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.
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.
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.
SAO PAULO/NEW YORK - Petróleo 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.
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).
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.
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.
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.
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.
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.
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