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Latin America Brazil

  • LISBON, Portugal-- Portugal's government says Latin American company Synergy Aerospace is the only candidate in the running to buy state airline TAP Air Portugal. The airline's main appeal is its more than 70 weekly flights from Portugal to Brazil and about the same number to Africa. Synergy Aerospace owns Colombia's Avianca.

  • PARIS-- Shoe hats, lobster dresses, and spiraling goggle glasses could easily be part of a closet inventory belonging to Lady Gaga. The house of the influential fashion designer, and hated rival of Coco Chanel, is being revived this fall, in one of the most highly anticipated fashion events of 2012 in Paris.

  • BEIJING-- China's economic growth tumbled to the lowest in more than three years in the latest quarter but retail sales and other activity accelerated in a sign a recovery from the painful downturn is taking shape.

  • Offshore drilling contractor Noble Corp. said Wednesday that its third-quarter net income fell 15 percent because of delays for ships and rigs in the Gulf of Mexico and offshore Brazil. The Zug, Switzerland, company's net income totaled $114.8 million, or 45 cents per share, in the three-month period that ended Sept. 30.

  • The International Olympic Committee has signed a deal with U.S. sportswear giant Nike to supply uniforms and products to members and staff. IOC members will wear Nike outfits at the 2014 Winter Games in Sochi, Russia, and 2016 Summer Olympics in Rio de Janeiro, as well as various other meetings and events.

  • SAO PAULO-- The Inter American Press Association says violence and authoritarian governments are the main problems independent press outlets face in Latin America. It says that in the past six months 13 journalists have been murdered in Mexico, Honduras, Brazil, and Ecuador "for the simple fact that they were doing their work."

  • CHICAGO-- W.W. Grainger Inc., which sells power tools and other industrial equipment, said Tuesday that its third-quarter net income fell 15 percent, in part because it set aside money for an anticipated settlement related to some government contracts.

  • After the estimated number of Mexicans visiting the city nearly doubled in six years, tourism arm NYC& Co. is ramping up its presence in Mexico City, part of its series of far-flung tourism offices. "We want to be visible and make sure we're top of mind" to Mexican travelers, NYC& Co. chief executive George Fertitta said.

  • Separately, the check-in system at Tam airlines, Brazil's biggest, was down for three hours early Monday at all locations around the world where the company operates, adding to the air transport chaos in Latin America's biggest nation.

  • TOKYO-- Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ended an annual meeting of the International Monetary Fund.

  • BEIJING-- China's import growth recovered slightly in September but was weak, suggesting that a recovery for the world's second-largest economy from a painful slump has yet to take hold. The World Bank cut its growth forecast for China this year to 7.7 percent from its May outlook of 8.2 percent.

  • TOKYO-- Despite making progress on getting its fiscal house in order, the United States still has much work to do, Treasury Secretary Timothy Geithner told fellow financial leaders Saturday.

  • Best Sommelier of the America's Competition

    The best of the best from North and South America are preparing to go "palate to palate" in Brazil next week, with the "Closing Bell" crew.

  • UnitedHealth Group Inc. has spoiled the surprise for investors by already stating that its third-quarter net income will top Wall Street expectations, but the nation's largest health insurer will release more details on Tuesday.

  • They fault President Barack Obama and his Environmental Protection Agency for new clean air rules they deride as a devastating blow to a multibillion-dollar industry that has been the lifeblood of Appalachia for generations.

  • Tusk said he would find billions of euros for investment in energy and other infrastructure projects, while at the same time keeping a tight rein on government borrowing in Poland, eastern Europe's largest economy. Poland has been a rare bright spot in Europe over the past few years, managing to sustain robust growth even while its neighbours slumped.

  • *Telefonica to provide 110 mln euros in vendor financing. *Telefonica shares flat vs lower Spanish index. MADRID, Oct 12- Spain's Telefonica is selling its Atento call centre business to U.S. private equity firm Bain Capital for about 1 billion euro, including debt, as it battles to reduce its borrowings.

  • Tusk said he would find billions of euros for investment in energy and other infrastructure projects, while at the same time keeping a tight rein on government borrowing in Poland, eastern Europe's largest economy. Poland has been a rare bright spot in Europe over the past few years, managing to sustain robust growth even while its neighbours slumped.

  • SAO PAULO-- Construction of the Olympic golf course in Rio de Janeiro has yet to start as planned, and a ruling by a local court could lengthen the delay even further. Brazil's Higher Court of Justice ruled last week that a Rio tribunal was wrong in denying an appeal by the company, Elmway Participacoes, meaning the case will likely drag on for several more months.

  • Oct 12- Fitch Ratings has upgraded Cummins, Inc.' s Issuer Default Rating and long-term debt ratings to' A' from' A-'. The Rating Outlook is Stable. Debt to EBITDA at July 1, 2012 was 0.31 times, which is lower than many other' A' rated peers, and has been well below 1.0 x during the past several years.