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Latin America

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  • Mexico announces underwater gas pipeline to Texas Monday, 22 Jun 2015 | 5:43 PM ET

    MEXICO CITY— The Mexican government has announced plans for nearly $10 billion worth of electricity and natural gas infrastructure projects, including a gas pipeline under the Gulf of Mexico from Texas to the port of Veracruz. The Federal Electricity Commission said Monday that the costliest project would be the 500- mile underwater pipeline for carrying...

  • MEXICO CITY, June 22- Mexico's state-run oil company, Pemex, confirmed on Monday there was an accident on an oil platform at one of its major operations in the southern Gulf of Mexico, but added any impact on output remained unclear. The explosion is the third high seas incident at Pemex this year after an accident on an offshore maintenance rig- also in the southern...

  • DETROIT, June 22- Air bag maker Takata Corp may have put profits before safety, Democrats on a U.S. Senate committee said in a report released on Monday. The report by the minority on the committee on commerce, science and transportation was released the day before a Washington hearing on Takata's defective inflators, which are linked to more than 100 injuries and...

  • CARACAS, June 22- Venezuela's parliamentary election will be held on Dec. 6, authorities announced on Monday, ending lengthy speculation over the date for a vote that surveys showed was likely to punish the ruling socialists. President Nicolas Maduro's ruling Socialist Party currently enjoys a majority in the 167- seat National Assembly, but an economic...

  • Last week alone, governors of 10 states were jetting across Europe, many converging at an air show in Paris. Others traveled to Canada, South America and Asia. Since the start of 2014, governors have taken or scheduled more than 80 trips to 30 countries in their efforts to increase exports and entice foreign companies to expand in their states, according to a...

  • SANTIAGO, June 21- Chilean authorities declared an environmental emergency for the Santiago metropolitan region for Monday, forcing more than 900 industries to temporarily shut down and about 40 percent of the capital's 1.7 million cars off the roads. "We're currently facing unusual conditions, with one of the driest Junes in over 40 years as well as really bad...

  • BUENOS AIRES, June 21- Argentina's Cristina Fernandez will step down as president in December, but her influence may remain strong enough to impede investment-friendly reforms in Congress if her ruling party wins legislative elections in October. Ending speculation she might run for Congress herself, the outgoing two-term president is letting her economy...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • RIO DE JANEIRO, June 19- Oil spilled from a pipeline linking a main Atlantic Ocean terminal with a refinery near Rio de Janeiro on Friday, Brazil's state-run oil company Petroleo Brasileiro SA said. The narrow coastal region where the spill occurred is in Rio de Janeiro's Costa Verde or " Green Coast"- one of Brazil's most beloved tourist regions and home to one of the...

  • BUENOS AIRES, June 19- Argentina's presidential contender Mauricio Macri on Friday picked a business-friendly senator with middle class appeal as his running mate, reinforcing his center-right challenge to the ruling party's ticket. Senator Gabriela Michetti will join Macri in his campaign against front-runner Daniel Scioli, governor of Buenos Aires...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • BUENOS AIRES, June 19- Argentine Senator Gabriela Michetti will be the running mate of presidential candidate Mauricio Macri, he said on Friday, defining the battle lines ahead of an October election that will pit the business-friendly duo against the current ruling party. Macri, mayor of Buenos Aires, is second in the polls against front-runner Daniel Scioli,...

  • NEW YORK— Shares of Fogo de Chao Inc. surged in their first day of trading after the Brazilian steakhouse chain priced its IPO above the expected range. Jefferies LLC and J.P. Morgan Securities LLC are acting as joint book-running managers in the offering. Dallas- based Fogo de Chao operates 26 restaurants in the U.S., 10 in Brazil and one joint venture restaurant in...

  • BUENOS AIRES, June 19- Argentine Senator Gabriela Michetti will be the running mate of presidential candidate Mauricio Macri, he said on Friday, defining the battle lines ahead of an October election that will pit the business-friendly duo against the current ruling party. Macri, mayor of Buenos Aires, is second in the polls against front-runner Daniel Scioli,...

  • Federal Police inspector Igor Romario de Paulo said at a news conference that Marcelo Odebrecht and Otavio Marques de Azevedo were taken into custody and face charges of cartel formation, money laundering and diversion of public funds. They are the chief executives of Odebrecht and Andrade Gutierrez respectively. "We have money-laundering professionals...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, local media said, pulling the most high-profile executive into the corruption investigation at state-run oil firm Petrobras. Odebrecht, which has 200,000 workers and a presence in 21 countries,...

  • *Pope voicing concerns from Latin America. The sharp critique of the market-based approach to curbing emissions comes as support for carbon trading is growing, embraced by institutions like the World Bank and United Nations, as well as the heads of many multinational companies and countries like China.. Emissions trading schemes, such as one in place in the...

  • MEXICO CITY, June 17- Ride-hailing service Uber Technologies Inc is open to being regulated in Mexico City, a company spokesperson said on Wednesday, as the rapidly growing start-up seeks to cement its expansion in one of the largest cities in the Americas. Uber entered Mexico City in 2013, and says it has grown to around 300,000 users. On Wednesday, Ana Paula...

  • MEXICO CITY, June 17- Mexico's Supreme Court on Wednesday ruled in favor of airport operator Grupo Aeroportuario del Pacifico in a four-year dispute with mining and railroad company Grupo Mexico. A source with knowledge of Grupo Mexico's thinking said the decision in favor of GAP was a surprise for the Grupo Mexico and that it would now have no other option but...

  • SAO PAULO— The co-founder of Brazil's second-largest airline has been absolved of charges that he ordered the attempted killing of his former son-in-law. A court in the capital city of Brasilia says on its website that a seven-person jury acquitted Constantino de Oliveira late Tuesday night. Alves was attacked while driving in Brasilia.