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  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • Colombian rebels announce unilateral cease-fire Wednesday, 17 Dec 2014 | 3:38 PM ET

    HAVANA— Colombia's largest rebel group announced an indefinite, unilateral cease-fire Wednesday, saying guerrillas will refrain from staging attacks so long as they aren't targeted by the U.S.-backed military. The Revolutionary Armed Forces of Colombia made the announcement in Cuba at the end of another round of peace talks aimed at ending Latin...

  • RIO DE JANEIRO, Dec 17- Petroleo Brasileiro SA's Chief Executive Officer Maria das Graças Foster said on Wednesday that she had offered to resign because of a widening alleged bribery scandal but that Brazil's President Dilma Rousseff had turned her down. "I need to be investigated, we all need to be investigated, that takes time," Foster told journalists at...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • BRASILIA, Dec 17- Brazilian President Dilma Rousseff's approval rating has not suffered from a widening corruption scandal involving state-run oil company Petroleo Brasileiro SA and many Brazilians continue to trust her, a poll showed on Wednesday. Prosecutors have indicted nearly 40 people, including two former Petrobras directors and executives of...

  • RIO DE JANEIRO, Dec 17- Senior management at Petroleo Brasileiro SA may have to resign to avoid further delays of the Brazilian state-run oil company's audited third-quarter earnings report, Chief Executive Officer Maria das Graças Foster said on Wednesday. Foster said she had spoken to President Dilma Rousseff about the potential resignations, including...

  • WASHINGTON, Dec 16- The Obama administration as soon as Wednesday will announce its plans for curbing methane emissions from the oil and gas sector, which the United States must do to meet its 2020 target for cutting greenhouse gas emissions, people familiar with the issue said Tuesday. The government reaffirmed that goal last week at U.N. climate talks in Lima.

  • Dec 16- California pension plans would divest all assets related to the coal industry under a measure the leader of the state senate said he will propose to reduce support for an industry that critics blame for contributing to climate change. He had just returned from United Nations talks in Lima, Peru on international efforts to fight climate change.

  • Rio prosecutors file new case against Petrobras Tuesday, 16 Dec 2014 | 4:30 PM ET

    RIO DE JANEIRO— Officials from Rio de Janeiro public prosecutors' office said Tuesday that they've filed legal action against Brazil's scandal-mired oil company, Petrobras, as well as top builder Andrade Gutierrez. Authorities there allege top officials from Petrobras operated a kickback scheme on contracts worth upward of $4 billion, with money from the...

  • RIO DE JANEIRO, Dec 16- Prosecutors in Rio de Janeiro said on Tuesday that they were seeking to indict the former chief executive officer of Brazilian state-run oil company Petroleo Brasileiro SA and a leading local construction and engineering firm for fraud. This list includes Jose Sergio Gabrielli, CEO from July 2005 to January 2012 and Renato Duque, the...

  • Goodyear to close Latin American office, move jobs Tuesday, 16 Dec 2014 | 6:04 AM ET

    AKRON, Ohio— There's a report that Goodyear Tire& Rubber Co. plans to close an office in Argentina and move 30 to 50 jobs to Akron. DeShazior tells the Akron Beacon Journal for a story Tuesday that the office in Buenos Aires serves as a design hub in Latin America. DeShazior said Goodyear leaders shared the news with city officials Monday.

  • WASHINGTON, Dec 15- Argentina has taken all the required steps so far to revamp its economic data but must still meet one more deadline as it seeks to bring the quality of its statistics in line with global standards, the International Monetary Fund's board said on Monday. The IMF, which requires accurate data to analyze the world's economies, censured Argentina...

  • Julio Camargo, a consultant for contractor Toyo Setal, and lobbyist Fernando Soares were charged along with Cervero with allegedly paying out $40 million in kickbacks to political parties, executives and contractors and accepting $13 million in bribes from Korean shipbuilder Samsung Heavy Industries, the prosecutors said in a statement.

  • Brazil: Google fined in Petrobras probe Monday, 15 Dec 2014 | 1:34 PM ET

    SAO PAULO— A Brazilian court says it has fined Google around $200,000 for refusing to intercept emails needed in a corruption investigation at state-run oil company Petrobras. The federal court in the southern state of Parana said in a statement Monday that Google eventually did share the emails with Brazilian police several months ago but had to pay the fine...

  • Vinicius and Tom named 2016 Olympics mascots Monday, 15 Dec 2014 | 11:26 AM ET

    RIO DE JANEIRO— The mascot for the 2016 Olympics in Rio de Janeiro has been named Vinicius, and the Paralympics mascot will go by the name of Tom. The names honor Brazilian musicians and partners Vinicius de Moraes and Tom Jobim. Vinicius is a yellow cat-like creature that represents Brazil's fauna, and Tom is a bushy-headed figure reminiscent of the country's...

  • The prosecutors said Nestor Cervero, the former head of Petrobras' distribution subsidiary, as well as lobbyist Fernando Soares and Julio Camargo of local contractor Toyo Setal funneled $40 million of kickbacks and accepted $13 million in bribes from Korean shipbuilder Samsung Heavy Industries. Toyo Setal and Samsung Heavy Industries were not...

  • LIMA, Dec 15- U.N. climate negotiations wrapped up in Lima on Sunday with a modest agreement about the building blocks of a deal due to be agreed on in Paris in a year's time. All nations will be asked to submit plans for curbing greenhouse gas emissions, known as "Intended Nationally Determined Contributions," or INDCs, to the United Nations by an informal deadline of...

  • Under the Lima deal, governments will submit national plans for reining in greenhouse gas emissions by an informal deadline of March 31, 2015 to form the basis of a global agreement due at a summit in Paris in a year's time. The texts, breaking deadlock among weary delegates almost two days into overtime after two weeks of talks, appeased developing countries led...

  • The Lima deal lays out a wide range of options for a global deal to be reached in Paris, due in December 2015, and also lays out how each nation will submit its own plans for curbing warming in the first half of 2015..

  • At UN climate talks, a crack in rich-poor barrier Sunday, 14 Dec 2014 | 12:40 AM ET

    LIMA, Peru— A compromise deal salvaged by climate negotiators in Lima early Sunday sets the stage for a global pact in Paris next year, but a consensus could not be reached on nations submitting to a rigorous review of their plans for greenhouse gas emissions limits. In the agreement, reached more than 30 hours after talks were supposed to end, more than 190...