Oct 19 (Reuters) - Brazilian construction group Andrade Gutierrez said on Monday that it has no intention of selling its stake in Brazil's CCR SA, an operator of toll roads, as reported earlier by Estado de S.Paulo newspaper. "The company denies that it has made any type of offer to market agents in relation to... Continue Reading →

Halliburton Co., the world’s largest fracking services provider, said it had a third-quarter loss as the volatile North American oil market continued to tumble. The company reported a loss of $54 million, or 6 cents a share, compared with net income of $1.2 billion, or $1.41, a year earlier, the Houston-based company said in a... Continue Reading →

Brazil's federal police have opened a preliminary investigation into alleged irregularities in President Dilma Rousseff's re-election campaign last year. According to the media office of the federal police, the probe was opened on Oct. 7, following a decision by Justice Gilmar Mendes of the Superior Electoral Court to look into allegations of wrongdoing by the... Continue Reading →

Brazil’s Finance Minister Joaquim Levy complained to President Dilma Rousseff about his treatment among political allies, but fell short of stepping down. He said during a meeting with his boss that attacks from her supporters are making his job difficult, according to a government official with direct knowledge of the discussion, who asked not to be... Continue Reading →

Ladies and gentlemen, 2016 has been canceled. Thanks for coming. Schlumberger, the oilfield services giant, sure knows how to kill the mood -- which wasn’t great in the oil patch anyway. Its third-quarter results, reported late on Thursday, were broadly unremarkable. The company beat earnings estimates slightly, largely at the tax line, and displayed the... Continue Reading →

Impeachment proceedings in Brazil start if lower house President Eduardo Cunha accepts what he considers to be a legitimate petition and puts it to a vote. That would set in motion a protracted proceeding that involves several votes in Congress and potentially result in President Dilma Rousseff’s removal from office. Charges against Rousseff range from... Continue Reading →

Fitch Ratings on Thursday cut Brazil's credit rating to the brink of junk, warning the country could soon lose its coveted investment grade rating as government finances deteriorate amid a prolonged recession and persistent political uncertainty. The decision, which is likely to increase borrowing costs for the government and Brazilian companies, piles pressure on President... Continue Reading →