Reading Time: 3 minutes Brazilian meatpacker JBS begins trading on the New York Stock Exchange on Friday, capping a stunning comeback by brothers Joesley and Wesley Batista less than a decade after they were jailed in a record-breaking corruption scandal and forced into the backseat of their global food empire.
Brazil beef barons’ Wall Street listing caps a return from exile
Meat packer JBS began trading on the New York Stock Exchange on Friday
Brazil sues Syngenta for alleged environmental damage
Reading Time: 2 minutes Brazil's environmental agency IBAMA has sued Syngenta alleging the chemicals company caused "environmental damage" by producing and selling pesticides using much higher concentrations of a carcinogen than allowed under law, according to court documents seen by Reuters.
Brazil cracking down on unmonitored agriculture planes
Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian federal prosecutors have demanded civil aviation authorities change regulations to increase oversight of agriculture airplanes such as crop dusters, which they claim can be used to smuggle drugs and agro-chemicals. Prosecutors are calling for the mandatory introduction of a transponder equipment to monitor such planes, and have suggested new […] Read more
Ex-JBS chairman released from jail
Reading Time: < 1 minute Brasilia | Reuters — A Brazilian federal court on Friday granted the release from jail of Joesley Batista, former chairman of the world’s biggest meatpacker, JBS SA, according to court documents. Joesley Batista, who steered JBS from a Brazilian beef processing firm to a global food conglomerate with major U.S. operations, was expected to be […] Read more
JBS parent to pay record fine in leniency deal
Reading Time: 3 minutes 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
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