Latest bribery scandal could hamper an economic recovery and underscores challenging environment for local lenders, Fitch says
Tag: JBS
Posted inDaily Brief
JBS resumes leniency talks as shares plunge
The Brazilian meatpacker says it is continuing to negotiate with prosecutors over a fine in connection with a bribery scandal, while Moody’s downgrades its debt a notch
Posted inWeb Articles
Brazil’s JBS resumes leniency talks as shares plunge
The Brazilian meatpacker says it is continuing to negotiate with prosecutors over a fine in connection with a bribery scandal, while Moody’s downgrades its debt a notch
Posted inWeb Articles
Brazil’s securities regulator investigates JBS
CVM opens probe after press reports that the company at the center of the latest corruption scandal bought “large quantities” of dollars in the currency markets
Posted inDaily Brief
JBS dials down IPO talk
Brazilian food company’s shares tumble after announcing weak Q1 earnings this week
Posted inWeb Articles
Brazil, Petrobras bonds fall on fresh corruption reports
President Michel Temer is allegedly implicated in a scheme to pay off former House Speaker Eduardo Cunha
Posted inWeb Articles
Brazil’s JBS dials down IPO talk
The Brazilian food company’s shares tumble after announcing weak Q1 earnings this week
Posted inDaily Brief
Brazil’s federal police investigate BNDES
Development bank is suspected of losing $384m in public funds through its investment in meatpacker JBS
Posted inDaily Brief
BRF puts bond plans on ice
Brazilian meatpacker’s 2026 notes widen almost 30bp in secondary trading, putting any immediate capital raising plans on hold, sources say
Posted inDaily Brief
Brazilian meatpackers’ bond prices tumble on investigation
BRF and JBS see their bonds fall around five points in the secondary market after importers suspend purchases of Brazilian meat and poultry