Tag: Brazil

Wednesday, November 26th 2014 - 06:39 UTC
US Securities & Exchange Commission investigating Petrobras corruption scandal

Brazil’s state-run oil firm Petrobras said on Monday it had received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing. The SEC investigation is the latest in a multi-layered probe into Petrobras which is spreading beyond Brazil’s borders.
Monday, November 24th 2014 - 07:14 UTC
Brazil's JBS purchases leading ham and bacon supplier in Australia

Brazil's JBS, the world's biggest meat group, beefed up its growth in Australia with the 1.25bn dollars purchase of Primo Smallgoods Group. JBS said that through its JBS Australia business, it had paid Aus$1.45bn in cash for the supplier of the likes of ham and bacon to Oceania.
Saturday, November 22nd 2014 - 09:19 UTC
Brazil committed to advance with EU/Mercosur trade negotiations

Brazil must speed international trade agreement negotiations, said cabinet chief Aloizo Mercadante, in direct reference to Mercosur and demanding an end to internal disputes.
Saturday, November 22nd 2014 - 06:07 UTC
Rousseff expected to announce proven fiscal hawk as Finance minister

Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.
Friday, November 21st 2014 - 08:50 UTC
Petrobras case revealing the extent of corruption in Brazil's political system

The lawyer of the Brazilian lobbyist Fernando Baiano, who was finally arrested in an ongoing investigation into corruption at state oil company Petrobras, has said that “no public work is done in Brazil without a bribe” and that the people who deny allegation of corruption “ignore the country’s history.”
Thursday, November 20th 2014 - 05:05 UTC
Former Brazilian minister blames Argentina for lack of EU/Mercosur trade accord

A former Brazilian Development minister and currently member of the board of BRF, one of the world's leading food corporations, Luiz Fernando Furlan said Brazil is far away from world trade agreements and urgently needs to review policies in this area, including participation in Mercosur.
Wednesday, November 19th 2014 - 08:06 UTC
Brazil's economy growth forecast could have reached a positive inflection point

Private sector analysts raised their 2014 growth forecast for Brazil's economy to 0.21% from 0.20% last week, the Central Bank said on Monday. But analysts left their 2015 gross domestic product (GDP) growth estimate unchanged at 0.80%, the Central Bank said. However it is expected the latest forecast could mean the beginning of the end to the sustained several years slide and an inflection point.
Tuesday, November 18th 2014 - 11:19 UTC
Bolivia confident Mercosur incorporation process will be ironed out at the next summit

Bolivia trusts that at the coming Mercosur summit in Argentina it can advance in solving the “technical-legal” difficulties that are delaying the country's full membership of the trade and political group. Allegedly one of the main differences rests in neighboring Paraguay and how it would accept Bolivia's incorporation.
Tuesday, November 18th 2014 - 08:22 UTC
Rousseff pledges that Petrobras corruption case “will change the country forever”

Brazil's President Dilma Rousseff said investigations into corruption at the state-owned oil company, Petrobras, could change the country forever. This was the first time she spoke since the arrest on Friday of 23 people suspected of corruption and money-laundering.
Tuesday, November 18th 2014 - 06:12 UTC
China and Brazil confirm closer trade and investment ties

Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff in Australia on the sidelines of the G20 summit, calling for substantial progress in China-Brazil railway cooperation and further expanding trade and investment.