Petrobras brings in Merrill to help in $5 billion selloff plan-sources


LONDON/RIO DE JANEIRO - Indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be interested buyers, three sources familiar with the matter said on Wednesday.

Pele says time to 'stop the war' in the game

LONDON - Brazilian great Pele said the "war" must stop in world soccer following a seismic week that on Tuesday resulted in embattled FIFA president Sepp Blatter announcing he would stand down. | Video

Sports, 11:59am EDT

Germans cheer Blatter exit, warn against wasting reform chances

BERLIN - Chancellor Angela Merkel, who celebrated Germany's fourth World Cup win with the players in Brazil last year, welcomed the departure of FIFA President Sepp Blatter as an opportunity to boost standards within soccer's world governing body.

Sports, Germany 11:42am EDT

Zico considering FIFA presidency bid

- Former Brazil international Zico has expressed a desire to run for president of FIFA following Sepp Blatter's shock resignation on Tuesday.

Sports, 02 Jun 2015

FIFA arrests spur Brazil to probe soccer corruption

BRASILIA - Brazilian police began investigating allegations of corruption in its soccer industry on Thursday, prompted by the arrests of top officials at world soccer body FIFA in a U.S. bribery probe.

World, Sports, 28 May 2015

Linchpin of Brazil soccer business central to FIFA corruption sweep

SAO PAULO - To help bring corruption charges against some of the most powerful men in world soccer, prosecutors in the United States convinced a Brazilian sports mogul to confess to a life at the nexus of money, soccer and graft.

Sports 28 May 2015

El Nino seen bringing drought to Brazil's north, heavy rains to south

SAO PAULO - Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country's main grain producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said.

Environment, 26 May 2015

China and Peru agree to study transcontinental rail link

BEIJING - China and Peru have agreed to study the feasibility of a controversial 5,300 km (3,300 miles) transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.

World, China, 23 May 2015

HSBC confirms may sell Brazil unit after suitors show interest

HONG KONG/LONDON - HSBC Holdings Plc is exploring the sale of its Brazilian unit after interest in the business stepped up and Santander's Brazilian arm said it would consider a purchase.

Deals, 22 May 2015

Brazil's BTG Pactual, P2 sell energy company to SunEdison

SAO PAULO - Brazilian investment bank BTG Pactual SA and its partners P2Brasil and GMR Energia jointly sold 100 percent of renewable energy company Latin America Power (LAP) to SunEdison, BTG and P2 said on Thursday.

Deals, 21 May 2015

Ukraine forces, separatists fight first serious battles in months

KIEV - Ukrainian troops and pro-Russian separatists on Wednesday fought their first serious battles in months and Ukraine's defense minister said an attempt by rebels to take the eastern town of Maryinka had been thwarted. | Video