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Latin America Brazil

  • Oct 24- Thermo Fisher Scientific raised its full-year forecast for the second time this year as the world's largest laboratory equipment maker benefited from its presence in Asia, even as the weak U.S. and European economies dragged on its competitors.

  • SAO PAULO, Oct 24- Brazil will raise the required amount of ethanol blended into gasoline to 25 percent from the current 20 percent by the end of June next year, the country's oil regulator said on Wednesday. Brazil had lowered the amount of ethanol in gasoline to 20 percent in October 2011 due to a shortage of the biofuel and an increase in its price.

  • *Sugar market awaits crush update from Brazil's Unica. LONDON, Oct 24- ICE raw sugar turned higher on Wednesday, lifting off a three-week low as traders positioned themselves ahead of a report from Brazilian cane industry association Unica due later in the day.

  • *Group beer volumes fall in western Europe, rise elsewhere. *Shares down 2.6 pct, among weakest in Europe. BRUSSELS, Oct 24- Heineken NV, the world's third-largest brewer, reported stronger than expected third-quarter group revenue on Wednesday, boosted by U.S. and emerging market strength and price hikes, but investors focused on weakness in Europe.

  • *Wheat up as Ukraine to ban wheat exports in Nov.

  • BUENOS AIRES, Oct 23- Flooding in Argentina's Pampas grains belt has allowed fungus-based diseases to attack wheat crops already hobbled by scant planting while more wet weather puts off soy and corn seeding until next week, analysts said on Tuesday.

  • NEW YORK, Oct 23- AK Steel Holding Corp might be interested in the two steel mills in Brazil and the United States that Germany's ThyssenKrupp has put up for sale, the U.S. company's chief executive said on Tuesday.

  • *Adds to views that Brazil's banks headed for rough patch. *Itau's expense, provision cuts may help stem profit drops.

  • José Luiz Gandini, the head of Kia in Brazil, told reporters at the Sao Paulo auto show that corporate strategy has given priority to affiliate Hyundai Motor Co for a major investment for a new factory in Brazil.

  • CONAKRY, Oct 23- Two years ago, Guinea's first freely-elected president Alpha Conde promised to unite ``every son'' of his nation; today the man with ambitions to become West Africa's Nelson Mandela is struggling to halt a wave of ethnic unrest.

  • MILAN-- An Italian investigation into alleged corruption in the awarding of international contracts to aerospace and defense giant Finmeccanica led to the arrest Tuesday of the company's former commercial director and has implicated a former Cabinet minister.

  • Perhaps that's why famous pals Katie Holmes and Julianna Margulies joined Narciso Rodriguez as he launched a limited-edition collection with a more affordable national retailer. Holmes walked the red carpet at the launch party Monday in New York for Rodriguez's line for Kohl's Corp..

  • BUENOS AIRES, Argentina-- Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.

  • SAO PAULO-- Officials say German automaker BMW AG will build a factory in southern Brazil. Raimundo Colombo says BMW will invest approximately 1 billion reals to build the plant. Colombo tells the state government's website he will meet with President Dilma Rousseff on Monday "to explain details of the investment."

  • SAO PAULO-- Brazil's national electricity grid is bracing itself for possible power outages Friday night as television airs the final chapter of the smash soap opera has enthralled Latin America's biggest country for months.

  • RIO DE JANEIRO-- Brazil's president used her veto power to slash through the new Forest Code, making the environmental law a little tougher on large agricultural interests by strengthening reforestation requirements along river banks, a decree published by the government said Thursday.

  • HOUSTON-- Weak activity in North America and the falling number of operating rigs in the worldwide drove third-quarter net income down by 61 percent at Baker Hughes. "Activity was less than planned in several key geomarkets for Baker Hughes, resulting in an unfavorable mix," said CEO Martin Craighead. "

  • GAINING GRAINS: Prices rose for wheat, corn and soybeans as adverse weather hit key farming regions in Brazil and Argentina. Although it's early in the season, some investors questioned whether the problems will wind up hurting the harvest. China said its economy grew in the July-through-September period from the year-ago quarter.

  • Brazil and Argentina are huge producers of corn and soybeans. Although it's still early in the season, investors have shifted their focus from concerns about demand in the slower global economy to questions about supplies, said Mike Zuzolo, president of Global Commodity Analytics and Consulting LLC.

  • The layoffs will affect workers at the company's Fuel Systems Plant in Columbus, Columbus MidRange Engine Plant or the Seymour Engine plant, Cummins spokesman Jon Mills told The Republic for a story Thursday.