Brasilia | Reuters — Brazil federal police are investigating suspected fraud in loans by state development bank BNDES to JBS SA, a police source said on Friday, sending shares of the world’s largest meat processor lower after a series of scandals. Separately, police said earlier on Friday they would detain 37 people for questioning and […] Read more
Brazil police probe loans to JBS
JBS scraps reorganization after Brazil veto
Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, Sao Paulo-based JBS […] Read more
Vale fertilizer sale seen on track despite review
Rio de Janeiro | Reuters — Vale SA’s plan to dispose of fertilizer assets remains on track despite a request last week by Brazil’s state development bank, BNDES, to analyze the transaction more carefully, according to two people with direct knowledge of the situation. Terms of the deal, which involves the sale of certain assets […] Read more
Cyber-Savvy Farmer
