×

Food and Beverage Food Products

  • SAO PAULO, Sept 13- Certain units of JBS SA, the worlds largest meatpacker, on Wednesday suspended cattle purchases temporarily following the arrest of Chief Executive Wesley Batista, a source familiar with the matter said. Ranchers said the company "had no price to offer" after reaching out to JBS buyers at the plants of Juara and Pontes e Lacerda, in the state of...

  • SAO PAULO, Sept 13- Certain units of JBS SA, the worlds largest meatpacker, have suspended cattle purchases temporarily following the arrest of Chief Executive Wesley Batista, a source told Reuters on Wednesday on condition of anonymity because of the sensitivity of the issue. Ranchers said, according to the source, the company "had no price to offer" after...

  • Temer and his coalition allies in Congress are confident they can block a second corruption charge that Brazil's top prosecutor, Rodrigo Janot, is expected to file against the president by the end of the week. Yet as long as Temer is in office, any charges against the president must be approved by the lower house of Congress in which he has retained enough backing...

  • SAO PAULO, Sept 13- Brazil's federal police on Wednesday detained the chief executive of JBS SA, the world's No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain he signed earlier this year. The accusations could hurt a plea deal that both brothers signed in May in relation to a three-year graft probe that has shocked...

  • SAO PAULO, Sept 13- The president of Brazil's state development bank BNDES said that "the time has come for Brazilian to redeem their investments" in JBS SA, the scandal-ridden meatpacker in which the lender's investment arm has a 21 percent stake. BNDES President Paulo Rabello de Castro made the remarks in his verified Twitter account, without elaborating.

  • SAO PAULO, Sept 13- Latin American currencies weakened on Wednesday after U.S. producer prices rebounded in August, sparking bets on accelerating inflation that could drive the Federal Reserve to raise U.S. interest rates again this year. Brazil's benchmark Bovespa stock index rose 0.2 percent, but stayed off all-time highs reached on Tuesday.

  • SAO PAULO, Sept 13- Brazil's federal police on Wednesday detained the chief executive officer of JBS SA, the world's No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained under an arrest warrant against him and his younger...

  • *Dana Gas buoyant again in Abu Dhabi. *Egypt's El Sewedy Electric up on new contracts, dividend. DUBAI, Sept 13- Shares of Saudi Arabia's top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar's bourse closed at a 52- month low as foreign funds continued to exit.

  • SAO PAULO, Sept 13- The billionaire Batista brothers saved as much as 138 million reais through insider trading in May, when their investment vehicle sold shares of meatpacker JBS SA before signing a plea bargain deal that sent the stock plunging, Brazilian police said on Wednesday.

  • SAO PAULO, Sept 13- Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista on Wednesday, as an investigation escalated into the role played by him and his younger brother in suspected insider trading ahead of a plea bargain deal with prosecutors. The disclosure of their plea bargain testimony, which involved key politicians, led to...

  • SAO PAULO— Former President Luiz Inacio Lula da Silva told a Brazilian court Wednesday that the corruption charges against him stem from a witch hunt and questioned the impartiality of the judge. Silva's deposition in the southeastern city of Curitiba was the second time he faced off with Judge Sergio Moro, who oversees the country's sprawling investigation...

  • The European Union is the second-largest palm oil export destination after India for both Malaysia and Indonesia, which dominate production in a global market worth at least $40 billion. Threatened by crumbling demand in Europe, the industry is waging a public relations battle and pushing producers to enter more price-sensitive markets, where Indonesia...

  • The two high-intensity hurricanes, which made landfall in the U.S. over the past two weeks, have killed dozens and damaged thousands of homes in Texas and Florida. Dunkin' Donuts could lose some $17 million in sales if all its stores in the storm-ravaged states of Florida and Texas are shut for a week, according to Cowen& Co. That would amount to a little more than 10...

  • Whole Foods' foot traffic surges over 25 percent

    The volume of shoppers in stores was compared to the prior Monday and Tuesday, Foursquare said.

  • Smithfield Foods will leave Richard Petty Motorsports at the end of the season to become a primary sponsor next year at Stewart-Haas Racing. CHARLOTTE, N.C.— Smithfield Foods will leave Richard Petty Motorsports at the end of the season to become a primary sponsor next year at Stewart-Haas Racing. SHR currently fields cars for Kevin Harvick, Kurt Busch, Danica...

  • BRASILIA, Sept 11- A Brazilian judge on Monday suspended criminal aspects of the leniency agreement of J&F Investimentos SA, a holding company run by the scandal-ridden Batista family, adding to uncertainty about billions of dollars of asset sales. Federal Judge Vallisney de Souza Oliveira held up the criminal immunity of additional J&F executives until the...

  • BRASILIA, Sept 11- A Brazilian judge on Monday suspended criminal aspects of the leniency agreement of J&F Investimentos SA, a holding company run by the scandal-ridden Batista family, adding to uncertainty about billions of dollars of asset sales. Federal Judge Vallisney de Souza Oliveira held up the criminal immunity of additional J&F executives until the...

  • BRASILIA, Sept 11- A Brazilian judge on Monday suspended the leniency agreement of J&F Investimentos SA, a holding company run by the scandal-ridden Batista family, throwing billions of dollars of asset sales into question. Federal Judge Vallisney de Souza Oliveira held up J&F's accord until the Supreme Court makes a final ruling on Joesley Batista's plea...

  • SAO PAULO, Sept 11- A Brazilian judge on Monday fully suspended a leniency accord for J&F Investimentos SA, the holding company with which the billionaire Batista family controls meatpacker JBS SA, according to a court document.

  • SAO PAULO/ BRASILIA, Sept 11- Brazil's government intends to approve its proposed pension overhaul in the lower house of Congress in October, prioritizing it over a possible tax reform in the tight schedule ahead of the 2018 election year, ministers said on Monday. The pension overhaul, considered vital by the government to avoid an eventual debt crisis, has been...