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Latin America

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  • JBS USA, a division of Sao Paulo, Brazil- based JBS, and Cargill said Wednesday they have signed an agreement for the $1.45 billion transaction. JBS USA Pork Chief Operating Officer Martin Dooley says it's a strategic investment in the long-term growth of the company's U.S. pork business. Feed mills in Arkansas, Iowa, Missouri, and Texas are included, along with hog...

  • BUENOS AIRES, Argentina— As Argentines closely watch the financial turmoil in Greece recalling their own worst crisis 14 years ago, the architect of the South American country's recovery has a message for the European nation: Renegotiate your debt. Greece is in a financial limbo now that its bailout program has expired, cutting it off from vital financing and...

  • The Sao Paulo city council voted 48-1 late Tuesday to prohibit the use of smartphone-based ride-sharing applications like Uber in the city of 12 million. The Sao Paulo measure still needs another vote and then the approval of Mayor Fernando Haddad before taking effect. On its Facebook page, Uber said the company "defends the right of users to choose the way they...

  • SAO PAULO, July 1- The city council of Sao Paulo, South America's largest metropolis, voted to ban the U.S-based Uber ride-sharing service late Tuesday, the latest setback for the company after several countries took similar steps in recent months. "Uber defends the right of users to choose the way in which they move about the city," the company said in a statement...

  • RIO DE JANEIRO, July 1- Brazilian state-run oil company Petroleo Brasileiro SA's long history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its massive debt. Petrobras, though, has not met an annual production target since 2003 when the Workers' Party government of Brazilian President Dilma...

  • But within a year from a sharp devaluation in early 2002 the country returned to economic growth- something that Greece must now crave, with its economy shrinking by more than 25 percent since 2009.. On Tuesday, German Chancellor Angela Merkel ruled out new negotiations with Greece until after it votes on a bailout proposal by creditors. That left Athens...

  • SAO PAULO, June 30- Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi's global vice-president, Hugo Barra, said in an interview on Tuesday that Brazil was "stage one of our Latin...

  • SAO PAULO, June 30- Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi's global vice-president, Hugo Barra, said at a launch event on Tuesday that the entry-level Redmi 2 smartphone...

  • NEW YORK— Fallout from Donald Trump's remarks about immigrants from Mexico continued Tuesday as a TV company backed by Mexican billionaire Carlos Slim said it was scrapping a project in development with the outspoken mogul, and Mexico announced it won't be sending a contestant to the Miss Universe contest, which Trump partly owns. NBC followed suit on Monday...

  • US opening market to Argentina, Brazil beef imports Tuesday, 30 Jun 2015 | 2:43 PM ET

    BUENOS AIRES, Argentina— Argentina and Brazil are greeting news that they will soon be able to export fresh beef into the United States after a longtime ban. Exports of fresh beef from Argentina to the three North American countries could be worth about $280 million, said Economy Minister Axel Kicillof. The U.S. Department of Agriculture's Animal and Plant...

  • Online retailer Amazon opens in Mexico Tuesday, 30 Jun 2015 | 10:47 AM ET

    MEXICO CITY— Online retail giant Amazon has opened its Mexico site for business, offering free delivery on orders of over 599 pesos. A statement posted on the Amazon.com. mx site Tuesday said "we are launching in Mexico with more categories, more items and more functions than any other international Amazon website has featured at launch." Among its Mexico...

  • —after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech. But as he launches his 2016 presidential bid in earnest, his latest comments— that some Mexican immigrants bring drugs and crime to the country and are rapists— offended many, were denounced by Mexican-American groups...

  • MEXICO CITY— Mexican media giant Televisa says it will no longer broadcast the Miss Universe Pageant or engage any other communication project with Donald Trump. He advocated building a wall along the United States' southern border. NBC also ended its relationship with Trump on Monday.

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • CHICAGO, June 29- Fresh beef from Brazil and Argentina will be allowed into the United States under amended regulations that specify conditions to mitigate risk of foot-and-mouth disease, the U.S. Department of Agriculture's Animal and Plant Health Inspection Service said on Monday. Brazil and Argentina also need to meet food safety standards before being...

  • LONDON, June 29- Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region. He said Argentina was conducting a "flagrant and unacceptable campaign to strangle the Falkland Islands...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • DUBLIN, June 29- A Boeing 787 Dreamliner en route from Mexico City to Paris made an emergency landing at Ireland's Shannon Airport on Monday and all 193 people on board disembarked safely, a spokesman for the airport said on Monday. Mexico's Aeromexico said in a statement that an alert in the cargo hold of the flight caused it to divert, and a spokesperson later...

  • Officials hint at possible win for Uber in Mexico City Monday, 29 Jun 2015 | 12:03 AM ET

    MEXICO CITY— Times are tough for Uber in many parts of the world, from a recent California ruling that its drivers cannot be classified as contractors to a Paris taxi protest that became a riot and led France's president to promise a crackdown. But the smartphone-based ridesharing app may soon get some good news in Mexico City. Even Mexico City's Human Rights...

  • Brazil's finance minister suffers pulmonary embolism Saturday, 27 Jun 2015 | 1:47 PM ET

    SAO PAULO— Brazil's Finance Ministry says Minister Joaquim Levy suffered a pulmonary embolism Friday night but was recovering and was expected to fly New York to accompany President Dilma Rousseff on her official visit to the United States. Levy's press office said he was hospitalized in Brasilia after complaining of chest pains. Levy crafted the fiscal...