Brazil, Uruguay move away from US dollar in trade

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian...

Fyffes and Chiquita go on banana merger offensive (03/09/2014)

Mark Paul, Sep, 03, 2014, 07:22 Firms strongly defend their prospective merger from Brazilian rivals Safra-Cutrale Employees sort bananas at Fyffes Plc’s ripening and fruit distribution plant in Coventry, UK. Photographer: Simon Dawson/Bloomberg Fyffes, the...