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empresas News

Environmental groups, big ag unite for Amazon in Brazil

Bras - An unprecedented coalition of 230 environmental groups and Brazilian agrobusiness companies have sent an open letter to President Jair Bolsonaro urging him to fight deforestation in the Amazon rainforest.

Avianca airline magnates held in Brazil graft probe

S - Two of South America's wealthiest brothers, the Bolivian-born airline magnates German and Jose Efromovich, were arrested Wednesday in Brazil as part of the country's sweeping anti-corruption probe, "Operation Car Wash.

Prosecutors accuse ex-PEMEX boss of taking $10.5m bribe

Mexico - Mexican prosecutors accused the former boss of state oil company PEMEX of accepting a bribe worth more than $10 million from Brazilian construction giant Odebrecht at his trial in Mexico City on Wednesday.

LATAM announces suspension of Argentine subsidiary operations

Santiago - Latin America's largest airline announced on Wednesday that it is indefinitely ceasing operations at its Argentine subsidiary due to the financial hardship provoked by the coronavirus pandemic.

Drainage issues caused Brazil mining dam tragedy, say experts

Bras - The collapse of a massive tailings dam in Brazil was caused by the accumulation of water and lack of drainage, although the facilities did not previously show signs of instability, according to a report commissioned by the dam's owner and published Thu...

Court accepts Brazil giant Odebrecht's bankrupcy protection request

S - A court in Sao Paulo on Tuesday accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery procedure aimed at fending off bankruptcy at the scandal-tainted group.

Billionaire Carlos Slim to retire: Mexican president

Mexico - Mexican telecoms billionaire Carlos Slim, one of the world's richest people, is planning to retire sometime in the next six years, President Andres Manuel Lopez Obrador said Tuesday.

Mexico unveils $5.5-bn rescue plan for ailing Pemex

Mexico - The Mexican government said Friday it would bail out ailing state oil company Pemex with $5.5 billion in additional funds this year -- though that falls short of what analysts say the firm needs.

Macri's father, brother in court over Argentina corruption case

Buenos Aires - The brother and father of Argentina's President Mauricio Macri are to testify in court this week over their alleged involvement in a huge kickbacks scandal known as the "corruption notebooks" case, reports said Monday.

Bail set at $1 mn each for sons of Panama ex-president arrested in US

Miami - A US judge on Tuesday set bail at $1 million each for two sons of Panama's ex-president Ricardo Martinelli who, like their father, stand accused of collecting huge bribes in a wide ranging cash-for-contracts scandal.

Two sons of former Panama president Martinelli arrested in US

Panama - Two sons of former Panamanian president Ricardo Martinelli, who is accused of collecting bribes worth millions in the wide-ranging Odebrecht scandal, were arrested in the United States, officials said Wednesday.

Petrobras recovers $274 million from corruption scandal

Rio De Janeiro - Brazil's state-owned oil major Petrobras said Thursday that it has recovered 1.034 billion reais ($274 million) in funds embezzled during a giant corruption scandal that badly damaged the company and upended Brazilian politics.

Ivanka Trump talks up LatAm women's fund for entrepreneurs

- Ivanka Trump, daughter and advisor to US President Donald Trump, on Friday announced a private-public funding plan to boost businesses started by women in Latin America.
 

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