Colombia
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Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.
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CARACAS, May 14- Venezuela in 2012 became a net importer of gasoline as a result of escalating problems at its refineries and increasing demand for fuel in its internal market, joining a growing list of countries that struggle with fuel supplies despite ample oil reserves.
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NEW YORK, May 7- Global oil markets will be well supplied this year and next, the U.S. Energy Information Administration said on Tuesday, due to demand growing more slowly than expected while output increases rapidly.
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NEW YORK, May 7- Global oil markets will be well supplied this year and next, the U.S. Energy Information Administration said on Tuesday, raising its forecast from a month ago due to demand growing more slowly than expected while output increases rapidly.
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May 7- Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela. Net income attributable to DirecTV was $690 million, or $1.20 per share, compared with $731 million, or $1.07 per share, a year ago.
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*Announces April sales; opening of a new warehouse club in Colombia also. *April sales rose 10.7 percent to $176.1 million. *For 4- week period ended April 28, comp. sales for 29 warehouse clubs open at.
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May 7- Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela, sending shares up 6.7 percent. In the United States, DirecTV added 21,000 net subscribers.
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WASHINGTON, May 6- The International Monetary Fund said on Monday Colombia has requested a new flexible credit line to replace its previous $6 billion two-year program with the Fund, which should expire this month.
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PERTH, May 7- Grappling with soaring costs tied to constructing onshore gas plants, a growing number of energy firms are pledging tens of billions of dollars to build the world's biggest floating structures to exploit offshore gas fields.
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"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
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MEXICO CITY, May 6- Latin American commodity exporters have largely failed to take full advantage of surging raw material prices to boost savings and a recent deterioration in external accounts bears watching, the International Monetary Fund said on Monday.
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The business software maker said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. **BERKSHIRE HATHAWAY INC, $166,483.7, up 2 pct;, $110.90, up 2 pct. **ARKANSAS BEST CORP, $13.51, up 28 pct.
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May 6- Gran Tierra Energy Inc:. 2013 has been revised to $424 million from $363 million. Brazil, Peru and Argentina revised to $424 million from $363 million.
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MEXICO CITY, May 6- Mexico's new government has promised a comprehensive review of its tax system, to be announced in the second half of 2013 along with an overhaul of energy policy.
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**MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct. Bond insurer MBIA and Bank of America have reached a settlement in their ongoing legal disputes, and BofA will pay MBIA $1.6 billion in cash, a source familiar with the matter said.
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The business software maker said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. **BERKSHIRE HATHAWAY INC, $166,483.7, up 2 pct;, $110.90, up 2 pct. **ARKANSAS BEST CORP, $13.51, up 28 pct.
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*Nifty futures on the Singapore Exchange is 0.23 percent down while the MSCI-Asia Pacific index excluding Japan. *India's purchasing managers' index for April INDIAN STOCKS TO WATCH For additional press items double click NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy.
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LIMA, May 1- Brazilian conglomerate Odebrecht plans to invest $20 billion globally over the next three years, mostly in Latin America and much of it in Peru, the company's chief executive said on Wednesday. Chief Executive Marcelo Odebrecht said about 85 percent of overall investments would be made in Latin America.
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NEW DELHI, May 1- Reliance Industries, owner of the world's biggest refining complex, has raised its dependence on heavier grades from Latin America, replacing some of the Middle Eastern crude it used to purchase, tanker arrival data made available to Reuters showed.
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LONDON, May 1- Sugar futures were steady on Wednesday as the market digested reports of a huge delivery against expiry of the ICE May contract, while arabica coffee was little changed near multi-year lows weighed by a big off-year crop in Brazil. *Traders anticipated origins to be Brazil, Central America and even Mexico in a market awash with global supplies.
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*Sabanci becomes majority shareholder with 50.8 pct stake* Move ends suspense over Carrefour's plans in Turkey. PARIS, April 30- Carrefour, Europe's largest retailer, said on Tuesday it was staying in Turkey but selling a 12 percent stake in local venture CarrefourSA.