Petroleo Brasileiro SA, the state-run oil producer, stands to profit the most from Brazilian measures to boost ethanol output as rising biofuel supplies reduce the need to sell imported gasoline at a loss.
Banco do Brasil SA, the Brazilian lender whose insurance unit held the world’s largest initial public offering this year, said first-quarter lending expanded faster than the company’s forecast, led by corporate loans.
Banco do Brasil SA, the Brazilian lender whose insurance unit held the world’s largest initial public offering this year, said first-quarter profit fell less than 1 percent and loan growth accelerated.
Brazil’s deputy Finance Minister Nelson Barbosa, a key aide to Brazilian President Dilma Rousseff, is leaving his position in June for “personal reasons,” according to the ministry’s emailed statement.
Venezuela President Nicolas Maduro accused billionaire Lorenzo Mendoza, the owner of the nation’s largest privately-held company, of exacerbating the worst shortages in at least four years and fueling inflation.