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  • BUENOS AIRES, Dec 10- Argentina launched on Wednesday its first dollar-denominated bond sale since its latest default, and will likely meet strong demand from investors seeking big positions in high-yielding Argentine debt, local market players said. Argentina said it wanted to show it can pay its debts. Argentina has issued little debt since its record 2002...

  • Argentina's YPF signs deal Malaysia's Petronas Wednesday, 10 Dec 2014 | 3:47 PM ET

    BUENOS AIRES, Argentina— Argentina's state-run energy company YPF SA has signed a deal with Malaysia's Petronas to develop massive deposits of shale oil and gas in Patagonia. Petronas will provide $475 million of an initial investment totaling $550 million for a pilot phase scheduled to start early next year in the so-called Vaca Muerta deposit.

  • A climate idea comes of age: Zero emissions Wednesday, 10 Dec 2014 | 3:36 PM ET

    The global climate pact set for adoption in Paris next year should phase out greenhouse gas emissions by 2050, says the London- based environmental lawyer. That's a message people understand, "said the Pakistani-born Yamin, who has been instrumental in getting that ambitious, some say crucial, goal into drafts being discussed at U.N. talks in Lima this week.

  • At the same event, Venezuela's foreign minister and top OPEC emissary Raphael Ramirez provided his country's answer to Naimi's question: OPEC must act, he told Reuters, because "that is our job. Ramirez said Venezuela would evaluate whether to call for an emergency OPEC meeting after seeing how oil prices perform in the first quarter. Last month, Gulf producers...

  • After protests, Brazil cities try again to hike bus fares Wednesday, 10 Dec 2014 | 9:55 AM ET

    SAO PAULO, Dec 10- Brazilian cities are pressing ahead with plans to raise bus fares, despite threats of a repeat of street protests that shook President Dilma's Rousseff's government last year. The fare hikes are seen as an important test case for Rousseff's plan to roll out several unpopular measures, including higher taxes and budget cuts, in an effort to...

  • Petrobras funding options run slim as scandal deepens Wednesday, 10 Dec 2014 | 9:55 AM ET

    SAO PAULO, Dec 10- Brazil's state-controlled oil firm Petrobras may have to hike fuel prices, cut spending or seek a capital injection from the government next year as a widening corruption probe threatens to temporarily leave it out of capital markets. If auditors fail to approve its annual results by April, that could trigger early repayment of as much as $11...

  • NEW YORK, Dec 9- Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation's cash flow, compounding already weak economic conditions. Analysts point out that Venezuela, despite all its debt, is not a heavily indebted nation.

  • Brazil seek charges for 13 in Petrobras case Wednesday, 10 Dec 2014 | 9:11 AM ET

    SAO PAULO— Brazil's Federal Police agency has asked prosecutors to file charges against 13 people suspected of involvement in the corruption scandal engulfing the state-owned oil company Petrobras. Youssef, who has been talking to police in exchange for a lighter sentence, recently claimed that re-elected President Dilma Rousseff and former President...

  • CARACAS, Dec 10- Packing potatoes at his vegetable stand on a sun-baked street in Caracas's hillside Catia slum, Jesus Jimenez fondly recounts voting for late president Hugo Chavez. Like millions in Venezuela's poor "barrios," the chatty father of 14 worshipped the larger-than-life Chavez and benefited from his welfare programs, especially Cuban-staffed...

  • *Bankruptcy protection petition will preserve cash- Eneva. SAO PAULO/ FRANKFURT, Dec 10- Eneva SA, the Brazilian power producer controlled by Germany's E.ON SE and Eike Batista, filed for creditor protection late on Tuesday, becoming the latest company founded by the tycoon to seek bankruptcy protection. E.ON gained control of Eneva, formerly MPX Energia SA, last...

  • Secretary-General Ban Ki- moon, expressing deep concern about slow action to combat climate change, told governments at U.N. talks in Lima on Tuesday there was no "time for tinkering" and urged a radical shift to greener economies. "But the window of opportunity is fast narrowing," he told delegates from about 190 nations at the Dec. 1-12 talks working on a deal, due in...

  • LIMA, Dec 9- A new Green Climate Fund that aims to help poor nations cope with global warming reached a U.N. goal of $10 billion on Tuesday at global climate talks in Lima, helped by a surprise donation from Australia. Several of the 190 nations at the meeting welcomed the cash from both Australia and Belgium, but China said rich countries were not working fast enough...

  • SAO PAULO, Dec 9- Eneva SA, the ailing Brazilian producer controlled by Germany's E.ON SE, filed late on Tuesday for credit protection in a Rio de Janeiro court after failing to refinance part of its 2.33 billion reais in outstanding debt. Banks, which were the biggest chunk of Eneva's creditors, refused to renew an accord to refinance the company's debt after...

  • BRASILIA, Dec 9- Brazil's prosecutor-general Rodrigo Janot on Tuesday called for the replacement of state-controlled oil company Petrobras' top management and punishment of everyone involved in a scheme to funnel kickbacks from contracts to politicians. Janot made his strongest comments so far on Brazil's latest corruption scandal as federal...

  • US sending Kerry, adding to focus on climate talks Tuesday, 9 Dec 2014 | 1:17 PM ET

    LIMA, Peru— The United States is putting an extra focus on U.N. climate talks by sending an unusually high-ranking official to the sessions in Peru: Secretary of State John Kerry. U.S. officials in Washington confirm Kerry is expected in Lima on Thursday, the penultimate scheduled day of negotiations. The Lima talks are meant to produce a draft for a hoped-for...

  • Lima climate talks set for record carbon footprint Tuesday, 9 Dec 2014 | 12:16 PM ET

    LIMA, Peru— The current U.N. climate talks will be the first to neutralize all the greenhouse gas pollution they generate, offset by host country Peru's protection of forest reserves, organizers say. Now the bad news: The Lima conference is expected to have the biggest carbon footprint of any U.N. climate meeting measured to date. Eleven football fields of...

  • RPT-BUSINESS-NEWS-SCHEDULE AT 1600 GMT /1100 ET Tuesday, 9 Dec 2014 | 11:45 AM ET

    LONDON- Oil prices plumbed fresh five-year lows on Tuesday, prompting investors worried about the global economy and renewed political uncertainty in Greece to dump shares. LONDON- Greek share and sovereign bond markets plunge after the government brings forward a presidential vote, in a political gamble that heightens uncertainty over the country's...

  • Secretary-General Ban Ki- moon, expressing deep concern about slow action to combat climate change, told governments at U.N. talks in Lima on Tuesday there was no "time for tinkering" and urged a radical shift to greener economies. "But the window of opportunity is fast narrowing," he told delegates from about 190 nations at the Dec. 1-12 talks working on a deal due in...

  • BRASILIA, Dec 9- Brazil's top prosecutor called on Tuesday for the punishment of everyone involved in a scheme to funnel kickbacks from contracts with state-run oil firm Petrobras to politicians, and said he expected the company's management to be replaced. Rodrigo Janot's strongest comments so far on Brazil's latest corruption scandal were made as federal...

  • Climate Investment Funds get $765 mln injection Tuesday, 9 Dec 2014 | 9:08 AM ET

    LIMA, Dec 9- The Climate Investment Funds, an institution that finances programs to cut greenhouse gas emissions, has received an injection of $765 million that increased CIF's total pledges to $8.3 billion, according to Mafalda Duarte, who manages the funds. The fresh money will help CIF expand to new countries and bridge gaps on financing on some of its current...