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  • DIARY- Emerging Markets Economic Events to May 5 Wednesday, 22 Apr 2015 | 8:02 PM ET

    CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting. MOSCOW- Central Bank of Russia announces interest rate decision- 1000 GMT.

  • Brazil's Petrobras: Graft scheme cost $2.1B in losses Wednesday, 22 Apr 2015 | 7:20 PM ET

    RIO DE JANEIRO— Brazil's state-run oil company Petrobras said Wednesday that it lost $2.1 billion in an eight-year kickback scheme that saw the firm's executives taking bribes for awarding inflated contracts to suppliers. The company was cut to junk status by Moody's Investors Service in late February in large part because of the scandal.

  • DETROIT, April 22- General Motors Co's return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models. However, beneath the encouraging numbers for the Colorado and Canyon are some less positive trends, said IHS...

  • District Judge Thomas Griesa in Manhattan said the funds can seek documents from Argentina and banks including Deutsche Bank AG related to Tuesday's $1.4 billion bond sale to determine if any assets exist in the United States that could satisfy billions of dollars in unpaid judgments. The ruling applies to Argentina and banks subscribed to the offering,...

  • BOGOTA, April 22- Colombia aims to double its non-traditional exports within four years to diversify its goods and services as revenue is battered by a plunge in the price of crude, the trade minister said. While Colombia is not a major oil producer, crude remains its largest export, generating about 20 percent of government revenue. The economy is still growing...

  • Judge Thomas Griesa came in response to a request by holdout investor NML Ltd, an affiliate of hedge fund Elliott Management, that Deutsche Bank turn over details of the U.S. dollar-denominated debt offering held this week.

  • *Canada's Potash Corp yet to make decision on nominees. By Rosalba O'Brien and Felipe Iturrieta. SANTIAGO, April 22- The future of Chile's SQM, the world's biggest producer of key battery ingredient lithium, hangs in the balance this week as the chairman faces demands to resign and a new board is elected.

  • Why tonight's audit of an oil giant really matters Wednesday, 22 Apr 2015 | 1:03 PM ET
    Petrobras gas station in Brazil

    Brazil's state-run oil giant, Petrobras, is engulfed in arguably the largest financial scandal in the country's history.

  • Controladora Vuela beats 1Q profit forecasts Wednesday, 22 Apr 2015 | 8:39 AM ET

    SANTA FE, Mexico _ Controladora Vuela Compania de Aviacion SAB. de CV on Wednesday reported first-quarter net income of $20 million, after reporting a loss in the same period a year earlier. The Santa Fe, Mexico- based company said it had net income of 20 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7...

  • Princeton bans tobacco sales to customers under 21 Wednesday, 22 Apr 2015 | 7:04 AM ET

    PRINCETON, N.J.— Princeton became the seventh New Jersey town to ban tobacco sales to customers under 21 after the town's health board unanimously adopted the ordinance on Tuesday. Princeton joined Bogota, Englewood, Garfield, Highland Park, Sayreville and Teaneck as towns that require customers to be older than the state minimum age of 19 to purchase tobacco...

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.

  • US cancer center, software firm make deals in Cuba Tuesday, 21 Apr 2015 | 6:58 PM ET
    New York Governor Andrew Cuomo sits inside a vintage US car in Havanna on April 20, 2015.

    A cancer research center and a software company reached agreements with Cuban partners during a two-day trade mission to Cuba.

  • BUENOS AIRES, April 21- Cash-strapped Argentina sold $1.4159 billion worth of local law Bonar24 bonds in a top-up on Tuesday, receiving bids for more than three times the amount on offer, the Economy Ministry said. The results also show that, facing low foreign reserves, Argentina can issue paper to finance itself, albeit at high yields. Argentina has sought to...

  • WICHITA, Kan.— A former bank president and two of his customers allegedly conspired to launder drug money in Kansas for Mexican cartels, while two former employees of the small southwest Kansas bank failed to report the suspicious financial transactions, according to charges unsealed Tuesday. The 37- count indictment is part of a larger national...

  • DETROIT— Mexico has become the most attractive place in North America to build new automobile factories, a shift that has siphoned jobs from the U.S. and Canada, yet helped keep car and truck prices in check for consumers. In the past two years, eight automakers have opened or announced new plants or expansions in Mexico. A worker in Mexico costs car companies an...

  • The IPO filing follows the successful listing of hamburger chain Shake Shack Inc in January and Habit Restaurants Inc in November. Fogo de Chao, back by private equity firm Thomas H. Lee Partners LP, has 26 restaurants in the United States and nine in Brazil, according to a regulatory filing on Monday. Fogo de Chao started as a restaurant in Porto Alegre, Brazil, in...

  • HELENA, Mont.— Attorneys for the founder of a luxury Montana club planned Tuesday to file an emergency request with a federal appeals court seeking to free him after he was jailed for failing to disclose what happened to $13.8 million from the sale of a Mexican resort. The case emerged from the 2008 bankruptcy of the Yellowstone Club, a private ski and golf resort...

  • The IPO filing follows the successful listing of hamburger chain Shake Shack Inc in January and Habit Restaurants Inc in November. Fogo de Chao, back by private equity firm Thomas H. Lee Partners LP, has 26 restaurants in the United States and nine in Brazil, according to a regulatory filing on Monday. Fogo de Chao started as a restaurant in Porto Alegre, Brazil, in...

  • HELENA, Mont.— A federal judge ordered the founder of a luxury Montana mountain resort back to jail Monday, saying he failed to disclose what happened to $13.8 million from the sale of a resort in Mexico. The case stems from the bankruptcy of the Yellowstone Club near Big Sky, a private ski and golf resort, which boasts a $300,000 entry fee. Authorities say Blixseth...

  • Mexico is desperate to get the relationship back on track after its shock scrapping of a multi-billion-dollar high-speed train contract originally awarded to a Chinese-led consortium earlier this year, a move that angered Beijing. Seeking to wean itself off dependence on the United States and compensate for an oil slump that hammered public finances,...