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Business South America

  • BRASILIA, Sept 14- Brazil's federal police conducted a raid and search operation at the house of Agriculture Minister Blairo Maggi in Brasilia, related to an ongoing bribery and graft scandal, a person with direct knowledge of the situation said on Thursday. According to the source, the raid is linked to a plea deal by former Mato Grosso state governor Silval...

  • BRASILIA, Sept 13- Congressmen from Brazil's Social Democratic Party on Wednesday invited Finance Minister Henrique Meirelles to run for president in 2018, growing the list of potential contenders from within President Michel Temer's fragmented coalition. Other potential contenders being floated by ruling parties include Sao Paulo state governor...

  • SAO PAULO, Sept 13- Brazil's federal police on Wednesday arrested the chief executive of JBS SA, the world's No. 1 meatpacker, accusing him of insider trading ahead of a plea bargain he signed this year whose disclosure pummeled the company's stock. The accusations could hurt a plea deal that both brothers signed in May in relation to a three-year graft probe that...

  • 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- 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...

  • 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...

  • SAO PAULO, Sept 13- Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista early on Wednesday, as an investigation into his and his younger brother's role in potential insider trading ahead of a plea bargain deal with prosecutors escalated, two people with knowledge of the matter said. Earlier in the day, police issued a preventative...

  • SAO PAULO, Sept 13- Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista early on Wednesday, in connection with an investigation into his and his brother's role in an escalating corruption scandal, the website of Veja magazine said. According to Veja, which did not say how it obtained the information, police also conducted raids and...

  • SINGAPORE, Sept 13- Chicago corn futures rose on Wednesday after suffering its biggest one-day decline in almost a month while soybeans gained ground following a four-session losing streak with bargain-buying supporting the market. A surprise increase in the forecast for U.S. corn and soybean yields by the U.S. Department of Agriculture is unlikely to...

  • PARIS, Sept 12- Venezuela's government and opposition will hold a round of talks in the Dominican Republic on Wednesday, France's foreign minister said on Tuesday, warning Caracas that it risked EU sanctions if it failed to engage in negotiations. "I was happy to learn that dialogue with the opposition would restart tomorrow in the Dominican Republic," Jean-Yves...

  • PARIS, Sept 12- Venezuela's government and opposition will hold a round of talks in the Dominican Republic on Wednesday, France's foreign minister said on Tuesday, warning Caracas that it risked EU sanctions if it failed to engage in negotiations. Venezuela has been convulsed by demonstrations against leftist President Nicolas Maduro, accused by critics of...

  • PARIS, Sept 12- Venezuela's government and opposition will hold a round of talks in the Dominican Republic on Wednesday, France's foreign minister said on Tuesday, warning Caracas that it risked EU sanctions if it failed to engage in negotiations. Venezuela has been convulsed by demonstrations against leftist President Nicolas Maduro, accused by critics of...

  • 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...

  • SAN JUAN, Puerto Rico, Sept 11- Food shortages and looting on Caribbean islands hammered by Hurricane Irma sparked growing criticism of the government response, prompting British billionaire Richard Branson to call for a "Marshall plan" to help the region recover. Across the whole of the Caribbean, Irma killed nearly 40 people and devastated basic services,...