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  • Brazil court accepts charges in corruption case Monday, 23 Mar 2015 | 5:17 PM ET

    RIO DE JANEIRO— A Brazilian judge on Monday accepted federal prosecutors' corruption charges against the treasurer of the ruling Workers' Party in connection to a sprawling graft scheme at state-run oil company Petrobras. Federal magistrate Sergio Moro, in the southern state of Parana, said in an email that party treasurer Joao Vaccari Neto was among 27 people...

  • BOGOTA, Colombia— The new labeling of the world's most-popular weed killer as a likely cause of cancer is raising more questions for an aerial spraying program in Colombia that is the cornerstone of the U.S.-backed war on drugs. The International Agency for Research on Cancer, a French-based research arm of the World Health Organization, has reclassified the...

  • Brazil judge accepts charges against 11 companies Saturday, 21 Mar 2015 | 3:27 PM ET

    Among the companies charged are Germany's Siemens, CAF of Spain, Mitsui of Japan, Bombardier of Canada and Alstom of France. Brazil's antitrust agency, the Administrative Council for Economic Defense has said that the companies used several anticompetitive strategies, such as the prearrangement of offers tendered in bidding processes.

  • 2016 athletes' village set to become luxury housing Saturday, 21 Mar 2015 | 2:10 AM ET

    RIO DE JANEIRO— Developers brag that the athletes' village for the 2016 Rio de Janeiro Olympics will rival a five-star resort. "All of the visitors here, the ex-athletes and athletes who know many villages, say this village is amazing," said Mauricio Cruz Lopes, the chief executive officer of Ilha Pura, in an interview with The Associated Press. Cruz, who called this the...

  • SAO PAULO— Brazil's attorney general said Friday he will ask Congress to approve a series of anti-graft measures to combat the "plague that is corruption." Rodrigo Janot made the proposal just two days after President Dilma Rousseff announced similar measures in the wake of last weekend's massive rallies calling for her impeachment and protesting rampant...

  • BUENOS AIRES, Argentina— Argentine President Cristina Fernandez says the country will oblige Citibank to pay bondholders despite a New York federal court ruling forbidding the bank to do so. During a speech Friday, Fernandez said the government would protect the rights of bondholders and force the bank's Argentine subsidiary to make the payments in...

  • BUENOS AIRES, March 20- Argentine farmers have stockpiled more than twice as much soy this year than last, defying a government desperate to increase export tax revenue needed to finance rising state spending ahead of the October presidential election. Growers say the increase in soybean reserves, to 7.4 million tonnes from 3.4 million, comes from a 12- percent...

  • From Beijing to Rio de Janeiro and in the French terroir itself— over a thousand chefs across five continents minced their steak tartars, salted their foie gras and flamed their creme brulees simultaneously for the Thursday night event launched by the French Foreign Ministry and master chef Alain Ducasse. "At this very moment, the whole world has the pleasure of...

  • Economic downturn pushes Brazilians into informal economy Thursday, 19 Mar 2015 | 11:12 AM ET

    BRASILIA, March 19- Mounting job losses are pushing more and more Brazilians into the informal economy as self-employed workers, leaving them vulnerable to what could be the country's worst recession in 25 years. Self-employed workers, most of them earning no more than about $450 a month, now represent 19.5 percent of employees in Brazil's main cities- the...

  • AP PHOTOS: Fishermen lament Rio's dirty Olympic bay Thursday, 19 Mar 2015 | 12:26 AM ET

    RIO DE JANEIRO— The day is still dark when Edmo Rodrigues da Costa sets out in his 20- foot fishing boat, carefully maneuvering around clumps of trash and mounds of putrid sludge in the sewage-infested waters of Rio de Janeiro's Guanabara Bay. A good day out two decades ago would bring in $200 worth of fish. Today, Costa says a successful haul fetches $50.

  • BUENOS AIRES/ NEW YORK, March 18- Citigroup Inc will not appeal a U.S. judge's ruling that it cannot process an Argentine sovereign debt payment if he helps the bank exit its custody business in the default-hit country as swiftly as possible, its lawyer said on Wednesday. District Judge Thomas Griesa in New York to suspend his order blocking payments to enable the...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator fined former billionaire Eike Batista 1.4 million reais for failing to promptly let investors know about a takeover and the delisting of parts of his once-giant EBX energy, mining, port and shipbuilding group. The regulator fined Batista 300,000 reais because responses to media reports about a takeover...

  • BUENOS AIRES, March 18- Argentina will not allow Citigroup Inc. to exit its local custody business, a senior source in the government said on Wednesday, setting up a possible showdown between the leftist government and the banking giant over sovereign debt payments. The government is demanding Citigroup process a March 31 coupon payment on its sovereign debt...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator CVM said on Wednesday that former billionaire Eike Batista failed to provide investors with timely information about a takeover and on the delisting of companies as his EBX energy, mining, port and shipbuilding empire tottered and then collapsed. The regulator fined Batista 300,000 reais because...

  • CARACAS, March 18- Venezuela asked a World Bank tribunal on Wednesday to toss out an order that it pay Swiss airport operator Flughafen Zurich AG and a Chilean partner around $36 million for the government takeover of airport facilities they operated in the country a decade ago. He said the request was filed with the World Bank's International Center for...

  • CARACAS, March 18- Venezuela asked a World Bank tribunal on Wednesday to toss out an order that it pay Swiss airport operator Flughafen Zurich AG and a Chilean partner nearly $36 million for the government takeover of airport facilities they operated in the country a decade ago. He said the request was filed with the World Bank's International Center for...

  • Brazil president announces anti-corruption measures Wednesday, 18 Mar 2015 | 2:16 PM ET

    SAO PAULO— President Dilma Rousseff announced a series of anti-graft measures on Wednesday in the wake of Sunday's massive nationwide rallies calling for her impeachment and protesting rampant corruption in Latin America's largest country. The survey by the Datafolha polling institute showed that the president's popularity dropped even among...

  • BRASILIA/ ZURICH, March 18- Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Petroleo Brasileiro SA. Switzerland has frozen roughly $400 million in Swiss accounts in the investigation and has begun to return an...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator said on Wednesday that former billionaire Eike Batista failed to provide investors with timely information about a takeover and on the delisting of a company as his EBX energy, mining, port and shipbuilding empire collapsed starting in 2013.. The regulator fined Batista 300,000 reais because responses...

  • Colombia sees drastic fall in oil revenue this year Wednesday, 18 Mar 2015 | 11:13 AM ET

    BOGOTA, March 18- Colombia's government expects 9.5 trillion pesos in oil revenue this year, down 60 percent from 2013 as the sharp drop in crude prices reduces the oil industry's tax and royalty payments, Finance Minister Mauricio Cardenas said on Wednesday. The situation could worsen in the years ahead, cutting income from oil to 6 trillion pesos, Cardenas told...