Latin America Brazil


  • RIO DE JANEIRO, Jan 29- Oil and gas fields already paid for and in production can sustain Brazilian state-run company Petroleo Brasileiro SA for two to three years of low prices, a board member for the firm told reporters on Friday. Today, the cost to carry on production will cost less or nearly nothing, "Petrobras board member Segen Estefen told reporters at an event...

  • BRASILIA, Jan 29- Brazil is losing the battle against the mosquito spreading the Zika virus, President Dilma Rousseff said on Friday, calling for a national effort to eradicate the insect. The virus has been linked to thousands of cases of babies being born in Brazil with microcephaly- meaning they have abnormally small heads and brains that have not developed...

  • It's a tough place for EM: JP Morgan CIO Friday, 29 Jan 2016 | 3:00 AM ET
    It's a tough place for EM: JP Morgan CIO

    Richard Titherington, CIO & Head of EM & APAC equities for J.P. Morgan Asset Management, says there are some attractive valuations in emerging markets despite their current weakness.

  • Zika virus outbreak in South America is different: Pro Friday, 29 Jan 2016 | 12:24 AM ET
    Zika virus outbreak in South America is different: Pro

    Amesh Adalja, senior associate at UPMC Center for Health Security, says this is the first time the virus has appeared in the western hemisphere.

  • Iowa, BoE, Rio: The Weekly Agenda Feb 1 Thursday, 28 Jan 2016 | 7:00 PM ET
    Iowa, BoE, Rio: The Weekly Agenda Feb 1

    What are all the events you need to watch out for in the week starting on February 1? Here's CNBC helpful look ahead.

  • SAO PAULO, Jan 28- Grupo BTG Pactual SA cut about 18 percent of Brazil- based staff on Thursday as the embattled investment-banking firm moved to reduce costs by 25 percent in the wake of the arrest of billionaire founder André Esteves. The bank had 1,653 staff in Brazil. On Wednesday, Reuters reported that up to 25 percent of Brazil employees could be fired to bring...

  • The global El Nino weather phenomenon associated with warmer-than-average Pacific surface temperatures off Peru tends to mean wetter conditions in southern Brazil, home to about 40 percent of the country's 200- million-plus-tonne grain crop. Nearly 200 townships in Brazil's southern states of Rio Grande do Sul Santa Catarina, Parana and Mato Grosso do...

  • SAO PAULO, Jan 28- Grupo BTG Pactual SA cut about 18 percent of Brazil- based staff on Thursday after the embattled investment-banking firm moved to reduce costs by 25 percent. In a securities filing, BTG Pactual dismissed 305 out of the 1,653 employees based in São Paulo, Rio de Janeiro and other Brazilian cities. No business area will be deactivated as a result of...

  • RIO DE JANEIRO, Jan 28- Brazil's Petrobras said on Thursday it will cut about one in five management jobs, streamline operations and boost oversight as the state-led oil company adapts to low oil prices and tries to boost confidence after a corruption scandal. Bendine and Petrobras are struggling with a nearly 50 percent decline in the price of oil in the past...

  • OSLO, Jan 28- The ethics watchdog for Norway's $800 billion sovereign wealth fund, the world's largest, is stepping up its scrutiny of companies the fund invests in to make sure they are not involved in corruption, an official at the watchdog told Reuters. Eli Ane Lund, administrative leader of the ethics council, said the watchdog was currently investigating 14...

  • Here are the world's most dangerous cities Thursday, 28 Jan 2016 | 11:50 AM ET
    Here are the world's most dangerous cities

    Heading on holidays? Little hint: avoid Latin America and these cities in particular.

  • As Zika virus spreads, no vaccine in sight Thursday, 28 Jan 2016 | 11:34 AM ET
    Child neurologist Vanessa Van Der Linden observes the X-ray of a baby's skull with microcephaly at the hospital Barao de Lucena in Recife, Brazil, January 26, 2016.

    A safe vaccine for the Zika virus will likely not be available this year or the following year, an NIH official said Thursday.

  • Zika epidemic on US doorstep spurs vaccine hunt Thursday, 28 Jan 2016 | 7:40 AM ET

    The rapid spread of the zika virus has spurred the hunt for a cure, but the financial incentive and likely length of time for a vaccine are unclear.

  • SAO PAULO, Jan 28- Debt restructuring firms are poised to pull in record amounts of business in Brazil this year as the country's worst recession in decades and a corruption probe that has cast a shadow over dozens of companies leads to a surge in defaults. Scenting an opportunity, U.S. restructuring shops including FTI Consulting Inc, Houlihan Lokey Inc, and...

  • Worries grow about the spread of the Zika virus Wednesday, 27 Jan 2016 | 2:59 PM ET
    Zika virus are spread by the bite of an infected Aedes mosquito.

    The outbreak of the mosquito-borne Zika virus has raised concern that the virus could spread throughout the US.

  • Apple's outlook is even worse than expected: Niles Wednesday, 27 Jan 2016 | 11:54 AM ET
    Apple store

    Tim Cook said Apple is experiencing "extreme conditions unlike anything we have experienced" in many markets.

  • BRASILIA, Jan 27- A Brazilian federal court has revoked a lower court's injunction that had suspended the operating license for the Belo Monte hydroelectric dam, one of the world's largest, Brazil's Energy Ministry said in a Twitter post on Wednesday. Belo Monte, a dam built on the Xingu River in the middle of the Amazon forest, will have a total installed capacity...

  • Jan 26- Airlines, hotels and cruise operators serving Latin America and the Caribbean are facing growing concern among travelers who had planned to visit countries potentially affected by Zika after the World Health Organization warned the virus is likely to spread to most of the Americas. Canada and Chile are the only countries in the Americas the virus is...

  • SAO PAULO, Jan 26- Most Latin American currencies strengthened on Tuesday as oil prices rose above $30 per barrel, fostering demand for commodity-linked assets. "Oil prices remain the main driver of currency movements this year," said Glauber Romano, a trader at Intercam brokerage in Sao Paulo. Mexico's central bank governor Agustin Carstens said over the...

  • Here’s what you need to know about Zika virus Tuesday, 26 Jan 2016 | 8:06 AM ET
    A man walks away from his home with his son as health workers fumigate the Altos del Cerro neighborhood as part of preventive measures against the Zika virus and other mosquito-borne diseases in Soyapango, El Salvador January 21, 2016.

    CNBC takes a look at Zika, a mosquito-borne virus spreading fast across the Americas and the Caribbean for which there is no cure.