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Updated: 3 hours 28 min ago

Brazil's BM&FBovespa stock, derivatives transactions fall in Feb

6 hours 2 min ago
Equities and derivatives trading at Brazil's sole exchange operator BM&FBovespa SA showed a slight recovery in February from the prior month, amid challenging political and economic conditions in Latin America's largest economy. Trading patterns in Brazil's financial markets have remained mixed since late last year, when a steep deterioration of economic activity and rising political tension in ...

Petrobras scandal threatens to tear apart Brazil ruling coalition

7 hours 27 min ago
Brasília (AFP) - With Brazil's Supreme Court set to grill a clutch of politicians, a snowballing multibillion-dollar graft scandal enveloping state oil giant Petrobras threatens to tear apart the ruling coalition. President Dilma Rousseff won re-election just four months ago, her top priority the revitalization of a flailing economy hamstrung by four straight years of low growth. The ...

Brazil's Rousseff races to contain Congress revolt over austerity

9 hours 45 min ago
By Anthony Boadle and Alonso Soto BRASILIA (Reuters) - Brazilian President Dilma Rousseff raced on Wednesday to defuse a rebellion by legislators upset about her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras. Rousseff met with legislative leaders from her coalition after they unexpectedly threw out a presidential decree that would have raised ...

Brazil government to appeal deportation of Cesare Battisti

11 hours 10 min ago
SAO PAULO (AP) — Brazil's solicitor general's office said Wednesday it will appeal a judge's recent ruling that former Italian militant Cesare Battisti should be deported in a reversal of a 2010 ruling granting him asylum in Latin America's biggest country.

Brazil securities watchdog aims to sharpen focus on governance

12 hours 20 min ago
Brazil's securities industry watchdog, CVM, must sharpen its focus on corporate governance as well as detect and punish those breaking capital markets rules more quickly if it is to boost its credibility, a director on CVM's board said on Wednesday. In his first speech as a CVM director, Pablo Renteria said the watchdog must fine-tune penalties, including updating the value of fines. Improving ...

Brazil Police Say Woman Helped US Sect Leader Avoid Arrest

12 hours 33 min ago
Brazil police say woman described as 'longtime friend' helped US cult leader elude authorities

Brazil's Rousseff races to contain Congress revolt over austerity

13 hours 47 min ago
By Anthony Boadle and Alonso Soto BRASILIA (Reuters) - Brazil President Dilma Rousseff on Wednesday raced to defuse a rebellion by legislators upset about her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras. Rousseff met with legislative leaders from her coalition after they unexpectedly threw out a presidential decree that would have raised ...

Brazil's Rousseff races to contain Congress revolt over austerity

16 hours 27 min ago
Brazil President Dilma Rousseff on Wednesday raced to defuse a rebellion by legislators upset about her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras.

Brazil in huge ‘oil kickback’ probe

Tue, 03/03/2015 - 7:40pm
Brazil's chief prosecutor seeks to investigate 54 people, including politicians, for alleged involvement in a kickback scheme at state oil firm Petrobras.

Investigation of politicians sought in Brazil graft scandal

Tue, 03/03/2015 - 7:01pm
RIO DE JANEIRO (AP) — The inquiry into the biggest corruption scandal yet uncovered in Brazil entered an expansive new phase, as the attorney general formally requested the Supreme Court's permission to open investigations against 54 people, most expected to be top political figures.

Investigation of politicians sought in Brazil graft scandal

Tue, 03/03/2015 - 7:01pm
The inquiry into the biggest corruption scandal yet uncovered in Brazil entered an expansive new phase, as the attorney general formally requested the Supreme Court's permission to open investigations ...

Brazil seeks to investigate 54 politicians in Petrobras scandal

Tue, 03/03/2015 - 4:11pm
BRASILIA, Brazil – A prosecutor in Brazil has asked the Supreme Court to investigate 54 politicians over a massive graft case that has rocked Petrobras, the South American nation's largest corporation. "There have been 28 requests for new investigation files... which involve 54 politicians who have immunity," a spokesman for ...

Brazil: Inquiry sought for politicians in graft scandal

Tue, 03/03/2015 - 3:37pm
RIO DE JANEIRO (AP) — Brazil's attorney general on Tuesday asked the Supreme Court for permission to investigate 54 people, the majority top political figures, for alleged involvement in what prosecutors say is the country's largest corruption scandal yet uncovered.

Brazil: Investigation sought for 54 pols in kickback scandal

Tue, 03/03/2015 - 2:12pm
Brazil's attorney general on Tuesday asked the nation's Supreme Court for permission to investigate 54 top political figures for alleged involvement in what prosecutors say is the country's largest corruption ...

Brazil judge orders deportation of Italian extremist

Tue, 03/03/2015 - 1:33pm
Brasília (AFP) - A Brazilian federal judge on Tuesday ordered the deportation of Italian extremist and writer Cesare Battisti, convicted of murder in his homeland, citing legislation providing for the removal of wanted foreign nationals. The judge added that Battisti, 60, should either be deported to Mexico or France, having spent time in both countries before seeking refuge in Brazil in 2004 ...

Brazil receives macaw pair from Germany

Tue, 03/03/2015 - 12:57pm
A pair of endangered blue macaws of the kind made famous by the hit animated "Rio" movies arrived in Brazil from Germany on Tuesday as part of a drive to ensure the bird's survival. The two spix's macaws -- among only 92 of the birds known to exist worldwide -- were shipped to Sao Paulo, a spokesman for the Chico Mendes environmental institute for Biodiversity Conservation (ICMBio) said. "They ...

Brazil's Senate resists Rousseff's austerity push

Tue, 03/03/2015 - 12:54pm
Brazil's Senate on Tuesday threw out a presidential decree that reduces payroll tax breaks for businesses, in a political setback for President Dilma Rousseff's new fiscal austerity crusade. The Senate's president Renan Calheiros said the matter was not urgent and should be presented to Congress in a bill rather than a temporary decree that bypasses lawmakers. Rousseff immediately responded by ...

Brazil sees banks agreeing on $1 bln loan to utilities this month

Tue, 03/03/2015 - 12:10pm
Brazil's mines and energy minister, Eduardo Braga, said on Tuesday that a group of commercial lenders could agree on terms of a 3.15 billion real ($1.07 billion) loan to electricity distribution companies as early as this month. About a dozen local and foreign banks met with government officials and representatives from the utilities on Monday in Sao Paulo to discuss potential terms for the ...

Brazil judge orders deportation of Cesare Battisti

Tue, 03/03/2015 - 12:04pm
SAO PAULO (AP) — A Brazilian judge Tuesday ordered the deportation of former Italian militant Cesare Battisti, reversing a 2010 ruling granting him asylum in Latin America's biggest country.

Brazil auto dealers predict steepest sales drop in 16 years

Tue, 03/03/2015 - 7:04am
Automobile sales in Brazil this year are expected to post their biggest drop in 16 years, national dealership association Fenabrave said on Tuesday, underscoring the depths of an industry crisis that has triggered layoffs and trade tensions.