Brazil
Generali's BSI lures Brazilian, Chinese bidders: sources
LONDON - Brazilian-Swiss bank Safra and a Chinese bank are among the three bidders for Generali SpA's Swiss private bank, BSI, in a deal worth 2 billion euros ($2.66 billion) that could help the Italian insurer shore up capital levels, two people familiar with the situation said on Friday.
ArcelorMittal bids $1.5 billion for ThyssenKrupp's Alabama plant: WSJ
- ArcelorMittal SA and Brazil's Companhia Siderúrgica Nacional have emerged as leading contenders to acquire ThyssenKrupp AG's steel operations in the United States, the Wall Street Journal reported.
Exclusive: Brazil wants Venezuela election if Chavez dies - sources
SAO PAULO/BRASILIA - Brazil is urging Venezuela's government to hold elections as quickly as possible if President Hugo Chavez dies, senior officials told Reuters on Monday, a major intervention by Latin America's regional powerhouse that could help ensure a smoother leadership transition in Caracas.
Exclusive: Brazil wants Venezuela election if Chavez dies - sources
SAO PAULO/BRASILIA - Brazil is urging Venezuela's government to hold elections as quickly as possible if President Hugo Chavez dies, senior officials told Reuters on Monday, a major intervention by Latin America's regional powerhouse that could help ensure a smoother leadership transition in Caracas.
Exclusive: Brazil logistics firm to cancel IPO - source
SAO PAULO - Brazilian logistics firm Vix Logistica SA has decided to shelve plans for an initial public offering this year because of lukewarm demand, a source told Reuters on Friday, another sign of how many investors have cooled on Brazil's stagnant economy.
JC Flowers to sell down BTG Pactual stake, analysts say
SAO PAULO - U.S. buyout firm JC Flowers & Co is selling 40 percent of its stake in Brazilian investment bank BTG Pactual Group , according to analysts at Bradesco BBI, partially cashing out of a two-year investment that yielded an estimated 50 percent return.
Boy's death highlights Brazil's raids on "cracklands"
RIO DE JANEIRO - A 10-year-old Brazilian boy was hit by a car and killed on Thursday as he fled a drug sweep by police and social workers, reigniting debate over the government's tough response to a surge in crack cocaine use.
Ghosts of 2001: Brazil worries about another energy crisis
BRASILIA - Brazil looks less vulnerable today to an energy crisis similar to one in 2001 that cut output at factories, lopped about a percentage point off economic growth, and led millions of people to spend their nights by candlelight.
Brazil's Lula may be investigated in corruption case
BRASILIA - Brazil's top prosecutor will look into allegations that former President Luiz Inacio Lula da Silva was involved in a vote-buying scheme in Congress that led to the conviction of several of his closest aides for corruption.
Former Brazilian leader Lula likely to be investigated: papers
BRASILIA - Brazilian prosecutors will likely investigate former President Luiz Inacio Lula da Silva's alleged involvement in a vote-buying scheme in Congress that led to the conviction of several of his closest aides for corruption, two newspapers reported on Wednesday.
Netanyahu turns focus to Iran after narrow election win
JERUSALEM - Hawkish Prime Minister Benjamin Netanyahu has claimed victory in Israel's parliamentary election, shrugging off surprise losses to centre-left challengers and vowing to stop Iran from acquiring nuclear weapons. | Video
Ethiopia and Eritrea: An elusive peace on the cards?
Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.
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