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  • MercadoLibre beats 1Q profit forecasts Wednesday, 6 May 2015 | 4:42 PM ET

    BUENOS AIRES, Argentina _ MercadoLibre SA on Wednesday reported first-quarter profit of $1.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. MercadoLibre shares have risen 16 percent since the beginning of the year.

  • CARACAS, May 6- Venezuela is investigating whether drug companies including Germany's Merck KGaA and Bayer AG have improperly profited from subsidized foreign exchange amid growing medicine shortages, the country's health minister said. Those firms have received a favorable exchange rate through Venezuela's currency controls to produce or import...

  • CARACAS, Venezuela— Two Venezuelans who emigrated to escape the country's economic woes are drawing laughs with a mobile game mocking President Nicolas Maduro for his decision to give a new home to a woman who threw a mango at him seeking attention for her plea to get housing. Players are also rewarded for pelting National Assembly President Diosdado Cabello...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • LISBON, May 5- A long-expected consolidation of Brazil's telecoms industry that is likely to involve rivals Oi and TIM has run into delays but should go ahead in 2016, a representative of Oi's largest shareholder, Portugal Telecom SGPS, said on Tuesday. Rafael Mora, who is a board member of both PT and Oi, said changes to the shareholder structure of Telecom Italia-...

  • 2nd death in Peru anti-mining protests Tuesday, 5 May 2015 | 2:53 PM ET

    LIMA, Peru— A more than month-long protest against a copper mining project in southern Peru has claimed a second life, a 35- year-old protester who a local mayor says was killed by a police bullet. Mayor Richard Ale of Islay province says Henry Checcla died early Tuesday in a clash that began Monday night when about 500 protesters tried to block a highway and were...

  • BUENOS AIRES, May 5- Argentina soyoil shipments were slowed on Tuesday by the start of a wage strike by a union representing 20 percent of the country's crushing workers, while the powerful CGT dock-workers union debated whether to join work stoppage. If the soyoil workers strike spreads to other unions representing stevedores at Argentina's key grains hub of...

  • CARACAS, Venezuela— Ever since he was a young man, one of Guillermo Matos' small pleasures has been a mid-month round of cocktails with friends. But with Venezuela's economic crisis putting its price out of reach, the 45- year-old men's tie store owner has had to change his ways, going local and switching to his country's internationally lauded rum.

  • SAO PAULO, May 4- Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision last week to release from jail nine executives at construction companies suspected of paying bribes in the scheme, and put them...

  • Brazil weighs investigating ex-leader Silva Monday, 4 May 2015 | 4:21 PM ET

    RIO DE JANEIRO— Federal prosecutors in Brazil confirmed Monday that they are weighing whether to open a full investigation into former President Luiz Inacio Lula da Silva's alleged overseas lobbying efforts for the scandal-plagued construction firm Odebrecht, the nation's biggest builder. In an emailed statement, the federal prosecutors' office said it...

  • BERLIN, May 4- European aviation safety regulators introduced new training requirements on Monday to help prevent accidents by pilots losing control of planes in-flight, such as during a stall or in bad weather. In one such accident, an Air France jet flying between Rio de Janeiro and Paris plunged into the Atlantic Ocean during a storm in June, 2009, killing all...

  • CARACAS, Venezuela— President Nicolas Maduro raised Venezuela's minimum wage Friday for the second time this year to help workers being battered by the world's highest inflation. Speaking at a May Day rally, the socialist leader said he is boosting the minimum wage and pensions for retirees by 30 percent, with two-thirds of the increase coming this month and...

  • Argentina's capital is world capital of bookstores Friday, 1 May 2015 | 12:00 AM ET

    From hole-in-the-wall joints with used copies of works by Jorge Luis Borges, Miguel de Cervantes and Gabriel Garcia Marquez to elegant buildings with the latest children's books in several languages, Buenos Aires is filled with locales that pay homage to print. With a population of 2.8 million people within the city limits, there are 25 bookstores for every...

  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • *Brazil's Rousseff to visit Washington in June. BRASILIA, April 30- After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Although it is too early to launch a full-out trade dispute, Brazil plans to apply pressure on...

  • RIO DE JANEIRO— A Rio de Janeiro judge has ordered the return of several luxury cars and other high-ticket items to Brazil's one-time richest man, Eike Batista, who is fighting insider trading and other charges stemming from the demise of his industrial empire. In a 29- page decision, magistrate Vitor Barbosa Valpuesta also ordered the return of property seized...

  • SANTIAGO, April 30- Chilean fertilizer SQM, which is listed in Santiago with ADRs on the Nasdaq, said on Thursday it was unable to file the company's annual report with U.S. regulators on time because of an internal investigation into possible illicit payments. The company, which was privatized in the 1980 s under the dictatorship of Augusto Pinochet and has...

  • BRASILIA, April 29- Brazil again steeply raised interest rates on Wednesday to convince investors that the government is serious about reining in runaway prices, despite fears that aggressive tightening will make an expected recession worse. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as...