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  • 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...

  • 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...

  • SAO PAULO, March 18- Brazilian unions on Wednesday filed another lawsuit against the largest operator of McDonald's restaurants in Latin America, alleging that the firm violates the country's labor laws. The suit against Arcos Dourados Comércio de Alimentos Ltda, the Brazilian division of Buenos Aires- based Arcos Dorados Holdings Inc, came just days after...

  • BRASILIA, March 18- At the start of the year, few would have guessed that a "Chicago Boy" economist would win over Brazil's leftist president, Dilma Rousseff. After two months on the job, the 54- year-old Levy has grown closer to Rousseff and earned a place in her inner circle as she tries to pull Brazil's economy out of a prolonged slump, government sources told Reuters.

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of U.S.

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of...

  • CARACAS, March 16- Venezuela said on Monday it has paid off its 1 billion euro Global 2015 bond, the first foreign debt maturity in a year of heavy bond payments that have stretched the OPEC nation's coffers amid a period of low oil prices. "Venezuela in 2015 will continue, despite lower oil prices... to fulfill its international obligations, one by one," he said in a...

  • BOGOTA, March 16- A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Canada's Pacific Rubiales to replace the future loss of nearly half its production, analysts say. Ecopetrol announced on Friday it would not renew a contract in mid-2016 under...

  • SAO PAULO, March 16- Huge demonstrations against President Dilma Rousseff over the weekend will make it harder for her to fix Brazil's finances and repair the economic damage from a corruption scandal at state-run oil company Petroleo Brasileiro SA. Rousseff is seen as safe from any impeachment threat for now since it is unlikely her opponents could marshal...

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 4 PM ET Sunday, 15 Mar 2015 | 4:23 PM ET

    March 15- Editor: Christian Plumb+ 1 646 223 6200. BUENOS AIRES- Argentina's economy may be stagnant but the capital city Buenos Aires is looking better than it has in years, boosting the popularity of its mayor as he prepares to run for president in October. LOS ANGELES- "Cinderella" enchants audiences this weekend, racking up a royal $70.1 million to lead the domestic...