Latin America


  • NEW YORK, Sept 29- Argentina is in contempt of court, a U.S. judge ruled on Monday, the latest step in a years-old case brought by the U.S. hedge funds over defaulted debt.

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 3:30 p.m. ET Monday, 29 Sep 2014 | 3:30 PM ET

    FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.

  • NEW YORK/ BUENOS AIRES, Sept 29- Argentina said on Monday that any sanctions for contempt of court, levelled against it for refusing to pay U.S. hedge funds suing over defaulted debt, would be illegal under international law.

  • Bubble bubble, toil and global troubles hit stocks Monday, 29 Sep 2014 | 9:57 AM ET
    Riot police use pepper spray as they clash with protesters, as tens of thousands of protesters block the main street to the financial Central district outside the government headquarters in Hong Kong September 28, 2014.

    Brazil, Hong Kong, Spain —take your pick. International uncertainty abounds, and it's spilling over into U.S. markets.

  • Sept 27- U.S. cleaning products maker Clorox Co said the Venezuelan government's takeover of two of its plants after the company pulled out of the country raised "grave concerns" about the safety of workers and surrounding communities.

  • Clorox: Venezuelan seizure of plant risks safety Saturday, 27 Sep 2014 | 10:08 AM ET

    CARACAS, Venezuela— U.S.-based Clorox Co. warns that the Venezuelan government's decision to seize the company's shuttered facilities near Caracas may pose safety risks for workers and nearby residents.

  • Venezuela takes over closed Clorox factory Friday, 26 Sep 2014 | 9:03 PM ET

    "They left Venezuela and we couldn't even talk to anyone except with a representative in Argentina on a video conference." Clorox said this week that it was ending operations in Venezuela and looking to sell its local affiliate after struggling for years with rigid price and currency controls and galloping inflation that made it impossible to turn a profit.

  • Chile enacts higher taxes to fund schools Friday, 26 Sep 2014 | 1:47 PM ET

    SANTIAGO, Chile— Chile is enacting measures that raise taxes on large businesses to help finance improvements in education, health and other services. President Michelle Bachelet says the law that goes into effect on Oct. 1 will help reduce inequality in the South American nation.

  • SAO PAULO, Sept 26- Brazil's President Dilma Rousseff has regained the momentum in an election race that looks too close to call just a week before the first round of voting, using a wave of attacks to halt a surge by challenger Marina Silva.

  • CARACAS, Sept 26- Venezuela's famed models and aspiring beauty queens are struggling to doll themselves up as shortages turn eye shadow and breast implants into coveted luxuries. "I exhaust myself visiting pharmacies, I look everywhere for makeup," said Ileanne Davila, a 19 year-old civil engineering student and model.

  • RIO DE JANEIRO, Sept 25- Brazilian presidential candidate Marina Silva vowed on Thursday to de-politicize regulatory agencies that she says do more to win favor with government allies than ensure fair and efficient markets in Latin America's biggest economy.

  • *Telecom Italia board to examine Fintech's proposal Friday. MILAN/ BUENOS AIRES, Sept 25- Investment company Fintech has asked Telecom Italia to further extend an agreement to buy the Italian group's controlling stake in Telecom Argentina, Telecom Italia said on Thursday, in a last-minute attempt to ensure the sale does not fall apart.

  • Business Highlights Thursday, 25 Sep 2014 | 5:59 PM ET

    Prices at the pump head below $3 in much of US. The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. The gap is 20 cents or more in seven states, including California, Kansas, South Dakota and Connecticut, according to AAA.

  • Mexican cartels steal billions from oil industry Thursday, 25 Sep 2014 | 12:01 AM ET

    CIUDAD MIER, Mexico— Mexico overcame 75 years of nationalist pride to reform its flagging, state-owned oil industry. So far this year, thieves across Mexico have drilled 2,481 illegal taps into state-owned pipelines, up more than one-third from the same period of 2013. Pemex estimates it's lost some 7.5 million barrels worth $1.15 billion.

  • BUENOS AIRES, Sept 24- Argentina said on Wednesday its economy pulled out of recession in the second quarter, raising doubts over the reliability of data as the government battles to ease the impact of its sovereign debt default.

  • Argentina uses drones to spot wealthy tax evaders Wednesday, 24 Sep 2014 | 6:57 PM ET

    BUENOS AIRES, Argentina— Argentine tax evaders beware: The government is using a drone to spot you. The Buenos Aires province's tax agency said Wednesday that it has used drones to identify some 200 mansions and about 100 swimming pools that haven't been declared by their owners.

  • The comment came just hours after Fernandez's cabinet chief Jorge Capitanich accused Germany of having a "hostile attitude" toward Argentina's debt restructuring effort, citing an advertisement by the hedge funds which quotes a German official criticizing Argentine policy.

  • BUENOS AIRES, Sept 24- Germany has a "hostile attitude" toward Argentina's debt restructuring effort, cabinet chief Jorge Capitanich said on Wednesday after local newspapers ran an advertisement quoting a German official criticizing Argentine policymaking.

  • Brazilian tycoon charged with market manipulation Wednesday, 24 Sep 2014 | 11:53 AM ET

    SAO PAULO— Federal prosecutors in Sao Paulo have charged Brazilian tycoon Eike Batista with manipulating the stock market and causing billions of dollars in losses.

  • BRASILIA, Sept 23- President Dilma Rousseff has regained the edge in Brazil's presidential race after weeks of aggressive campaigning against environmentalist Marina Silva, who has lost ground among voters in the campaign's homestretch, polls showed on Tuesday.