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South America

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  • MEXICO CITY/ RIO DE JANEIRO, May 19- Foreign investors flocked back to Brazil in early 2013, prompting the strongest stock market inflows in more than two years, but massive bets on share price falls suggest no change in sentiment towards Latin America's largest economy.

  • SANTIAGO, May 17- LATAM Airlines Group SA said its Argentina unit was halting all of its flights in the country until 1330 GMT on Saturday after a state company unilaterally decided to stop providing services to the airline.

  • SANTIAGO, May 17- LATAM Airlines Group SA's said its Argentina unit is halting all of its flights in the country until 13:30 GMT on Saturday due to a state company unilaterally deciding to stop providing services to the airline.

  • LONDON, May 17- The coveted investment grade rating has arrived in Turkey and foreign capital may follow- possibly a lot of it. An investment grade rating, which Moody's gave Turkey on Thursday, potentially opens Turkey to more conservative funds. "This could bring a whole new investor base to Turkey," says Tim Ash, head of emerging markets research at Standard Bank.

  • LONDON, May 17- The coveted investment grade rating has arrived in Turkey and foreign capital may follow- possibly a lot of it. An investment grade rating, which Moody's gave Turkey on Thursday, potentially opens Turkey to more conservative funds. "This could bring a whole new investor base to Turkey," says Tim Ash, head of emerging markets research at Standard Bank.

  • *Coffee downside limited during Brazil frost season. LONDON, May 17- ICE raw sugar edged higher on Friday with the market finally finding support after losing ground for five consecutive sessions although the rapid pace of the cane harvest in top exporter Brazil kept the market on the defensive.

  • Bolivia's Morales faces 11th day of protests Friday, 17 May 2013 | 8:59 AM ET

    LA PAZ, Bolivia-- Hundreds of miners, teachers and other workers have marched in Bolivia's capital on the 11th day of protests called by the country's largest union to demand higher old-age pensions. Miners exploded dynamite and protesters tried to occupy the plaza where Bolivia's seats of government are located.

  • NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "

  • *Coffee downside limited during Brazil frost season. LONDON, May 17- ICE raw sugar rose on Friday with the market finally finding support after losing ground for five consecutive sessions although the rapid pace of the cane harvest in top exporter Brazil kept the market on the defensive.

  • Syrian grain imports pick up despite worsening war Friday, 17 May 2013 | 2:30 AM ET

    *U.N. says Syria conflict a humanitarian catastrophe. LONDON, May 17- Syria has managed to increase its grain imports in recent months after a period when it was less active on international markets, traders say, a development that suggests President Bashar al-Assad has found a way to feed his people despite war.

  • UPDATE 1-Brazil port modernization bill clears Congress Thursday, 16 May 2013 | 8:01 PM ET

    BRASILIA, May 16- Brazil's Congress approved. The reform bill, which may yet change if President Dilma Rousseff decides to veto parts of it, is an effort to make Brazil's clogged, costly and badly managed ports more efficient. That, backers believe, can help restore robust growth to Brazil's once-booming economy.

  • *Government-controlled Congress likely to approve reforms. QUITO, May 16- Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold Corp..

  • *Fund's 10.1 pct investment return takes assets to C $183.3 billion. CPPIB, which manages Canada's national pension fund, said on Thursday its assets rose to a record C $183.3 billion at the end of fiscal 2013, as its investment portfolio returned 10.1 percent for the year ended March 31.

  • A theft incident report from the Miami-Dade Police Department said the gold, packed in a box, arrived at Miami International early Tuesday morning on an American Airlines flight from Guayaquil, Ecuador. "The FBI is aware of the situation," FBI spokesman Michael Leverock told Reuters in an email.

  • BUENOS AIRES, May 16- Argentina has the world's second largest reservoir of unconventional oil after the United States, concentrated in the Vaca Muerta megafield, said Ali Moshiri, president of Latin American and African operations for U.S. oil giant Chevron.

  • BRASILIA, May 16- Legislation that President Dilma Rousseff says is vital to her efforts to modernize Brazil's clogged and costly ports cleared the lower chamber of Congress after a marathon debate and is expected to win Senate approval later on Thursday.

  • Global luxury goods market to cool in 2013 - Bain Thursday, 16 May 2013 | 9:25 AM ET

    *Sees weaker demand in China, rebound in Japan and U.S. PARIS/ MILAN May 16- Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain& Co said in a study on Thursday.

  • *Central bank's IBC-Br index rises 1.05 pct over Q4. SAO PAULO, May 16- Economic activity in Brazil accelerated in the first quarter, central bank data showed on Thursday, adding to signs that a gradual recovery has gained steam after massive stimulus by President Dilma Rousseff's government.

  • *UK would need to negotiate new free trade rules with partners.

  • Lower copper price hits Antofagasta Q1 profit Thursday, 16 May 2013 | 2:16 AM ET

    LONDON, May 16- Chilean copper miner Antofagasta posted a 29 percent drop in first-quarter core profit on Thursday, as lower prices for its red metal and slightly higher operating costs offset increased production.