Tag Archives: Brazils

Brazil’s Batista Brothers Are Out of Jail And Worth $6 Billion

(Bloomberg) — Just under four years ago, brothers Joesley and Wesley Batista were in Brazilian prison cells with concrete bunk beds, their multibillion-dollar meat empire near collapse in one of the world’s biggest corporate corruption scandals. Today, they’re not only free men but their company, JBS, is worth three times what it was then, operates in 20 countries and controls a quarter of U.S. beef processing. The brothers, worth $5.8 billion, hold stakes in companies with $28 billion… Source link

Read More »

Brazil’s Bitcoin Banco Group and Leader Arrested for Alleged Embezzlement of $300M in Crypto

Associated Press Iraqi militia commander vows to avenge deaths in US strike The leader of an Iran-backed Iraqi militia has vowed to retaliate against America for the deaths of four of his men in a U.S. airstrike along the Iraq-Syria border last month, saying it will be a military operation everyone will talk about. Abu Alaa al-Walae, commander of Kataib Sayyid al-Shuhada, said in an exclusive interview with The Associated Press in Baghdad that the electoral victory of Iran’s hard-line… Source link

Read More »

Brazil’s markets packed as pandemic continues

People have been photographed packing a busy market in Brazil despite the country’s ongoing battle with Covid-19. Brazil has recorded more than 10.9 million cases of coronavirus resulting in more than 260,000 deaths, according to Johns Hopkins University data. The country recorded 75,000 new cases on Saturday alone with at least 1,800 deaths. The country is facing its deadliest stretch since the pandemic began due to a homegrown virus variant dubbed P1, but concerning images continue to… Source link

Read More »

Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link

Read More »