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Brazil's President Michel Temer charged with taking bribes

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BRASILIA Brazil's top federal prosecutor charged President Michel Temer with taking multimillion-dollar bribes on Monday in a stinging blow to the unpopular leader and to political stability in Latin America's largest country.

UPDATE 2-Brazil's President Michel Temer charged with taking bribes

BRASILIA, June 26 Brazil's top federal prosecutor charged President Michel Temer with taking multimillion-dollar bribes on Monday in a stinging blow to the unpopular leader and to political stability in Latin America's largest country.

7:01am IST

Fitch Rates Baidu's Proposed Notes 'A(EXP)', On Watch Negative

(The following statement was released by the rating agency) HONG KONG/SEOUL, June 26 (Fitch) Fitch Ratings has assigned China-based Baidu Inc.'s (A/Rating Watch Negative (RWN)) proposed US dollar senior unsecured notes an expected rating of 'A(EXP)' on RWN. The final rating on the notes is contingent upon the receipt of final documents conforming to information already received. The notes are rated in line with Baidu's senior unsecured rating of 'A' on RWN as they will rank pari passu with the i

6:24am IST

Illinois House Democrats push tax freeze to end budget impasse

CHICAGO, June 26 Democrats in Illinois' House of Representatives on Monday offered Republicans a four-year freeze on local property taxes that has been a key sticking point in the state's historic budget impasse.

4:56am IST

Madoff sons' estates in $23 million settlement over Ponzi scheme

NEW YORK The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation.

4:25am IST

UPDATE 1-Madoff sons' estates in $23 mln settlement over Ponzi scheme

NEW YORK, June 26 The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation.

4:03am IST

Sistema says court 'arrests' stake in its largest asset over Rosneft dispute

MOSCOW Russian conglomerate Sistema said on Monday a Russian court had "arrested" some shares it owns, including in the country's biggest mobile operator MTS , in a legal dispute with oil company Rosneft .

2:26am IST

UPDATE 2-Sistema says court "arrests" stake in its largest asset over Rosneft dispute

* Rosneft says value of shares equals claims (Adds details, quotes, background)

2:24am IST

Madoff sons' estates in $23 million settlement over Ponzi scheme

June 26 The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation.

1:59am IST

Brazil's BNDESPar calls JBS shareholder meeting to shuffle board

SAO PAULO The investment arm of Brazil's state development bank BNDES has convened a JBS SA shareholder meeting to remove the controlling Batista family from the meatpacker's management and board, in the latest twist involving the world's No. 2 food processor.

12:45am IST

Director's cut: Best-paid corporate boards

A seat on a corporate board is nice work if you can get it, especially at three companies that pay their directors more than $100,000 per meeting. A Reuters Special Report.  Full Article