
Tag Archives Temer

JBS parent to pay record fine in leniency deal
Brasilia/Sao Paulo | Reuters — J+F Investimentos, controlling shareholder of the globe’s largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real (C$4.3 billion) fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil’s three-year sweeping graft investigations have now led […] Read more

JBS shares soar as speculation mounts over crisis fallout
Cuiaba, Brazil | Reuters — Shares in JBS SA , the world’s largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 per cent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago […] Read more
CBOT weekly outlook: Corn, soy rangebound
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are expected to hold near-term ranges, as traders decide where to lay their focus amid a mix of factors. “Weather will dominate; that’s no surprise to anybody,” said Sean Lusk of Walsh Trading. That influence is likely to have a supportive effect […] Read more

Brazil watchdog opens new probes into JBS-related insider trading
Sao Paulo | Reuters — Brazil’s securities regulator said it launched four new probes against meatpacker JBS SA and other companies controlled by J+F Investimentos on Friday to investigate suspicious trades made before markets were rattled by the revelation of a plea deal by the company’s top executives. In a statement late on Friday, CVM […] Read more

U.S. grains: Soybeans fall as Brazilian currency dives
Chicago | Reuters — U.S. soybean futures fell more than three per cent on Thursday as a plunge in the value of Brazil’s currency encouraged Brazilian farmers to step up sales from their record-large harvest, analysts said. Corn and wheat followed soybeans lower. Chicago Board of Trade July soybean futures settled down 31 cents at […] Read more
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