NEW YORK, Nov 20- The former chief executive of Brazilian petrochemical company Braskem SA was arrested on Wednesday in New York on charges that he took part in a scheme to pay millions of dollars in bribes to officials to secure government contracts. Jose Carlos Grubisich was charged with conspiracy to violate a U.S. foreign corruption law and with a money...
Jose Carlos Grubisich was charged with conspiracy to violate a U.S. foreign corruption law and with money laundering conspiracy in a newly unsealed indictment in Brooklyn federal court. Grubisich was arrested in the morning at New York's John F. Kennedy Airport and is expected to appear in federal court in Brooklyn later in the day, according to John Marzulli, a...
BRASILIA, Aug 16- Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange reserves, analysts said. "This is a change of tactic, as well as signaling that there is no problem with selling FX reserves as long as it is a measured sale," said Cleber...
RIO DE JANEIRO, Aug 8- A jailed former finance minister in Brazil has said in plea bargain testimony that beverage giant Ambev SA made "inappropriate payments" to former presidents Luiz Inácio Lula da Silva and Dilma Rousseff, according to a newspaper report. Brazilian newspaper Estado de S. Paulo, citing confidential court documents, said former Finance...
BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive as the head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after Bolsonaro publicly criticized him. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government and later was...
BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive to as the new head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after he was publicly criticized by Bolsonaro. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government...
Brazil's thriving fintech sector has managed to defy the country's political and economic turmoil.
"This was not something that happened by surprise. It had a clear goal," former Brazilian President Dilma Rousseff says.
Mario Garnero, chairman and founder of Brasilinvest, discusses the fight against corruption in Latin America.
Eike Batista, once Brazil's richest man, was detained in connection to charges including an alleged $16 million bribe to a former governor.
Brazil continues to deliver hefty returns on its stocks, even weathering a deep economic downturn.
Brazilian equities continued their climb higher on Monday, hitting their highest level in more than four years.
Brazil cut interest rates for the first time in four years on Wednesday, opting for a modest 25 basis-point reduction to launch an easing cycle.
Brazil's former president Luiz Inacio Lula da Silva will stand trial on corruption charges, a crusading federal judge ruled on Tuesday.
The removal of Dilma Rousseff from the presidency of Brazil is unlikely to speed up the country’s recovery from a severe recession, economists say.
Brazil's Senate ousted President Dilma Rousseff on Wednesday, ending an impeachment process that polarized Latin America's biggest country.
Brazil's new administration needs to do more on the fiscal policy front to help anchor inflation, says Roubini Global Economics's Rachel Ziemba.
As expected, Brazilian President Dilma Rousseff has been removed from office by the Brazilian Senate. CNBC's Seema Mody reports.
Brazil's President Dilma Rousseff has been removed from office by Senate, CNBC's Michelle Caruso-Cabrera reports.
Brazil is set for new leadership, says Benat Bilbao-Osorio, regional director for Latin America and the Caribbean at The Economist Intelligence Unit.