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  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the biggest...

  • SAO PAULO, Feb 25- Truckers staged nearly 100 road blocks across Brazil's farm belt on Wednesday as protests stretched into their eighth day, though access to the country's biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and...

  • BUENOS AIRES, Feb 25- Argentina, shunned by the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and is considering issuing a long-term dollar-denominated bond. Any new bond would be issued under local Argentina law, officials said. Investors piled into a new $500 million bond from the city of Buenos Aires...

  • Rota do Oeste, the company that runs the main highway in Brazil's leading soybean state of Mato Grosso where the trucker protest started on Feb. 18, said trucks continue parked along the shoulders in several cities of the state on Wednesday. Brazil's attorney general said on Monday it would begin issuing fines of 100,000 reais to truckers or logistics companies...

  • SYDNEY, Feb 25- Australia and the United States, two of the world's biggest wheat exporters, are racing to become mass producers of the South American "super food" quinoa and tap a gluten-free market expected to be worth more than $6 billion by 2018.. "We have been growing quinoa for about five years now, and as the market has grown, there is little shortage of other...

  • Protest by Brazilian truckers grows, creating shortages Wednesday, 25 Feb 2015 | 8:54 AM ET

    SAO PAULO— Weeklong protests by Brazilian truckers demanding lower fuel and toll prices have spread, causing shortages of gasoline and other products. The Transportation Ministry's press office said Wednesday that truck drivers are blocking roads in 10 states and television stations broadcast images showing long lines of cars at gas stations that were...

  • Williams and O'Reilly cases diverge Wednesday, 25 Feb 2015 | 7:10 AM ET

    That's what Brian Williams and Bill O'Reilly have in common as each man is besieged with questions about his credibility. NBC News suspended Williams for incorrectly saying he rode in a helicopter hit by an enemy grenade while reporting in Iraq in 2003. O'Reilly, Fox News Channel's prime-time star, is accused of claiming he had reported in a combat zone for CBS...

  • Oil boom's end threatens pain for much of Latin America Wednesday, 25 Feb 2015 | 12:07 AM ET

    PUERTO GAITAN, Colombia— Soaring oil prices the past decade transformed this rural backwater into Colombia's richest city as nearby fields pumped black gold, drawing new businesses, international pop stars and vanity art projects such as the biblical-themed arch that towers over these sweltering grasslands. "Things are going badly but we haven't touched...

  • Brazil oil firm Petrobras downgraded to junk status Tuesday, 24 Feb 2015 | 8:33 PM ET

    RIO DE JANEIRO— Brazil's state-run oil company Petrobras' debt was downgraded to junk status on Tuesday by Moody's Investors Service. It's the latest sign of the quick fall from grace of Petrobras, which not long ago was seen as an industry darling prepared to lead development of Brazil's recent finds of massive offshore oil basins that could hold upward of 100...

  • SINOP, Brazil, Feb 24- Brazilian truck drivers protesting high fuel prices for a seventh day on Tuesday interrupted supplies of diesel and raw materials across the country and threatened to hold up grains exports at ports in the middle of a record harvest. President Dilma Rousseff called an emergency meeting, hoping to defuse the strikes, which threaten the...

  • RIO DE JANEIRO, Feb 24- Brazilian unions have filed a lawsuit alleging that the largest operator of McDonald's restaurants in Latin America violates Brazil's labor laws, a case that could lead to fines of up to 30 percent of annual sales. According to the suit filed on Monday in Brazil's federal labor court in Brasilia, violations committed by Arcos Dorados...

  • RIO DE JANEIRO— A judge has suspended auctions of big-ticket assets belonging to Eike Batista, the business magnate who once was Brazil's richest man and now faces charges of insider trading and market manipulation. Federal Judge Messod Azulay ordered the postponement of auctions scheduled for this week and early next month. More than $1 billion worth of...

  • Brazil unions sue McDonald's, try to block new stores Tuesday, 24 Feb 2015 | 2:36 PM ET

    SAO PAULO— Brazilian labor unions are suing McDonald's and its local franchisee Arcos Dourados for allegedly violating labor laws for at least 30 years. The suit filed Monday in Brasilia also seeks to prevent McDonald's from opening new stores until it complies with legislation and asks that it be slapped with penalties of up to 30 percent of its revenue in...

  • BRASILIA, Feb 24- The Brazilian government is working on a plan to save up around 80 billion reais this year to meet a fiscal goal that is crucial to regain investors' trust, a senior lawmaker and a government official said on Tuesday. His comments suggest the government will likely continue to raise taxes to reach its primary fiscal surplus goal of 66 billion reais,...

  • BUENOS AIRES, Feb 24- The Argentine spy at the center of a scandal over last month's death of a state prosecutor was accused on Tuesday of importing tonnes of contraband merchandise during his final years as head of the country's counterintelligence office. Antonio Stiuso was forced out of the SI intelligence service in December, weeks before state prosecutor...

  • Former Petrobras executive charged with taking bribes Tuesday, 24 Feb 2015 | 12:37 PM ET

    BRASILIA, Feb 24- Prosecutors on Tuesday accused a former senior Petrobras executive of racketeering, bribery and money laundering through Switzerland and Uruguay in a widening kickback scandal that has engulfed Brazil's state-run oil company. Nestor Cerveró was head of international operations at Petroleo Brasileiro SA, as the company is known, from...

  • Brazil unions sue McDonald's operator on pay, rules Tuesday, 24 Feb 2015 | 11:48 AM ET

    RIO DE JANEIRO, Feb 24- Brazilian unions have filed suit alleging that the largest operator of McDonald's restaurants in Latin America violates Brazil's labor laws, a case that could lead to fines of up to 30 percent of annual sales. According to the suit filed on Monday in Brazil's federal labor court in Brasilia, violations committed by Arcos Douados Holdings...

  • SINOP, Brazil, Feb 24- Truck drivers protesting high fuel prices for a seventh day on Tuesday interrupted supplies of diesel and raw materials across Brazil's farm belt and threatened to hold up grains exports at ports in the midst of a record harvest. The strike has led to a shortage of diesel fuel in parts of Brazil's bountiful center-west grains belt.

  • Brazil detains alleged deforestation king of Amazon Tuesday, 24 Feb 2015 | 11:00 AM ET

    RIO DE JANEIRO— Brazil has detained a land-grabber thought to be the Amazon's single biggest deforester, the country's environmental protection agency said. The Brazilian Institute of Environment and Renewable Natural Resources said Ezequiel Antonio Castanha, who was detained Saturday in the state of Para, operated a network that illegally seized...