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South America

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  • DIARY - Emerging Markets Economic Events to Aug 5 Tuesday, 22 Jul 2014 | 8:02 PM ET

    July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.

  • NEW YORK, July 22- A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.

  • NEW YORK, July 22- A U.S. judge overseeing Argentina's debt restructuring case on Tuesday ordered negotiators for the country and holdout investors to meet with a court-appointed mediator until a settlement is reached, as time runs short before a potential default. Argentina has been pushed to the brink of a fresh debt default by U.S. court decisions.

  • NEW YORK, July 22- A leading holdout investor in Argentina's debt battle said Tuesday that the country still has no interest in negotiations, just hours before a hearing on previous orders requiring the country pay holdout bondholders. Late Monday, Argentina asked U.S.

  • MEXICO CITY, July 21- Carlos Slim's America Movil, Latin America's biggest telecoms company, said on Monday that new regulation in its core Mexico market was beginning to weigh on its performance.

  • China, Venezuela deepen economic ties during visit Monday, 21 Jul 2014 | 3:10 PM ET

    CARACAS, Venezuela— China approved a $4 billion credit line and a flurry of new cooperative agreements Monday with Venezuela, its chief economic partner in Latin America. Chinese President Xi Jingping and Venezuelan President Nicolas Maduro announced the initiatives during a joint news conference in Caracas.

  • Bolivian president vows to expand coca crops Monday, 21 Jul 2014 | 1:28 PM ET

    LA PAZ, Bolivia— Bolivian President Evo Morales has been re-elected head of the country's largest union of coca growers and promises to expand crops if he wins a third term as the nation's leader. Morales told union members Sunday that Bolivia needs a new law regarding coca production.

  • BRASILIA, July 21- Brazilian President Dilma Rousseff until recently appeared to be cruising toward re-election in October but she now finds herself in a tight race as an already sluggish economy takes a turn for the worse. Frustration in Brazil's biggest cities is also mounting.

  • New Peru law weakens environmental safeguards Sunday, 20 Jul 2014 | 12:02 AM ET

    LIMA, Peru— Dozens of international groups, the United Nations, and even Peru's own citizen ombudsman are objecting to a new law that weakens environmental protections in the Andean nation even as it prepares to host international climate-control talks this year.

  • BUENOS AIRES, July 18- Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. China is Argentina's second-largest trading partner after neighbor Brazil.

  • Low corn prices favor new type of ethanol in Brazil Friday, 18 Jul 2014 | 4:18 PM ET

    SAO PAULO, July 18- Low corn prices in Brazil following a bumper crop are worrying farmers but providing favorable margins for an incipient corn-ethanol industry, said the manager of Usimat, the first Brazilian mill to produce the corn-based biofuel.

  • Brazil talks trade with European Commission head Friday, 18 Jul 2014 | 3:59 PM ET

    SAO PAULO— Brazil's president has met with the head of the European Commission to discuss ways to potentially increase trade between Europe and South America.

  • Ex-Colombia minister ordered jailed on corruption Friday, 18 Jul 2014 | 9:22 AM ET

    BOGOTA, Colombia— A close ally of former President Alvaro Uribe was sentenced in absentia Thursday to more than 17 years in prison for diverting farm subsidies in one of the most prominent corruption cases tied to Uribe's conservative administration.

  • BUENOS AIRES, July 18- Argentina on Friday will sign deals to borrow $7.5 billion from China, its Cabinet chief said, at a time when the Latin American country cannot tap global capital markets due to disputes over unpaid debt.

  • China, Russia leaders seek South American inroads Friday, 18 Jul 2014 | 12:01 AM ET

    During overlapping visits to Latin America, the leaders of China and Russia have been welcomed with open arms by governments that are among the most hostile to Washington, including Cuba, Nicaragua and Venezuela.

  • BRASILIA, July 17- China expanded its trade partnership with Brazil on Thursday with $7.5 billion in financing for Brazilian miner Vale, the purchase of 60 passenger jets from planemaker Embraer and renewed commitment to invest in infrastructure.

  • BRASILIA, July 17- Brazilian aircraft maker Embraer agreed to sell up to 60 commercial passenger jets to China and mining company Vale received two new credit lines from Beijing, as the presidents of the two countries signed agreements to deepen commercial ties.

  • *Portugal Telecom considering lawsuit targeting BES. LISBON, July 17- Banco Espirito Santo could be sued over a loan that one of its founding family's holding companies failed to repay to Portugal Telecom, sources said on Thursday, as credit rating agencies downgraded the bank and its key shareholder.

  • *Ecuador joins Colombia, Peru in group with EU trade deals. BRUSSELS/ QUITO July 17- Ecuador sealed a free-trade deal with the European Union on Thursday, giving the Andean nation greater access to the EU's 500 million consumers and offering the EU's fragile economy another market for its cars, whisky and luxury goods.

  • China, Brazil close plane, finance, infrastructure deals Thursday, 17 Jul 2014 | 12:59 PM ET

    BRASILIA, July 17- China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer.