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Latin America

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  • BRASILIA, Nov 17- Brazil's President Dilma Rousseff, who canceled a White House trip last year in anger over U.S. spying revelations, now wants to improve ties and reschedule the state visit- but some U.S. officials warn it might not be that easy. A debate in Washington over whether and when to re-extend the invitation to Rousseff reflects persistent diplomatic...

  • BUSINESS-NEWS-SCHEDULE AT 2200 GMT / 5 PM ET Sunday, 16 Nov 2014 | 4:46 PM ET

    WASHINGTON- President Barack Obama defends the transparency of his signature healthcare law after a White House adviser on the reform said the law passed, in part, because of the "stupidity" of American voters. ALLERGAN, ACTAVIS NEAR DEAL, ANNOUNCEMENT AS EARLY AS MONDAY. NEW YORK- Allergan nears a deal to merge with Actavis Plc, with an announcement coming as soon as...

  • President: oil firm probe could change Brazil Sunday, 16 Nov 2014 | 2:04 PM ET

    SAO PAULO— The investigation into kickbacks at Brazil's state oil company could forever change the relationship among society and the country's state and private companies, President Dilma Rousseff said Sunday. Rousseff spoke to mostly Brazilian reporters at a news conference in Brisbane, Australia, where a two-day summit with world leaders was ending.

  • Spirit Airlines seeks to add 10 stops from Houston Friday, 14 Nov 2014 | 6:11 PM ET

    HOUSTON— Spirit Airlines Inc. said Friday it plans to add 10 new routes from Houston next year, which would nearly double its destinations from Bush Intercontinental Airport. Spirit is seeking foreign government approval to begin flights in May to Cancun, Los Cabos and Mexico City; Managua, Nicaragua; San Jose, Costa Rica; San Pedro Sula, Honduras; and San Salvador,...

  • RIO DE JANEIRO/ SAO PAULO, Nov 14- Brazilian police arrested a former Petróleo Brasileiro SA executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results. Former engineering director Renato Duque was the second senior executive arrested at...

  • RIO DE JANEIRO, Nov 14- Brazilian police arrested a former Petrobras executive on Friday and the state-run oil giant's shares sank 5 percent after it was forced by a widening corruption scandal to delay the release of its financial results. Former engineering director Renato Duque was the second senior Petrobras executive arrested in the investigation into...

  • RIO DE JANEIRO, Nov 14- Shares of Brazil's Petrobras plummeted 5 percent on Friday after the state-run oil firm delayed releasing its results amid a police investigation into corruption that has already ensnared a former senior executive. Petrobras shares opened over an hour and a half after the rest of the Bovespa index, with the chief executive of the bourse,...

  • Brazil execs arrested as Petrobras scandal grows Friday, 14 Nov 2014 | 8:24 AM ET

    RIO DE JANEIRO— Federal police on Friday sharply expanded what is becoming Brazil's biggest political kickback scandal, arresting top construction company executives and detaining another former director of the state-run energy company. Petrobras is Brazil's biggest company and is in charge of tapping big offshore oil fields and creating wealth that...

  • UPDATE 1-Mexico finmin sees economic impact from unrest Thursday, 13 Nov 2014 | 5:15 PM ET

    MEXICO CITY, Nov 13- Mexican Finance Minister Luis Videgaray on Thursday said that there would likely be some impact on Latin America's No. 2 economy from protests over the apparent massacre of 43 students abducted by police seven weeks ago. Anger has deepened since the government said last week that evidence suggests the 43 trainee teachers missing since Sept....

  • WASHINGTON/ NEW DELHI, Nov 13- After this week's carbon deal between the United States and China, No. 3 emitter India faces growing pressure to devise a clear strategy and step out of China's shadow during pivotal global climate talks. The U.S.- China deal "frees up India to say what it believes is an equitable stance... now that China is saying what it plans to do," said...

  • MEXICO CITY, Nov 13- Mexico's Energy Minister Pedro Joaquin Coldwell and Saudi Arabian Oil Minister Ali al-Naimi have held talks in which both agreed that all efforts should be made to stabilize international oil markets, Mexico's government said on Thursday. Mexico's energy ministry issued a brief statement summing up the participation of the officials at...

  • Mexico: Violent protests hit Acapulco's tourism Thursday, 13 Nov 2014 | 12:41 AM ET

    MEXICO CITY— Mexico's president has tried to keep the issue of violence issue separate from his focus on the economy, but the two are converging as violent protests over 43 disappeared students squelch tourism in Acapulco just before a major holiday weekend. Acapulco hotel occupancy rates are currently at 20 percent, well short of the 85 percent expected for...

  • SAO PAULO, Nov 12- Brazilian homebuilder MRV Engenharia e Participacoes SA beat profit expectations for the third quarter as strong demand for low-income housing helped offset a rise in cancellations. Belo Horizonte, Brazil- based MRV said on Wednesday that net income rose 3.3 percent to 135 million reais in the quarter from a year earlier, beating estimates of...

  • ACAPULCO, Nov 12- Saudi Arabia, the world's top oil exporter, will double its natural gas output by 2030 but plans to keep all of it at home to fuel domestic growth, the country's oil minister said on Wednesday. "Within the next decade, Saudi Arabia will more than double its gas production," the country's oil minister Ali al-Naimi told a gathering of energy ministers and...

  • Mexico: Violent protests hit Acapulco's tourism Wednesday, 12 Nov 2014 | 2:10 PM ET

    MEXICO CITY— Mexico's president has tried to keep the issue of violence issue separate from his focus on the economy, but the two are converging as violent protests over 43 disappeared students squelch tourism in Acapulco just before a major holiday weekend. Acapulco hotel occupancy rates are currently at 20 percent, well short of the 85 percent expected for...

  • Central America plan to stem child migration Wednesday, 12 Nov 2014 | 1:57 PM ET

    SAN SALVADOR, El Salvador— The presidents of Guatemala, Honduras and El Salvador will present the United States with a proposed plan to stem child migration from their countries. Tens of thousands of child and teenage migrants showed up at the U.S. border earlier this year, most fleeing violence or poverty in their home countries or seeking to reunite with...

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia Oil Minister Ali al-Naimi broke months of silence on Wednesday to reaffirm the kingdom's longstanding policy of seeking stable global markets, dismissing talk of a "price war" but offering no insight on his response to tumbling crude prices. "Talk of a price war is a sign of misunderstanding, deliberate or otherwise, and has no...

  • TOKYO/ DETROIT, Nov 12- Takata Corp has modified the composition of an air bag propellant that contains a volatile chemical at the center of a recall of millions of cars worldwide, the company told Reuters. A Takata official, who did not want to be named but spoke on behalf of the company, did not specify how the recipe has changed, but said ammonium nitrate remained a...

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia Oil Minister Ali al-Naimi broke months of silence to reaffirm the kingdom's longstanding policy of seeking stable global markets on Wednesday, dismissing talk of a "price war" but offering no insight on his response to tumbling crude prices. He made no mention of position ahead of a pivotal meeting of the Organization of the...

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia wants stable oil markets and prices and talk of an oil price war is a sign of misunderstanding and has no basis in reality, Saudi Oil Minister Ali al-Naimi said during a visit to Mexico on Wednesday. Naimi said that Saudi oil policy has been stable for decades and is not changing today, and that Saudi Arabia was doing its best with...