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Business South America

  • 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,...

  • RIO DE JANEIRO, Sept 11- Brazilian police on Monday launched an operation involving possible money laundering by the agricultural arm of Venezuela's state-run oil company PDVSA through imports of agricultural equipment from Brazil, authorities said. According to police, Venezuela's Tracto America, a trading company, bought agricultural equipment from...

  • SAO PAULO— Brazil's main stock market index closed at an all-time high Monday, an indication that investors feel the worst days of the country's economic slide could be over. Sao Paulo's Bovespa index rose 1.7 percent to 74,319 points, well above the previous record of 73,516 set May 20, 2008, when Brazil's economy was booming. The rise was fueled in part by Temer...

  • 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...

  • SAO PAULO/ BRASILIA, Sept 11- Brazilian federal police raided the home of billionaire Joesley Batista, who surrendered to authorities the previous day after losing immunity from prosecution amid a corruption scandal, two people familiar with the situation said on Monday. Federal Supreme Court Justice Edson Fachin gave the nod to the raids, which included the...

  • ALGIERS, Algeria— Venezuelan President Nicolas Maduro said at the end of a two-day visit to Algeria Monday that his country and the North African nation were working to achieve "equitable" oil prices. Algeria and Venezuela both are members of the Organization of the Petroleum Exporting Countries. Maduro also discussed bilateral relations with Algeria, which...

  • BRASILIA, Sept 10- Billionaire Joesley Batista, one of the owners of JBS SA, the world`s largest meatpacker, and executive Ricardo Saud surrendered on Sunday and were arrested by Brazilian police, their lawyer said. Batista and Saud went to federal police headquarters in Sao Paulo on Sunday afternoon and will be transferred to Brasilia on Monday, their lawyer,...

  • SAO PAULO— The former chairman of the world's largest meatpacker, whose testimony implicated Brazil's president in corruption, turned himself in to police Sunday after the country's Supreme Court ordered his arrest. But Brazil's sprawling probe into the massive trade in bribes and kickbacks for favors between companies and politicians, known as Operation...

  • BRASILIA, Sept 10- Brazil Supreme Court Justice Edson Fachin ordered on Sunday the arrest of billionaire Joesley Batista, one of the owners of the world`s largest meatpackers, JBS SA, and one of his executives, a person with knowledge of the matter said. Fachin agreed to a request by Brazil's Prosecutor-General Rodrigo Janot, who revoked benefits granted by a plea...

  • With Venezuela deep in recession and its currency reserves at their lowest in more than two decades, the Maduro government and state oil company PDVSA have to pay about $4 billion in debt and interest during the rest of 2017.. He reiterated Venezuela would keep honoring debt, but said he wanted to talk with bondholders affected by sanctions recently imposed by...

  • *AGC Energia could fetch 1.4 bln reais for stake. *Accord will be rewritten with entry of Classico. SAO PAULO, Sept 8- AGC Energia SA is in advanced talks to sell the 20.1 percent voting stake it holds in Cia Energética de Minas Gerais SA to investment bank Banco Classico SA, which could in turn be invited to share control of Brazil's No. 3 power utility, two people with...