Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.» Read More
The lengthy legal battle between Argentina and the funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.
BUENOS AIRES, Argentina— Argentina says it will build the tallest building in Latin America. Architectural plans released Wednesday depict it as being in the shape of Argentina's map while an outdoor stadium for 15,000 people at ground level is shaped like the map of the Falkland Islands.
The lengthy legal battle between Argentina and the investment funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.
CARACAS, Sept 10- President Nicolas Maduro is mulling a politically risky move to raise highly subsidized gasoline prices in Venezuela for the first time in 17 years, but may be put off for now by fears of a social backlash. With 95 octane gas on sale for less than two U.S. cents a liter most motorists can fill up for under $1- less than a small bottle of drinking water.
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
The Ashaninka community's slain leader, Edwin Chota, had for years led efforts to obtain titles to its traditional lands near Brazil's border.
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.
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.
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.