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Chile's Arauco buys rival Masisa's plants in Brazil in $100 million deal

SANTIAGO Chilean forestry company Arauco has reached an agreement to buy two wood panel plants in Brazil from competitor Masisa, in a deal worth $102.8 million, the company said on Friday.

Ex-minister accuses former Brazil President Lula of accepting bribes

BRASILIA The former finance minister under Brazil's Luiz Inacio Lula da Silva on Wednesday accused the ex-president of receiving bribes from contractor Odebrecht [ODBES.UL], adding to a list of corruption accusations that threaten Lula's ability to run for president in 2018.

Brazil cuts rates to 8.25 percent, signals gradual end to easing

BRASILIA Brazil's central bank slashed interest rates to a four-year low on Wednesday to spur an incipient economic recovery, but said the pace of monetary easing would probably be reduced next month as policymakers prepared to gradually stop cutting rates.

Brazil inflation hits new 18-year low, below all forecasts

SAO PAULO Brazilian inflation hit a fresh 18-year low in August due to an abundant harvest, undershooting all estimates and giving plenty of room for the central bank to keep cutting interest rates.

Brazil's ABPA hires two law firms to fight China chicken antidumping case

SAO PAULO A Brazilian association representing chicken and pork producers on Wednesday named two legal firms to fight an anti-dumping case made by China in August against Brazilian chicken imports that could last several years.

Unusually dry weather likely to hurt Brazil cane through 2018: Unica

SAO PAULO Unusually dry weather in Brazil's center-south sugar-producing region is likely to cut the total cane output per hectare for the rest of 2017 and in 2018, the technical director of industry group Unica told Reuters.

J&F asset sales tied to Brazil nod to leniency accord, sources say

SAO PAULO Asset sales by J&F Investimentos SA are tied to the approval of a leniency deal with Brazilian authorities, giving buyers a cushion from a potential legal backlash against the billionaire family that runs the group, two people with direct knowledge of the matter said on Wednesday.

Brazil analyzing how to end to veto power in some companies

SAO PAULO Brazil's government is analyzing the legal and financial implications of relinquishing veto rights on certain strategic decisions in a few companies, the latest step by President Michel Temer to diminish the state's role in the economy.

Brazil's Conab says cotton planting area could rise in 2017/18

SAO PAULO Brazil's agricultural agency Conab said on Wednesday that farmers in the country may increase areas planted with cotton as prices for the fiber are rising, according to a presentation.

Brazil finance ministry requested analysts on end of golden share

SAO PAULO Brazil's government has requested legal and financial analysis on relinquishing the right to veto certain strategic decisions in a few companies that are or were privatized.


Irma menaces Bahamas and Cuba, on course toward Florida

HAVANA Hurricane Irma menaced Cuba and the Bahamas on Friday as it drove toward Florida after lashing the Caribbean with devastatingly high winds, killing 19 people and leaving catastrophic destruction in its wake. | Video