SAO PAULO Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil’s currency market and will receive no punishment in the case, a local newspaper reported on Friday. The investigation, which involv... More »
WASHINGTON President Barack Obama and Brazilian President Dilma Rousseff are set to meet at the White House on Tuesday during a visit aimed at bolstering economic ties and turning the page on a spying scandal. The two leaders will follow a morning meeting in t... More »
SAO PAULO Banco Bradesco SA, Brazil’s No. 2 private-sector bank, will make a binding offer to buy HSBC Holdings Plc’s Brazilian unit next month, the newswire service of O Estado de S. Paulo newspaper said on Wednesday. The newswire, Agência Estado, said that B... More »
BEIJING A bigger-than-expected slide in China’s imports in May strengthened expectations more policy stimulus may be needed to avert a sharp slowdown in the world’s second-largest economy. Economists say persistent weakness in the country’s imports point to a ... More »
LONDON With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor. The 19-member currency... More »
LONDON (Reuters) – Consumer goods maker Unilever (ULVR.L) says its brands that most fully embrace its CEO’s passion for sustainability perform the best, adding fuel to its oft-repeated argument that social responsibility is good for business. Of the more than ... More »
SAO PAULO (Reuters) – Recent setbacks for prosecutors in a huge corruption scheme at Brazil’s state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court’s decision last week to release fro... More »
BERLIN/FRANKFURT (Reuters) – Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources clos... More »
LONDON (Reuters) – Most central banks have been easing policy since the start of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Several mee... More »
PARIS (Reuters) – Lafarge (LAFP.PA) and Holcim (HOLN.VX) have appointed long-time Lafarge executive Eric Olsen as the chief executive of their combined company once their merger is completed, the two groups said in a statement on Thursday. The post was a key s... More »
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) agreed to buy smaller rival BG Group (BG.L) for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil (XOM.N) after a plu... More »
LONDON (Reuters) – Sometimes it takes little more than five people to put together a $70 billion oil mega-merger. Shell’s purchase of smaller rival BG, the third largest oil and gas merger ever, was prompted by a phone call on a Sunday in the middle of March b... More »
JAKARTA (Reuters) – An Indonesian court rejected on Monday a last-ditch challenge by Australian drug convict Andrew Chan, who is facing execution by firing squad, a verdict the attorney general’s office said left him with no further legal avenues to avoid the ... More »
WASHINGTON (Reuters) – The U.S. government would support selling General Atomics’ electromagnetic launching system for aircraft carriers, and other key technologies, to India, the Pentagon’s chief weapons buyer told Reuters on Friday. Defense Undersecretary Fr... More »
SAO PAULO (Reuters) – Brazil’s tax watchdog opened a probe on whether about a dozen people involved in the Petrobras corruption scandal also allegedly had undeclared accounts with HSBC Holdings Plc’s private bank in Switzerland, two sources with knowledge of t... More »
MEXICO CITY/WASHINGTON (Reuters) – Grappling with tumbling auto sales and weak economic growth, Brazil wants to renew an auto quota pact with Mexico that is set to expire in March, a move that could stoke trade tensions. A treaty between the two nations and au... More »
NEW YORK/SAO PAULO (Reuters) – A director of U.S. nutrition company Herbalife is among 12 people charged in a years-old Brazilian embezzlement case that has never been mentioned in Herbalife public disclosures, according to court documents and company filings.... More »
NEW YORK (Reuters) – Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country’s downside risk is priced in after the sharp selloff over the past two months. “Yes,... More »
BRASILIA (Reuters) – Incumbent President Dilma Rousseff pulled ahead again in a new poll ahead of Brazil’s presidential election and she appears to be the favorite to win Sunday’s runoff although the vote is still too close to call. The Datafolha poll, release... More »
SAO PAULO (Reuters) – Brazil’s economy has stagnated and will remain weak well into 2015 but its big private-sector banks are poised to safely weather the downturn thanks to a cautious business model that keeps a lid on risky lending and costs. Latin America’s... More »
RIO DE JANEIRO (Reuters) – Brazil’s President Dilma Rousseff faces a tough election runoff against her pro-business rival, Aecio Neves, after he rode a dramatic late surge and won strong support in the first round of voting on Sunday. Neves, a former two-term ... More »
PARIS/LONDON/MILAN (Reuters) – Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry. Winning the auction for French me... More »
MADRID (Reuters) – Telefonica will offer Vivendi a television content-sharing deal alongside its bid for Vivendi’s Brazilian broadband telecoms business GVT, taking its overall offer to around 7 billion euros ($9.4 billion), a source said on Monday. The Spanis... More »
BRASILIA (Reuters) – Environmentalist Marina Silva could defeat President Dilma Rousseff if Brazil’s October election goes to a second-round run-off, according to a new poll that saw the challenger entering the race in second place. Silva, now with support of ... More »
(Reuters) – U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Companies ranging from Ford Motor Co to 3M Co and Caterpillar Inc report... More »
NEW YORK (Reuters) – A family portrait by Colombian artist Fernando Botero and works by Uruguayan artist Joaquin Torres-Garcia and Brazilian sculptress Lygia Clark led Latin American art auctions in New York. Christie’s sold a total of $17.6 million and Sotheb... More »
LONDON (Reuters) – The risk of an outbreak of dengue fever during the upcoming soccer World Cup in Brazil is serious enough to warrant a high alert in three of the 12 host cities, according to an early warning system for the disease. Scientists who developed t... More »
MADRID/SAO PAULO (Reuters) – Banco Santander SA (SAN.MC ) launched a 4.7 billion euro ($6.5 billion) offer on Tuesday for the 25 percent of its Brazilian unit it does not already own, giving investors a chance to gain exposure to a budding recovery of the euro... More »
MADRID/SAO PAULO (Reuters) – Banco Santander SA (SAN.MC ) launched a 4.7 billion euro ($6.5 billion) offer on Tuesday for the 25 percent of its Brazilian unit it does not already own, giving investors a chance to gain exposure to a budding recovery of the euro... More »
LOS ANGELES/NEW YORK (Reuters) – Marvel’s red-white-and-blue superhero soared to a second straight box office win in “Captain America: The Winter Soldier,” beating out new animated movie “Rio 2,” the story of a family of Brazilian birds on a trip to the Amazon... More »
NEW YORK/SAO PAULO (Reuters) – Brazil’s securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA’s 6 billion real ($2.7 billion) share offering, paving the way for the Brazilian telecommunications company’s merger with Portugal Telecom SG... More »
NEW YORK (Reuters) – In teaming up with Cargill to create the world’s largest sugar trader last week, Brazil’s Copersucar has joined a small but growing club of national resource champions steadily transforming the commodities landscape. In the boldest interna... More »
SAO PAULO (Reuters) – Fixed-income instruments in Brazil are trading currently at attractive prices for investors with a long-term focus, a senior fund manager at Pacific Investment Management Co said on Tuesday, a fact validated by a spike in investment inflo... More »
MADRID (Reuters) – Brazil’s antitrust watchdog has given Telefonica 18 months to comply with a ruling to loosen its grip on the Brazilian mobile market, sources said, time which may help the Spanish group ward off a growing rebellion over its strategy. Brazili... More »
BRASILIA (Reuters) – A Chinese-Brazilian satellite launched by China on Monday failed to reached its planned orbit and likely fell back to Earth, Brazil’s Ministry of Science said. The satellite was the fourth in a series designed to monitor land use in Brazil... More »
BUENOS AIRES (Reuters) – Argentina’s recent Cabinet shuffle has smoothed trade friction between South America’s two largest economies and clears the way for a united proposal for free trade with the European Union, Brazilian Trade Minister Fernando Pimentel sa... More »
BRASILIA (Reuters) – Brazil antitrust watchdog Cade ruled on Wednesday that Spain’s Telefonica SA must exit its direct and indirect stake in wireless carrier TIM Participações SA or seek a new partner for its Vivo mobile phone unit. In a meeting that took plac... More »
RIO DE JANEIRO (Reuters) – OGX Petróleo e Gas Participações SA, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday in Latin America’s largest-ever corporate bankruptcy filing. The bankru... More »
RIO DE JANEIRO (Reuters) – Brazil´s top biomedical research and development center announced plans on Monday to produce a combined measles and rubella vaccine for developing countries, mainly in Africa. The first Brazilian vaccine developed specifically for ex... More »
BRASILIA (Reuters) – Brazilian President Dilma Rousseff demanded on Monday that Canada explain a media report that said it spied on the Brazilian mines and energy ministry, and she called on the United States and its allies to stop spying over the Internet. A ... More »
SAO JOSE DOS CAMPOS, Brazil (Reuters) – For decades Brazilian planemaker Embraer SA has kept its head down, shying away from larger aircraft in competition with industry giants that its executives called the “big dogs.” A military cargo plane trundling down th... More »
SAO PAULO (Reuters) – Angered by reports that the U.S. government spied on her and other Brazilians, President Dilma Rousseff is pushing new legislation that would seek to force Google, Facebook and other internet companies to store locally gathered data insid... More »
RIO DE JANEIRO/SAO PAULO (Reuters) – The U.S. government tapped into computer networks of companies including Google Inc. and Brazilian state-run oil firm Petroleo Brasileiro SA, according to leaked U.S. documents aired by Globo, Brazil’s biggest television ne... More »
SAO PAULO (Reuters) – The U.S. National Security Agency spied on the communications of the presidents of Brazil and Mexico, a Brazilian news program reported, a revelation that could strain U.S. relations with the two biggest countries in Latin America. The re... More »
RIO DE JANEIRO (Reuters) – Pope Francis arrived in Brazil on Monday on his first foreign trip as pontiff and was swarmed by well-wishers as he drove into Rio de Janeiro, where more than one million people are expected to gather to see the first Latin American ... More »
BRASILIA (Reuters) – The Brazilian Congress will investigate the billions of dollars spent on soccer stadiums for next year’s World Cup, one of the main complaints that fueled massive street protests last month against the country’s political establishment. La... More »
SÃO JOÃO DA BARRA, Brazil (Reuters) – As Brazilian billionaire Eike Batista breaks up his crumbling EBX Group industrial empire to pay off debt, one of the few assets he’s expected to keep is port-development company LLX Logística SA. But raising the more than... More »
BRASILIA/BELO HORIZONTE (Reuters) – Tens of thousands of Brazilians took to the streets on Wednesday in new demonstrations calling for a crackdown on corruption and better public services, just a day after Congress ceded to some of the key demands galvanizing ... More »
BERNE (Reuters) – Brazilian anger against the cost of staging the World Cup could undermine the argument that host countries benefit from sporting mega-events as they become too big for most countries to handle. UEFA’s idea of splitting the Euro 2020 champions... More »
LONDON (Reuters) – Some 165 million children worldwide are stunted by malnutrition as babies and face a future of ill health, poor education, low earnings and poverty, the head of the United Nations children’s fund said on Friday. Anthony Lake, executive direc... More »
