Latin America


  • Problems seen with new Argentine debt payment law Friday, 12 Sep 2014 | 7:38 PM ET

    BUENOS AIRES, Argentina— A law designed to restructure Argentina's debt and sidestep a U.S. court ruling that pushed the government into default could be difficult to apply and worsen the country's frail economy, analysts say.

  • Mexico lifts limit on businesses' dollar deposits Friday, 12 Sep 2014 | 7:14 PM ET

    MEXICO CITY— The Mexican government will no longer limit the monthly cash deposits of U.S. dollars that border businesses can make if the companies allow authorities to monitor their financial transactions and meet other requirements, the president announced Friday.

  • MEXICO CITY, Sept 12- Mexican President Enrique Peña Nieto said on Friday limits on companies making dollar deposits in cash would be scrapped in a bid to spur trade in the border region near the United States.

  • Since entering the race in mid-August, Silva has picked a pro-agriculture congressman as her running mate, met repeatedly with agribusiness leaders and campaigned in the farm belt, eager to make allies in an industry that accounts for a quarter of Brazil's economy. The fuel price controls have gutted Brazil's once-booming sugar cane ethanol industry.

  • Southwest seeks to add flights to Costa Rica Friday, 12 Sep 2014 | 10:58 AM ET

    DALLAS— Southwest said Friday that it has asked the U.S. government for permission to fly between Baltimore and San Jose, Costa Rica, as the fourth-biggest U.S. carrier continues to expand its international ambitions.

  • Mexico police chief sought in reporter attack Friday, 12 Sep 2014 | 7:11 AM ET

    They say Nicasio Aguirre, the police chief in the city of Silao, ordered the attack and he is considered a fugitive. Silva covers the industrial city of Silao for the daily newspaper based in the neighboring city of Leon.

  • ArtRio international art fair opens in Brazil Friday, 12 Sep 2014 | 7:07 AM ET

    RIO DE JANEIRO— ArtRio, the fair that has put Rio de Janeiro on the art world's map, has opened its latest show with exhibits from 99 top galleries from Brazil and beyond.

  • *Fresnillo says it may hedge some gold output. BANGALORE/ LONDON Sept 12- Silver miner Fresnillo Plc has agreed buy Newmont Mining Corp's 44 percent stake in Penmont, their Mexican gold mining joint venture for $450 million in cash.

  • Venezuela extending nighttime border closure Thursday, 11 Sep 2014 | 9:31 PM ET

    CARACAS, Venezuela— Venezuela's president says the nighttime closure of the border with Colombia will continue for three more months as part of the government's campaign to combat smuggling of oil and food.

  • MEXICO CITY, Sept 11- Mexico's government will present a bill to stop using the minimum wage to calculate fines, levies and contributions Finance Minister Luis Videgaray said on Thursday, paving the way for a possible increase in base pay levels.

  • Company to set $151M trust to pay for spill damage Thursday, 11 Sep 2014 | 5:28 PM ET

    MEXICO CITY— A mining conglomerate will set up a roughly $151 million trust to pay for damage caused when one of its mines spilled acid-laced copper sulfate and heavy metals into two rivers in northern Mexico, authorities said Thursday.

  • But she needs to route the funds through channels beyond the reach of the U.S. judge who ruled that Argentina must settle a legal fight with a group of New York hedge funds over unpaid debt from a massive 2002 default before servicing its performing debt.

  • Venezuela's oldest newspaper avoids shutdown Thursday, 11 Sep 2014 | 2:55 PM ET

    CARACAS, Venezuela— Venezuela's oldest newspaper says it has staved off closure by reaching a deal with a state company guaranteeing it newsprint for at least two more weeks. El Impulso announced Wednesday that it would stop circulation as of Monday because of falling advertising, mounting inflation and a lack of basic materials.

  • BUENOS AIRES, Sept 11- Argentina's Congress on Thursday overwhelmingly passed a debt bill aimed at defying a U.S. court ruling which tipped the country into default for the second time in 12 years. It also encourages investors to move their Argentine debt from the United States or other foreign jurisdictions to either Argentina or France via an exchange of debt.

  • BUENOS AIRES, Sept 11- Argentina's government is ramping up state intervention in the economy to try to prevent a new debt default from triggering a balance of payments crisis but its policies are also battering business confidence and may deepen a recession.

  • As Venezuela economy worsens, fears of default Thursday, 11 Sep 2014 | 12:00 PM ET

    CARACAS, Venezuela— President Nicolas Maduro is reassuring foreign creditors that Venezuela's government will make good on a $4.5 billion foreign debt payment due next month.

  • Some companies profit as Brazil struggles to secure power Thursday, 11 Sep 2014 | 11:56 AM ET

    SAO PAULO, Sept 11- A small group of energy companies in Brazil are increasing revenues at a time when the country is grappling with its worst power crisis in more than a decade, taking advantage of sky-high prices to sell electricity in the spot market.

  • Argentina enacts law restructuring government debt Thursday, 11 Sep 2014 | 9:57 AM ET

    BUENOS AIRES, Argentina— Argentina's Congress approved legislation Thursday to restructure the country's debt and sidestep a U.S. court ruling that recently pushed the government into its second default in 13 years. "Argentina wants to pay, can pay and is going to pay all its debts to all bondholders," Fernandez said.

  • Mexico pollution, water disputes turn political Thursday, 11 Sep 2014 | 7:07 AM ET

    MEXICO CITY— Water pollution disasters in Mexico have turned into political battles as officials struggled Wednesday to blame each other for the problems. A town in western Jalisco state is fighting state officials over what caused the death of more than 200 tons of fish at a local lake.

  • Scientists say the ozone layer is recovering Thursday, 11 Sep 2014 | 6:53 AM ET

    WASHINGTON— Earth's protective ozone layer is beginning to recover, largely because of the phase-out since the 1980 s of certain chemicals used in refrigerants and aerosol cans, a U.N. scientific panel reported Wednesday in a rare piece of good news about the health of the planet.