Camargo Correa SA, the Brazilian family-owned conglomerate that exited several businesses over the past year, has put a cement unit up for sale, a column in newspaper O Globo said on Sunday. According to Globo columnist Lauro Jardim, Camargo Correa values the unit known as InterCement SA at around 20 billion reais ($6.47 billion). The... Continue Reading →

Brazilian politicians are scrambling to negotiate an amnesty for illicit funding as part of efforts to shield themselves from a widening graft probe that has engulfed President Michel Temer's government and the Congress. Lawmakers have for months sought a legislative slight-of-hand to evade the rapidly expanding "Car Wash" investigation that has exposed systematic corruption on... Continue Reading →

The Brazilian economy has begun to turn around, jobs are being created, and business confidence is slowly recovering, President Michel Temer said on Friday, touting initial successes of his recovery plan. Speaking at a business meeting in Sao Paulo, Temer pointed to the latest cover of The Economist showing Brazil beginning to lift off among... Continue Reading →

Moody's * Changes outlook on brazil's ba2 issuer rating to stable from negative * Moody's on brazil says risk of contingent liabilities from government-related entities, captured in negative outlook, has been significantly reduced * Moody's on brazil says expectation that the downside risks reflected in the negative outlook are abating and macroeconomic conditions stabilizing *... Continue Reading →

  03/15/2017 The news was released by the Norwegian financial newspaper Finansavisen and reports that the Aker Group, owned by Kjell Inge Røkke, is about to sell its oil services business. Earlier reports, citing people familiar with the matter, speculated that Norwegian billionaire Rokke was considering the sale of Aker Solutions, and that negotiations with... Continue Reading →

Brazil's president and senior lawmakers redoubled their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the expansion of a graft probe threatening the ruling coalition. The government's agenda received a vote of confidence from Moody's Investors Service, which cited progress on fiscal reforms as a reason for revising... Continue Reading →

A top Brazilian prosecutor said more than 350 new investigations will spring from a trove of testimony by executives of construction firm Odebrecht, revealing how corruption cut across the political spectrum from the smallest cities to the highest levels of government. Carlos Lima, the dean of a team of prosecutors in southern Brazil that is... Continue Reading →

Brazil's top public prosecutor dramatically expanded a corruption probe of the country's political establishment on Tuesday, asking the Supreme Court to open 83 new investigations of politicians named in explosive plea bargain testimony. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests to lower courts based on much-anticipated testimony by executives... Continue Reading →

  Company facing trial on Monday (03/13)   Schahin is more confident in the judicial recovery process. This is because Petrobras issued a certificate of good results in the operation of the Vitoria 10,000 drillship. The vessel is an important asset for the company’s survival.   For Schahin's lawyers, the specter of renewal of the... Continue Reading →