GO
Loading...

South America

More

  • Cybercrime ring uncovered in Brazil Thursday, 3 Jul 2014 | 10:38 AM ET

    SAO PAULO— A massive cybercrime ring in Brazil may have stolen billions of dollars from a widely used online payment system, a technology security company said. The Federation of Brazilian Banks that represents Brazil's banking industry said the country's banks lost 1.4 billion reals to electronic fraud in 2012..

  • Chilean fishermen clash with police after protest Wednesday, 2 Jul 2014 | 5:50 PM ET

    SANTIAGO, Chile— Small-scale fishermen in Chile have clashed with police after a protest in the port of Valparaiso. Fishermen marched to the Congress on Wednesday to demand improved working conditions and an increase in the amount of cuttlefish they're allowed to catch. Chile has more than 2,500 miles of coast and fishing is among its top industries.

  • EMC Corp's RSA Security said cyber criminals have been using software known as "Eupuds" to steal funds from customers of Brazil's widely used Boleto Bancário payment system, redirecting them to fraudulent accounts.

  • AP staff win awards for tornado, shooting stories Tuesday, 1 Jul 2014 | 12:19 PM ET

    NEW YORK— Coverage of a devastating Oklahoma tornado won an award for deadline reporting and a story on the aftermath of the Connecticut school shootings won one for feature writing from the Associated Press Media Editors for journalism excellence by AP staffers.

  • BRASILIA, June 30- Brazil posted in May its second-widest monthly primary budget deficit ever, a worse-than-expected result that puts at risk the country's key fiscal and debt servicing goal for the year.

  • District Judge Thomas Griesa in New York told lawyers representing Argentina and BNY Mellon that any attempt to make payment to bondholders without complying with his court is illegal.

  • The holdouts want full repayment on bonds that Argentina defaulted on in 2002 and they have won a string of victories in U.S. courts that put the country on the brink of a new default.

  • The holdouts want full repayment on bonds that Argentina defaulted on in 2002 and they have won a string of victories in U.S. courts that put the country on the brink of a new default.

  • BRASILIA, June 26- A federal court has revoked the environmental license for a large gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities. Belo Sun's stock fell 7 percent on the Toronto Stock Exchange to 19 Canadian cents.

  • BUENOS AIRES, June 26- Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through.

  • BUENOS AIRES, June 26- Argentina has deposited the next payment that the government owes on its restructured bonds, Economy Minister Axel Kicillof said on Thursday, while a U.S. federal court decides whether to allow the payment to go through.

  • BRASILIA, June 26- Brazil's inflation will start to subside next year after economic growth slows further, the central bank said on Thursday, reinforcing expectations that it will not raise interest rates in the near future.

  • By Jonathan Cable and Rahul Karunakar. June 26- Asia will spearhead gains in global equities in the coming year as ample central bank liquidity boosts shares, according to a worldwide Reuters poll that pointed to more modest gains for developed markets.

  • *Brazil investors hoping for more market-friendly president. SAO PAULO/ MEXICO CITY, June 26- Brazil's Bovespa stock index will rally or sink at the end of the year depending on the outcome of the nation's presidential election in October, a Reuters poll showed on Thursday, while Mexican shares will track economic growth higher.

  • LIMA, June 25- A federal judge in Lima has ordered a regional president detained for 14 months while prosecutors prepare corruption charges against the official, who is the main opponent of Newmont Mining's $5 billion stalled Conga gold project.

  • UNITED NATIONS, June 25- Argentina's Economy Minister Axel Kicillof warned United Nations diplomats on Wednesday the country is being pushed toward a new default after a U.S. Supreme Court decision favored holdout creditors seeking payment on bonds it defaulted on in 2001-2002..

  • BUENOS AIRES, June 25- Argentina's debt servicing costs are set to more than double in 2015 as foreign reserves slide to critically low levels, boosting pressure on the nation to resolve its 12- year-old battle with creditors and regain access to international credit markets.

  • NEW YORK, June 25- Argentina's Economy Minister Axel Kicillof is due to address the United Nations and the press on Wednesday about the country's standoff with holdout bond investors, but it remains to be seen whether he will actually open negotiations while the clock ticks down toward a debt default.

  • NEW YORK, June 25- Argentina's Economy Minister Axel Kicillof will hold a news conference following his address on the country's debt situation to the United Nations, the country's U.N. ambassador said Wednesday.

  • BRASILIA/ RIO DE JANEIRO, June 24- Brazil plans to sell billions of dollars worth of offshore oil rights to state-run oil company Petrobras, a move expected to saddle the company with new costs even as its debt soars and it struggles to meet existing production targets.