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  • Venezuelans brace for slump in oil prices Friday, 24 Oct 2014 | 1:39 PM ET

    CARACAS, Venezuela— The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to the life of Milagro Alvarez and millions of other Venezuelans, whose country depends almost exclusively on oil revenue. Now Venezuela is suddenly a lot less rich, and many fear those lines will just get longer. In Venezuela, where 95...

  • RIO DE JANEIRO, Oct 24- Brazil's financial markets rose on Friday following a four-day slump sparked by polls showing President Dilma Rousseff is poised to defeat market-favorite candidate Aecio Neves in Sunday's presidential elections. "What happened is that they exaggerated yesterday," said Paulo Celso Nepomuceno, a strategist with Coinvalores, a...

  • DIARY - Emerging Markets Economic Events to Nov 4 Thursday, 23 Oct 2014 | 8:02 PM ET

    Oct 24- For other related diaries, please. COLOMBO- Sri Lankan President and Finance Minister Mahinda Rajapaksa presents 2015 budget in the parliament. SEOUL- South Korea's Central Bank Governor Lee Ju- yeol and Finance Minister Choi Kyung- hwan will appear before lawmakers.

  • MATEUS LEME, Brazil, Oct 23- President Dilma Rousseff looks positioned to narrowly win a second term on Sunday thanks to a slight rebound in the economy and her success in portraying her rival as an elitist who would take Brazil back to a more heartless era. But the overall momentum has been in Rousseff's favor, thanks to swelling support from Brazil's...

  • Argentina issues $1 billion, 2-year bond Thursday, 23 Oct 2014 | 12:40 PM ET

    BUENOS AIRES, Argentina— Argentina began offering a new two-year sovereign bond for $1 billion on Thursday, at a time when the government is desperately looking for fresh sources of financing. The obligations will be paid every semester on April 28 and October 28 at Argentina's official exchange rate. Argentina's economy is in recession, Central Bank reserves...

  • BUENOS AIRES, Oct 23- Persistent government intervention in Argentina's stagnating economy means oil and gas firms will remain cautious even if Congress backs a proposed law offering sweeteners to attract new investments worth tens of billions of dollars. Argentina needs to ramp up production from its vast but barely tapped Vaca Muerta shale oil and gas...

  • Mack-Cali reports 3Q results Thursday, 23 Oct 2014 | 8:28 AM ET

    EDISON, N.J. _ Mack-Cali Realty Corp. on Thursday reported a key measure of profitability in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 47 cents per share. Analysts expected $152.7 million, according to Zacks.

  • Miami passenger charged with bomb hoax Thursday, 23 Oct 2014 | 7:11 AM ET

    MIAMI— Several flights were delayed at Miami International Airport after authorities say an international passenger joked about having a bomb. Airport officials said in a news release that 60- year-old Manuel Alberto Alvarado was checking in for his Avianca Airlines flight to Caracas, Venezuela, on Wednesday morning when he made a comment about having...

  • Brazil race hinges on appeal to lower middle class Thursday, 23 Oct 2014 | 12:02 AM ET

    In one corner, owner Lucia Helena Silva was loudly arguing for President Dilma Rousseff and her Workers' Party, waving a hot straightening iron. A customer, primping her carefully coiffed hair, was having none of it, insisting that center-right opposition candidate Aecio Neves would revitalize Brazil's pallid economy. The tightest and most unpredictable...

  • AP PHOTOS: Brazil's poor, Rousseff's solid support Thursday, 23 Oct 2014 | 12:00 AM ET

    RIO DE JANEIRO— Children play amid tumbledown shacks in some of Rio de Janeiro's poorest hillside "favela" slums, places where armed drug traffickers lay down the law, stray bullets fly and raw sewage oozes into the streets. This Sunday, they get a chance to make their voice heard when they join in the second round of voting for president, and they're expected to...

  • BRASILIA, Oct 22- A Brazilian court has approved a bankruptcy protection petition filed by MMX Sudeste Mineracao SA, an iron-ore mining company controlled by Brazilian tycoon Eike Batista, the company said on Wednesday in a securities filing. The decision was taken by a court in Belo Horizonte in the Minas Gerais state. MMX Sudeste holds nearly all the...

  • BELO HORIZONTE, Brazil, Oct 22- The two candidates in Brazil's presidential election runoff on Sunday grew up just seven blocks apart, attending the same elite tennis club, watching movies at the same theater and strolling through the same leafy plazas during the 1960 s. Today, President Rousseff and Senator Neves are fighting for votes in their hometown of Belo...

  • IAPA: Press freedom deteriorating in the Americas Tuesday, 21 Oct 2014 | 1:40 PM ET

    SANTIAGO, Chile— Freedom of expression and the press have sharply deteriorated in the Americas over the last six months due to an increase in censorship and physical attacks on journalists, the Inter American Press Association said Tuesday. Journalists suffered violence in almost every country in the region, including Venezuela, where some were attacked by...

  • SAO PAULO/ RIO DE JANEIRO, Oct 21- Brazil's stocks and currency sold off for a second straight session on Tuesday after opinion polls showed market-favorite candidate Aecio Neves losing momentum ahead of Sunday's presidential elections. Neves, who has promised to implement business-friendly policies to boost Brazil's flagging economy, lost a slight edge...

  • Panama suspends Supreme Court judge for corruption Tuesday, 21 Oct 2014 | 6:56 AM ET

    PANAMA CITY— A Supreme Court justice linked to former President Ricardo Martinelli was suspended on Monday over corruption charges in a landmark corruption case that has mesmerized much of Panama. Alejandro Moncada has for weeks been battling accusations he profited from his ties to the former conservative leader after documents emerged showing he paid...

  • Report oil found in Paraguay; gov't cautious Monday, 20 Oct 2014 | 12:26 PM ET

    ASUNCION, Paraguay— A British energy company said on Monday that it made its first major oil discovery in Paraguay's Chaco Basin, though the government said it's too soon to tell if the find is commercially viable. Shares of London- based President Energy doubled after the oil explorer announced the discovery of light oil in the Lapacho well some 280 miles north...

  • Luiz Inacio Lula da Silva, 68, is back on the campaign trail after a brief hiatus, hoping that a burst of his signature charisma and rapport with the poor will be enough to push his chosen successor, President Dilma Rousseff, to a re-election victory in a closely fought runoff vote on Sunday. Recent polls have shown Rousseff neck-and-neck with Aecio Neves of the...

  • BRASILIA, Oct 19- Opposition candidate Aecio Neves is heading into the final week of Brazil's presidential race with a razor-thin lead in polls, but it's the incumbent Dilma Rousseff who appears to be gaining momentum in the homestretch. After a sudden surge before and after the first-round vote on Oct. 5, Neves is struggling to retain the momentum that gave him a...

  • Crews begin demolition of Packard plant in Detroit Friday, 17 Oct 2014 | 12:35 PM ET

    DETROIT— Demolition started Friday on a section of the massive and crumbling Detroit Packard auto factory complex— a symbol of the city's blight and past manufacturing glory. Peruvian developer Fernando Palazuelo bought the 40- acre site last year for $405,000 at a Wayne County tax foreclosure auction. Palazuelo told The Associated Press in June that the...

  • Western New York yogurt plant laying off 32 Friday, 17 Oct 2014 | 10:54 AM ET

    BATAVIA, N.Y.— An upstate New York yogurt company says it's laying off more than 30 workers, an announcement made just as yogurt became the state's official snack. Local media report that Bogota, Colombia- based Alpina Foods said Wednesday it will lay off 32 employees at its plant in the town of Batavia, between Rochester and Buffalo. The company says it remains...