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  • US companies clamor to do business in Cuba Friday, 19 Dec 2014 | 8:43 AM ET

    Some U.S. companies took immediate steps to enter the Cuban marketplace after Obama's move to end the trade embargo. The NYT reports.

  • Brazil graft cases: Beginning of impunity's end? Friday, 19 Dec 2014 | 12:03 AM ET

    RIO DE JANEIRO— A federal investigation into a kickback scheme at Brazil's state oil company has, so far, ensnared 30 executives. And in perhaps the most stunning turn of all, the oil and mining tycoon who once was Brazil's richest billionaire is on trial for something that, until recently, was not even seen as a crime: profiting from inside information.

  • SAO PAULO, Dec 18- Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at state-run oil company Petrobras, vowed on Thursday to stamp out graft at the flagship firm and place it under strict corporate governance. In a speech in the capital, Brasilia, Rousseff urged Brazilians not to lose faith in the vital oil producer,...

  • Questions and answers about traveling to Cuba Thursday, 18 Dec 2014 | 2:51 PM ET

    While the U.S. plans to restore diplomatic ties with the Caribbean island nation, globe-trotting tourists won't be able to hop on a plane to Havana anytime soon. Still, travel companies are salivating at the chance to set up shop in Cuba. Delta Air Lines, JetBlue Airways, Hilton Worldwide, Marriott International and the Carnival Corp. all expressed interest this...

  • BRASILIA, Dec 18- A congressional committee investigating a mushrooming corruption scandal at Brazil's state-run oil company Petroleo Brasileiro SA recommended on Thursday that prosecutors bring charges against 52 people for alleged money laundering and racketeering. It now goes before the two houses of Congress for debate and a final vote.

  • Montana ex-billionaire jailed for contempt Thursday, 18 Dec 2014 | 9:49 AM ET

    BUTTE, Mont.— Embattled real estate mogul Tim Blixseth was taken away in handcuffs on Thursday after a federal judge ordered the onetime billionaire jailed until he accounts for millions of dollars he owes his creditors. The incarceration of the 64- year-old Blixseth marks a dramatic turn in his six-year legal struggle against accusations that he illegally...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • Another stunner: Colombian rebels lay down arms Wednesday, 17 Dec 2014 | 4:46 PM ET
    Revolutionary Armed Forces of Colombia (FARC) lead negotiator Ivan Marquez speaks during a press conference in Havana, May 27, 2014.

    During peace talks in Havana, FARC rebels agreed to a cease-fire in Colombia—given that the military does not attack them.

  • Colombian rebels announce unilateral cease-fire Wednesday, 17 Dec 2014 | 3:38 PM ET

    HAVANA— Colombia's largest rebel group announced an indefinite, unilateral cease-fire Wednesday, saying guerrillas will refrain from staging attacks so long as they aren't targeted by the U.S.-backed military. The Revolutionary Armed Forces of Colombia made the announcement in Cuba at the end of another round of peace talks aimed at ending Latin...

  • RIO DE JANEIRO, Dec 17- Petroleo Brasileiro SA's Chief Executive Officer Maria das Graças Foster said on Wednesday that she had offered to resign because of a widening alleged bribery scandal but that Brazil's President Dilma Rousseff had turned her down. "I need to be investigated, we all need to be investigated, that takes time," Foster told journalists at...

  • Analysis: 53 years on, time right for US, Cuba Wednesday, 17 Dec 2014 | 2:21 PM ET

    MEXICO CITY— After 53 years of hostility between the United States and Cuba, the timing to make amends was perfect for both governments. The surprise moves come as President Barack Obama is turning his attention to legacy issues, and Raul Castro is trying to boost his nation's economic fortunes in the face of stalled reforms and falling oil prices that have hit...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • Obama-Castro: Has 'the fever' broken? Wednesday, 17 Dec 2014 | 12:27 PM ET
    Calle Ocho in Little Havana, Miami.

    Obama's move to normalize relations with Havana is raising the promise in South Florida that it will finally open up Cuba's economy.

  • Viva cigars! Easing of Cuba trade would be 'huge' Wednesday, 17 Dec 2014 | 11:38 AM ET
    A woman smokes a cigar during the XVI Havana Cigar Festival in Havana last February.

    The end of the embargo is big news for cigar lovers, but it's not likely that Americans will be firing up right away.

  • BRASILIA, Dec 17- Brazilian President Dilma Rousseff's approval rating has not suffered from a widening corruption scandal involving state-run oil company Petroleo Brasileiro SA and many Brazilians continue to trust her, a poll showed on Wednesday. Prosecutors have indicted nearly 40 people, including two former Petrobras directors and executives of...

  • RIO DE JANEIRO, Dec 17- Senior management at Petroleo Brasileiro SA may have to resign to avoid further delays of the Brazilian state-run oil company's audited third-quarter earnings report, Chief Executive Officer Maria das Graças Foster said on Wednesday. Foster said she had spoken to President Dilma Rousseff about the potential resignations, including...

  • Upgrades at US border crossing thrill commuters Wednesday, 17 Dec 2014 | 1:48 AM ET

    Waits to enter San Diego from Tijuana, Mexico, during the morning rush have dropped to less than 45 minutes from two hours since vehicle lanes were added in September. "I lost so much time that it made me cry," said Tijuana resident Alexandra Acua, driving a friend to the San Diego airport during a recent Monday morning rush. Shorter lines have fueled a 20 percent...

  • WASHINGTON, Dec 16- The Obama administration as soon as Wednesday will announce its plans for curbing methane emissions from the oil and gas sector, which the United States must do to meet its 2020 target for cutting greenhouse gas emissions, people familiar with the issue said Tuesday. The government reaffirmed that goal last week at U.N. climate talks in Lima.

  • Dec 16- California pension plans would divest all assets related to the coal industry under a measure the leader of the state senate said he will propose to reduce support for an industry that critics blame for contributing to climate change. He had just returned from United Nations talks in Lima, Peru on international efforts to fight climate change.

  • Rio prosecutors file new case against Petrobras Tuesday, 16 Dec 2014 | 4:30 PM ET

    RIO DE JANEIRO— Officials from Rio de Janeiro public prosecutors' office said Tuesday that they've filed legal action against Brazil's scandal-mired oil company, Petrobras, as well as top builder Andrade Gutierrez. Authorities there allege top officials from Petrobras operated a kickback scheme on contracts worth upward of $4 billion, with money from the...