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  • BRASILIA, Feb 11- Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday. Iran, which is boosting oil output after the end of sanctions over its nuclear program, is interested in exporting oil to...

  • RIO DE JANEIRO, Feb 11- A judge in Brazil's state of Minas Gerais has frozen 470 million reais of assets owned by Vale SA and 1.8 million reais linked to BHP Billiton Ltd to ensure payment of damages related to a deadly dam rupture, Rio de Janeiro's O Globo newspaper said on Thursday. A tailings dam at Samarco Mineração SA's main iron ore mine burst in early November,...

  • MEXICO CITY, Feb 11- A global selloff of riskier assets drove the Mexican peso to a record low on Thursday, spurring bets that the central bank of Latin America's No. 2 economy could hike interest rates ahead of the United States. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods.

  • MEXICO CITY, Feb 11- The Mexican peso slumped to a record low on Thursday while Colombia's peso also hit its weakest level ever as investors dumped riskier assets around the world. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods. Colombia's peso shed more than 1.4 percent to...

  • BRASILIA, Feb 11- Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday.

  • Brazil police arrest ex-president of construction company Thursday, 11 Feb 2016 | 12:57 PM ET

    SAO PAULO— Brazilian police have arrested the former president of construction giant Andrade Gutierrez for his suspected role in a bribery scandal involving the state-owned company that operates Brazil's two nuclear power plants. He was arrested in June 2015 and released into house arrest on Feb. 5. Prosecutors have said that Andrade Gutierrez and other...

  • RIO DE JANEIRO, Feb 10- A group of international investors and law firms are seeking compensation from Brazil's state-led oil company Petrobras under European law for losses allegedly suffered as the result of a giant price-fixing, bribery and political kickback scandal. SPCF believes it has a claim against Petrobras under European securities law because...

  • Venezuelan default: Worse than Argentina? Sunday, 7 Feb 2016 | 1:00 PM ET
    Students take part in a rally against President Nicolas Maduro's government in Caracas on Nov. 21, 2015.

    Markets are bracing themselves for the prospect of a calamitous debt default in Venezuela, which may be worse than Argentina's 2001 crisis.

  • SAO PAULO, Feb 5- Itaú Unibanco Holding SA, Brazil's largest private-sector bank, has for years traded at a premium to rival Banco Bradesco SA but many investors are betting the gap will narrow amid sharply diverging outlooks from the lenders. With Brazil facing its longest recession in a century, the banks' share prices will depend on how they navigate a slew of...

  • SAO PAULO, Feb 5- U.S. power utility AES Corp, Italy's Enel and several Brazilian rivals have shown preliminary interest in buying state-controlled power distributor Centrais Elétricas de Goiás SA, a group organizing the sale and a source briefed on the plan said. According to a website created by Brazil's Eletrobras, which has a controlling stake at Celg-D,...

  • RIO DE JANEIRO, Feb 5- Brazilian government health institute Fiocruz said on Friday it had discovered for the first time active Zika virus in saliva and urine samples and would investigate the possible transmission of the mosquito-borne virus through bodily fluids. Fiocruz made the discovery after analyzing samples from two patients and carrying out a...

  • SAO PAULO/ NEW YORK, Feb 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank president Arminio Fraga, is doubling down on contrarian bets on Mexico's currency and against Brazil's, a sign that disparities between Latin America's two biggest economies will grow faster. Gávea also kept bets against the currencies of Thailand, South...

  • Mosquito repellant sales boom in Brazil amid Zika scare Thursday, 4 Feb 2016 | 11:22 PM ET

    Following the detection of Zika in April, sales of repellant in Brazil rose by one-third last year, according to consumer research firm Nielsen, doubling revenue for the sector to $55.7 million. Brazil's biggest retailer, the Pao de Acucar Group, said supermarket sales of repellant were up 120 percent in the first weeks of 2016, compared to the same period a year...

  • SINGAPORE, Feb 5- Chicago wheat ticked higher on Friday on bargain-buying, but remained on track for its biggest weekly decline since late December as U.S. shipments struggle to find buyers. Soybeans rose, snapping two sessions of decline, although prices were capped by forecasts of improved weather conditions in Argentina. *Corn and soybean futures have felt...

  • BRASILIA/ SAO PAULO, Feb 4- Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the local automotive sector had its worst January in a dozen years. In a brief interview with Reuters, Trade Minister Armando Monteiro said he would propose free trade in vehicles and auto parts when he travels next week...

  • Carnival cancelled across Brazil Thursday, 4 Feb 2016 | 9:44 AM ET
    Members of Unidos da Tijuca Samba School during their parade at 2014 Brazilian Carnival at Sapucai Sambadrome on March 03, 2014 in Rio de Janeiro, Brazil.

    While Rio dances samba for the next few days, other cities have had to cancel carnival festivities as the recession bites.

  • Feb 3- Top U.S. airlines United and Delta have offered to re-assign certain flight crew concerned about contracting the Zika virus from routes to Latin America and the Caribbean, the companies told Reuters on Wednesday. Delta Air Lines Inc has also let flight attendants and pilots switch assignments since Jan. 17, and "a small number of crew members have swapped...

  • Feb 3- United Airlines has offered to re-assign pregnant flight attendants concerned about contracting the Zika virus from routes to Latin America and the Caribbean, according to a memo seen by Reuters. "We have immediate concern about our members' health," said Sara Nelson, international president of the Association of Flight Attendants-CWA, when asked for...

  • SAO PAULO, Feb 3- Logistics firm Hidrovias do Brasil plans to start exporting from a new grain terminal in the Brazilian Amazon in July, serving international merchants, CEO Bruno Serapião said. Commodities traders Noble Agri and Holland's Nidera, both controlled by Chinese food giant COFCO, as well as Multigrain, a Brazilian subsidiary of Japan's Mitsui,...

  • Dallas reports sexually transmitted Zika case Wednesday, 3 Feb 2016 | 11:16 AM ET
    An Aedes Aegypti mosquito seen on a human hand in a lab of the International Training and Medical Research Training Center (CIDEIM) in Cali, Colombia February 2, 2016.

    Officials say a person who hadn't traveled got the Zika virus after having sexual contact with someone who'd been to Venezuela. NBCNews reports.