GFM Network News



Brazil court probing state-backed loans to JBS

Sao Paulo | Reuters — Brazil’s federal accounts court, the TCU, said it had identified irregularities on loans to JBS SA, the world’s largest beef producer, and is deepening an investigation into the company’s relationship with state-run lender BNDES. The TCU is probing loans used to purchase U.S.-companies Swift and Co, for about US$225 million […] Read more



El Nino seen bringing drought to Brazil’s north, heavy rains to south

Sao Paulo | Reuters –– Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country’s main grain-producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said. Inmet meteorologist Fabricio Daniel dos Santos Silva said six consecutive quarters of warming sea […] Read more


Brazil soy exports likely to slow after fire near Santos port

Sao Paulo | Reuters –– Brazil’s soy exports will likely slow because a six-day fire at a nearby fuel-storage facility has restricted access to Brazil’s largest port, Santos, a port official and the soy industry association Abiove said on Tuesday. Authorities have agreed to restrict truck access to some terminals at the port at least […] Read more