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  • 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...

  • CARACAS, June 22- Venezuela's parliamentary election will be held on Dec. 6, authorities announced on Monday, ending lengthy speculation over the date for a vote that surveys showed was likely to punish the ruling socialists. President Nicolas Maduro's ruling Socialist Party currently enjoys a majority in the 167- seat National Assembly, but an economic...

  • SANTIAGO, June 21- Chilean authorities declared an environmental emergency for the Santiago metropolitan region for Monday, forcing more than 900 industries to temporarily shut down and about 40 percent of the capital's 1.7 million cars off the roads. "We're currently facing unusual conditions, with one of the driest Junes in over 40 years as well as really bad...

  • BUENOS AIRES, June 21- Argentina's Cristina Fernandez will step down as president in December, but her influence may remain strong enough to impede investment-friendly reforms in Congress if her ruling party wins legislative elections in October. Ending speculation she might run for Congress herself, the outgoing two-term president is letting her economy...

  • 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. In pre-dawn raids that netted 12 arrests in four states, police also...

  • RIO DE JANEIRO, June 19- Oil spilled from a pipeline linking a main Atlantic Ocean terminal with a refinery near Rio de Janeiro on Friday, Brazil's state-run oil company Petroleo Brasileiro SA said. The narrow coastal region where the spill occurred is in Rio de Janeiro's Costa Verde or " Green Coast"- one of Brazil's most beloved tourist regions and home to one of the...

  • BUENOS AIRES, June 19- Argentina's presidential contender Mauricio Macri on Friday picked a business-friendly senator with middle class appeal as his running mate, reinforcing his center-right challenge to the ruling party's ticket. Senator Gabriela Michetti will join Macri in his campaign against front-runner Daniel Scioli, governor of Buenos Aires...

  • 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. In pre-dawn raids that netted 12 arrests in four states, police also...

  • BUENOS AIRES, June 19- Argentine Senator Gabriela Michetti will be the running mate of presidential candidate Mauricio Macri, he said on Friday, defining the battle lines ahead of an October election that will pit the business-friendly duo against the current ruling party. Macri, mayor of Buenos Aires, is second in the polls against front-runner Daniel Scioli,...

  • NEW YORK— Shares of Fogo de Chao Inc. surged in their first day of trading after the Brazilian steakhouse chain priced its IPO above the expected range. Jefferies LLC and J.P. Morgan Securities LLC are acting as joint book-running managers in the offering. Dallas- based Fogo de Chao operates 26 restaurants in the U.S., 10 in Brazil and one joint venture restaurant in...

  • BUENOS AIRES, June 19- Argentine Senator Gabriela Michetti will be the running mate of presidential candidate Mauricio Macri, he said on Friday, defining the battle lines ahead of an October election that will pit the business-friendly duo against the current ruling party. Macri, mayor of Buenos Aires, is second in the polls against front-runner Daniel Scioli,...

  • Federal Police inspector Igor Romario de Paulo said at a news conference that Marcelo Odebrecht and Otavio Marques de Azevedo were taken into custody and face charges of cartel formation, money laundering and diversion of public funds. They are the chief executives of Odebrecht and Andrade Gutierrez respectively. "We have money-laundering professionals...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, local media said, pulling the most high-profile executive into the corruption investigation at state-run oil firm Petrobras. Odebrecht, which has 200,000 workers and a presence in 21 countries,...

  • *Pope voicing concerns from Latin America. The sharp critique of the market-based approach to curbing emissions comes as support for carbon trading is growing, embraced by institutions like the World Bank and United Nations, as well as the heads of many multinational companies and countries like China.. Emissions trading schemes, such as one in place in the...

  • SAO PAULO— The co-founder of Brazil's second-largest airline has been absolved of charges that he ordered the attempted killing of his former son-in-law. A court in the capital city of Brasilia says on its website that a seven-person jury acquitted Constantino de Oliveira late Tuesday night. Alves was attacked while driving in Brasilia.

  • BUENOS AIRES, June 17- Argentine bonds weakened on Wednesday after presidential front-runner Daniel Scioli chose a loyalist of the current government as his running mate for the October election, a choice that may signal a continuation of policies that have deterred investment. Markets had hoped that Buenos Aires Governor Scioli would use his choice of a...

  • BUENOS AIRES, June 17- Argentine bonds weakened on Wednesday after presidential front-runner Daniel Scioli chose a loyalist of the current government as his running mate for the October election, a choice that may signal a continuation of policies that have deterred investment. Markets had hoped that Buenos Aires Governor Scioli would use his choice of a...

  • RIO DE JANEIRO, June 16- Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry. However, executives at Petroleo Brasileiro SA, as Petrobras is formally known, have run into internal and...

  • 'Soy King' of Brazil, Olacyr de Moraes, dies at 84 Tuesday, 16 Jun 2015 | 2:29 PM ET

    SAO PAULO, June 16- Olacyr de Moraes, the one-time "Soy King" of Brazil who pushed the frontier of large-scale agriculture far into the country's interior to become the world's largest soybean grower, died on Tuesday at age 84.. Mato Grosso today is the largest grain producing state in Brazil, which ranks second to the United States in soy. An economic downturn in...

  • BUENOS AIRES, June 15- Argentina said on Monday that annual inflation eased to 15.3 percent in May, although private economists put it much higher and suggest it could speed up later this year due to a splurge in public spending ahead of October's elections. The International Monetary Fund warned earlier this month that Argentina had not taken sufficient steps...