Brazil

Thursday, September 14th 2017 - 06:57 UTC
Brazilian billionaire brothers detained for suspected inside trading

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.
Wednesday, September 13th 2017 - 10:27 UTC
Brazil's 2016/17 crop reached 238.7 million tons: 114 million tons of soybean

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.
Tuesday, September 12th 2017 - 09:21 UTC
Brazil's air commercial industry considers building a factory in China

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.
Monday, September 11th 2017 - 10:21 UTC
Brazilian tycoon who implicated president Temer arrested for withholding information

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.
Saturday, September 9th 2017 - 19:54 UTC
Brazil's central bank slashes rate one full percentage point to 8.25%

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.
Friday, September 8th 2017 - 20:07 UTC
Agriculture has become the most productive sector of the Brazilian economy

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.
Friday, September 8th 2017 - 09:09 UTC
End of the line: ex minister and confident claims Lula da Silva accepted US$ 100 million from Odebrecht

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.
Thursday, September 7th 2017 - 08:11 UTC
Top prosecutor accuses Lula and Dilma of forming a criminal organization

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
Wednesday, September 6th 2017 - 07:28 UTC
A weakened Temer faces a second corruption charge with a divided congress

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.
Wednesday, September 6th 2017 - 07:01 UTC
Rio 2016 Olympic Games, another can of worms, ...and of Olympic corruption

Brazilian and French authorities said on Tuesday they uncovered an international corruption scheme aimed at buying votes in awarding the 2016 Olympics. It is the latest allegation to tarnish the legacy of the Rio Games, the first Olympics in South America.