GO
Loading...

South America

More

  • SAO PAULO, March 2- Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash. In a securities filing on Monday, the oil company commonly known as Petrobras raised the target for assets sales from the $5 billion to $11 billion...

  • MEXICO CITY/ BRASILIA, March 2- Mexico is willing to extend an auto export quota pact with Brazil for up to two more years, provided restrictions are eased when the current agreement ends at midnight on March 18, an official familiar with the talks said on Monday. The accord, signed in 2012, limits the automotive trade between Mexico and Brazil under an annual quota...

  • NEW YORK/ MANAGUA, March 1- Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent people from getting their caffeine fix. Falling coffee production and near-record demand has forced it to buy more higher-priced foreign...

  • CARACAS, Feb 28- Venezuelan President Nicolas Maduro said on Saturday his government had captured American citizens involved in "espionage activities," and said U.S. citizens in the future will have to seek visas to come to the OPEC nation. Speaking during a rally, he said his government will prohibit some U.S. officials from entering Venezuela in retaliation for...

  • SAO PAULO, Feb 27- The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime. In a contentious, nearly three hour-long session, Sao Paulo state...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, Brazil's second-largest soy export port, now...

  • RIO DE JANEIRO, Feb 27- Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday that the director of its corporate-services division will take a 90- day leave of absence for health reasons. Dutra, a former Brazilian Senator, served as Petrobras' chief executive officer for two and a half years from 2002 to 2005 and president of Brazil's...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil on Friday after police began fining and arresting protesters who have slowed grain deliveries in the commodities powerhouse. But silos at Paranagua, Brazil's second-largest port for soy exports, now have enough soybeans to keep filling ships until March 3, rather than...

  • BRASILIA, Feb 27- Brazilian Finance Minister Joaquim Levy unveiled changes to payroll and export tax benefits on Friday that should help bolster fiscal savings, the latest measures in an austerity push aimed at improving public finances. Levy said in a news conference in Brasilia that a reduction in payroll tax breaks for certain companies would generate...

  • Private equity tops a list of potential investors in a sector that represents 10 percent of Brazil's gross domestic product and shows promise of growth but is hobbled by aging infrastructure, a dearth of qualified staff and rising costs. Two of those sources said a proposal by Carlyle Group LP to pay as much as 2 billion reais for a 30 percent stake in Rede D'Or...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, the second-largest soy export port in Brazil,...

  • SIEM REAP, Cambodia— Cambodia's most popular tourist attraction— the complex of ancient temples that includes Angkor Wat— is suffering from a form of overexposure: At least five foreign visitors have been arrested and deported this year for taking nude photos at the sacred sites. "Angkor Wat is the most famous sacred... temple in Cambodia, where everyone— not only...

  • CARACAS, Venezuela— The Venezuela newspaper started by a former guerrilla as a forum to criticize the socialist revolution started by the late President Hugo Chavez is ending its daily print edition amid a shortage of newsprint and what it says is a pattern of government harassment. Starting Sunday, Caracas- based Tal Cual will be available at newsstands only...

  • SAO PAULO, Feb 26- Brazilian truckers continued a nine-day-old strike on Thursday, unmoved by an initial government offer to meet some of their demands or by threats of hefty fines. The strike, which spread from a few road blocks on Feb. 18 in the main soybean state of Mato Grosso to 91 blockades across nine states on Thursday, has caused lines at filling stations and...

  • SAO JOSE DOS CAMPOS, Brazil, Feb 26- Workers at a General Motors Co car factory in Brazil ended a six-day strike on Thursday after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry. The re-elected leadership, which also organized a strike against planemaker Embraer SA last...

  • Judge orders suspension of WhatsApp in Brazil Thursday, 26 Feb 2015 | 1:54 PM ET

    SAO PAULO— A judge says he has ordered the suspension of the globally popular instant messaging system WhatsApp across Brazil because it has allegedly failed to help in an investigation. WhatsApp does not have an office in Brazil so the judge's order was delivered to cellphone operators. WhatsApp is owned by Facebook Inc., which last year paid nearly $22...

  • Brazil's government told truckers and transport companies late on Wednesday it would extend a year of free financing for vehicles from a state development bank and help truckers and transport companies work out a framework for setting freight rates. Although the flow of trucks was normal in Brazil's richest state of Sao Paulo, which guaranteed normal...

  • Volkswagen, Embraer summoned in Brazil dictatorship probe Thursday, 26 Feb 2015 | 11:46 AM ET

    SAO PAULO, Feb 26- A "truth commission" investigating crimes during Brazil's 1964-1985 military dictatorship has summoned Germany's Volkswagen AG and five local companies to testify whether their collaboration with the regime led to rights abuses. The other companies are Brazilian aircraft maker Embraer SA, industrial firms Grupo Aliperti and Cobrasma SA,...

  • Strike ends at General Motors plant in Brazil Thursday, 26 Feb 2015 | 10:42 AM ET

    SAO JOSE DOS CAMPOS, Brazil, Feb 26- Workers at General Motors Co's Brazilian car factory ended a six-day strike on Thursday after the company agreed to drop plans to lay off 800 employees, the union said. Stoppage days will not be deducted from wages and the company vowed not to retaliate against workers who walked off the job in the longest strike GM has faced in...