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  • CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price which it still thinks should be around $100, Foreign Minister Rafael Ramirez said on Thursday.

  • Brazil's Rousseff names banker as finance minister Thursday, 27 Nov 2014 | 1:19 PM ET

    RIO DE JANEIRO— Brazilian President Dilma Rousseff named a former treasury secretary with a reputation as a fiscal conservative as finance minister, her office said Thursday, in a move that's widely seen as charting a new course for Brazil's flagging economy and soothe jittery financial markets. The appointee, Joaquim Levy, is a University of Chicago-trained...

  • Brazil's Rousseff to name economic team Thursday, 27 Nov 2014 | 9:01 AM ET

    RIO DE JANEIRO— Brazilian President Dilma Rousseff is expected to unveil the much-anticipated economic team, tasked with jumpstarting the country's stalled economy. Major Brazilian news media say University of Chicago-trained banker Joaquim Levy is to be named finance minister for Rousseff's second term Thursday. Though his last job was as a top...

  • Private firms filling Latin America's security gap Thursday, 27 Nov 2014 | 12:01 AM ET

    Men claiming to be with the notorious Gulf Cartel had stopped a convoy transporting chemicals through a lawless region of northeastern Mexico. The phone chatter and chirping two-way radios sounded like a police dispatch, but this was the emergency response room of International Private Security, a Mexico- based company that helps clients like PepsiCo, Audi...

  • Colombians protest ban on ride-share company Uber Wednesday, 26 Nov 2014 | 5:32 PM ET

    BOGOTA, Colombia— Furious taxi drivers and loyal users of Uber are butting heads over Colombia's new ban on the ride-sharing company. Amid threats of a strike by yellow taxis who consider cars affiliated with Uber to be "pirates," the Transportation Ministry this week declared illegal all smartphone applications that facilitate the hiring of cabs that aren't...

  • SAO PAULO, Nov 26- Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years. That way, he hopes to gather as much information as possible before the case goes to the Supreme Court, which under...

  • "There was pressure from high commodity prices that led some growers to plant soy in illegally deforested areas," Teixeira said after signing the moratorium, which runs through May 2016, with a group of Brazil's largest soy exporting and processing firms. "Clearly, soy is not a driver behind Amazon deforestation," said Carlo Lovatelli, president the Brazilian...

  • SAO PAULO, Nov 25- When Brazilian President Dilma Rousseff first considered replacing Finance Minister Guido Mantega two years ago, a top aide confided that any good candidate for the job would have to meet two requirements. Levy, an executive at local bank Bradesco SA, is seen by most investors as a strong choice to try to restore confidence after four years of...

  • Chile: ENAP refinery fire injures 2 workers Tuesday, 25 Nov 2014 | 10:47 AM ET

    SANTIAGO, Chile— A fire at a refinery owned by Chile's state oil company ENAP has injured two workers. But ENAP says the Tuesday morning blaze at a unit of the Aconcagua refinery is now under control. Aconcagua is one of Chile's top oil refineries along with the Bio Bio refinery, also owned by ENAP.

  • United States subpoenas Brazil's Petrobras Tuesday, 25 Nov 2014 | 8:25 AM ET

    SAO PAULO— The United States Securities and Exchange Commission has subpoenaed documents in its investigation into corruption allegations at Petrobras, Brazil's state-run oil giant said. Petrobras acknowledged the documents requested were "related to an investigation into the company initiated by the SEC" and said the materials would be forwarded to the...

  • China fears US Republican opposition in climate talks Tuesday, 25 Nov 2014 | 6:09 AM ET

    Chinese climate change negotiators fear US Republican Party opposition could hamper a deal to limit greenhouse gas emissions, they warned ahead of talks next week.

  • LIMA, Nov 25- A crackdown on illegal gold mining in Peru has spawned new smuggling routes through its porous border with Bolivia with some gangs using human mules, armored cars and light aircraft to evade capture. The gold is ghosted across jungles, rainforest and Lake Titicaca on the mountainous border, and is then sold to dealers who process the precious metal...

  • Suspect in Petrobras scandal turns himself in Monday, 24 Nov 2014 | 10:15 AM ET

    RIO DE JANEIRO— A suspect wanted in the widening corruption probe at Brazil's state-run oil giant Petrobras has turned himself in to police. He was the last of 25 suspects to be detained in the latest phase of the so-called "Car Wash" investigation into corruption at Petrobras, Brazil's biggest company. The Petrobras scandal has been playing out for months, with...

  • BRASILIA, Nov 24- Brazil's current account deficit widened in October from the previous month, highlighting the rapid deterioration of the external accounts as prices of key exports drop sharply. Brazil's current account deficit in September was $7.907 billion. In the last 12 months through October, the current account deficit was equivalent to 3.73 percent...

  • Chilean moms growing support for medical marijuana Monday, 24 Nov 2014 | 12:08 AM ET

    SANTIAGO, Chile— Paulina Bobadilla was beyond desperate. Bobadilla's desperation to ease her daughter's condition is an emotion familiar to other Chilean parents who say medical marijuana can help their children and who, rather than wait for Congress to act, have taken matters into their own hands. Chile allows consumption of the drug, but growing, selling or...

  • SAO PAULO, Nov 23- Brazilian President Dilma Rousseff's new, still unconfirmed economic team is preparing budget cuts for 2015 that will be announced next week, newspaper Folha de S. Paulo reported on Sunday. Three of the country's leading newspapers reported on Friday that Rousseff will appoint Joaquim Levy, head of the asset management arm of Brazil's...

  • Influx of cheap Peruvian quinoa riles Bolivia Saturday, 22 Nov 2014 | 12:01 AM ET

    LA PAZ, Bolivia— International demand for quinoa continues to boom, and that's fueling an increasingly bitter commercial feud between Bolivia and Peru, the two main producers of the Andean "superfood." Peru is about to overtake Bolivia as the top exporter, worrying Bolivians about their ability to compete. As Peru boosts production of cheaper factory-farmed...

  • SAO PAULO/ BRASILIA, Nov 21- President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo...

  • SAO PAULO, Nov 21- Brazil's JBS SA, the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia. JBS hopes to increase sales to South Korea, Singapore, Hong Kong and China, where it is already the biggest protein supplier, Chief Executive Officer Wesley...

  • CURITIBA, Brazil, Nov 20- In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run oil firm Petrobras is described by allies and even rivals as perfectly suited to the task. Moro, 42, is now pushing forward a case that has already seen dozens of arrests of major...