Brazil

UPDATE 1-Mexico and Brazil sign economic deals, aim to double commerce

MEXICO CITY, May 26 - Mexico and Brazil will take steps this year to ease restrictions on bilateral trade and aim to double their shared commerce in less than 10 years, the leaders of Latin America's two biggest economies said on Tuesday.

UPDATE 2-Brazil's Senate passes weakened austerity measure to balance budget 2:37am BST

BRASILIA, May 26 - Brazil's Senate on Tuesday approved a watered-down version of an austerity measure that curbs labor benefits as part of President Dilma Rousseff's bid to restore investor confidence in her management of the country's stagnant economy.

UPDATE 1-Former Petrobras executive sentenced to five years in jail 1:22am BST

SAO PAULO, May 26 - A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe.

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Italian mafia boss arrested in Brazil after 30 years on the run 26 May 2015

RIO DE JANEIRO - Brazilian police said on Tuesday they arrested an Italian mafia boss who had been on the run for 30 years and was convicted of killing over 20 people in the 1980s.

Former Petrobras executive sentenced to five years jail 26 May 2015

SAO PAULO, May 26 - A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe.

El Nino seen bringing drought to Brazil's north, heavy rains to south 26 May 2015

SAO PAULO - Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country's main grain producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said.

UPDATE 1-El Nino seen bringing drought to Brazil's north, heavy rains to south 26 May 2015

* Southeast cane, coffee crops may escape rain at harvest (Adds comment from national coffee council president)

El Nino seen bringing drought to Brazil's north, heavy rains to south 26 May 2015

SAO PAULO, May 26 - Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country's main grain producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said.

UPDATE 1-Brazil's current account gap widens to $6.9 bln in April 26 May 2015

BRASILIA, May 26 - Brazil's current account deficit grew more than expected in April, exceeding the net inflow of investments from abroad into Latin America's largest economy, central bank data showed on Tuesday.

Soccer-Edu strike sends Jeonbuk past Beijing into last eight 26 May 2015

May 26 - Brazilian substitute Edu struck the only goal as Jeonbuk Motors beat Beijing Guoan 1-0 in China on Tuesday to advance to the quarter-finals of the AFC Champions League 2-1 on aggregate.

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Over 2,500 migrants still adrift, UN says ahead of SE Asia meeting

BANGKOK - More than 2,500 migrants could still be stranded on boats in the Bay of Bengal and Andaman Sea, according to estimates by the United Nations, as Thailand prepares to host a regional meeting it said was focused on "immediate action" to tackle the crisis.