operations immediately and to ensure the app is no longer available for download from the online stores of Google, Apple, Samsung and Microsoft. The Brazilian press offices of Google, Samsung, Microsoft and Apple did not immediately respond to requests for comment. The world's most valuable venture-backed startup with a...

  • Brazil executives moved to house arrest in corruption case Wednesday, 29 Apr 2015 | 12:23 PM ET

    Among those released were Ricardo Pessoa, chief executive officer of UTC Engenharia, and Gerson Almada, vice president of Engevix, two of Brazil's largest engineering firms. Brazil's Supreme Court ruled Tuesday evening that the executives could await possible trials on corruption charges under house detention. Some had been jailed for nearly six months,...

  • LatAm business is struggling: DSM CFO   Wednesday, 29 Apr 2015 | 1:20 AM ET
    LatAm business is struggling: DSM CFO

    DSM CFO, Geraldine Matchett, says the company's Latin American business is struggling in part due to negative growth in Brazil.

  • Will 'Bali Nine' executions spark trade sanctions?   Wednesday, 29 Apr 2015 | 12:06 AM ET
    Will 'Bali Nine' executions spark trade sanctions?

    Taimur Baig, chief economist, Asia at Deutsche Bank, expects "cool heads to prevail" when it comes to economic and trading ties between Indonesia with both Brazil and Australia.

  • Indonesia executes drug convicts, sparks anger Tuesday, 28 Apr 2015 | 7:26 PM ET
    Supporters of Australians on death row in Indonesia Andrew Chan and Myuran Sukumaran participate in a candlelight vigil at Martin Place in Sydney on April 28, 2015.

    An Indonesian firing squad executed eight drug convicts, prompting Australia to recall its envoy and drawing an angry reaction from Brazil.

  • CNBC update: 12 killed in Brazilian landslide   Tuesday, 28 Apr 2015 | 11:31 AM ET
    CNBC update: 12 killed in Brazilian landslide

    Rescuers continue to look for victims from the Nepal earthquake; police investigate a possible attack on a U.S. army base in Japan; and a new experimental shingles vaccine is found effective, reports CNBC's Courtney Reagan.

  • WILMINGTON, Delaware, April 28- Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. The case, filed in Manhattan federal court in December by a group of large investors, alleges $98...

  • 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...