Argentina could be back in the economic doldrums if it defaults on Wednesday, a key player in its 2010 debt restructuring told CNBC.» Read More
President Cristina Fernandez says she will send a bill to Congress that would set up a system to pay bondholders in Argentina instead of channeling them through the Bank of New York.
SAO PAULO/ RIO DE JANEIRO, Aug 20- Brazil cut the amount of capital that commercial banks must put on compulsory deposit with the central bank in an effort to free up more capital for loans and boost a stagnant economy, the bank said in a statement on Wednesday.
BRASILIA, Aug 18- Marina Silva's entry into Brazil's presidential race will almost certainly force the October election into a second-round runoff and the environmentalist could even unseat President Dilma Rousseff, according to a poll released on Monday.
BRASILIA, Aug 15- Environmentalist Marina Silva could defeat President Dilma Rousseff if Brazil's October election goes to a second-round run-off, according to a new poll that saw the challenger entering the race in second place.
BRASILIA, Aug 15- Environmentalist Marina Silva will enter Brazil's presidential race in a strong second place, backed by 21 percent of voters, and could overtake President Dilma Rousseff in a second-round runoff, a poll showed on Monday.
BOGOTA, Colombia— Two years after Bogota's leftist mayor suspended bullfights at the capital's history-steeped bullring, a clutch of apprentice matadors is pressing for their reinstatement with a hunger strike.
SAO PAULO, Aug 15- Whichever way Brazil's steel industry looks it sees pain. "Only a crazy person would invest in Brazil right now," CSN Chief Executive Benjamin Steinbruch told a conference in Sao Paulo this week.
BUENOS AIRES, Aug 15- Major world food supplier Argentina will send a trade delegation to Russia next week to try to increase exports to the country, which this month banned many Western products in response to sanctions over its intervention in Ukraine.
Portugal's Galp and Spain's Repsol, more exposed than most to lucrative exploration zones deep under Brazil's seabed, as well as France's Total on Angola exposure, are seen as the pick of the bunch as BP and Royal Dutch Shell suffer from weak exploration results.
PANAMA CITY— It was supposed to be a grand celebration of the engineering triumph that forged a nation.
BUENOS AIRES, Aug 14- Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, the president said on Thursday.
SAO PAULO, Aug 14- Brazilian homebuilder MRV Engenharia e Participacoes SA beat profit expectations for the second quarter as demand for low-income housing remained robust while the negative impact from older, less profitable projects diminished.
BUENOS AIRES, Argentina— The government of Argentina will seek criminal charges against representatives of a U.S.-based global printing company that abruptly shuttered its plant in the South American country, the president said Thursday.
SAO PAULO, Aug 14- Brazilian juice maker Cutrale and the Safra Group, a banking and real estate conglomerate, said late on Thursday they were "extremely disappointed" that the board of Chiquita Brands International Inc rejected their takeover offer, adding that they are "considering all alternatives."
BUENOS AIRES, Aug 14- Argentina branded the hedge funds suing the country over their debt holdings an "international mafia" on Thursday after talks to bring a swift end to its latest default collapsed and sent Argentine bond prices tumbling.
SANTIAGO, Aug 14- Chile's central bank cut its benchmark interest rate 25 basis points to 3.50 percent on Thursday despite stubbornly high inflation and left the door open for additional reductions as it looks to boost a quickly stagnating economy. The bank is in an easing cycle and has already reduced the rate from 5.0 percent since last October.
MEDELLIN, Colombia, Aug 14- Colombian businesses should be prepared for the possibility of a "very strong" depreciation in the peso due to rising U.S. interest rates or some other external shock, central bank chief Jose Dario Uribe said on Thursday. The business sector, all Colombians, "Uribe told an industrial conference in Medellin.
BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday, reaffirming the automaker's long-term plans despite a sharp downturn in the local market.
BRASILIA, Aug 14- Brazilian environmentalist Marina Silva is still in shock from the death of presidential candidate Eduardo Campos and has not begun to consider whether she will run in his place, a close friend said on Thursday.
MEDELLIN, Aug 14- Colombia should shift its economic engines toward construction, infrastructure and non-tradable sectors to maintain levels of growth, as the oil-driven boom deteriorates, central bank board member Adolfo Meisel said on Thursday.