In this file:

 

·         Brazil police searches Rio apartment owned by senator: source

... Newspaper O Globo had said on Wednesday that Neves, the PSDB party leader who lost the 2014 presidential election to Dilma Rousseff, was filmed soliciting 2 million reais ($638,000) from Joesley Batista, chairman of meatpacking company JBS SA (JBSS3.SA)...

 

·         Brazil's JBS dials down IPO talk

·         Brazil Graft Investigations Widen, Sabesp & JBS Sink

 

 

Brazil police searches Rio apartment owned by senator: source

 

Reporting by Lisandra Paraguassu; Writing by Bruno Federowski; Editing by Lisa Von Ahn, Reuters

May 18, 2017

 

Brazilian police on Thursday searched an apartment owned by Senator Aecio Neves as well as his and other lawmakers' offices as part of a corruption probe, a police source told Reuters.

 

Newspaper O Globo had said on Wednesday that Neves, the PSDB party leader who lost the 2014 presidential election to Dilma Rousseff, was filmed soliciting 2 million reais ($638,000) from Joesley Batista, chairman of meatpacking company JBS SA (JBSS3.SA).

 

As part of plea bargain testimony, Batista also taped current President Michel Temer approving a plan to pay a potential witness to remain silent in the country's biggest-ever graft probe, the newspaper said.

 

Images broadcast by the Globo News television station on Thursday showed police entering a beachfront apartment, as well as searching offices in Congress belonging to Neves and two lawmakers from the ruling PMDB party.

 

Brazil's Supreme Court ruled that Neves be suspended from the Senate due to the allegations, the source said...

 

more

http://www.reuters.com/article/us-brazil-corruption-neves-idUSKCN18E1H3?il=0

 

 

Brazil's JBS dials down IPO talk

The Brazilian food company's shares tumble after announcing weak Q1 earnings this week

 

Aaron Weinman, LatinFinance 

May 17, 2017

 

JBS has dialed down talk of an IPO of its international operations, after bribery allegations led to weak Q1 earnings.

 

The Brazilian food company was slated to spin off its US operations in the first half of the year, but CEO Wesley Batista said in an earnings call that JBS would look for a window in the second half of 2017 to do an IPO.

 

In March, JBS and more than a dozen Brazilian beef and poultry producers were accused of paying bribes for food inspectors to approve the sale and export of tainted meat.

 

Batista said the scandal, called "weak flesh," affected JBS’ production and exports, contributing to delays in the IPO plans.

 

The company’s shares tumbled to BRL10.80 in late March...

 

more

http://www.latinfinance.com/Article/3718228/LF-Insight/Brazils-JBS-dials-down-IPO-talk.html

 

 

Brazil Graft Investigations Widen, Sabesp & JBS Sink

Anti-corruption investigations are weighing on Brazil equities in a down day for markets.

 

By Dimitra DeFotis, Barron's

May 17, 2017

 

Shares of Brazil's Companhia de Saneamento Basico do Estado de Sao Paulo (SBS), the water and sewer utility otherwise known as Sabesp, are down 3% today.

 

The iShares MSCI Brazil Capped exchange-traded fund (EWZ) is down 1.9%. The Brazilian real is weaker by 0.3% against the U.S. dollar...

 

... One of the companies targeted in the meat probe, beef, pork, lamb and chicken processor JBS (JBSAY), is down 2.2% today after slipping 8% Tuesday on revelations that legal issues may delay an IPO of its international unit. JBS has denied wrongdoing...

 

more

http://www.barrons.com/articles/brazil-graft-investigations-widen-sabesp-jbs-sink-1495040053