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Latin America Argentina

  • LIMA/ QUITO, Dec 22- Politicians and investigators across Latin America demanded more information from Brazil- based construction giant Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. Guilty pleas on Wednesday from Odebrecht and Braskem SA, the petrochemical company it jointly owns with Brazil's state-run oil...

  • BUENOS AIRES, Dec 22- Argentina's economy shrank 0.2 percent in the third quarter versus the second quarter of 2016, remaining mired in recession during the first year of President Mauricio Macri's center-right administration, government data showed on Thursday. It marked the fourth consecutive quarter of contraction. Compared with the same period in...

  • BUENOS AIRES, Dec 22- Argentina's congress approved a reform to the country's income tax code on Thursday after President Mauricio Macri's government reached a deal with unions and governors to quash a competing proposal from opposition lawmakers. The lower house passed the measure by a 166-5 vote, after it easily passed the Senate 55-2 on Wednesday.

  • BUENOS AIRES, Dec 22- Argentina said on Thursday that the economy shrank 0.2 percent in the third quarter versus the second quarter of 2016, as the economy remained mired in recession during the first year of President Mauricio Macri's administration.

  • Dry weather in Brazil is worrying soybean traders, sending prices up amid the backdrop of rising consumption in China as the middle class grows.

    China’s growing middle class are propping up sales of luxury goods, box-office receipts and soybeans.

  • SYDNEY, Dec 21- U.S. soybean prices rose on Wednesday, rebounding from a one-month low touched in the previous session, although improving production prospects in South America pressured the market. *The most active soybean futures on the Chicago Board of Trade climbed 0.35 percent to $10.08-3/ 4 a bushel. *The most active corn futures advanced 0.14 percent to...

  • WINNIPEG, Manitoba, Dec 20- U.S. soybean futures tumbled to a nearly one-month low on Tuesday, as rain in Argentina's dry crop belts kept South America on track for a bumper harvest. The most active soybean futures contract on the Chicago Board Of Trade lost 1.5 percent, or 16-1/ 4 cents, at $10.05-1/ 4 a bushel. Rain expected in Argentina this week has eased concerns...

  • BUENOS AIRES, Dec 16- Chile would welcome Argentina as a member of the Pacific Alliance trade bloc, a group of four historically market-friendly Latin American countries, Chilean President Michelle Bachelet said during a state visit to Argentina on Friday. In June, Argentina was granted observer status to the group, which includes Chile, Colombia, Mexico and...

  • BUENOS AIRES, Dec 15- As Argentina's economy remains mired in recession and high inflation one year into President Mauricio Macri's term, economists have begun to doubt the central bank can reach its inflation targets after rate cuts some have called unjustified. The monetary authority, run by former chief of Buenos Aires city bank and Macri-appointee...

  • BUENOS AIRES, Dec 15- Argentina's consumer prices rose 1.6 percent in November, the official Indec statistics agency said on Thursday, a slower rate than last month but still above the central bank's target. It was driven by an increase of 1.9 percent in food and drink prices, while public transportation prices also rose after a 40 percent increase in Buenos Aires...

  • BUENOS AIRES/ CARACAS, Dec 14- Venezuelan President Nicolas Maduro said his foreign minister was "thrown to the ground" by Argentine authorities on Wednesday after attempting to crash a Mercosur trade bloc meeting in Buenos Aires, following Venezuela's suspension from the group earlier this month. OPEC member Venezuela was expelled from Mercosur this month...

  • The meeting, at Argentina's foreign ministry in Buenos Aires, also grouped fellow South American nations Brazil, Uruguay, Bolivia and Paraguay. Venezuela does not need an invitation because it is for the time being president of Mercosur. " Venezuela was expelled from Mercosur this month in part due to concerns about the government's human rights record.

  • Argentina's President Mauricio Macri waves after being sworn-in as president at Casa Rosada Presidential Palace in Buenos Aires, Argentina, December 10, 2015.

    Argentina is emerging from an econ slump and shaking off the effects of a debt default that earned it a rep as an investment pariah.

  • BUENOS AIRES/ BRASILIA, Dec 2- An increasingly isolated Venezuela accused the Mercosur trade bloc of staging a "coup" on Friday after member nations suspended the socialist nation for failing to fulfill membership requirements. In an official letter addressed to Venezuela's Foreign Minister Delcy Rodriguez and seen by Reuters, Mercosur informed Venezuela...

  • BRASILIA, Dec 1- Venezuela will be suspended from the Mercosur regional trade bloc as early as Friday for failing to meet membership requirements, a Brazilian official said, in the latest blow to the oil-producing country during a deep political and economic crisis. According to the official, who asked for anonymity because of the sensitivity of the issue,...

  • BRASILIA, Dec 1- Venezuela will probably be suspended from the Mercosur regional trade bloc for failing to meet membership requirements, three Brazilian government sources said on Thursday, in another blow to Caracas during a deep political and economic crisis. Venezuela had until Thursday to meet requirements that included economic, human rights and...

  • BRASILIA, Dec 1- Venezuela will probably be suspended from the Mercosur regional trade bloc for failing to meet membership requirements, three Brazilian government sources said on Thursday, in another blow to Caracas during a deep political and economic crisis. Venezuela had until Thursday to meet requirements that included economic, human rights and...

  • BUENOS AIRES, Nov 25- Argentina's unemployment rate dropped to 8.5 percent in the third quarter of the year, the government's Indec statistics agency said in a report on Friday, a bright spot in a slew of poor economic data for the recession-stricken country. The decline in joblessness will provide some relief for President Mauricio Macri, whose center-right...

  • BUENOS AIRES, Nov 25- Argentina had 8.5 percent unemployment in the third quarter of the year, the government's Indec statistics agency said in a report on Friday, down from 9.3 percent in the second quarter.

  • BUENOS AIRES, Nov 24- Argentina's economic activity shrank 3.7 percent in September versus a year earlier, according to official data released on Thursday, the seventh straight month of contraction despite government promises of an investment-driven recovery. Since taking office a year ago, President Mauricio Macri has implemented open-market reforms...