South America


  • Long-delayed data show Venezuela inflation rising Tuesday, 9 Sep 2014 | 9:49 PM ET

    CARACAS, Venezuela— Venezuela's central bank has acknowledged what anyone watching the prices on the shelves already knew: The South American country's inflation rate is continuing its upward march. That means something that cost $1 a year ago would cost about $1.63 today.

  • NEW YORK, Sept 9- Venezuela's state-run oil company PDVSA is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.

  • BRASILIA, Sept 9- Brazilian President Dilma Rousseff has recovered ground and would be tied in popular support with opposition politician Marina Silva in a runoff vote in October, a new poll showed on Tuesday, though a festering corruption scandal threatens to complicate Rousseff's re-election bid.

  • Ecuador posted a $34.3 billion budget this year and has not yet detailed its 2015 plan, which must be approved by Congress. Ecuador will need to raise between $8 billion and $9 billion through credit lines to finance the budget for 2015..

  • BUENOS AIRES, Sept 9- A majority of Argentina's debt investors do not want to take up a government proposal to change the jurisdiction governing their bonds, Economy Minister Axel Kicillof told members of the country's Congress on Tuesday. The frozen coupon payment is still held by U.S. intermediary Bank of New York Mellon.

  • BRASILIA, Sept 9- Brazil's President Dilma Rousseff has narrowed environmentalist Marina Silva's lead in a likely presidential election runoff in October, a new opinion poll showed on Tuesday, but a new political corruption scandal could hurt her re-election bid.

  • RIO DE JANEIRO, Sept 9- Moody's Investors Service on Tuesday said it may cut Brazil's credit rating in the next couple of years as the economy slows down, putting added pressure on whoever is elected president in October to change course on economic policy.

  • Police meet widows of slain indigenous leaders Tuesday, 9 Sep 2014 | 7:00 AM ET

    LIMA, Peru— An outspoken Peruvian opponent of illegal logging and three other native Ashaninka community leaders were shot and killed in the remote region bordering Brazil where they live, villagers and authorities said Monday.

  • BRASILIA, Sept 8- Brazil's President Dilma Rousseff said on Monday that Finance Minister Guido Mantega would not stay on if she is re-elected in October, reiterating her pledge to bring in a new cabinet in hopes of regaining the confidence of voters and investors.

  • BRASILIA, Sept 8- President Dilma Rousseff sought to shield her re-election bid from a new scandal at state-run oil company Petroleo Brasileiro SA by asking prosecutors on Monday for any details involving officials in her government.

  • Sept 8- Grupo Aval, Colombia's largest banking group, said it expects to raise $1.1 billion in an initial public offering in the United States. Sarmiento Angulo, 82, also owns Colombia's largest newspaper, El Tiempo, which he acquired in April 2012.

  • BUENOS AIRES, Sept 7- Argentina's central bank chief, Juan Carlos Fabrega, met his Chinese counterpart on Sunday to discuss how a currency swap worth billions of dollars will be put into action, the Argentine monetary authority said.

  • RIO DE JANEIRO, Sept 7- Brazil's October presidential race has been shaken up by a corruption scandal allegedly involving state-run oil firm Petrobras and dozens of lawmakers, with both leading candidates forced onto the defensive after colleagues were implicated.

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT/4 PM ET Sunday, 7 Sep 2014 | 4:08 PM ET

    LONDON- The British government is scrambling to respond to a lurch in the opinion polls towards a vote for Scottish independence this month by promising a range of new powers for Scotland if it chooses to stay within the United Kingdom.

  • RIO DE JANEIRO, Sept 7- Brazil's October presidential race has been shaken up by a corruption scandal allegedly involving state-run oil firm Petrobras and dozens of lawmakers, with both leading candidates forced onto the defensive after colleagues were implicated.

  • Brazil lawmakers named in suspected kickback Saturday, 6 Sep 2014 | 1:47 PM ET

    SAO PAULO— An imprisoned former director of the country's state-controlled Petrobras oil company has named more than 30 lawmakers allegedly involved in a suspected money laundering and kickback scheme involving company contracts, Brazil's leading newsweekly said Saturday.

  • BOGOTA, Sept 5- Colombia's coffee production will be between 11.5 million and 12 million 60- kg bags in 2014, up from a previous estimate of 11.4 million bags, the head of the farmer-funded growers' federation said on Friday, thanks to good weather and tree renovation.

  • SANTIAGO, Sept 5- Chilean diversified retailer Cencosud posted a healthy increase in sales during the second quarter despite decelerating economic growth in some of its main markets. The result was partially offset by lower revenues in Argentina due to the devaluation of the local currency, Cencosud said on Friday.

  • Soybean planting in Brazil's leading agricultural states is only allowed after Sept. 15, following a period of three months in which the land must be left fallow to avoid the spread of disease in the tropical soil.

  • BUENOS AIRES, Sept 5- Many investors are interested in swapping global Argentine bonds for paper governed by local law, the government said on Friday, a day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court rulings.