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  • DIARY- Emerging Markets Economic Events to May 25 Monday, 11 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • May 11- A rigorous cost-cutting program at debt-burdened Oi SA has hundreds of measures- including leaving the Brazilian telecommunication's company's 17,000 staff sweltering in the dark if they work late in its offices. Chief Executive Bayard Gontijo said in an interview on Monday that the company's strict new 7 p.m. policy to switch off the air...

  • BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes in the 2018-2020 period, 9.4 percent more than the...

  • NEW YORK, May 11- Argentina debt holdouts on Monday asked a U.S. court to make more of the country's debt, including bonds issued last month, subject to a prior court order blocking the country from making payments on its obligations without paying the holdouts as well. Aurelius Capital Management, one of the lead holdout investors in defaulted Argentina...

  • BRASILIA, May 11- Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters. A fiscal austerity push that cut government financing has forced President Dilma...

  • LIMA, May 11- Peru's energy and mines minister said on Monday that she has halted talks with Southern Copper Corp over its stalled $1.4 billion Tia Maria project until the miner explains its role in possible "wrongdoing." The government has also summoned German Larrea, the chief executive of Southern Copper's parent company, Grupo Mexico, to the capital Lima to...

  • BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes, 9.4 percent more than the mine's expected capacity of...

  • NEW YORK, May 11- Argentina debt holdouts filed motions with a U.S. court on Monday seeking to broaden the scope of a prior court ruling that blocks the South American country from making payments on its debt without also paying them at the same time. Aurelius Capital Management, one of the lead holdout investors in defaulted Argentina sovereign debt, wants its...

  • May 11- Brazilian telecom group Oi SA is reconsidering the sale of its African assets as relations improve with an estranged partner, Chief Executive Bayard Gontijo said on Monday. "We are changing the center of gravity from Lisbon to Brasilia," Gontijo said, adding that relations with Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos,...

  • RIO DE JANEIRO, May 8- Brazil's monthly inflation rate eased more than expected in April to the lowest in five months, data showed on Friday, underpinning government expectations that the worst of Brazil's recent price surge is over. Brazil's annual inflation rate remained well above the government's target at a 11- year high, though, backing up forecasts for...

  • BRASILIA/ SAO PAULO, May 8- Brazil Finance Minister Joaquim Levy's four-month-old austerity plan is encountering growing resistance in Congress, as some legislators say his policies may deepen a looming recession. This week, leaders in President Dilma Rousseff's own Workers' Party refused to pass a reduction in social welfare benefits designed to save the...

  • BUENOS AIRES, May 7- Hedge funds suing Argentina over its defaulted debt have had some funds in the country's Belgian diplomatic bank accounts frozen in a bid to pressure a settlement in the dispute, a move Buenos Aires described as "attempted extortion" and illegitimate. Argentina restructured most of that debt in 2005 and 2010, giving holders around 30 cents on...

  • DIARY- Emerging Markets Economic Events to May 21 Thursday, 7 May 2015 | 8:02 PM ET

    BUCHAREST- Romania central bank Governor Mugur Isarescu presents the quarterly inflation report. LUSAKA- Bank of Zambia announces interest rate decision. ACCRA- Central bank of Ghana holds monetary policy meeting.

  • BRASILIA, May 7- Brazilian Finance Minister Joaquim Levy on Thursday defended unpopular austerity measures and floated the idea of setting a target to lower the country's ballooning overall budget deficit. In a narrow vote, Brazil's House of Deputies approved on Wednesday a watered-down version of a bill to cut unemployment benefits. Brazil's 12- month...

  • BRASILIA, May 7- Brazilian Finance Minister Joaquim Levy said on Thursday that the government's fiscal adjustment should be done quickly to pave the way for faster economic growth in the future.

  • SAO PAULO, May 7- German engineering firm Bilfinger has become the first international company to disclose to Brazil that it may have paid bribes as it seeks leniency under a new anti-corruption law, Comptroller General Valdir Simão said on Thursday. By reporting potential graft to the comptroller, known by the acronym CGU, Bilfinger hopes to continue...

  • CARACAS, May 6- Venezuela is investigating whether drug companies including Germany's Merck KGaA and Bayer AG have improperly profited from subsidized foreign exchange amid growing medicine shortages, the country's health minister said. Those firms have received a favorable exchange rate through Venezuela's currency controls to produce or import...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.