Brazil

Brazil probe of dictatorship period not satisfied by Volkswagen testimony

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SAO PAULO - The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime.

Private equity 'walks on eggshells' as funds eye Brazil hospitals

SAO PAULO - Brazilian hospitals and health clinics are drawing strong interest from global buyout firms after the government recently decided to allow foreign ownership of those facilities, although the suitors may find only a few promising targets.

Health, Deals, 27 Feb 2015

Strike ends at Brazil GM plant after union flexes muscle

SAO JOSE DOS CAMPOS, Brazil - Workers at a General Motors Co car factory in Brazil ended a six-day strike on Thursday after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry.

26 Feb 2015

Exclusive: Petrobras hires JPMorgan for $3 billion in asset sales - sources

SAO PAULO/NEW YORK - PetrĂ³leo Brasileiro SA has hired JPMorgan Chase & Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday.

Deals 25 Feb 2015

British American Tobacco mulls $3.5 billion buyout of Brazil unit stake

LONDON/SAO PAULO - British American Tobacco Plc is considering a buyout of the 24.7 percent stake it does not already own in Souza Cruz SA , Brazil's largest cigarette company, in a deal that could cost about 2.3 billion pounds ($3.53 billion).

Deals, 23 Feb 2015

HSBC 'problem' spots Brazil, Mexico, U.S. and Turkey have 1-2 years to prove worth: CEO

LONDON - HSBC has given its four problem businesses in Brazil, Mexico, Turkey and the United States as little as one year to prove their worth before "more extreme" turnaround solutions are proposed, its CEO said on Monday.

Mexico, Turkey 23 Feb 2015

Brazil prosecutor looks to block corruption leniency deal: report

RIO DE JANEIRO - A Brazilian prosecutor sought to block a possible government leniency deal with construction and engineering companies implicated in a giant bribery and money laundering scheme at state-run oil company Petrobras, according to a document published Saturday on a Brazilian news site.

Breakingviews, 21 Feb 2015

Indonesia recalls envoy to Brazil amid row over execution

JAKARTA - Indonesia has recalled its new ambassador to Brazil after the South American country stopped him taking part in a credentials ceremony following the execution of a Brazilian national for drugs trafficking.

World, Indonesia 21 Feb 2015

Strike at Brazil plant catches General Motors off guard

SAO PAULO - General Motors Co was caught by surprise on Friday by a strike at its Brazilian car factory as workers protested a planned furlough and layoff of hundreds of staff, in the latest labor disruption in the nation's slumping auto industry.

20 Feb 2015

Insight: Brazilian companies push for deal to minimize Petrobras scandal

SAO PAULO - Some of the companies caught up in a massive corruption scandal at state-run oil firm Petrobras are quietly pressing Brazil's government and judiciary to strike a "grand bargain" to minimize the legal fallout, five sources with knowledge of the talks say.

20 Feb 2015
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Russian opposition mourns murdered leader Nemtsov

MOSCOW - Thousands of stunned Russians laid flowers and lit candles on Saturday on the bridge where opposition politician Boris Nemtsov was shot dead near the Kremlin, a murder that showed the risks of speaking out against President Vladimir Putin. | Video