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  • LIMA, July 18- A World Bank panel rejected a lawsuit filed against Peru which charged the nation with failing to clean up pollution tied to a smelter, the government said on Monday, but the company bringing the suit pledged to refile it immediately. New York- based Renco Group Inc sued Peru for $800 million in 2011, accusing it of failing to clean the soil around the La...

  • LIMA, July 18- A World Bank panel has rejected an $800 million lawsuit filed against Peru for allegedly failing to clean up and take legal responsibility for pollution tied to a smelter in the South American nation, the Peruvian government said on Monday. New-York- based Renco Group Inc sued Peru in 2011, accusing it of failing to clean the soil around the La Oroya...

  • SAO PAULO, July 18- Most Latin American stocks and currencies rose on Monday as traders unwound safety bets after a military coup attempt in Turkey proved unsuccessful. "After a busy and somewhat fraught end to the trading week, markets are relatively calm as the situation in Turkey stabilizes," Scotiabank analysts wrote in a client note. Power utility Light SA,...

  • European Equities

    European stocks were oversold on the Brexit risk, which will actually take a while to materialize, says Riedel Research Group's David Riedel.

  • Oil crude oil

    Colombia's oil-reliant economy appears to be navigating global uncertainty that has hammered places like Venezuela and Brazil.

  • MONTREAL/ SAO PAULO, July 15- Canada insisted on Friday that it plays by international trade rules after Brazil warned it may challenge government funding to planemaker Bombardier Inc, a move that would revive a two-decade-old dispute between the two countries. Brazilian Foreign Minister Jose Serra told Reuters on Thursday it could move against Canada at the...

  • SAO PAULO, July 15- Brazil's federal prosecutors and state-controlled oil company Petroleo Brasileiro SA said they signed a leniency deal on Friday with Netherlands shipleasing firm SBM Offshore NV aimed at obtaining more evidence in the South American country's widest-ever corruption probe. SBM, which has been accused of paying bribes to executives of...

  • SAO PAULO, July 15- Brazil's São Paulo state said it was considering the sale of its controlling stake in the country's No. 4 electricity generator, CESP, triggering a 19 percent surge in the price of its preferred shares. Earlier, a source present at a Friday investor meeting arranged by JPMorgan Chase& Co quoted Villela as saying Brazil's development bank BNDES...

  • SAO PAULO, July 15- Regulatory changes under Brazil's interim President Michel Temer could soon facilitate a sale by Sao Paulo's state government of its controlling interest in power utility Cesp SA, a state official said on Friday. Sao Paulo Finance Secretary Renato Villela, told Reuters in a phone interview that no final decisions about a possible...

  • SAO PAULO, July 15- Shares of Cesp had their biggest jump in eight years on Friday after São Paulo state, the company's main shareholder, unveiled plans to sell control of Brazil's No. 4 electricity generator. According to a source present at a Friday investor meeting arranged by JPMorgan Chase& Co, state Finance Secretary Renato Villela said Brazil's...

  • SAO PAULO, July 15- State-controlled lender Caixa Econômica Federal is in talks with Brazil's government to win approval for a cut of up to 75 percent in annual dividend payouts for this year to protect capital, Chief Executive Officer Gilberto Occhi said in an interview. Brasilia- based Caixa Econômica, which is 100 percent- owned by Brazil's National...

  • FRIDAY, JULY 15 ANKARA- Launch of OECD Economic Survey of Turkey. PHNOM PENH- International Monetary Fund representative in Cambodia holds press conference about economy- 0600 GMT. TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT.

  • BRASILIA/ SAO PAULO, July 14- A college dropout born in exile during Brazil's long military dictatorship was elected as the new speaker of the house for Latin America's biggest nation, thrusting his center-right party back into the spotlight amid deep political turbulence. The selection on Thursday of Rodrigo Maia, the pragmatic 46- year-old scion of a...

  • Olympic games pose Zika threat to four countries

    Four countries face the highest risk of a Zika outbreak if one of their residents traveling to Rio contracts the virus.

  • THURSDAY, JULY 14 WASHINGTON- International Monetary Fund's head Christine Lagarde speaks at Center for Global Development in Washington on "Redoubling our Resolve for Global Development". PRETORIA- South African central bank Deputy Governor Kuben Naidoo speaks at South Africa's first ever Public Economics Winter School, where tax policy, industrial...

  • LIMA, July 13- Peru's President-elect Pedro Pablo Kuczynski called Peru's air quality standards "unrealistic" on Wednesday and proposed lowering them to spur investments in smelters that would boost the country's key mineral exports. Kuczynski, a 77- year-old former investment banker who will take office on July 28, said the value of Peru's mining exports...

  • SARAJEVO- European Bank for Reconstruction and Development Vice President Philip Bennett visits Bosnia. MANILA- Philippines central bank governor Amando Tetangco to speak at the central bank's luncheon for stakeholders- 0200 GMT. SARAJEVO- European Bank for Reconstruction and Development and Bosnia to sign a 71 million euro infrastructure loan- 0730 GMT.

  • BRASILIA, July 12- Brazilian customs workers will start an indefinite strike on Thursday over wage increases, their union said on Tuesday, just three weeks ahead of the Olympics when thousands of tourists are expected to flock the South American country. A crippling political and economic crisis as well as the spread of the mosquito-borne Zika virus have...

  • BRASILIA, July 12- Brazilian customs workers will start an indefinite strike on Thursday over wage increases, their union said on Tuesday, just three weeks ahead of the Olympics when thousands of tourists are expected to flock the South American country. A crippling political and economic crisis as well as the spread of the mosquito-borne Zika virus have...

  • SAO PAULO, July 12- GPA SA, Brazil's biggest retailer, booked accelerating sales growth for the second quarter, lifting shares to a two-month high on hopes that the company had turned a corner after two years of grinding recession. Preferred shares in GPA rose 4 percent in Sao Paulo trading to their highest levels since May 3. To be sure, government retail sales data...