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  • SANTIAGO DE CUBA, Cuba— Two and a half years after Hurricane Sandy trashed Cuba's second-largest city, 35- year-old Melba Martinez is still out of work and struggling to feed two children on her state ration book and a daily hustle for extra rice or cooking oil. "How are you going to buy a pair of shoes that cost $20? Down the hill in the pastel-tinted colonial center of...

  • LANUS, Argentina, April 14- Daniel Scioli, the front-running candidate for the ruling party ticket in Argentina's presidential election, has a new buzz word: "gradualismo," or "gradual change." Scioli, a 58- year-old former power boat champion who lost his right arm in a crash in 1989, is governor of Argentina's most populous province, Buenos Aires.

  • LONDON, April 14- It's that time of year when the copper industry gathers for CESCO Week in Chile to chew the collective fat on what the future holds. In Chile this week the focus will be firmly on supply, inevitably given the structural problems facing operators in what is still the world's largest copper producing nation. But in truth the present confusion is all...

  • SAO PAULO, April 13- Petrobras hopes to release third-quarter and full-year 2014 financial results after a board meeting on April 22, after more than five months of delays in the wake of a corruption scandal that has spread to the highest levels of government. The excess funds might have been funneled to political parties, including President Dilma Rousseff's...

  • Alamos Gold, AuRico Gold merging in $1.5B deal Monday, 13 Apr 2015 | 8:21 AM ET
    A mine worker displays a large ingot of gold during the refining process at the Loulo-Gounkoto gold mine complex operated by Randgold Resources Ltd. in Loulo, Mali, Nov. 1, 2013.

    Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.

  • NEW YORK— Canadian gold mining companies Alamos Gold and AuRico Gold Inc. are merging in a deal valued at approximately $1.5 billion. The combined business will have assets including AuRico's Young- Davidson mine in Canada and Alamos' Mulatos mine in Sonora, Mexico. John McCluskey, president and CEO of Alamos Gold, will serve as CEO of the combined business.

  • TOKYO/ NEW DELHI, April 13- China could have outsized influence over a new Beijing- backed international development bank under a proposed shareholding structure likely to be discussed at a meeting of member nations in Washington this week, sources say. China has proposed that Asian nations own three-quarters of the Asian Infrastructure Investment Bank, a...

  • ITU, Brazil, April 13- The Brazilian iPhone was meant to mark a new era. Foxconn has created only a small fraction of the 100,000 jobs that the government projected, and most of the work is in low-skill assembly. That Brazil has so little to show for the Foxconn investment underscores the shortcomings of its industrial policy, defined by costly tax incentives that...

  • CAIMANES, Chile, April 12- Alvaro Badillo remembers a time when his dad would take him fishing in the stream just a stone's throw away from the dusty streets of their small hometown of Caimanes in central Chile. It is the tailings dam for Los Pelambres, Chilean miner Antofagasta Plc's flagship copper mine, which holds enough leftover processed rock to fill some...

  • Codelco, the Chilean state miner that produces about 8 percent of the world's copper, will review the cost reduction plan at its Salvador mine as it prepares to restart operations there after torrential rains shuttered the complex in March, said a source close to the state-run miner. Salvador produced copper at a cost of some $11,439 per tonne in the fourth...

  • ALPINE, Texas— West Texas ranchers and landowners are up in arms over plans to build a natural gas pipeline through pristine lands of the state's Big Bend region. The pipeline would deliver up to 1.4 billion cubic feet a day of natural gas from the Permian Basin for Mexican Federal Electricity Commission's power generation and industrial use, according to a...

  • MEXICO CITY— Mexico's Federal Telecommunications Institute has announced that one of two companies to which it awarded a new television channel last month has not followed through with a required payment. Radio Centro originally bid $208.4 million. The awarding of the two new licenses was supposed to be a step toward breaking up the long-running dominance...

  • SAO PAULO, April 10- The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday that Bradesco Asset Management SA had nominated Eduardo Bunker Gentil and Otavio Yazbek as candidates for the board.

  • SAO PAULO, April 10- Russian state company Rostec could use equipment from Brazilian defense contractor Mectron in the YAK-130 jet trainer, a senior executive told Reuters, as Russia turns to Latin America to offset sanctions imposed by the West over the crisis in Ukraine. The statement by Sergei Goreslavsky, deputy head of Rostec unit Rosoboronexport, is the...

  • Zuckerberg asks leaders: What can we do to connect the world?

    FB founder & CEO Mark Zuckerberg asks a panel that includes President Barack Obama, what governments can do about providing Internet service to people in less developed parts of the world.

  • BUENOS AIRES, Argentina— Argentina's government is extending its price control program aimed at curbing high inflation. Economy Minister Axel Kicillof said Friday that the program will continue for three more months, until July 7. The controls affect 476 supermarket items.

  • CARACAS, April 10- Venezuela's flavorful cocoa, coveted centuries ago by pirates and now a darling of specialty producers, will not be enriching foreign chocolate bars any time soon. "They're ruining the reputation of Venezuela as a cocoa exporter," said group President Alejandro Prosperi. Still, the holdup highlights the risks for businesses in highly...

  • GOIANIA, Brazil, April 10- Brazilian Finance Minister Joaquim Levy on Friday failed to convince all of the country's states to unify an inter-state tax that he said is crucial to reduce legal uncertainties and bolster investment. Speaking after a meeting with the heads of finance of Brazil's 27 states in the central city of Goiania, Levy said all but four states...

  • CULIACAN, Mexico— The head of the mining company robbed of $8.5 million in gold in Mexico made the rare revelation in a television interview that his company has a "good relationship" with area drug traffickers. Rob McEwen, president and chairman of Canada- based McEwen Mining Inc., said in an interview Thursday with Canada's Business News Network that company...

  • Brazil police arrest politicians in corruption case Friday, 10 Apr 2015 | 12:39 PM ET

    SAO PAULO— Brazil's federal police Friday arrested three former congressmen suspected of involvement in a corruption scheme at Brazil's state-run oil giant Petrobras. Luiz Argolo belongs to the Solidarity Party and Pedro Correa is a member of the Progressive Party. The investigation of the bribery scheme has resulted in the arrest of more than 30...