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  • Controladora Vuela misses 4Q profit forecasts Thursday, 26 Feb 2015 | 6:42 AM ET

    SANTA FE, Mexico _ Controladora Vuela Compania de Aviacion SAB. de CV on Thursday reported fourth-quarter net income of $48 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Santa Fe, Mexico- based company said it had net income of 47 cents. The average estimate of analysts surveyed by Zacks Investment Research was for...

  • MEXICO CITY— The full-page ad in Mexico's national newspapers was unusual, if not unprecedented: 20 powerful business groups and think tanks publicly scolding the government for not doing its job. The public criticism by Mexico's business community underlines the eroding support for President Enrique Pena Nieto's administration as he enters the third...

  • It is still unclear whether the late night offer will satisfy the strikers, whose actions have disrupted food and fuel supplies in 10 of Brazil's 26 states. Highway operator Rota do Oeste in Brazil's top soybean state of Mato Grosso, where the strike started, said truckers are expected to maintain road blockages through the night. The truckers' strike has added to...

  • Feb 25- Soybean export premiums at the U.S. Gulf Coast were flat to weaker on Wednesday, easing in tandem with a lower CIF barge basis and pressured by seasonally slowing demand for U.S. supplies, traders said. *Soybeans were loading on at Brazil's large Santos and Paranagua ports on Wednesday after truckers had blocked access earlier this week, but access to Parana...

  • NEW YORK, Feb 25- Citigroup Inc said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. Treasury, and the California Department of Business Oversight have asked the company for information on its compliance with the Bank Secrecy Act and anti-money laundering rules, Citigroup...

  • Agriculture Minister Katia Abreu said after a meeting with truckers in Brasilia on Wednesday afternoon that she was confident both sides would reach agreement. Truckers and transport companies failed to reach an agreement over freight rates by the end of the government-led talks Wednesday evening, said Blairo Maggi, a prominent senator from the leading...

  • BUENOS AIRES/ NEW YORK, Feb 25- Argentina, a pariah of the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and on Wednesday begun marketing a new bond issue to non-U.S. investors. The government has begun marketing a new issue of Bonar 2024 notes as it seeks to raise cash ahead of upcoming maturities and avoid...

  • MercadoLibre misses 4Q profit forecasts Wednesday, 25 Feb 2015 | 4:33 PM ET

    BUENOS AIRES, Argentina _ MercadoLibre SA on Wednesday reported fourth-quarter profit of $34.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. MercadoLibre shares have increased 5 percent since the beginning of the year.

  • Petrobras scandal about to hit Brazil's political class Wednesday, 25 Feb 2015 | 3:51 PM ET

    BRASILIA, Feb 25- Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that could involve members of Congress and President Dilma Rousseff's government. Under Brazilian law, lawmakers and cabinet members can only be tried by the Supreme Court.

  • The two biggest economies in Latin America began closed talks last week over the accord signed in 2012, which limits vehicle exports from Mexico to Brazil. The wrangle underlines a widening gap between Mexico, which is aiming to open up its market amidst a car production boom, and Brazil, which is attempting to protect its struggling auto sector.

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the biggest...

  • SAO PAULO, Feb 25- Truckers staged nearly 100 road blocks across Brazil's farm belt on Wednesday as protests stretched into their eighth day, though access to the country's biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and...

  • BUENOS AIRES, Feb 25- Argentina, shunned by the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and is considering issuing a long-term dollar-denominated bond. Any new bond would be issued under local Argentina law, officials said. Investors piled into a new $500 million bond from the city of Buenos Aires...

  • Rota do Oeste, the company that runs the main highway in Brazil's leading soybean state of Mato Grosso where the trucker protest started on Feb. 18, said trucks continue parked along the shoulders in several cities of the state on Wednesday. Brazil's attorney general said on Monday it would begin issuing fines of 100,000 reais to truckers or logistics companies...

  • SYDNEY, Feb 25- Australia and the United States, two of the world's biggest wheat exporters, are racing to become mass producers of the South American "super food" quinoa and tap a gluten-free market expected to be worth more than $6 billion by 2018.. "We have been growing quinoa for about five years now, and as the market has grown, there is little shortage of other...

  • Protest by Brazilian truckers grows, creating shortages Wednesday, 25 Feb 2015 | 8:54 AM ET

    SAO PAULO— Weeklong protests by Brazilian truckers demanding lower fuel and toll prices have spread, causing shortages of gasoline and other products. The Transportation Ministry's press office said Wednesday that truck drivers are blocking roads in 10 states and television stations broadcast images showing long lines of cars at gas stations that were...

  • Who's behind the 'Nicaragua Grand Canal'—and why? Wednesday, 25 Feb 2015 | 8:29 AM ET
    Thousands of demonstrators march against the 173-mile Interoceanic Grand Canal that they say will negatively impact the environment, communities and Nicaraguan sovereignty, in Managua, Nicaragua, December 10, 2014.

    A lot of people are questioning why, exactly, the proposed "Nicaragua Grand Canal" would need to exist in the first place.

  • Williams and O'Reilly cases diverge Wednesday, 25 Feb 2015 | 7:10 AM ET

    That's what Brian Williams and Bill O'Reilly have in common as each man is besieged with questions about his credibility. NBC News suspended Williams for incorrectly saying he rode in a helicopter hit by an enemy grenade while reporting in Iraq in 2003. O'Reilly, Fox News Channel's prime-time star, is accused of claiming he had reported in a combat zone for CBS...

  • Oil boom's end threatens pain for much of Latin America Wednesday, 25 Feb 2015 | 12:07 AM ET

    PUERTO GAITAN, Colombia— Soaring oil prices the past decade transformed this rural backwater into Colombia's richest city as nearby fields pumped black gold, drawing new businesses, international pop stars and vanity art projects such as the biblical-themed arch that towers over these sweltering grasslands. "Things are going badly but we haven't touched...