GO
Loading...

Latin America

More

  • Creating inflation is easy. Just look at Venezuela Monday, 13 Oct 2014 | 1:16 PM ET
    Shoppers in Caracas, Venezuela

    Prices are falling everywhere, but one South American economy has still managed to create inflation that runs at an eye-popping 65 percent.

  • SAO PAULO, Oct 13- Under pressure in Brazil's closest election race in decades, President Dilma Rousseff is centering her campaign around a familiar bogeyman- an 83- year-old former president associated with a more turbulent, elitist era. In numerous TV ads and speeches, Rousseff has warned that a vote for her opponent in the Oct. 26 runoff vote, centrist Senator...

  • MADRID, Oct 13- Spain's Gas Natural said on Monday it was leaving its 2015 payout plans unchanged after announcing a $3.3 billion takeover offer for Chile's biggest electricity distributor Compania General de Electricidad. Analysts at Barclays said in a note that the acquisition seemed expensive and posed questions on Gas Natural's dividend policy.

  • UPDATE 5-Bolivia's Morales claims re-election victory Monday, 13 Oct 2014 | 12:02 AM ET

    *He dedicates win to Cuba's Fidel Castro. LA PAZ, Oct 12- Bolivian President Evo Morales declared a landslide re-election victory on Sunday, hailing it as a triumph for socialist reforms that have cut poverty and vastly expanded the state's role in the booming economy. A prominent member of the bloc of socialist and anti-U.S. leaders in Latin America, Morales...

  • *Gas Natural to launch 4,700 peso per share bid for CGE. MADRID/ SANTIAGO, Oct 12- Spain's Gas Natural on Sunday said it would launch a $3.3 billion takeover offer for Chile's biggest electricity distributor Compania General de Electricidad, in a bid to boost its presence in growing Latin American markets. As part of the deal with those investors, Gas Natural will...

  • SAO PAULO, Oct 12- Business-friendly opposition candidate Aecio Neves received a crucial boost in Brazil's presidential election race on Sunday with the endorsement of popular environmentalist Marina Silva two weeks before his runoff against incumbent Dilma Rousseff. He needs the support of most of Silva's supporters if he is to defeat the leftist...

  • Secretary of State John Kerry told him on Oct. 8 that the world's second biggest greenhouse gas emitter behind China may announce a major injection of money into the Green Climate Fund created by the United Nations. "He says that the U.S. is considering seriously to make a significant announcement even before the Lima conference, probably next month," Gutierrez...

  • WASHINGTON, Oct 10- The United States may make a major contribution to a fund in November that would help poor countries prepare for and combat climate change, said the foreign minister of Peru, the country hosting a crucial round of climate negotiations in December. Secretary of State John Kerry told him on Oct. 8 that the world's second biggest greenhouse gas...

  • NEW YORK/ JAYAQUE, El Salvador, Oct 10- Deer now roam and weeds flourish on deserted farmland in El Salvador where Julio Portillo used to grow arabica coffee beans until a devastating leaf rust fungus forced him to abandon coffee this year for the first time in more than two decades. Even when he struggled through low prices or bad weather in the past, the farmer who...

  • WASHINGTON, Oct 9- A fall in mineral prices will prevent Peru's economy from growing much more than 3 percent this year, Peruvian Finance Minister Alonso Segura said on Thursday. A slowdown in China's economy is weighing on demand for Peru's exports of copper and other metals. "I think it might be closer to 3 at this point," he said in an interview with Reuters on the...

  • CARACAS, Oct 9- Venezuela said on Thursday compensation ordered by a World Bank arbitration tribunal in the Exxon Mobil Corp case was within a "reasonable range" once a previous award is deducted from the roughly $1.6 billion new determination.

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • BRASILIA, Oct 9- Environmentalist Marina Silva said on Thursday she will wait for political pledges from pro-business opposition candidate Aecio Neves before backing him in the Oct. 26 runoff to Brazil's presidential election. An endorsement from Silva, who finished third in the election's first round on Sunday with 22 million votes, would increase Neves'...

  • Venezuela ordered to pay $1.6 billion to Exxon Thursday, 9 Oct 2014 | 3:41 PM ET

    It is the largest award yet in a backlog of costly complaints against Venezuela over a wave of nationalizations in the past decade. Exxon said in a statement that the decision by the World Bank's investment dispute panel confirmed that Venezuela failed to provide fair compensation for the Cerro Negro project it seized in 2007 after the company failed to enter...

  • Argentina rejects Grupo Clarin restructuring plan Wednesday, 8 Oct 2014 | 11:33 PM ET

    BUENOS AIRES, Argentina— Argentina's broadcast media regulator on Wednesday rejected a reorganization proposal made by Grupo Clarin to comply with new media ownership laws and the agency said it will seek to break up the conglomerate with its own plan. Martin Sabbatella, head of the Federal Audiovisual Communications Authority, on Wednesday accused Clarin...

  • CARTAGENA, Oct 8- Colombia's benchmark interest rate is approaching a neutral level and there is little reason to alter it, central bank board member Carlos Gustavo Cano said on Wednesday, adding there is room to cut the rate again if necessary. I don't see reasons for that, "Cano told reporters at a business conference in Cartagena. The bank began a tightening cycle...

  • BUENOS AIRES, Oct 8- Argentina's state-run energy company YPF said on Wednesday it had not struck a confidential natural gas production deal with Russia's Gazprom despite a statement earlier in the day from the industry ministry saying that it had. The ministry had said Cabinet Minister Debora Giorgi received assurances from Gazprom head Alexey Miller in a...

  • Oct 8- Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus. Ebola has killed more than 3,400 people in Guinea, Sierra Leone and Liberia, and its spread has become a global concern-- with worries for trade, which could affect the...

  • RIO DE JANEIRO, Oct 8- A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbes Magazine, Batista says his debts now exceed his assets by $1 billion and the value of his remaining stakes in the oil,...

  • NEW YORK, Oct 8- Where is retirement going to take you? They nixed Australia from their list, but over the years have done about 10 group tours, including two weeks in Alaska this year. Consider this: Viking River Cruises, one of the largest riverboat cruise operators, will carry more than 250,000 passengers in 2014 with a median age of 55, and 75 percent of them will do...