Former President Lula da Silva told a Brazilian court on Wednesday that the corruption charges against him stem from a witch hunt and questioned the impartiality of the judge. Lula's deposition in Curitiba was the second time he faced off with Judge Sergio Moro, who oversees Brazil's sprawling investigation into bribes to politicians in return for favors to companies.
Brazil’s federal police detained the CEO 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 brother Joesley Batista for suspected insider trading.
Brazil's 2016/2017 crop is expected to reach 238.7 million tons which is 28% higher than the previous year, because of better climate conditions and improved productivity, according to Conab, the country's agriculture stats and food supply company. This includes 114 million tons of soybeans and 97.71 million tons of corn.
Brazilian aeronautical company Embraer plans to analyze the possibility of building a factory in China to manufacture jet aircraft for the commercial aviation segment, the company’s chief executive said.
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.
Brazil's central bank slashed its key interest rate this week by a full percentage point to 8.25%, the eighth consecutive cut as the country slowly exits a painful recession. The one percentage point fall in the base Selic rate had been predicted by markets and matched a previous cut in July.
With a robust Harvest Plan coupled with support and development tools organized by the government, Brazil’s agriculture and livestock sector is expected to generate record wealth for Brazil in 2017. Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 30 billion (some US$ 10bn) to the country's GDP.
A former finance minister and close confidant of Brazil’s Lula da Silva accused the ex-president of receiving bribes from contractor Odebrecht, adding to a list of corruption accusations that threaten Lula’s ability to run for president in 2018.
Brazil’s top prosecutor on Tuesday charged former Presidents Lula da Silva and Dilma Rousseff along with fellow Workers Party members with forming a criminal organization, the latest accusations in Brazil’s sprawling corruption scandal
Brazilian President Michel Temer faces a tougher battle to quash an imminent second corruption charge because he has lost support among disgruntled members of his governing coalition in Congress, the country's lower house speaker said.