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  • CARACAS, Venezuela— President Nicolas Maduro raised Venezuela's minimum wage Friday for the second time this year to help workers being battered by the world's highest inflation. Speaking at a May Day rally, the socialist leader said he is boosting the minimum wage and pensions for retirees by 30 percent, with two-thirds of the increase coming this month and...

  • Argentina's capital is world capital of bookstores Friday, 1 May 2015 | 12:00 AM ET

    From hole-in-the-wall joints with used copies of works by Jorge Luis Borges, Miguel de Cervantes and Gabriel Garcia Marquez to elegant buildings with the latest children's books in several languages, Buenos Aires is filled with locales that pay homage to print. With a population of 2.8 million people within the city limits, there are 25 bookstores for every...

  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • *Brazil's Rousseff to visit Washington in June. BRASILIA, April 30- After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Although it is too early to launch a full-out trade dispute, Brazil plans to apply pressure on...

  • RIO DE JANEIRO— A Rio de Janeiro judge has ordered the return of several luxury cars and other high-ticket items to Brazil's one-time richest man, Eike Batista, who is fighting insider trading and other charges stemming from the demise of his industrial empire. In a 29- page decision, magistrate Vitor Barbosa Valpuesta also ordered the return of property seized...

  • SANTIAGO, April 30- Chilean fertilizer SQM, which is listed in Santiago with ADRs on the Nasdaq, said on Thursday it was unable to file the company's annual report with U.S. regulators on time because of an internal investigation into possible illicit payments. The company, which was privatized in the 1980 s under the dictatorship of Augusto Pinochet and has...

  • BRASILIA, April 29- Brazil again steeply raised interest rates on Wednesday to convince investors that the government is serious about reining in runaway prices, despite fears that aggressive tightening will make an expected recession worse. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as...

  • BRASILIA, April 29- Brazil opted for another steep interest rate hike on Wednesday to convince investors that the government is serious about reining in runaway prices despite fears of a recession. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as India and Turkey, both with rates at 7.5 percent.

  • April 29- General Motors Co said it is likely it will cease vehicle production in Venezuela in July as the automaker joins other U.S. corporations in taking action to shield their profits from the South American country's volatile currency. GM has one plant in Venezuela, in Valencia, where it builds the Chevrolet Aveo and Cruze cars, the Orlando crossover vehicle...

  • FORT WORTH, Texas— American Airlines is making final preparations to begin flying its newest plane, the Boeing 787, next week. The first passenger flight with the plane, which Boeing calls the Dreamliner, is scheduled for May 7 from Dallas to Chicago. It will fly to Beijing starting June 2, to Buenos Aires on June 4, and American plans other destinations later.

  • The injunction ordered Uber to cease operations immediately and to ensure the app is no longer available for download from the online stores of Google, Apple, Samsung and Microsoft. The Brazilian press offices of Google, Samsung, Microsoft and Apple did not immediately respond to requests for comment. The world's most valuable venture-backed startup with a...

  • Brazil executives moved to house arrest in corruption case Wednesday, 29 Apr 2015 | 12:23 PM ET

    Among those released were Ricardo Pessoa, chief executive officer of UTC Engenharia, and Gerson Almada, vice president of Engevix, two of Brazil's largest engineering firms. Brazil's Supreme Court ruled Tuesday evening that the executives could await possible trials on corruption charges under house detention. Some had been jailed for nearly six months,...

  • CARACAS, Venezuela— The Venezuelan unit of General Motors is firing 13 percent of its workforce as a shortage of dollars idle assembly lines across the oil-rich South American country. Autoworker union representatives said Tuesday that an arbitration panel had given GM permission to lay off 446 employees at its factory in the coastal city of Valencia.

  • LATAM Airlines rules itself out of TAP sale Tuesday, 28 Apr 2015 | 1:04 PM ET

    SANTIAGO, April 28- LATAM Airlines Group SA, Latin America's biggest carrier, said on Tuesday it would not participate in the privatization of Portuguese flag-carrier TAP under current market conditions. However, LATAM- formed in 2012 with the merger of Chile's LAN and Brazil's TAM- thinks now is not the right time, Chairman Mauricio Amaro told journalists...

  • WILMINGTON, Delaware, April 28- Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. The case, filed in Manhattan federal court in December by a group of large investors, alleges $98...

  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • DIARY- Emerging Markets Economic Events to May 7 Friday, 24 Apr 2015 | 8:02 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • HOUSTON/ NEW YORK, April 24- Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests. An exact figure for both realized and deprived revenues is unavailable given the absence of specific data from...

  • RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

  • BUENOS AIRES, April 24- Argentina's central bank is ramping up issuance of short-term debt to soak up pesos and contain one of Latin America's quickest inflation rates, but risks creating another financing headache for the next government. This is helping mop up some of the liquidity resulting from President Cristina Fernandez's expanding the money supply...