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