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Latin America

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  • EXCLUSIVE- MEXICO'S PRESIDENT PENA NIETO MISREPRESENTED TO AUTHORITIES HOW HE ACQUIRED A PROPERTY IN HIS DECLARATION OF ASSETS, DOCUMENTS SHOW.

  • MEXICO'S PRESIDENT PENA NIETO DECLARED TO AUTHORITIES HIS FATHER DONATED A PROPERTY TO HIM, PUBLIC DOCUMENTS SHOW THE PRESIDENT PURCHASED IT.

  • BRASILIA/ RIO DE JANEIRO, May 28- Brazil's central bank risks causing unnecessary damage to a struggling economy if it raises interest rates even more in coming weeks, a growing number of economists and business leaders warn. Brazil's rate hike cycle, the most rigorous among major economies in 2015, is an effort to tamp down inflation, currently running at above 8...

  • BRASILIA, May 27- Brazil's Senate on Wednesday approved an austerity measure that cuts pension benefits as part of President Dilma Rousseff's drive to reduce a widening fiscal deficit and regain investors' confidence in the once-booming economy. On Tuesday, the Senate approved a similarly watered-down version of another measure curbing unemployment...

  • MEXICO CITY, May 27- Mexico's Communications and Transport Ministry has said it will ask the Public Administration Ministry to audit its contracts with builder OHL Mexico, which has become embroiled in a corruption scandal. Recordings were leaked online this month of individuals, alleged to be OHL Mexico officials, discussing overcharging for a public works...

  • SAO PAULO, May 27- Russia on Wednesday banned the import of meat from 10 Brazilian processing plants starting on June 9, but the world's top beef exporter said the ban will not impact trade. Russia, the second biggest importer of Brazilian beef in 2014 after Hong Kong and a major importer of the country's pork, regularly bans imports from Brazilian meat packers.

  • AREQUIPA, Peru— Dozens of farmers and activists burned tires and briefly occupied a bridge in Peru's southern highlands Wednesday, defying troops sent to quell weeks of deadly protests against a Mexican-owned copper mining project. The first of two days of planned protests against the $1.4 billion Tia Maria copper mine was otherwise peaceful as hundreds of...

  • SAO PAULO, May 27- Brazil is considering an expanded role for private companies in nuclear power generation, as it looks to meet rising electricity demand and provide backup for a hydro system pushed to its limits, Energy Minister Eduardo Braga said on Wednesday. Braga, who calls nuclear power "a necessity but not a priority," wants up to four new reactors to provide...

  • SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence that the former director, Nestor Cervero, set up a...

  • SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former...

  • SAO PAULO, May 26- Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country's main grain producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said. El Nino can lead to scorching weather across Asia and east Africa, but heavy rains and floods in parts of South...

  • Salmon, fruit losses due to Chilean customs strike Tuesday, 26 May 2015 | 11:25 AM ET

    "So far we have about $16 million in losses in fresh fruit due to the shipping problems," said ASOEX president Ronald Bown, who added that "the main problem here is not the fruit losses but the impact on the country's image and credibility." Bolivia's government said on Tuesday that the strike is affecting its trade and that more than 2,000 trucks with cargo are stuck...

  • HAVANA— The thaw in relations between the U.S. and Cuba has led to a stunning 36 percent increase in visits by Americans to the island, including thousands who are flying into Cuba from third countries like Mexico in order to sidestep U.S. restrictions on tourism. The dramatic rise was seen in the number of Americans with no family ties to Cuba who visited between...

  • OTTAWA, May 25- North American energy ministers said on Monday they had set up a working group on climate change and energy, a partnership designed to help Canada, the United States and Mexico harmonize policies. The agreement comes even as Canada's right-leaning Conservative government and the Obama administration clash over the lengthy and ongoing U.S....

  • MEXICO CITY— Hundreds of taxi drivers marched through Mexico City Monday chanting "Uber Out!" Taxi drivers' leader Eleazar Romero told the rally that "we are not against technology. Uber responded on its blog by offering Mexico City commuters free rides on Monday, with hashtags that roughly translate as "If Mexico won't stop, Uber won't stop.

  • CARACAS, Venezuela— It's still possible to buy a gleaming Ford truck in Venezuela, rent a chic apartment in Caracas, and snag an American Airlines flight to Miami. The latest sign of an emerging dual-currency system came earlier this month when Ford Motor Co. union officials said the company had reached a deal with officials to sell trucks and sports utility...

  • LOS ANGELES— It's a meet-and-greet worthy of an A-list star. "A year ago, I went to New York and tried to get a book publisher to take a meeting with me," said Graham, who represents Franta and other mega-popular YouTubers. Here we are a year later at Barnes& Noble in Los Angeles with a New York Times best-selling author who is a client.

  • Peru suspends civil liberties in region after 4th death Saturday, 23 May 2015 | 12:53 AM ET

    LIMA, Peru— Peru's government said it was suspending civil liberties in a southern coastal valley after a fourth death in violent anti-mining protests against a Mexican-owned copper mining project. One protester was killed and four injured Friday in clashes, which have escalated since farmers mounted resistance two months ago to the $1.4 million project...

  • BRASILIA/ RIO DE JANEIRO, May 22- Brazil will freeze 69.9 billion reais worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the nation's investment-grade rating. Still, most analysts believe the freeze will not be enough to meet Brazil's...

  • CARACAS, Venezuela— Venezuelans are dumping their rapidly depreciating currency at an ever quicker pace as the crisis-plagued economy edges dangerously close to an outbreak of hyperinflation. That was down from 300 bolivars per dollar on May 14 and 173 at the start of the year. A Barclay Capital Inc. report issued Friday pointed to government expansion of the...