JBS Archives - Page 11 of 20 - Canadian Cattlemen

U.S. investigators question shareholders of Brazil’s JBS

By Reuters December 7, 2018

Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers […] Read more

Beef Cattle, Livestock, Markets, Reuters

JBS posts narrower-than-expected quarterly loss

By Ana Mano November 13, 2018

Sao Paulo | Reuters — Brazil-based food company JBS SA on Tuesday posted a narrower than expected quarterly loss on the back of a strong performance by its Seara processed foods and Brazil beef divisions, and resilience in certain of its U.S. operations. Seara booked net sales of 4.9 billion reais (C$1.72 billion) last quarter, […] Read more

Reuters

JBS shareholder Batista arrested in food sector corruption investigation

By Ana Mano, Pedro Fonseca November 9, 2018

Rio de Janeiro | Reuters – Brazilian police arrested one of the controlling shareholders of meatpacker JBS SA on Friday in connection with an ongoing police inquiry into illegal campaign contributions while a local news outlet reported two former agriculture ministers were also arrested. A member of JBS’ controlling family Joesley Batista is expected only to […] Read more

Beef Cattle, Livestock, Reuters

Brazil’s regulator rejects JBS settlement deal

By Carolina Mandl September 26, 2018

Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother Joesley are the largest individual […] Read more

Minerva Foods is a producer and marketer of beef, including exports of live cattle. The company is headquartered in Barretos, Brazil. Photo: azgek/iSock/Getty Images

Livestock, Reuters

Brazil meat company Minerva plans IPO by Chilean unit

By Carolina Mandl August 8, 2018

Sao Paulo | Reuters – Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather its operations in Paraguay, Uruguay […] Read more

Beef Cattle, Hogs, Livestock, Reuters

Brazil’s BNDES willing to sell JBS stake

By Rodrigo Viga Gaier June 29, 2018

Rio de Janeiro | Reuters — Brazilian development bank BNDES is willing to sell its stake in meatpacker JBS SA, one source with knowledge of the matter said on Friday. The development bank had already expressed the intention to sell its stake “for the right price.” But the person, who asked for anonymity to discuss […] Read more

Livestock, Reuters

Ex-JBS chair Batista charged with corruption

By Reuters June 25, 2018

Brasilia | Reuters — Brazilian federal prosecutors on Monday charged JBS SA shareholder Joesley Batista, another senior executive of the meatpacking company and a former federal prosecutor with corruption. The charges against Batista, former executive Francisco Assis and former federal prosecutor Marcello Miller were filed before a federal court in Brasilia, prosecutors said in a […] Read more

Livestock, Reuters

JBS beats estimates, refinances bank debt

By Reuters May 15, 2018

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meatpacking company, beat analysts’ estimates for the first quarter and closed a deal to refinance the bulk of its bank debt on Monday. JBS’ net income for the first quarter, 506 million reais (C$179.45 million), was 48 per cent above analysts’ estimates, with higher […] Read more

Livestock, Reuters

JBS still keen on U.S. IPO despite scandals

By Ana Mano, Paula Laier March 29, 2018

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International in the U.S. despite corruption and food safety scandals, executives said on Thursday. In April all of JBS operations will meet U.S. auditing and compliance requirements under the Sarbanes-Oxley Act, JBS […] Read more

A crenellated walkway on top of the Great Wall of China. (Cia.gov)

Hogs, Livestock, Reuters

U.S. pork to feel further chill from China tariff threat

By Dominique Patton, Tom Polansek March 23, 2018

Beijing/Chicago | Reuters — China’s threat of steep tariffs on U.S. pork imports knocked down U.S. hog futures prices and shares of producers on Friday, while increasing fears of hard times for farmers already facing weaker demand from the world’s top buyer of the meat. U.S. farmers have worried for months that rising trade tensions […] Read more

Daily Network News

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Tag Archives JBS

U.S. investigators question shareholders of Brazil’s JBS

JBS posts narrower-than-expected quarterly loss

JBS shareholder Batista arrested in food sector corruption investigation

Brazil’s regulator rejects JBS settlement deal

Brazil meat company Minerva plans IPO by Chilean unit

Brazil’s BNDES willing to sell JBS stake

Ex-JBS chair Batista charged with corruption

JBS beats estimates, refinances bank debt

JBS still keen on U.S. IPO despite scandals

U.S. pork to feel further chill from China tariff threat

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