Search Results for: Brazilian

Brazil’ biggest money laundering and corruption scandal kicked off at a petrol station that sits only two kilometres away from the National Congress of Brazil. And it still has a lot of fuel to burn.

When the Federal Police of Brazil raided a currency exchange booth at this fuel retailer on March 17, 2014, it began dismantling a political party financing and personal enrichment scheme that defrauded state-run oil giant Petróleo Brasileiro SA – more commonly known as just Petrobras – by at least USD2 billion in current figures.…

Vegetable oil companies are rightfully concerned about the reputation of key feedstocks such as soy for good environmental and social sustainability. Bad news stories about poor pay, pollution and virgin land clearances can knock consumer demand for products and that is bad for business.…

Despite Paraguay’s past difficulties in effectively fighting money laundering, the country has been introducing new regulations to boost its controls; however their reforms’ implementation have been hampered by lack of political will.
Located between Argentina and Brazil, Paraguay is a key country in the struggle against money laundering and financing of terrorism in South America because its porous border is used by drug cartels to smuggle drugs, among other illicit items, into the two region’s biggest markets for cocaine and marijuana.…

Pakistani meat exporters are optimistic that the Iranian government will lift an import ban imposed in early 2014 on Pakistan-produced meat following a meeting on Wednesday (April 22) between the country’s trade ministers.
Khurram Dastagir Khan, Pakistan’s commerce minister and Mohammed Reza Nematzadeh, Iran’s minister for industry, mines and trade met in Tehran at a scheduled session of the Pakistan Iran joint trade committee.…

Iraq’s government has been undertaking a series of policy twists to restrict the export of poultry products from Turkey. According to the Turkish Poultry Promotion Group, Iraq retracted a recent major increase in customs tax, only to halt all full chicken imports from Turkey as of April 8. …

THE MIDDLE Eastern halal meat market is anticipating significant growth in the next few years, driven by rising populations and rising consumer awareness about food content. However, the lack of a common global halal standard is hindering the market’s potential, given that the region is heavily dependent on imports from non-Muslim countries.…

Sales of women’s fragrances in Brazil already generate an impressive USD4 billion in retail value annually (in 2014), according to market researchers Euromonitor. But doubts on continued growth in the segment started to be voiced when the country’s economy started declining two years ago.…

THE EUROPEAN Commission may block or impose conditions on a planned acquisition by US-based Cargill of the industrial chocolate business of its American rival Archer Daniels Midland (ADM). The European Union (EU) executive’s directorate general for competition has opened an in-depth investigation into the deal, to assess whether it could damage the availability of reasonably priced supplies of this key confectionery input.…

CHINA has been cracking down on beef smuggling with a string of arrests being announced by police. State news agency Xinhua reported last month that officials from China Customs had arrested 33 suspects involved in a nationwide smuggling ring, involving the illicit sale of USD32.6 million’s worth of beef from the United States.…

THE LATIN American paint and coatings sector has been facing tough times in the past year, with sluggish overall economic performance depressing demand for the industry. Even, last summer’s World Cup football fiesta in Brazil, did not give the region’s largest market any motive to celebrate.…