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  • SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence that the former director, Nestor Cervero, set up a...

  • SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former...

  • SAO PAULO, May 26- Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country's main grain producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said. El Nino can lead to scorching weather across Asia and east Africa, but heavy rains and floods in parts of South...

  • Salmon, fruit losses due to Chilean customs strike Tuesday, 26 May 2015 | 11:25 AM ET

    "So far we have about $16 million in losses in fresh fruit due to the shipping problems," said ASOEX president Ronald Bown, who added that "the main problem here is not the fruit losses but the impact on the country's image and credibility." Bolivia's government said on Tuesday that the strike is affecting its trade and that more than 2,000 trucks with cargo are stuck...

  • CARACAS, Venezuela— It's still possible to buy a gleaming Ford truck in Venezuela, rent a chic apartment in Caracas, and snag an American Airlines flight to Miami. The latest sign of an emerging dual-currency system came earlier this month when Ford Motor Co. union officials said the company had reached a deal with officials to sell trucks and sports utility...

  • LOS ANGELES— It's a meet-and-greet worthy of an A-list star. "A year ago, I went to New York and tried to get a book publisher to take a meeting with me," said Graham, who represents Franta and other mega-popular YouTubers. Here we are a year later at Barnes& Noble in Los Angeles with a New York Times best-selling author who is a client.

  • Peru suspends civil liberties in region after 4th death Saturday, 23 May 2015 | 12:53 AM ET

    LIMA, Peru— Peru's government said it was suspending civil liberties in a southern coastal valley after a fourth death in violent anti-mining protests against a Mexican-owned copper mining project. One protester was killed and four injured Friday in clashes, which have escalated since farmers mounted resistance two months ago to the $1.4 million project...

  • BRASILIA/ RIO DE JANEIRO, May 22- Brazil will freeze 69.9 billion reais worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the nation's investment-grade rating. Still, most analysts believe the freeze will not be enough to meet Brazil's...

  • CARACAS, Venezuela— Venezuelans are dumping their rapidly depreciating currency at an ever quicker pace as the crisis-plagued economy edges dangerously close to an outbreak of hyperinflation. That was down from 300 bolivars per dollar on May 14 and 173 at the start of the year. A Barclay Capital Inc. report issued Friday pointed to government expansion of the...

  • *Bundesbank chief says can't always be about buying Greece time. RIGA, May 22- European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles. The leaders offered help, but told Tsipras to get back to...

  • NEW HAVEN, Conn.— Two former Wesleyan University students pleaded not guilty Friday to federal charges they distributed synthetic party drugs that resulted in on-campus overdoses and sent 11 people to hospitals. The defendants, Zachary Kramer, 21, of Bethesda, Maryland, and Eric Lonergan, 22, of Rio de Janeiro, Brazil, appeared in federal court in New Haven.

  • PARIS— The Eiffel Tower closed to the public for most of the day Friday as workers protested a rise in aggressive pickpockets around the Paris landmark that attracts thousands of visitors daily. The walkout came a day after Paris authorities announced that crime against tourists in the French capital had dropped this year thanks to reinforced police...

  • BOGOTA, Colombia— Chinese Premier Li Keqiang vowed to deepen economic ties with Colombia during a visit to the Andean nation Thursday as part of his four-nation South American tour aimed at boosting trade and investment. Li is the highest-ranking Chinese official to visit Colombia since the two nations established diplomatic ties 35 years ago and his visit...

  • NEW YORK, May 20- Fertilizer producer ICL Israel Chemicals is interested in buying phosphate assets in Brazil and also sees a good fit with Chile's SQM, as it looks to expand into Latin America, its chief executive said on Wednesday. CEO Stefan Borgas did not say how much he was prepared to spend on acquisitions, but said he favors an integrated approach to growth,...

  • GEORGETOWN, Guyana— Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a "significant" oil discovery off Guyana in waters also claimed by Venezuela as part of a long-running border dispute between the South American countries. Venezuela has long claimed about two-thirds of Guyana's territory as well as the offshore area where Exxon Mobil...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • Mercedes-Benz fires 500 workers at Brazil truck plant Tuesday, 19 May 2015 | 7:09 PM ET

    SAO PAULO, May 19- The Mercedes-Benz truck unit of Germany's Daimler AG said on Tuesday it had dismissed 500 workers at a Brazilian truck plant and is putting about 7,000 others on paid leave as it suspends production in the face of plunging sales. Truck sales in Brazil tumbled about 40 percent in the first four months of this year compared with the same period of...

  • SAO PAULO, May 19- Whirlpool Corp and Anheuser-Busch InBev on Tuesday started selling a countertop appliance that makes soda, juice and coffee with single-serve capsules, marking the start of a joint venture worth more than $70 million. Last year, the Coca-Cola Co invested an initial $1.25 billion in Keurig Green Mountain Inc as part of a plan to sell its soft...

  • Bread strike has soldiers turned bakers in Bolivia Tuesday, 19 May 2015 | 3:57 PM ET

    LA PAZ, Bolivia— Bolivia's government has temporarily turned some soldiers into bakers, ordering barracks to leaven loaves for the public after bakeries went on strike over the lifting of subsidies on imported flour. Soldiers donned aprons in barracks in La Paz, El Alto and other cities as Defense Minister Reymi Fereira declared an emergency.

  • BUENOS AIRES, May 19- Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta shale oil and gas field, company officials said. Trade Unions are a powerful force in Argentina, Latin America's No. 3 economy, where the frequency of industrial disputes are a...