Major beef market Hong Kong Tuesday ended a blanket ban imposed on Brazilian meat imports in a scandal over tainted products, Brazil’s government said. It said the move means all the major markets for Brazil’s key meat exports have relaxed their bans on meat from the recession-hit South American nation, the world’s top beef and … Read more
Egypt said on Saturday it would resume importing meat from Brazil after a brief suspension following allegations that exporters in the Latin American country had sold tainted beef and poultry. “We suspended it (this week) until we found out what happened and now it’s back, but we won’t import anything from slaughter houses or factories … Read more
Brazil’s state oil giant Petrobras has reported a massive loss for the third quarter of its financial year. Analysts had been expecting the firm to make a profit, but instead it lost 16bn reais ($4.8bn; £3.86bn). Petrobras said low oil prices had forced it to cut the value of oil fields and other assets. The … Read more