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BUENOS AIRES, Oct 1- Argentina's central bank chief resigned on Wednesday after a long tussle with the Economy Ministry and was replaced with a regulator considered sympathetic to the interventionist stance of a government battling one of the world's highest inflation rates. The move drew a sharp negative reaction in financial markets, with the price of...
BUENOS AIRES, Oct 1- Argentina's central bank governor, Juan Carlos Fabrega, resigned on Wednesday after a long tussle with the government over whether policymaking should focus on taming rampant inflation or spurring growth in the slowing economy. A spokesman for President Cristina Fernandez said Fabrega would be replaced by Alejandro Vanoli, the head of...
BUENOS AIRES, Argentina— Relations between Argentina and the United States have sunk so low the South American nation's president is blaming the Obama administration for her country's debt crisis and suggesting Washington might even want to have her killed. Fernandez and her government have been infuriated by the U.S. government's refusal, or legal...
RIO DE JANEIRO, Oct 1- Brazil's electrical utilities have lost their financial independence and are dependent on the Brazilian Treasury to keep operating, the head of the country's chief federal audit court told reporters in Brasilia on Wednesday. In the face of a drought, rising demand for power and delays in building new power plants and transmission lines,...
BUENOS AIRES, Oct 1- Argentina's President Cristina Fernandez on Wednesday accepted the resignation of the central bank governor, a spokesman for the presidency said.
HAVANA— The planned elimination of Cuba's unusual dual-currency system will likely mean printing more of the single currency that remains, the country's central bank chief said in a report published Wednesday. The double currency allows Cuba to theoretically split the country between a realm of highly subsidized prices in Cuban pesos and a tourist economy...
SAO PAULO, Oct 1- Brazil's auction of next-generation wireless spectrum was most notable for what was missing: one of the country's four big carriers and, with it, the heated competition that officials hoped for.
RIO DE JANEIRO, Oct 1- In March 2003, three months into her tenure as Brazil's environment minister, Marina Silva gathered a half-dozen aides at the modernist ministry building in Brasilia, the capital. She told them the new government of President Luiz Inácio Lula da Silva was about to embark on a pharaonic infrastructure project for Brazil's arid Northeast.
BRASILIA/ WASHINGTON, Sept 30- The United States will pay Brazilian cotton producers $300 million to settle a decade-old dispute over cotton subsidies, two officials familiar with the settlement said on Tuesday, the first concrete step to repair ties hurt by an espionage scandal.
WASHINGTON/ BRASILIA, Sept 30- The United States will pay Brazilian cotton producers $300 million in compensation to end a dispute over cotton subsidies enjoyed by U.S. growers, two officials familiar with the settlement said on Tuesday.
RIO DE JANEIRO, Sept 30- Anglo American Plc said on Tuesday that it obtained a Brazilian license to start operating its long-delayed, $14 billion Minas-Rio iron ore mining project, which is expected to enable its first shipment of ore by year-end.
CARACAS, Sept 30- Venezuela has kept its economic growth figures under wraps this year but empty store shelves, closed factory gates and idled construction projects tell their own story- the economy is contracting and some sectors are in deep trouble. Fedecamaras estimates the OPEC nation's economy has contracted 4 percent so far this year.
LIMA, Sept 30- Maple Energy Plc dropped 30.53 percent on Tuesday in Lima following its announcement that talks about possibly selling the company ended without a deal.
BUENOS AIRES, Sept 30- Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday, the Economy Ministry said, defying a U.S. judge who held it in contempt a day earlier for taking illegal steps to meet its debt obligations.
Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday in defiance of U.S. District Judge Thomas P. Griesa, who found Argentina in contempt on Monday.
BRASILIA, Sept 30- The United States and Brazil are close to settling a decade-old trade dispute over cotton subsidies, three Brazilian sources close to the talks told Reuters, in what would be the first concrete step to repair ties hurt by an espionage scandal.
SAO PAULO, Sept 29- Bank workers in Brazil plan to begin a nationwide strike on Tuesday for an indefinite period after talks with commercial banks collapsed over pay rise demands for this and next year. Unions from about 50 different regions encompassing Brazil's largest metropolitan areas will join the strike, the statement said.
NEW YORK, Sept 29- In a rare move, a U.S. judge held Argentina in contempt on Monday, saying the country is taking "illegal" steps to evade his orders in a longstanding dispute with hedge funds over defaulted debt. But Griesa issued a clear warning that the country must stop efforts to get around his rulings by making payments in Argentina.
SAO PAULO, Sept 29- Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. Many traders see Brazil's risk premium declining under a different administration, which would help attract foreign investment and support the real.
NEW YORK, Sept 29- Argentina is in contempt of court, a U.S. judge ruled on Monday, the latest step in a years-old case brought by the U.S. hedge funds over defaulted debt.