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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Public Prosecutor's Office (MPF) asked the courts on Thursday to block the assets of former president Luiz Inacio Lula da Silva and one of his sons, Luís Cláudio, totaling...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The world’s largest meat processor, Brazilian company JBS, announced on Tuesday a divestment program that it hopes will render R$6 billion. In addition to selling its participation in one of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Accounting Court (TCU) in Brazil authorized on Wednesday the country’s oil giant, Petrobras, to resume the sale of some of its assets. The company hopes, along partnership accords, its...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s largest private bank, Itau Unibanco, announced on Saturday (October 8th) its purchase of Citibank’s retail operation in Brazil for R$710 million (approximately US$220 million). Citibank's retail operation in Brazil...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The ANP (National Petroleum, Natural Gas and Biofuel Agency) in Brazil has authorized oil giant, Petrobras to interrupt its oil production in sixteen platforms and fourteen concessions due to the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Twelve oil work unions which are part of the Oil Workers Federation (FUP) in Brazil began on November 1st, a strike at Petrobras refineries all over the country. According to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - The Central Bank of Brazil announced Thursday, November 20th, it has frozen more than R$47 million in assets from individuals and companies arrested last week in the Lava Jato...
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