Switzerland’s top prosecutor has opened more than 100 criminal proceedings tied to the so-called Carwash scandal in South America after some Swiss banks were used to funnel bribes from Odebrecht SA to ...
SpA is seeking to enter the Brazilian market with the help of EIG Global Energy Partners, a move by one of Europe’s largest gas-utility players to set foot in a new region. SA, or Petrobras, said a person familiar with the matter.
Shareholders with a combined 32.8 percent stake in Brazilian food processor BRF SA (BRFS3.SA) have agreed to jointly vote for 10 new members of the board of directors, led by Pedro Parente as chairman, BRF said on Thursday in a filing. Parente, chief executive officer of state-run oil firm Petrobras (PETR4.SA), on Wednesday accepted the invitation of the group to become chairman of BRF, opening the way for a swift resolution to the troubled company's leadership dispute. BRF shareholders will vote on the election of new board members on April 26.
Brazil's state-controlled oil company Petroleo Brasileiro SA on Thursday received three binding bids for its gas pipeline network company TAG, three sources with knowledge of the matter said. The bids were from groups led by Australia's Macquarie Group , United Arab Emirates' sovereign wealth fund Mubadala Development Co and France's power company Engie SA , the sources said.
SAO PAULO/MEXICO CITY, April 19 (Reuters) - Latin American currencies fell against the dollar on Thursday, with the Mexican peso posting the strongest fall, as traders took advantage of an opportunity to make a technical correction amid continued political uncertainty. The peso fell 2.01 percent against the dollar just days after reaching its strongest level since September as investors banked on improved odds of a new North American Free Trade Agreement being signed. Traders in Mexico continue to be spooked by the strong performance in opinion polls by leftist Andres Manuel Lopez ...
The European Union intends to ban imports from 12 Brazilian plants operated by food processor BRF SA, which were previously authorized to export meat to the bloc, according to a draft document of the decision seen by Reuters on Thursday. It was not immediately clear whether the draft document was amended after a committee of the European Commission discussed the matter. European Union states unanimously voted on Thursday to ban imports of the Brazilian meat products, mostly poultry, but the EC declined to reveal the names of the companies affected until the decision is formally ...
RIO DE JANEIRO (Reuters) - Petrobras Chief Executive Pedro Parente said on Thursday that any partnership in refining the company agrees to seal would likely be signed only next year, due to the complexity ...
A Brazilian trade group said 12 plants operated by food company BRF SA have been targeted by a European Union ban on poultry imports from the South American country. Ricardo Santin, vice president of markets ...
The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of BRF S.A. (BRFS) who purchased shares between April 4, 2013 and March 2, 2018. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
Latin American currencies fell against the dollar on Thursday, with the Mexican peso and Brazilian real posting the strongest falls, as traders took advantage of an opportunity to make a technical correction ...
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against BRF S.A. (''BRF'' or the ''Company'') (NYSE: BRFS) and ...
Brazil's state-run oil company Petroleo Brasileiro SA is considering selling 60 percent stakes in two regional blocks comprising four refineries, and keeping full ownership of nine other units, it said in a securities filing on Thursday. Petrobras, as the company is known, is considering the sale of a 60 percent stake in two blocks of refineries in the Northeastern and Southern regions. Each block would have two refineries and logistical assets, and Petrobras would keep a minority stake.
Mexico has banned federal institutions and state governments from doing business with Brazilian construction firm Odebrecht SA for the next 2-1/2 years, and fined the company around $60 million, the government said. State bodies are prohibited from "participating in federal public contracts or any contract with Construtora Norberto Odebrecht S.A.," the government's official gazette said late on Tuesday. Two units of the Brazilian company had each been fined 543.5 million pesos ($30.1 million), a government document showed.
Pedro Parente, lauded for turning around Brazil’s state-oil giant Petrobras SA, agreed to become chairman of struggling food conglomerate BRF SA, a breakthrough that may end several weeks of fighting among shareholders over who will sit on its board. The 65-year-old chief executive officer, who was previously a government minister and top manager at crop trader Bunge Ltd., has been brought in by BRF’s current chairman, billionaire Abilio Diniz, in an attempt to pull the company out of an unprecedented crisis. Pension funds Previ and Petros, which together own about 22 percent of BRF, have ...
