Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.» Read More
CARACAS, Sept 17- Venezuelan bonds tumbled on Wednesday following a ratings downgrade by Standard& Poor's that cited concerns about inflation, recession and deteriorating capacity to pay. The OPEC nation's benchmark Global 27 bond fell 3.83 percent in price to bid 70.855 with a yield of 14.234.
BUENOS AIRES, Sept 16- Argentina called in the United States' top diplomat in the country on Tuesday to express its "deep indignation" over a local newspaper interview in which he made reference the South American country's latest debt default.
SAO PAULO, Sept 16- Nextel operator NII Holdings Inc is hanging on to its Brazilian unit even though the welterweight mobile carrier has filed for bankruptcy protection in the United States and sold off other Latin American operations.
BELO HORIZONTE/ SAO PAULO, Brazil, Sept 16- The handsome, accomplished grandson of one of Brazil's most beloved politicians, Aecio Neves has been preparing his whole life to be president, friends say. And that, paradoxically, best explains why he's languishing in Brazil's presidential election race.
CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.
RIO DE JANEIRO— They huddle in a tight circle, shaking seed-filled maracas and shuffling in time to a rhythm that has pulsed through their tribes for generations.
RIO DE JANEIRO, Sept 15- Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, said on Monday.
CARACAS, Venezuela— Venezuela's chronic shortages have begun to encroach on a cultural cornerstone: the boob job. "The women are complaining," said Ramon Zapata, president of the Society of Plastic Surgeons. Only the U.S., Brazil, Mexico and Germany— all with significantly larger populations— saw more procedures.
BRASILIA, Sept 13- Brazil federal prosecutors have filed criminal charges against Eike Batista, accusing the fallen tycoon of market manipulation and seeking to freeze up to $1.5 billion reais worth of his financial assets and properties.
BUENOS AIRES, Argentina— A law designed to restructure Argentina's debt and sidestep a U.S. court ruling that pushed the government into default could be difficult to apply and worsen the country's frail economy, analysts say.
Since entering the race in mid-August, Silva has picked a pro-agriculture congressman as her running mate, met repeatedly with agribusiness leaders and campaigned in the farm belt, eager to make allies in an industry that accounts for a quarter of Brazil's economy. The fuel price controls have gutted Brazil's once-booming sugar cane ethanol industry.
RIO DE JANEIRO— ArtRio, the fair that has put Rio de Janeiro on the art world's map, has opened its latest show with exhibits from 99 top galleries from Brazil and beyond.
CARACAS, Venezuela— Venezuela's president says the nighttime closure of the border with Colombia will continue for three more months as part of the government's campaign to combat smuggling of oil and food.
But she needs to route the funds through channels beyond the reach of the U.S. judge who ruled that Argentina must settle a legal fight with a group of New York hedge funds over unpaid debt from a massive 2002 default before servicing its performing debt.
CARACAS, Venezuela— Venezuela's oldest newspaper says it has staved off closure by reaching a deal with a state company guaranteeing it newsprint for at least two more weeks. El Impulso announced Wednesday that it would stop circulation as of Monday because of falling advertising, mounting inflation and a lack of basic materials.
BUENOS AIRES, Sept 11- Argentina's Congress on Thursday overwhelmingly passed a debt bill aimed at defying a U.S. court ruling which tipped the country into default for the second time in 12 years. It also encourages investors to move their Argentine debt from the United States or other foreign jurisdictions to either Argentina or France via an exchange of debt.
BUENOS AIRES, Sept 11- Argentina's government is ramping up state intervention in the economy to try to prevent a new debt default from triggering a balance of payments crisis but its policies are also battering business confidence and may deepen a recession.
CARACAS, Venezuela— President Nicolas Maduro is reassuring foreign creditors that Venezuela's government will make good on a $4.5 billion foreign debt payment due next month.
SAO PAULO, Sept 11- A small group of energy companies in Brazil are increasing revenues at a time when the country is grappling with its worst power crisis in more than a decade, taking advantage of sky-high prices to sell electricity in the spot market.
BUENOS AIRES, Argentina— Argentina's Congress approved legislation Thursday to restructure the country's debt and sidestep a U.S. court ruling that recently pushed the government into its second default in 13 years. "Argentina wants to pay, can pay and is going to pay all its debts to all bondholders," Fernandez said.