Thu Jun 2, 2016  Reuters Brazilian judge Sergio Moro has suspended one of the lawsuits against executives of engineering conglomerate Odebrecht SA for 30 days, newspaper Folha de S. Paulo reported on Thursday, signaling potential plea bargain deals with prosecutors investigating a massive graft scheme. A spokeswoman for Moro's office did not immediately respond to... Continue Reading →

Brazil’s state development bank BNDES will sell equity assets and utilize concessions and privatizations as it seeks to attract the private investment needed to pull Latin America’s largest economy out of recession, according to the bank’s new president. Maria Silvia Bastos Marques took over as head of the bank known as BNDES on Wednesday, saying... Continue Reading →

Brazil's economy shrank for a fifth straight quarter in early 2016, but the drop was smaller than forecast due to heavier government spending in the months before a vote to impeach President Dilma Rousseff. Brazil's economy shrank 0.3 percent in the first quarter from the fourth quarter, statistics agency IBGE said on Wednesday. The contraction... Continue Reading →

An appeals court ruling on whether a Liberian mortgage is valid for a Brazilian-owned oil production ship, due on Wednesday, could cast doubt on the future of secured lending for such vessels in the world's largest deepwater market. The court in São Paulo is due to decide on the appeal by Nordic Trustee ASA to... Continue Reading →

Got the Cappi of the Cappos.... Bloomberg/ Julia Leite and Francisco Marcelino Banco Bradesco SA Chief Executive Officer Luiz Carlos Trabuco Cappi and two other company executives were indicted by Brazil federal police amid the so-called Zelotes probe into alleged fraud in tax cases. Shares slumped as much as 8 percent. The indictments were confirmed by federal... Continue Reading →

Brazil’s real extended its worst monthly slide since September after the resignation of a second minister in two weeks cast doubt on Acting President Michel Temer’s ability to restore confidence in Latin America’s largest economy. The real dropped 0.6 percent to 3.5913 per dollar at 10:21 a.m. in Sao Paulo, extending this month’s decline to... Continue Reading →

In 19 days 2 ministers are axed for same reason. How long before the interim president will last? The ministry that Acting President Michel Temer created to demonstrate his commitment to fighting corruption was caught up in the fringes of the sweeping investigation that has rattled Brazil’s political establishment for two years. Fabiano Silveira, the Minister of... Continue Reading →

Brazil’s real advanced as economists said they expect a shallower downturn of the country’s economy than previously forecast, outweighing opposition in Congress to the government’s attempt to approve measures to trim the budget deficit. The real gained 0.8 percent to 3.5836 per dollar as of 3:39 p.m. in Sao Paulo after earlier weakening 0.1 percent.... Continue Reading →