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  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • LONDON, June 29- Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region. He said Argentina was conducting a "flagrant and unacceptable campaign to strangle the Falkland Islands...

  • CHICAGO, June 29- Fresh beef from Brazil and Argentina will be allowed into the United States under amended regulations that specify conditions to mitigate risk of foot-and-mouth disease, the U.S. Department of Agriculture's Animal and Plant Health Inspection Service said on Monday. Brazil and Argentina also need to meet food safety standards before being...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • Brazil's finance minister suffers pulmonary embolism Saturday, 27 Jun 2015 | 1:47 PM ET

    SAO PAULO— Brazil's Finance Ministry says Minister Joaquim Levy suffered a pulmonary embolism Friday night but was recovering and was expected to fly New York to accompany President Dilma Rousseff on her official visit to the United States. Levy's press office said he was hospitalized in Brasilia after complaining of chest pains. Levy crafted the fiscal...

  • BRASILIA, June 27- Brazilian Finance Minister Joaquim Levy told reporters he was fine as he left a Brasilia hospital early on Saturday, after he was treated for a minor pulmonary embolism. A source with direct knowledge of the matter told Reuters that, as of midday on Saturday, Levy would still fly as planned to New York that evening to accompany President Dilma...

  • BRASILIA, June 27- Brazilian Finance Minister Joaquim Levy told reporters he was "fine" upon leaving a Brasilia hospital early on Saturday, and a finance ministry spokesman said Levy had suffered a slight pulmonary embolism. A person with direct knowledge of the matter told Reuters that as of midday on Saturday, Levy would still fly as planned to New York that...

  • BRASILIA, June 27- Brazilian Finance Minister Joaquim Levy left a Brasilia hospital early on Saturday, saying he was fine, following a newspaper report that he had suffered a pulmonary embolism. Levy was due to accompany President Dilma Rousseff over the weekend on an official visit to the United States that begins in New York, before moving to Washington and...

  • BRASILIA, June 26- Brazilian Finance Minister Joaquim Levy has been hospitalized in Brasilia with a pulmonary embolism, the O Globo newspaper reported on Friday, citing hospital sources. A Finance Ministry spokesman was not immediately available for comment and other official sources in Brasilia did not have information about the hospitalization.

  • CURITIBA, Brazil, June 26- In a nation where the elite have enjoyed relative impunity, a new generation of police and prosecutors in Brazil are bent on using the country's largest-ever corruption investigation to send the message that no one is above the law. And they gave the moniker Operation' Erga Omnes,' Latin for' For everyone' to a raid that jailed one of the...

  • DETROIT, June 25- General Motors Co said on Thursday it will incur a $600 million charge on its second-quarter net profits because of a change in the way it values Venezuelan currency. Despite the significant challenges in Venezuela, this market continues to be very important to us. " In April, GM had announced it would likely end vehicle production in Venezuela in...

  • Brazil's unemployment rates rises Thursday, 25 Jun 2015 | 1:19 PM ET

    SAO PAULO— Brazil's government says unemployment continues rising in Latin America's largest country. The country's IBGE statistics bureau said Thursday that the jobless rate in May was 6.7 percent, against 6.4 percent in April and 4.9 percent in May of last year. IBGE said that the jobless population in May remained stable at 1.6 million, but was almost 39...

  • H&M sees Q2 revenue increase by 21 percent Thursday, 25 Jun 2015 | 5:02 AM ET

    STOCKHOLM— Swedish budget fashion chain Hennes& Mauritz AB says its second-quarter revenue increased 21 percent to 45.9 billion kronor, despite an unusually cold spring in many of its European markets. CEO Karl-Johan Persson said Thursday the Stockholm- based group continued its expansion. Germany remains H&M's largest market, followed by the United States,...

  • Android phone owners can now use an updated version of Microsoft's Office tools for writing, spreadsheets and slideshows. Microsoft released them for Android phones this week in another move to make some of its most popular software tools available to people who don't use Microsoft's Windows operating system. There are still no comparable apps for phones...

  • CURITIBA, Brazil, June 24- Brazilian police said on Wednesday they intercepted a note from the jailed chief executive of Odebrecht SA to his lawyers asking to "destroy email," after he became the highest-profile executive arrested in Brazil's largest ever corruption investigation. Marcelo Odebrecht, head of Brazil's largest engineering and construction...

  • When she visits New York on Monday, President Dilma Rousseff will have a tough time convincing Wall Street her weakened government can pull Brazil out of a stall and save the once-booming nation's investment-grade credit rating. While many U.S. companies are still betting on Brazil's long-term growth prospects given the huge potential for the nation of 200...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • METALS-London copper turns higher, Greece in focus Wednesday, 24 Jun 2015 | 3:45 AM ET

    *China's copper imports down 12 pct in January-May. MELBOURNE, June 24- London copper erased early losses on Wednesday to turn higher, as the focus shifted from a seasonal decline in demand to optimism over a potential deal on Greek debt and as the dollar weakened. "Clearly, the issues in Greece are impacting sentiment and no one really wants to jump on board here just...

  • SAN JUAN, Puerto Rico— The worst drought in five years is creeping across the Caribbean, prompting officials around the region to brace for a bone dry summer. From Puerto Rico to Cuba to the eastern Caribbean island of St. Lucia, crops are withering, reservoirs are drying up and cattle are dying while forecasters worry that the situation could only grow worse in the...

  • RIO DE JANEIRO— Brazil's prosecutors investigating a big kickback scandal at state-run oil company Petrobras said Monday that they are asking U.S. authorities for help in building their case. Brazilian prosecutors say the Petrobras case involves hundreds of millions in kickbacks paid by Brazil's biggest construction and engineering firms to former...