Telecom Italia seals $1 billion masts deal, to examine tie up with Oi


MILAN/BARCELONA - Telecom Italia will examine a possible tie-up between its Brazilian unit Tim Participacoes and local group Oi , it said as it announced the sale of mobile phone masts for more than 900 million euros ($1.1 billion).

Brazil's JBS says $1.25 billion Primo buy to boost Asian sales

SAO PAULO - Brazil's JBS SA , the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia.

Deals, 21 Nov 2014

Bank executive among finalists to be Brazil finance minister

SAO PAULO/BRASILIA - Respected Brazilian banking executive Joaquim Levy is among three finalists to become the country's next finance minister, and President Dilma Rousseff could announce her pick later on Friday, a government official said.

World, 21 Nov 2014

Telecom Italia likely to sell Brazil towers to American Tower

BARCELONA/MILAN - Telecom Italia will likely sell the mobile phone towers of its Brazilian unit to American Tower Corp for almost the full targeted amount of 900 million euros ($1.1 billion), two sources familiar with the situation told Reuters.

Deals, 21 Nov 2014

Brazil's fallen tycoon Batista goes on trial for insider trading

RIO DE JANEIRO - Eike Batista, once Brazil's richest man, arrived at a Rio de Janeiro courthouse on Tuesday for trial on charges of insider trading in the run up to the bankruptcy of his oil firm OGX, the largest bankruptcy in Latin American history.

Brazil's Rousseff responsible for Petrobras graft, opposition says

SAO PAULO - Brazil's President Dilma Rousseff is politically responsible for a growing money-laundering and bribery scandal at state-run oil company Petroleo Brasileiro SA, although she was probably not personally involved enough to justify impeachment, the main opposition party's leader in the Senate said.

World, 18 Nov 2014

Petrobras scandal may change Brazil forever, Rousseff says

- A widening corruption scandal at state-run oil company Petroleo Brasileiro SA may change the country forever, Brazilian President Dilma Rousseff said on Sunday in her first public remarks since a sweeping police operation last week.

Brazil government says will not interfere with Petrobras probe

BRASILIA - The Brazilian government will not interfere with a police investigation into suspected graft at state-run oil company Petroleo Brasileiro SA, the country's justice minister said on Saturday.

Petrobras ex-director arrested, shares sink amid graft scandal

RIO DE JANEIRO - Brazilian police arrested a former Petrobras executive on Friday and the state-run oil giant's shares sank 5 percent after it was forced by a widening corruption scandal to delay the release of its financial results.

World, 14 Nov 2014

Herbalife board member a target in long-running Brazilian fraud case

By Svea Herbst-Bayliss, Jeffrey Dastin and Marcelo Teixeira

Money 13 Nov 2014

U.S., Iran discussing new ideas to break nuclear impasse: sources

VIENNA - U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif are discussing new ideas aimed at breaking the deadlock in nuclear talks between Tehran and six world powers, sources close to the talks said on Friday.