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Brazil

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  • 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...

  • 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,...

  • *Pope voicing concerns from Latin America. The sharp critique of the market-based approach to curbing emissions comes as support for carbon trading is growing, embraced by institutions like the World Bank and United Nations, as well as the heads of many multinational companies and countries like China.. Emissions trading schemes, such as one in place in the...

  • RIO DE JANEIRO, June 16- Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry. However, executives at Petroleo Brasileiro SA, as Petrobras is formally known, have run into internal and...

  • 'Soy King' of Brazil, Olacyr de Moraes, dies at 84 Tuesday, 16 Jun 2015 | 2:29 PM ET

    SAO PAULO, June 16- Olacyr de Moraes, the one-time "Soy King" of Brazil who pushed the frontier of large-scale agriculture far into the country's interior to become the world's largest soybean grower, died on Tuesday at age 84.. Mato Grosso today is the largest grain producing state in Brazil, which ranks second to the United States in soy. An economic downturn in...

  • Sugar far from sweet spot for investors Tuesday, 16 Jun 2015 | 7:20 AM ET
    A worker gathers cut sugar cane for the Emiliano Zapata sugar mill in Zacatepec, Mexico.

    Cane sugar prices are being beaten down – helping to keep processed food prices low around the world.

  • PARIS, June 15- Brazil's Embraer SA on Monday announced 50 firm orders at the Paris air show for regional jets worth a total of $2.6 billion, including deliveries in China starting this year. Deliveries will begin this year for seven E190s to Colorful Guizhou, the fifth airline flying Embraer's E-Jets in China. Embraer's first-quarter earnings suffered as the...

  • Brazil cuts 2015 borrowing from Sweden for Gripen jets Thursday, 11 Jun 2015 | 1:58 PM ET

    BRASILIA, June 11- Brazil's government has drastically reduced the amount of funds it will borrow from Sweden this year to pay for a fighter jet deal with Saab but talks to lower interest rates are ongoing, the defense ministry said on Thursday. A failure to agree on financing terms for the contract could force Brazil and Saab to renegotiate the $5.4 billion sale...

  • BRUSSELS, June 11- Unable to match China's offer of $250 billion in investment in Latin America, the EU sought ways on Thursday to avoid being marginalized in the region, offering new trade deals, visa-free travel and deeper ties. At a two-day summit with Latin American leaders in Brussels, European leaders briefly put aside concerns about Greece, Ukraine and...

  • NEW YORK, June 10- Global agricultural merchant Ecom Agroindustrial Corp and its smaller U.S. rival V&A Commodity Traders Inc have joined forces to create a medium-sized sugar merchant, the latest deal to transform the struggling sweetener market. V&A Trading, which is owned by Seacor Holdings, said on Wednesday the companies have agreed to merge their sugar...