GO
Loading...

Latin America

More

  • RIO DE JANEIRO/ SAO PAULO/ MILAN, Jan 23- Oi SA, Brazil's most indebted phone carrier, is open to all options in a potential process of industry consolidation as long as the transaction helps create value for shareholders, Chief Executive Officer Bayard Gontijo said on Friday. However, management at Telecom Italia SpA, TIM's controlling shareholder, plans to meet...

  • BUENOS AIRES, Jan 23- Argentina suspects rogue agents from its own intelligence services were behind the death of a state prosecutor investigating the deadly 1994 bombing of a Jewish community center in Buenos Aires. He had been scheduled to appear before Congress on Monday to answer questions about his allegation that President Cristina Fernandez...

  • Before you book: A look inside Cuba Friday, 23 Jan 2015 | 10:06 AM ET
    A closeup of a hood ornament on one of the classic American cars in Havana, Cuba.

    As the U.S. draws closer to Cuba, here's what American travelers can expect to see in colorful Havana.

  • SAN CRISTOBAL/ CARACAS, Jan 23- Robbers and looters are targeting trucks carrying food across Venezuela in another sign of worsening shortages that have turned basics like flour and chicken into coveted booty. Crime has long plagued shops and roads in Venezuela, which has one of the world's highest murder rates. Armed National Guard troops have been deployed to...

  • BRASILIA, Jan 23- Brazil's inflation rate spiked to its highest in more than three years in mid-January as local and federal authorities raised electricity tariffs and bus fares to balance government finances, statistics agency IBGE said on Friday. Key producing regions in Brazil, the world's largest exporter of coffee, sugar, soy and beef, have received much...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...

  • BUENOS AIRES, Jan 22- The death of a prosecutor investigating the bombing of a Jewish community center was not a suicide, as was initially reported, Argentine President Cristina Fernandez said on Thursday. He had accused Fernandez of trying to derail his investigation into the bombing and was due to present his case to Congress hours later on Monday.

  • The socialist-run OPEC member's economy shrank 2.8 percent in 2014 while inflation topped 64 percent, the socialist leader announced in a speech to parliament, in what is almost certainly the worst performance in Latin America. With oil prices down by more than half since mid-2014, Venezuela's economic mess has hit Maduro's popularity hard and threatened...

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • CARACAS, Venezuela— Venezuela's embattled president pledged Wednesday night to strengthen safety net programs and he rejected devaluing the currency during a long-delayed speech addressing the socialist country's deteriorating economy. President Nicolas Maduro had promised several times in the past month to make announcements regarding the South...

  • With oil prices down by more than half since mid-2014, Venezuela's economic mess has hit Maduro's popularity hard and threatened the future of the ruling "Chavismo" movement named for his charismatic predecessor Hugo Chavez. The 52- year-old Maduro blamed political foes for Venezuela's dismal economic data, but he also announced the most concrete changes in...

  • CARACAS, Jan 21- OPEC member Venezuela's recession-hit economy shrunk 2.8 percent in 2014 while inflation topped 64 percent, President Nicolas Maduro said on Wednesday, in almost certainly the worst performance in Latin America. In his annual address to parliament, the 52- year-old successor to Hugo Chavez blamed political foes and an "economic war" for...

  • MEXICO CITY, Jan 21- The Latin American Integrated Market, or MILA, which comprises the bourses of Chile, Colombia, Peru and Mexico, plans to include debt instruments in 2016 and indexes for sectors such as mining and energy, top bourse officials said on Wednesday. Jose Oriol Bosch, chief executive of Mexico's stock exchange, said on the sidelines of an event at the...

  • BRASILIA, Jan 21- State-run Brazilian oil producer Petroleo Brasileiro SA does not need to curtail its multibillion-dollar investment plan because of a growing corruption scandal, Mines and Energy Minister Eduardo Braga told Reuters on Wednesday. As a result, company officials said in December they expect to cut back a five-year $221- billion investment...

  • CARACAS, Venezuela— President Nicolas Maduro announced a boost in wages Wednesday night and dismissed talk of currency devaluation as he tries to pull oil-dependent Venezuela out of a recession and quell mounting frustration with his socialist policies. In a much-anticipated annual address to the legislature, Maduro avoided the dramatic reengineering...

  • Venezuela is down to its last banker: China Wednesday, 21 Jan 2015 | 1:58 PM ET
    Venezuelan President Nicolas Maduro (R) gestures after decorating China's President Xi Jinping (L) with a Venezuelan sash during an official visit in Miraflores Presidential Palace, Caracas on July 20, 2014.

    Venezuela may be down to its last lifeline as oil prices continue to plummet, and the country needs financial backing more than ever.

  • Mexico president faces new questions about personal assets Wednesday, 21 Jan 2015 | 11:58 AM ET

    According to the Wall Street Journal, Pena Nieto bought the country-club house in Ixtapan de la Sal, about 70 miles south of the capital, from Roberto San Roman shortly after becoming governor of the state of Mexico in 2005.. It reported that San Roman's construction company won more than $100 million in state government contracts between 2005 and 2011, and at...

  • DAVOS, Switzerland— Pharrell Williams says he'll have all of humanity singing together at a worldwide concert June 18 to fight global warming. The pop star is teaming up with Nobel Peace Prize-winner Al Gore and producer Kevin Wall to pull off a "Live Earth" concert on seven continents to build support for a U.N. climate pact in Paris among more than 190 nations in...

  • CARACAS, Jan 21- There's a booming new profession in Venezuela: standing in line. As Venezuela's ailing economy spawns unprecedented shortages of basic goods, panic-buying and a rush to snap up subsidized food, demand is high and the pay is reasonable. Unemployed until he tried his new career late last year, Luis earns about 600 bolivars, a whopping $95 at...