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South America

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  • WASHINGTON, Oct 10- The United States may make a major contribution to a fund in November that would help poor countries prepare for and combat climate change, said the foreign minister of Peru, the country hosting a crucial round of climate negotiations in December. Secretary of State John Kerry told him on Oct. 8 that the world's second biggest greenhouse gas...

  • WASHINGTON, Oct 9- A fall in mineral prices will prevent Peru's economy from growing much more than 3 percent this year, Peruvian Finance Minister Alonso Segura said on Thursday. A slowdown in China's economy is weighing on demand for Peru's exports of copper and other metals. "I think it might be closer to 3 at this point," he said in an interview with Reuters on the...

  • CARACAS, Oct 9- Venezuela said on Thursday compensation ordered by a World Bank arbitration tribunal in the Exxon Mobil Corp case was within a "reasonable range" once a previous award is deducted from the roughly $1.6 billion new determination.

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • BRASILIA, Oct 9- Environmentalist Marina Silva said on Thursday she will wait for political pledges from pro-business opposition candidate Aecio Neves before backing him in the Oct. 26 runoff to Brazil's presidential election. An endorsement from Silva, who finished third in the election's first round on Sunday with 22 million votes, would increase Neves'...

  • BUENOS AIRES, Oct 8- Argentina's state-run energy company YPF said on Wednesday it had not struck a confidential natural gas production deal with Russia's Gazprom despite a statement earlier in the day from the industry ministry saying that it had. The ministry had said Cabinet Minister Debora Giorgi received assurances from Gazprom head Alexey Miller in a...

  • Oct 8- Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus. Ebola has killed more than 3,400 people in Guinea, Sierra Leone and Liberia, and its spread has become a global concern-- with worries for trade, which could affect the...

  • RIO DE JANEIRO, Oct 8- A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbes Magazine, Batista says his debts now exceed his assets by $1 billion and the value of his remaining stakes in the oil,...

  • NEW YORK, Oct 8- Where is retirement going to take you? They nixed Australia from their list, but over the years have done about 10 group tours, including two weeks in Alaska this year. Consider this: Viking River Cruises, one of the largest riverboat cruise operators, will carry more than 250,000 passengers in 2014 with a median age of 55, and 75 percent of them will do...

  • BRASILIA/ RIO DE JANEIRO, Oct 8- Brazil's annual inflation rate in September shot way above an official target to its highest in nearly three years, the latest economic blow for President Dilma Rousseff who is locked in a tight race for re-election against market-favorite Aecio Neves. Brazil has slipped into recession in the first half of the year and will barely...

  • BRASILIA, Oct 8- Brazil's annual inflation rate in September rose way above the official target to the highest in nearly three years, giving fresh ammunition to opposition candidate Aecio Neves in a run-off vote later this month against President Dilma Rousseff. Meat prices rose sharply after Russia stepped up imports of Brazilian beef, chicken and pork.

  • CARACAS, Oct 8- Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases-- and launch a little subversion. Two New York- based Venezuelan brothers hope this week to start trading on the first bitcoin exchange in the socialist-run country, which already has...

  • SAO PAULO/ BRASILIA, Oct 7- President Dilma Rousseff's strategy of slamming bankers and playing up class divisions may give her the edge in this month's election but it further strains relations with business leaders just as Brazil's stagnant economy badly needs fresh investment. The leftist incumbent, who led the first round of voting on Sunday and now faces...

  • MILAN, Oct 7- Telecom Italia's majority-owned Brazilian mobile firm is considering investing an extra 750 million euros over three years to improve its network, said a person with knowledge of the plan, as the company tries to regain momentum in a key overseas market. Telecom Italia lost out to Spain's Telefonica last month in a $9 billion battle to buy the...

  • They say a long-anticipated fundamental shift in the market may now be under way, ending a four-year stretch when $100- plus prices were the norm, and opening a new era in which OPEC restraint once again becomes paramount. Even output in trouble spots like Libya and Iraq is rising after years of insurrection-led losses. Some analysts say it is too early to tell if...

  • CARACAS, Oct 6- Venezuela has withdrawn money from its central bank reserves to start paying roughly $1.786 billion in debt, a high-ranking government source told Reuters on Monday, allaying fears the Socialist-run country might opt to default. Venezuela has to service roughly $1.498 billion due from its Global 2014 bond on Wednesday and about $250 million in...

  • SAO PAULO, Oct 6- Bank workers in Brazil ended a nationwide strike on Monday after accepting a smaller-than-sought counter-proposal from commercial banks over pay raises for this and next year. Unions from about 50 different regions encompassing Brazil's largest metropolitan areas had joined the strike. Over the past 11 years, the union won a 20.7 percent...

  • RIO DE JANEIRO/ SAO PAULO, Oct 6- Brazilian financial markets rallied on Monday after a pro-business candidate surged to a strong finish in Sunday's election, setting the stage for what is expected to be a tight runoff against leftist President Dilma Rousseff. Aecio Neves of the centrist Brazilian Social Democracy Party made a dramatic late surge from third...

  • LONDON, Oct 6- The International Monetary Fund on Monday urged a rethink of how sovereign bonds should be structured to avoid future debt restructurings turning into a repeat of Argentina's disruptive court battle with a few disgruntled creditors. This follows a ruling by a U.S. court that two hedge funds not party to Argentina's debt restructuring were...

  • RIO DE JANEIRO/ SAO PAULO, Oct 6- Brazilian financial markets rallied on Monday after a market-favorite candidate won strong voter support in Sunday's elections to challenge President Dilma Rousseff, whom investors accuse of driving Latin America's largest economy into a recession. Aecio Neves of the centrist PSDB party made a dramatic late surge from third...