Brazil
Brazil's Temer to sue billionaire foe over graft accusations
BRASILIA/SAO PAULO Brazilian President Michel Temer denied allegations made by a billionaire businessman in a magazine interview published on Saturday that he led a corruption scheme in which politicians squeezed high-profile executives for bribes, and vowed to sue the businessman.
Brazil's Temer led graft scheme, billionaire tells Época magazine
SAO PAULO Brazilian President Michel Temer led a corruption scheme in which lawmakers squeezed high-profile executives for bribes, billionaire Joesley Batista told magazine Época in an interview published on Saturday.
ISS, Glass Lewis approve restructuring at Brazil's Vale: source
RIO DE JANEIRO/SAO PAULO Consulting firms ISS and Glass Lewis have given a nod of approval to a restructuring plan for Brazilian miner Vale SA , boosting the chances of shareholder approval, a source said on Wednesday.
Rio 2016 price tag rises to $13.2 billion
RIO DE JANEIRO The cost of last year's Rio Olympics has risen to 43.3 billion reais ($13.2 billion), around 14.5 billion reais more than originally planned, according to figures published by the federal agency for Olympic legacy (AGLO) on Wednesday.
Brazil court clears Bradesco CEO in tax probe, shares jump
SAO PAULO A Brazilian court has cleared Banco Bradesco SA Chief Executive Officer Luiz Carlos Trabuco of trying to illegally dodge a tax fine of 3 billion reais ($911 million), spurring the biggest jump in shares of the nation's No. 3 bank in a month.
Brazil's Temer to back refinancing of $15 billion owed by states: sources
RIO DE JANEIRO Brazil's President Michel Temer has signaled his support for a plan to refinance 50 billion reais ($15 billion) owed by state governments to the development bank BNDES, alongside the securitization of some of their debt to the National Treasury, three people familiar with the plan said on Wednesday.
Inside Amazon reserve, high-end chocolate thrives with forest
ARAPIXI NATURE RESERVE, Brazil (Thomson Reuters Foundation) - With a cigarette in one hand and a muddy machete in the other, Brazilian grandmother Maria Nobre de Oliveira thinks high-end chocolate will help end the epidemic of deforestation ravaging Amazon communities like hers.
Brazil's JBS shareholder Joesley Batista returns to Brazil
SAO PAULO Brazil's JBS SA shareholder Joesley Batista, who secretly recorded a conversation with President Michel Temer as part of a plea deal with prosecutors in a corruption probe, said in a statement that he has been back in Brazil since Sunday.
Brazil crisis should not prevent lowering of inflation goal: official
BRASILIA Brazilian President Michel Temer should move ahead with plans to reduce the 2019 inflation goal despite the political crisis that has roiled his government, a member of the administration's economic team told Reuters on Tuesday.
Brazil plea deals could affect banks' loan books: JPMorgan
SAO PAULO Brazilian banks might be unable to lower loan-loss provisions as much as expected this year because of a potential wave of plea deals involving corporate borrowers as well as mounting political turmoil, JPMorgan Securities said on Tuesday.
Britain's May condemns 'sickening' attack as van rams Muslim worshippers
LONDON A van plowed into worshippers near a London mosque on Monday, injuring 10 people in what Prime Minister Theresa May said was a sickening, terrorist attack on Muslims. | Video
