Brazil Archives - Page 44 of 55

Brazil formally accuses JBS owners of insider trading

By Reuters, GFM Network News September 21, 2017

Sao Paulo | Reuters — Brazil’s federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA, for insider trading. The Batista brothers saved as much as 138 million reais (C$54 million) through allegedly illegal market dealings in May, police said. The insider trading […] Read more

Livestock, Reuters

Brazilian state bank lambastes JBS CEO switch

By GFM Network News September 18, 2017

Rio de Janeiro/Sao Paulo | Reuters — JBS SA’s weekend move to replace the Brazilian company’s jailed chief executive with his father showed “deviousness” and left in place a situation of “terrible governance” at the world’s No. 1 meatpacker, the head of state development bank BNDES said on Monday, In remarks to Reuters, BNDES president […] Read more

Livestock, Reuters

Brazil police detain JBS CEO

By GFM Network News September 13, 2017

Sao Paulo | Reuters — Brazil’s federal police on Wednesday detained the chief executive of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain he signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained […] Read more

Beef Cattle, Livestock, Poultry/Eggs, Reuters

JBS still seeks U.S. unit IPO

By GFM Network News August 16, 2017

Sao Paulo | Reuters — JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world’s No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, CEO Wesley […] Read more

Reuters

JBS taps BNP Paribas for Moy Park sale

By GFM Network News July 31, 2017

Sao Paulo / Reuters – JBS SA, the world’s No. 2 food processor, has picked BNP Paribas SA to help sell Moy Park Ltd, which the company has put on the block, a person with direct knowledge of the matter said on Monday. JBS, whose controlling family has been ensnared in a corruption scandal, announced […] Read more

Corn, Crops, Reuters

Dow to sell part of Brazil corn seed business

By Reuters, GFM Network News July 11, 2017

Reuters — Dow Chemical said it had agreed to sell a portion of its corn seed business in Brazil to a unit of China’s CITIC Ltd. for US$1.1 billion as it seeks to gain approval for its merger with DuPont from the country’s antitrust regulator. The divestiture includes seed processing plants and seed research centers, […] Read more

Beef Cattle, Livestock, Reuters

Canada, other countries raise meat inspection bar for Brazil

By Rod Nickel, GFM Network News June 28, 2017

Winnipeg/Chicago | Reuters — Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors. The Canadian Food Inspection Agency (CFIA) said on Wednesday that the tighter inspection standards it enacted in April have resulted […] Read more

Beef Cattle, Livestock, Reuters

Brazil farm minister heads to U.S. over fresh beef ban

By GFM Network News June 23, 2017

Sao Paulo | Reuters — Brazil’s agriculture minister prepared to travel to the U.S. on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world’s largest beef exporter. “We will fight for this market!” said the minister, billionaire soy […] Read more

Beef Cattle, Livestock, Reuters

U.S. bans fresh Brazil beef imports over safety concerns

By GFM Network News June 22, 2017

Chicago | Reuters — The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture said, after a high percentage of shipments failed to pass safety checks. USDA had “recurring concerns about the safety of the products intended for the American market,” after increasing tests on Brazilian beef in March, […] Read more

Beef Cattle, Livestock, Reuters

Brazil blocks JBS deal, seeks asset freeze

By GFM Network News June 21, 2017

Brasilia | Reuters — A Brazilian judge has blocked JBS SA’s planned sale of a South American unit while the attorney general’s office urged the company’s assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world’s No. 1 meatpacker. Federal Judge Ricardo Leite blocked JBS’s US$300 million sale […] Read more

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Tag Archives Brazil

Brazil formally accuses JBS owners of insider trading

Brazilian state bank lambastes JBS CEO switch

Brazil police detain JBS CEO

JBS still seeks U.S. unit IPO

JBS taps BNP Paribas for Moy Park sale

Dow to sell part of Brazil corn seed business

Canada, other countries raise meat inspection bar for Brazil

Brazil farm minister heads to U.S. over fresh beef ban

U.S. bans fresh Brazil beef imports over safety concerns

Brazil blocks JBS deal, seeks asset freeze

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