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(MENAFN - AFP) A probe into a multibillion-dollar graft scandal at state oil giant Petrobras will not extend to President Dilma Rousseff, Brazilian media reported Thursday.

Prosecutor general Rodrigo Janot on Tuesday said he wants to open investigations into 54 people, including politicians who would normally enjoy parliamentary immunity.

Janot is set to ask the Supreme ...

(MENAFN - AFP) Parmesan makers cried foul Thursday over the huge scale on which the famous Italian cheese is copied in the United States.

For the first time, the number of wheels of cheeses made outside Italy in the style of the celebrated Parmigiano Reggiano and the similar Grana Padano now exceeds production in their Italian home regions, the country's biggest agriculture ...

(MENAFN - AFP) Emirates Airlines is considering the purchase of up to 70 twin-engine Airbus A350s or Boeing 787s, company president Tim Clark said in Berlin Thursday, which would bolster the carrier's long-haul fleet.

Clark remained vague on the number and maker of twin-engine wide-body planes, but said the acquisition was part of Emirates's efforts to increase its share ...

(MENAFN - AFP) Mexico's President Enrique Pena Nieto ended his three-day state visit to Britain on Thursday by overseeing the signing of deals that boost ties between the two countries in energy, including a $1 billion oil agreement.

Under the deal, Britain will provide Mexican energy firms with a $1 billion credit line (908 million euros) for buying British technology.

Pena ...

(MENAFN - AFP) Russian inflation reached 16.7 percent in February as lower oil prices and Western sanctions over Ukraine caused the biggest jump in prices over one year since 2002, the state statistics service said Thursday.

Prices rose a further 2.2 percent in February after leaping 3.9 percent in January -- a rate unseen in 16 years -- as the economy remains fragile after ...

(MENAFN - AFP) Ireland's state-rescued Allied Irish Banks posted its first annual profit since 2008 on Thursday as income jumped and an improving Irish economy allowed for the reversal of write-downs.

Net profits, or earnings after taxation, were 915 million euros ($1.010 billion) last year. That compared with a loss of 1.59 billion euros in 2013, AIB said in a results statement.

Pre-tax ...

(MENAFN - AFP) International supermarket group Carrefour recorded a solid rise in operating profit in 2014, but said Thursday that net profit fell as it invested in improving the shopping centres that host its stores.

The world's number two supermarket group said operating profit from recurring business rose 6.7 percent to 2.38 billion euros ($2.63 billion) while net earnings ...

(MENAFN - AFP) The euro slumped to an 11-year-low against the dollar and stocks finished up on Thursday after the European Central Bank said it will begin a 1.1-trillion-euro bond buying programme next week.

The euro sank to $1.0988 -- Its weakest level since September 2003 -- after trading at $1.1080 late in New York on Wednesday.

The euro's further tumble came after ...

(MENAFN - AFP) The European Central Bank expressed confidence Thursday that its bond buying programme, which begins next week, would help drive the eurozone economy out of its doldrums, but the bank retained its tough-talking stance on Greece.

At the ECB's regular policy meeting, held in Nicosia, Cyprus this time instead of the usual venue of Frankfurt, the governing council ...

(MENAFN - AFP) They have fighter jet-type accelerations, custom-made interiors and seven-figure price tags: "supercars" are centre stage at the Geneva Motor Show, even as one of its legendary stars is bowing out.

The last Bugatti Veyron ever to be made has pride of place at the show for auto enthusiasts to bid farewell after the brand announced last month that it had sold ...

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