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  • BRASILIA, July 27- Brazil's largest party is standing by deeply unpopular President Dilma Rousseff for now despite the defection of one of its own leaders, but that could change if an expected recession stirs up social unrest, party leaders say. Eduardo Cunha, speaker of the lower house of Congress, broke off ties with Rousseff and wants his Brazilian Democratic...

  • MELBOURNE, July 27- London copper slipped on Monday to trade near its weakest in six years, as concerns over demand in top user China was compounded by a seasonal slowdown in manufacturing activity over the summer and ample supply. *Three-month copper on the London Metal Exchange edged down by 0.3 percent to $5,246.50 a tonne by 0038 GMT, after also ending softer on...

  • SANTIAGO, July 24- A Chilean mining contract worker was shot dead by police on Friday during a protest against state-owned copper company Codelco, prompting union leaders to say a four-day strike would intensify. The CTC did not elaborate on how it would escalate the labor dispute, which has already forced the suspension of operations at Codelco's Salvador...

  • July 24- Prosecutors and federal police in Brazil unearthed the country's largest-ever corruption scandal by tying a ring of black-market money changers to a price-fixing and political kickback scheme at state-run oil firm Petrobras. Executives from two dozen engineering firms are accused of inflating the value of service contracts and funneling the...

  • RIO DE JANEIRO, July 24- More than a thousand taxi drivers protested in Rio de Janeiro on Friday against ride-sharing company Uber, blocking roads and stalling traffic during morning rush hour as tensions rise in the city over the mobile app ride service. Uber Technologies Inc responded by offering free rides to customers to help alleviate transport issues on...

  • Brazilian oil workers go on a 24-hour strike Friday, 24 Jul 2015 | 11:41 AM ET

    SAO PAULO— Tens of thousands of workers at Brazil's state-owned Petrobras went on a nationwide 24- hour strike on Friday to protest the oil company's plans to sell $15.1 billion worth of assets by the end of next year to help pay off a debt of about $120 billion. Caroline Cavassa, a press officer for the National Oil Workers Federation, said 90 percent of the...

  • SANTIAGO, Chile— A mining contractor was shot dead early Friday in Chile after clashing with police during protests against the state-run copper giant Codelco. The Confederation of Copper Workers said that Nelson Quichillao, 47, was shot by police at 2:00 a.m. near Codelco's Salvador mine in the northern Atacama region. The state-run miner said another...

  • Brazil's unemployment rates rises Thursday, 23 Jul 2015 | 10:57 AM ET

    SAO PAULO— Brazil's government says the jobless rate in Latin America's largest country rose for the sixth straight month in June. The country's IBGE statistics bureau said Thursday that the unemployment rate in June was 6.9 percent, against 6.7 percent in May and 4.8 percent in June of last year. IBGE said that the jobless population in June remained stable at...

  • SANTIAGO, July 23- Chile's salmon farmers are using record levels of antibiotics to treat a virulent and pervasive bacteria, driving away some U.S. retailers including Costco Wholesale Corp, which is turning to antibiotic-free Norwegian salmon. Still, amid growing concerns in the U.S. food industry that heavy use of antibiotics in animals can spawn...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • SAO PAULO— Brazilian President Dilma Rousseff has been given until the end of Wednesday to provide the Federal Audit Court with her written explanation for alleged irregularities in accounting methods her government used in 2014.. They then go to Congress, which can decide whether to approve the administration's finances for the previous year.

  • DIARY-Emerging Markets Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:01 PM ET

    PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT. ANKARA- Central Bank of Turkey to hold monetary policy committee meeting to set interest rates. JERUSALEM- Bank of Israel interest rate decision- 1330 GMT.

  • SAO PAULO— Three top officials of Brazil's Camargo Correa construction company have become the first business executives to be convicted in the corruption-kickback scandal engulfing state-run oil company Petrobras. Dalton Avancini, Camargo Correa's chief executive officer; Eduardo Leite, the company's vice president; and Joao Auler, the company's...

  • RIO DE JANEIRO, July 20- Three executives of Brazil's Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. The ruling was handed down by Judge Sergio Moro of Brazil's...

  • Belo Monte's second line will be Brazil's longest, stretching 2,500 kilometers from the hydroelectric complex in northern Para state in the Amazon jungle to southeastern Rio de Janeiro. The Chinese state-owned company, which had already won the concession for the first line in 2013, bid against Spain's Abengoa in the auction for the project estimated to...

  • RIO DE JANEIRO, July 16- Brazil's state-run oil company Petroleo Brasileiro SA is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners, a company executive said on Thursday. Petrobras, as the company is known, is looking to sell assets as it battles to survive a combination...

  • SAO PAULO, July 16- Federal prosecutors in Brazil have opened a formal inquiry into whether former President Luiz Inácio Lula da Silva improperly used his connections overseas to benefit Latin America's largest engineering firm, Odebrecht SA, a spokeswoman said on Thursday. The inquiry puts the legacy of one of Brazil's most popular former leaders on the...

  • Prosecutors investigate Brazil's former president Thursday, 16 Jul 2015 | 3:50 PM ET

    A press officer for the Federal Prosecutor's Office said that enough evidence has been gathered to warrant a full-fledged probe of Silva's alleged overseas lobbying for Brazil's biggest builder. Prosecutors are trying to determine if Silva swayed foreign leaders to award inflated billion-dollar contracts to Odebrecht, and pushed Brazil's state...

  • SAO PAULO, July 16- Federal prosecutors in Brazil have opened a formal inquiry into whether former President Luiz Inácio Lula da Silva improperly used his connections overseas to benefit Latin America's largest engineering firm, Odebrecht SA, a spokeswoman said on Thursday. The investigation comes a month after Brazil- based Odebrecht's chief executive...

  • July 16- Zodiac Aerospace said it is considering moving machinery from a U.S. factory crippled by a powerful explosion on Tuesday so that it can continue making aircraft interior composite panels needed by the booming aviation industry. Airbus did not immediately respond to requests for comment. Boeing and Airbus are churning out more than 100 jetliners a...