|Bid||6.15 x 100|
|Ask||12.97 x 7000|
|Day's Range||7.26 - 7.66|
|52 Week Range||7.26 - 15.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Brazil has temporarily halted production and certification of poultry exports from scandal-hit food processor BRF SA (BRFS3.SA) to the European Union, the company and the country's Agriculture Ministry said on Friday. The ministry expects to resolve the temporary ban on poultry exports in about 30 days, according to Luiz Eduardo Rangel, head of Brazil's food safety service.
Brazil has temporarily halted production and certification of poultry exports from scandal-hit food processor BRF SA to the European Union, the company and the country's Agriculture Ministry said on Friday. The ministry expects to resolve the temporary ban on poultry exports in about 30 days, according to Luiz Eduardo Rangel, head of Brazil's food safety service.
Brazil's Agriculture Ministry expects to resolve a temporary ban on poultry exports by food processor BRF SA to the European Union in about 30 days, the head of Brazil's food safety service, Luiz Eduardo ...
Food processor BRF SA said on Friday the Brazilian Agriculture Ministry had temporarily interrupted production and certification of its poultry exports to the European Union from several plants in the ...
Brazil's BRF SA has been sued in the United States by a shareholder who accused the world's largest poultry exporter of concealing its involvement in food safety fraud, culminating in the arrest of a former chief executive officer. A complaint was filed on Monday night in the U.S. District Court in Manhattan on behalf of holders of BRF's American Depositary Receipts from April 4, 2013 to March 2, 2018, and seeks to let them sue as a group in a class action. The plaintiff, Ryo Nakamura, claimed that BRF, former CEO Pedro Faria and other officials artificially inflated the Sao Paulo-based company's share price by misleading shareholders about its operations and compliance practices.
Executives of major food processor BRF SA who were released by police on Friday will not be able to return to their posts at the company, the world's largest poultry exporter, Brazil's public prosecutor's office said on Saturday. A Brazilian judge ordered their suspension from their activities in the company to avoid the risk of them interfering with an ongoing investigation that they engaged in fraud to evade food safety inspections. Police arrested former BRF chief executive officer Pedro Faria, the company's former vice president Helio dos Santos and other executives on Monday on charges that they knew the company engaged in fraud to evade food safety inspections.
Brazilian meat processors are resorting to importing corn as local farmers hoard grains, creating parity between domestic and international prices, three industry sources told Reuters on Friday. JBS SA, Brazil's second-largest chicken processor, has bought 30,000 tonnes of corn from Argentina to use for feed, with delivery set for April at a port in the state of Santa Catarina, said one of the sources. The company, which had last imported corn in March 2017, is in talks for additional corn imports from Argentina and the United States for delivery starting in May, the first source said.
BRF SA’s bonds are tumbling on speculation the Brazilian food giant will be cut to junk after this week’s food-safety scandal added to the company’s woes.
Moody's Latin America Agente de Calificación de Riesgo ("Moody's") has downgraded to Ba2 from Ba1 the global scale ratings of Quickfood S.A.'s senior unsecured notes guaranteed by BRF S.A. (Ba2 ...
Moody's Investors Service has today downgraded BRF S.A.(BRF)'s Corporate Family Rating to Ba2 from Ba1. At the same time, BRF´s senior unsecured ratings and the senior unsecured ratings of BFF International ...
RIO DE JANEIRO/SAO PAULO, March 5 (Reuters) - Brazilian police arrested the former chief executive of major food processor BRF SA on Monday on charges that he and other executives knew the company, the world's largest poultry exporter, engaged in fraud to evade food safety checks. Shares in BRF plunged 19 percent on the Sao Paulo stock exchange as the arrest compounded concerns about BRF's leadership following a 1.1 billion reais loss last year. The loss, the company's worst ever, was partly due to fallout from a police investigation known as "Operation Weak Flesh" into alleged bribery of food-sanitation inspectors at BRF and other food processors across the country.
Plus, Rich Guerrini, CEO of PNC Investments, gives his take on markets. Yahoo Finance’s Jen Rogers, Andy Serwer and Myles Udland discuss the top stories of the day. Shares of XL Group (XL) are soaring after the company agreed to be acquired by French insurance company, AXA, for $15.3 billion. XL Group provides property and casualty commercial insurance, reinsurance and other financial services.
A key board meeting at embattled Brazilian food processor BRF SA is set to go ahead as planned despite new fraud allegations levied at the company by Brazil's federal police, the company's investor relations department said on Monday. BRF is due to hold an extraordinary board meeting today in response to demands from major investors that it replace all its directors following the company's worst ever annual results last month. Before the market opened on Monday, police in Brazil arrested the company's former chief executive and announced a new stage of a probe into the firm evading food safety checks, sending shares down 17.8 percent by the afternoon.
Brazil's benchmark Bovespa index was roughly flat on Monday, underperforming some other major Latin American equities markets despite general market optimism, after new corruption revelations sent shares in food companies plummeting. Early on Monday, Brazilian federal police said they arrested the former chief executive of food processor BRF SA on charges that he and other executives were aware that the company committed fraud in trying to avoid food safety checks. Police said the charges were part of a new phase in the so-called 'weak flesh' corruption investigation, which caused havoc last year on the sector and temporarily closed export markets to Brazil, the world's largest beef and chicken exporter.
Brazilian investigators said in a press conference on Monday that food company BRF SA started acting to evade food safety checks in 2012, with the practice possibly continuing through 2017. Hours earlier ...
The turmoil at Brazilian poultry giant BRF SA intensified after it became the target of a new phase of the food-safety probe that threw the country’s meat industry into disarray last year.
Two pension funds that are the largest shareholders in Brazilian food processor BRF SA (BRFS3.SA) presented on Saturday a list of ten candidates for seats to the company's board that excludes the current chairman, according to a joint statement. Pension funds Previ and Petros, which represent employees of state-controlled companies Banco do Brasil SA and Petroleo Brasileiro SA and hold a joint 22 percent stake in the food processor, a major producer of pork and chicken products. The funds are proposing Augusto da Cruz Filho as BRF's new chairman, replacing retail tycoon Abilio Diniz.
At 81, Abilio Diniz is practically a legend in Brazil. Billionaire. Business guru. Author of two best-selling autobiographies. He’s even got more than 1 million Facebook followers.
Abilio Diniz, the contentious Brazil billionaire pushed out from the supermarket giant his father founded, is gearing up for his next big fight.