
Brazil Investigates Alleged Insider Trading Tied to Trump Tariff News
Justice Alexandre de Moraes issued the order on Monday in response to a request from Brazil's attorney general based on local media reports of significant foreign exchange transactions shortly before and after the official tariffs announcement on July 9. The attorney general said the currency movements suggested 'possible use of privileged information (insider trading) by individuals or legal entities.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New York Times
41 minutes ago
- New York Times
Chinese Cars, Brazil Style
Hello from your former newsletter anchor. It's been a minute. I want to tell you about what I learned in Brazil. For more than a century, cars, powered by gasoline, have been central to American power in the world. But the race to build the cars of the future is beginning to turn to China's favor. Those cars are powered by batteries. It's part of one of the most consequential shifts happening in the world today. So I went to Brazil earlier this year to find out more. Why Brazil? Because Brazil is Latin America's largest economy, and the world's sixth largest car market. Brazilians love cars and for many years, American automakers made cars in Brazil. Ford once built a Model T in its Brazilian factory. European car companies set up factories too, followed later by Japanese and Korean brands. And the government of Luiz Inácio Lula da Silva, Brazil's president, wants to bring down climate emissions from its transportation sector. Over the last few years, Chinese carmakers had been shipping lots of cars to Brazil. They are cheaper than many American and European models, they drive well and they are popular with Brazilians. All of that alarmed legacy carmakers in Brazil and, in turn, the Brazilian government. The government wanted these battery-powered cars of the future, but it also wanted to have a piece of the value chain. So Brazil announced a new policy: If you want access to our market, build cars here. Want all of The Times? Subscribe.


Bloomberg
an hour ago
- Bloomberg
Venezuela Oil Output Weathers Chevron Exit With Diluent Spree
Venezuela's oil output has been more resilient than expected since the US forced Chevron Corp. to wind down operations in the country, with a last-minute shopping spree for a key production supply helping cushion the blow. State-owned Petroleos de Venezuela SA has maintained average output of about 1.1 million barrels a day in June and July, according to figures seen by Bloomberg. Chevron, which pumped nearly a quarter of Venezuela's barrels, lost key licenses to operate in the country near the end of May as the Trump administration sought to pressure President Nicolas Maduro.


Motor 1
2 hours ago
- Motor 1
Nissan Is In Financial Trouble. Now It May Lose an Important Part of its Manufacturing History
Nissan's situation is dire, and its new CEO is implementing drastic measures to turn around the company's fortunes. Last week, the automaker announced it would close its Oppama Plant in Japan by March 2028. It's one of seven Nissan plants to close, and the other six could include two factories in Mexico. A new report from Automotive News , citing 'two people with knowledge of the matter,' alleges the Japanese automaker will shutter its Civac plant by March 2027, which Nissan has been operating for nearly 60 years. It was the company's first factory outside Japan, and currently builds the Navara and Latin America Frontier . A company spokesperson told Autonews a final decision hasn't been made about which plants it'll close next. The report also alleges that the Japanese automaker will dissolve its partnership with Mercedes-Benz early next year after it concludes producing two Infiniti crossovers, the QX50 and QX55, at its COMPAS facility. Nissan announced in January that it'd end production of the two models this December. Workers build the Infinitis alongside the Mercedes GLB . In addition to closing seven factories, reducing the number it operates to 10, Nissan aims to lower production capacity by 30 percent by 2027 and reduce its workforce by 20,000. In May, the company announced it had paused development of certain models , reassigning employees to 'focus on cost reduction initiatives,' even as the automaker works to reduce the time it takes to launch next-generation models. Nissan's Uncertain Future Nissan's new CEO has a lot of work to do, and it seems like every option is on the table. A report from earlier this month alleged Nissan might build Honda-branded trucks at its Mississippi factory. This would help Honda avoid President Donald Trump's tariffs on imported vehicles and allow Nissan to bring the factory's production capacity closer to full utilization. However, the company hasn't made any official announcements. The company is implementing its 'Re:Nissan' recovery plan, which includes laying off approximately 20,000 people, primarily through plant closures. It'll also work to bring its manufacturing utilization to 100 percent at its remaining factories. It'll also attempt to reduce engineering costs by 20 percent, while asking suppliers to take IOUs . If all goes according to plan, Nissan could save $3.4 billion. But this plan arrives after Nissan recorded a net loss of $4.5 billion last year. Here's More Nissan News: Nissan Just Issued a Major Recall for Its Funky Variable-Compression Engine The Nissan Z Is Crushing the Toyota Supra In Sales Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: Automotive News Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )