Batista brothers charged with insider trading

Brazilian prosecutors on Tuesday charged brothers Wesley and Joesley Batista, the controlling shareholders of JBS, the world’s largest meatpacker, with insider trading and market manipulation. The Batistas carried out stock and foreign exchange transactions between March 31 and May 17 using information they had on the contents of their plea deal in a corruption case, prosecutors said. Reuters reports. Venezuela’s inflation seen reaching 2,300 percent in 2018, IMF says Venezuela’s triple-digit annual inflation rate is set to jump to more than 2,300 percent in 2018, the highest estimate for any country tracked by the International Monetary Fund. As oil production declines and uncertainty increases, unemployment is forecast to increase to about 30 percent in 2018, also the highest and followed […]

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