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Brazil

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  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, the second-largest soy export port in Brazil,...

  • SAO PAULO, Feb 26- Brazilian truckers continued a nine-day-old strike on Thursday, unmoved by an initial government offer to meet some of their demands or by threats of hefty fines. The strike, which spread from a few road blocks on Feb. 18 in the main soybean state of Mato Grosso to 91 blockades across nine states on Thursday, has caused lines at filling stations and...

  • SAO JOSE DOS CAMPOS, Brazil, Feb 26- Workers at a General Motors Co car factory in Brazil ended a six-day strike on Thursday after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry. The re-elected leadership, which also organized a strike against planemaker Embraer SA last...

  • Judge orders suspension of WhatsApp in Brazil Thursday, 26 Feb 2015 | 1:54 PM ET

    SAO PAULO— A judge says he has ordered the suspension of the globally popular instant messaging system WhatsApp across Brazil because it has allegedly failed to help in an investigation. WhatsApp does not have an office in Brazil so the judge's order was delivered to cellphone operators. WhatsApp is owned by Facebook Inc., which last year paid nearly $22...

  • Brazil's government told truckers and transport companies late on Wednesday it would extend a year of free financing for vehicles from a state development bank and help truckers and transport companies work out a framework for setting freight rates. Although the flow of trucks was normal in Brazil's richest state of Sao Paulo, which guaranteed normal...

  • Volkswagen, Embraer summoned in Brazil dictatorship probe Thursday, 26 Feb 2015 | 11:46 AM ET

    SAO PAULO, Feb 26- A "truth commission" investigating crimes during Brazil's 1964-1985 military dictatorship has summoned Germany's Volkswagen AG and five local companies to testify whether their collaboration with the regime led to rights abuses. The other companies are Brazilian aircraft maker Embraer SA, industrial firms Grupo Aliperti and Cobrasma SA,...

  • Strike ends at General Motors plant in Brazil Thursday, 26 Feb 2015 | 10:42 AM ET

    SAO JOSE DOS CAMPOS, Brazil, Feb 26- Workers at General Motors Co's Brazilian car factory ended a six-day strike on Thursday after the company agreed to drop plans to lay off 800 employees, the union said. Stoppage days will not be deducted from wages and the company vowed not to retaliate against workers who walked off the job in the longest strike GM has faced in...

  • RIO DE JANEIRO, Feb 26- Shares in Brazil's Vale SA plunged 5 percent on Thursday as the miner posted full-year net income well below analyst forecasts due to a weaker iron ore price and Brazilian currency. The halving of iron ore prices has hit the world's largest producer of the steelmaking ingredient as increased output from Australia coincided with slower...

  • RIO DE JANEIRO— Judicial officials have requested the removal of the magistrate overseeing the trial of former billionaire Eike Batista after he was caught driving a Porsche he'd ordered seized from the fallen magnate, the Federal Prosecutors' Office said. With a fortune estimated at $30 billion, Batista clocked in at No. 7 on the Forbes' billionaires list and...

  • SAO PAULO— The government and truck drivers unions have reached an agreement meant to end the weeklong protests by Brazilian truckers, but many drivers continued to block roads on Thursday, causing shortages of gasoline and other products. The Transportation Ministry said the government agreed Wednesday night to avoid fuel price increases for at least six...

  • It is still unclear whether the late night offer will satisfy the strikers, whose actions have disrupted food and fuel supplies in 10 of Brazil's 26 states. Highway operator Rota do Oeste in Brazil's top soybean state of Mato Grosso, where the strike started, said truckers are expected to maintain road blockages through the night. The truckers' strike has added to...

  • Feb 25- Soybean export premiums at the U.S. Gulf Coast were flat to weaker on Wednesday, easing in tandem with a lower CIF barge basis and pressured by seasonally slowing demand for U.S. supplies, traders said. *Soybeans were loading on at Brazil's large Santos and Paranagua ports on Wednesday after truckers had blocked access earlier this week, but access to Parana...

  • Agriculture Minister Katia Abreu said after a meeting with truckers in Brasilia on Wednesday afternoon that she was confident both sides would reach agreement. Truckers and transport companies failed to reach an agreement over freight rates by the end of the government-led talks Wednesday evening, said Blairo Maggi, a prominent senator from the leading...

  • Petrobras scandal about to hit Brazil's political class Wednesday, 25 Feb 2015 | 3:51 PM ET

    BRASILIA, Feb 25- Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that could involve members of Congress and President Dilma Rousseff's government. Under Brazilian law, lawmakers and cabinet members can only be tried by the Supreme Court.

  • The two biggest economies in Latin America began closed talks last week over the accord signed in 2012, which limits vehicle exports from Mexico to Brazil. The wrangle underlines a widening gap between Mexico, which is aiming to open up its market amidst a car production boom, and Brazil, which is attempting to protect its struggling auto sector.

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the biggest...

  • SAO PAULO, Feb 25- Truckers staged nearly 100 road blocks across Brazil's farm belt on Wednesday as protests stretched into their eighth day, though access to the country's biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and...

  • Rota do Oeste, the company that runs the main highway in Brazil's leading soybean state of Mato Grosso where the trucker protest started on Feb. 18, said trucks continue parked along the shoulders in several cities of the state on Wednesday. Brazil's attorney general said on Monday it would begin issuing fines of 100,000 reais to truckers or logistics companies...

  • Protest by Brazilian truckers grows, creating shortages Wednesday, 25 Feb 2015 | 8:54 AM ET

    SAO PAULO— Weeklong protests by Brazilian truckers demanding lower fuel and toll prices have spread, causing shortages of gasoline and other products. The Transportation Ministry's press office said Wednesday that truck drivers are blocking roads in 10 states and television stations broadcast images showing long lines of cars at gas stations that were...