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  • SAO PAULO— Workers at the Brazilian subsidiary of German automaker Volkswagen say they have ended the strike they started 10 days ago to protest the dismissal of 800 workers. The metalworkers union in the Sao Paulo suburb of Sao Bernardo Do Campo says on its website that the strike was called off after the company reversed the layoffs. The union says work will...

  • *Faltering euro zone and China, disinflation biggest risks. BENGALURU, Jan 15- Global economic growth will be modest at best in the coming year as weak inflation persists, Reuters polls showed on Thursday, while a faltering euro zone and China could restrain it further. Economists polled over the past week by Reuters say the biggest risk to the global economy this...

  • Cramer: What's behind the meltdown of commodities Wednesday, 14 Jan 2015 | 6:24 PM ET

    Jim Cramer sees three major themes that account for the collapse in commodity prices.

  • Cheap oil? That's just one worry for Petrobras Wednesday, 14 Jan 2015 | 1:43 PM ET
    File photo of the P-56 semi-submersible production platform for the oil company Petrobas at the Brasfels shipyard in Angra dos Reis, about 115 miles (185 km) west of Rio de Janeiro .

    After more bad news, Brazil's embattled Petrobras will likely affect the wider fate of the Brazilian economy.

  • SAO PAULO, Jan 14- Shares of Embraer SA fell on Wednesday after the Brazilian planemaker said it expected to report negative cash flow in 2014 due to delayed payments from clients, raising questions about the future of defense contracts as the government struggles with its fiscal goals. Embraer generated $213 million in free cash flow during 2013..

  • RIO DE JANEIRO, Jan 14- Brazilian police early on Wednesday arrested another former executive at state-run oil company Petroleo Brasileiro SA after prosecutors accused him of continued involvement in corruption and money laundering. Nestor Cervero, former international director of the company known as Petrobras, was detained at Rio de Janeiro's...

  • SAO PAULO, Jan 12- Thousands of Brazilian metalworkers marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • SAO PAULO, Jan 12- Thousands of metalworkers in Brazil marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • Jan 9- As investigators hunt for what caused an AirAsia jet to crash in an equatorial storm on Dec 28, the aviation industry is still struggling to apply the lessons of accidents in similar weather over the past decade. It is too early to say whether the Airbus A320 crashed into the Java Sea due to pilot error, mechanical problems, freak weather or- as most often...

  • Record-high temperatures and the most severe drought in at least 80 years punished southeastern Brazil last year, a region accounting for 60 percent of the country's gross domestic product. Private weather forecaster Somar warned of irregular rainfall in the center-west soy belt as well as the southeast throughout the month as an atmospheric blockage...

  • Record-high temperatures and the most severe drought in at least 80 years punished southeastern Brazil last year, a region accounting for 60 percent of the country's gross domestic product. Private weather forecaster Somar warned of irregular rainfall in the center-west soy belt as well as the southeast throughout the month as an atmospheric blockage...

  • RIO DE JANEIRO, Jan 8- Brazil's state-run oil company said on Thursday it produced more crude oil and related liquids in the third quarter than Exxon Mobil Corp, making Petroleo Brasileiro SA the world's largest publicly traded petroleum producer for the first time. That output was 7 percent more than the 2.065 million bpd Exxon produced in the same quarter,...

  • SAO PAULO, Jan 7- Workers at a Mercedes-Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes-Benz, a unit of Germany's Daimler AG,...

  • SAO PAULO, Jan 7- Workers at a Mercedes Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes Benz, a unit of of Germany's Daimler AG,...

  • *Poll details: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls. BRASILIA, Jan 7- Emerging market currencies will stay under pressure in 2015, a Reuters poll found, though they may not fall as much as last year as lower commodity prices and tighter monetary policy in the United States could be largely priced in already. "The dichotomy between the...

  • RIO DE JANEIRO, Jan 6- Brazil's Petrobras completed talks with creditors about the release of its delayed unaudited third-quarter financial results, the state-run oil company said in a securities filing on Tuesday. Under the agreement, Petroleo Brasileiro SA, as Petrobras is formally known, will be able to deliver its results by the end of January as the company...

  • RIO DE JANEIRO, Jan 6- Brazil's state-run oil company Petrobras said on Tuesday that its offshore subsalt oil fields, its main source of new output, are profitable with oil at about $45 a barrel, or about 12 percent below today's quote for benchmark Brent crude. Rio de Janeiro- based Petrobras, already under pressure because of a corruption scandal that has cut it off...

  • BRASILIA, Jan 5- Brazil's government must make difficult budget cuts to improve investor confidence and restore economic growth, the country's new Finance Minister Joaquim Levy said on Monday. He said that Brazil would see benefits such as greater business confidence, better-developed credit markets, higher levels of entrepreneurship and greater foreign...

  • BRASILIA, Jan 5- Brazil's government must focus on making difficult fiscal adjustments in order to get economic growth and investment back in gear, the country's new Finance Minister Joaquim Levy said on Monday. At his swearing-in ceremony in Brasilia, Levy said the process will require the participation of society as a whole and will involve changes to taxes...

  • RIO DE JANEIRO/ BRASILIA, Jan 2- When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide. "Petrobras has one of the most accurate accounting standards in the world," said Rousseff, who was then chairwoman of its board and is now Brazil's president.