Brazil ruling party treasurer arrested in Petrobras probe

Last Updated: Thursday, April 16, 2015, 03:57

The treasurer of Brazil`s ruling party was arrested Wednesday for alleged money laundering and taking bribes from state oil giant Petrobras that were stuffed into backpacks, the latest blow to President Dilma Rousseff.

M&M says to stop selling vehicles in Brazil

Last Updated: Wednesday, April 1, 2015, 18:47

Mahindra entered the market in Brazil seven years ago.

Petrobras audits did not hint at graft: Former chair

Last Updated: Friday, March 27, 2015, 09:09

Regular audits of Petrobras gave no hint of the massive corruption scandal now engulfing the Brazilian state oil giant, its former chair said Thursday.

Brazil jobless rate creeps up to 5.9%

Last Updated: Thursday, March 26, 2015, 19:44

The number of jobless seeking work is estimated at 1.4 million people -- 10.2 percent higher than in January and 14.1 percent up on February last year, the figures showed.

Brazil police make new arrests in Petrobras scandal

Last Updated: Monday, March 16, 2015, 21:32

Brazilian police launched a new round of arrests today in the corruption scandal at state oil giant Petrobras, a day after massive nationwide demonstrations against leftist President Dilma Rousseff.

China's TCL Corp to build factories in India, Brazil

Last Updated: Monday, March 16, 2015, 15:32

TCL Corp`s revenue increased 18.4 percent to $16.44 billion last year, led by a 60.3 percent sales growth at TCL Communication Technology Holdings Ltd, the group`s handset manufacturer.

Brazil's Petrobras graft probe expanded to top politicians

Last Updated: Saturday, March 7, 2015, 12:20

An investigation into what prosecutors call the biggest corruption scandal ever uncovered in Brazil won Supreme Court approval to expand to dozens of top politicians for alleged ties to a kickback scheme at the state-run energy company.

GM, Brazil workers reach deal to end strike: Union

Last Updated: Thursday, February 26, 2015, 22:37

Some 5,200 workers at a General Motors plant in Brazil ended a nearly weeklong strike on Thursday after reaching a deal with management over threatened layoffs, union officials said.

Petrobras hires JPMorgan for asset sales, sources say

Last Updated: Thursday, February 26, 2015, 09:26

Petróleo Brasileiro SA has hired JPMorgan Chase & Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil`s state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday.

Suzlon commissions 350 MW wind energy projects in Brazil

Last Updated: Tuesday, February 24, 2015, 14:57

Suzlon Group, wind turbine maker, on Tuesday said it has commissioned wind energy projects having a total capacity of 350 MW in Brazil.

Brazil jobless rate hits all-time low

Last Updated: Thursday, January 29, 2015, 23:06

Joblessness in Brazil, the world`s seventh largest economy, averaged 4.8 percent in 2014, a historic low despite slowing economic growth and rising inflation.