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Latin America

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  • TOKYO, Nov 28- Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions. Several automakers in the U.S. have issued regional recalls of certain models to investigate what is causing some Takata air bags to...

  • Argentina charges HSBC with aiding tax evasion Thursday, 27 Nov 2014 | 4:06 PM ET

    BUENOS AIRES, Argentina— Argentina's tax agency charged HSBC bank Thursday with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts. AFIP said it got its information from France, where HSBC was placed under formal investigation last week for possibly aiding tax evasion. AFIP charged the local branch of HSBC and its...

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 3:00 p.m. ET Thursday, 27 Nov 2014 | 3:00 PM ET

    Oil prices plunge after OPEC decides against output cut. CALGARY- Brent crude oil plunged as much as $6.50 a barrel, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. BOGOTA- Hundreds of thousands of people displaced from their land...

  • BRASILIA, Nov 27- Brazil's incoming finance minister Joaquim Levy promised more realistic fiscal targets and balanced economic growth on Thursday, aiming to rebuild investor confidence after years of weak growth and erratic economic policies. A former executive at Banco Bradesco with a reputation for fiscal discipline, Levy is expected to roll back costly...

  • CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price, Foreign Minister Rafael Ramirez said on Thursday, despite OPEC's refusal to cut output as the cash-strapped South American country had aggressively pushed for. Saudi Arabia blocked calls from poorer members of the OPEC oil exporter group for production...

  • CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price which it still thinks should be around $100, Foreign Minister Rafael Ramirez said on Thursday.

  • Brazil's Rousseff names banker as finance minister Thursday, 27 Nov 2014 | 1:19 PM ET

    RIO DE JANEIRO— Brazilian President Dilma Rousseff named a former treasury secretary with a reputation as a fiscal conservative as finance minister on Thursday in a move that's widely seen as charting a new course for Brazil's flagging economy and soothing jittery financial markets. The appointee, Joaquim Levy, is a University of Chicago-trained economist...

  • Brazil's Rousseff to name economic team Thursday, 27 Nov 2014 | 9:01 AM ET

    RIO DE JANEIRO— Brazilian President Dilma Rousseff is expected to unveil the much-anticipated economic team, tasked with jumpstarting the country's stalled economy. Major Brazilian news media say University of Chicago-trained banker Joaquim Levy is to be named finance minister for Rousseff's second term Thursday. Though his last job was as a top...

  • Private firms filling Latin America's security gap Thursday, 27 Nov 2014 | 12:01 AM ET

    Men claiming to be with the notorious Gulf Cartel had stopped a convoy transporting chemicals through a lawless region of northeastern Mexico. The phone chatter and chirping two-way radios sounded like a police dispatch, but this was the emergency response room of International Private Security, a Mexico- based company that helps clients like PepsiCo, Audi...

  • Colombians protest ban on ride-share company Uber Wednesday, 26 Nov 2014 | 5:32 PM ET

    BOGOTA, Colombia— Furious taxi drivers and loyal users of Uber are butting heads over Colombia's new ban on the ride-sharing company. Amid threats of a strike by yellow taxis who consider cars affiliated with Uber to be "pirates," the Transportation Ministry this week declared illegal all smartphone applications that facilitate the hiring of cabs that aren't...

  • SAO PAULO, Nov 26- Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years. That way, he hopes to gather as much information as possible before the case goes to the Supreme Court, which under...

  • Spain urges Cuba to up pace of economic reforms Tuesday, 25 Nov 2014 | 6:53 PM ET

    HAVANA— Spain's foreign minister urged Cuba on Tuesday to accelerate economic reforms designed to expand private enterprise and attract foreign investment to the communist-run island. Foreign Minister Jose Manuel Garcia-Margallo's two-day visit to Cuba was the first by a minister in the Cabinet of Spanish Prime Minister Mariano Rajoy, whose...

  • "There was pressure from high commodity prices that led some growers to plant soy in illegally deforested areas," Teixeira said after signing the moratorium, which runs through May 2016, with a group of Brazil's largest soy exporting and processing firms. "Clearly, soy is not a driver behind Amazon deforestation," said Carlo Lovatelli, president the Brazilian...

  • SAO PAULO, Nov 25- When Brazilian President Dilma Rousseff first considered replacing Finance Minister Guido Mantega two years ago, a top aide confided that any good candidate for the job would have to meet two requirements. Levy, an executive at local bank Bradesco SA, is seen by most investors as a strong choice to try to restore confidence after four years of...

  • Chile: ENAP refinery fire injures 2 workers Tuesday, 25 Nov 2014 | 10:47 AM ET

    SANTIAGO, Chile— A fire at a refinery owned by Chile's state oil company ENAP has injured two workers. But ENAP says the Tuesday morning blaze at a unit of the Aconcagua refinery is now under control. Aconcagua is one of Chile's top oil refineries along with the Bio Bio refinery, also owned by ENAP.

  • United States subpoenas Brazil's Petrobras Tuesday, 25 Nov 2014 | 8:25 AM ET

    SAO PAULO— The United States Securities and Exchange Commission has subpoenaed documents in its investigation into corruption allegations at Petrobras, Brazil's state-run oil giant said. Petrobras acknowledged the documents requested were "related to an investigation into the company initiated by the SEC" and said the materials would be forwarded to the...

  • China fears US Republican opposition in climate talks Tuesday, 25 Nov 2014 | 6:09 AM ET

    Chinese climate change negotiators fear US Republican Party opposition could hamper a deal to limit greenhouse gas emissions, they warned ahead of talks next week.

  • LIMA, Nov 25- A crackdown on illegal gold mining in Peru has spawned new smuggling routes through its porous border with Bolivia with some gangs using human mules, armored cars and light aircraft to evade capture. The gold is ghosted across jungles, rainforest and Lake Titicaca on the mountainous border, and is then sold to dealers who process the precious metal...

  • Suspect in Petrobras scandal turns himself in Monday, 24 Nov 2014 | 10:15 AM ET

    RIO DE JANEIRO— A suspect wanted in the widening corruption probe at Brazil's state-run oil giant Petrobras has turned himself in to police. He was the last of 25 suspects to be detained in the latest phase of the so-called "Car Wash" investigation into corruption at Petrobras, Brazil's biggest company. The Petrobras scandal has been playing out for months, with...

  • BRASILIA, Nov 24- Brazil's current account deficit widened in October from the previous month, highlighting the rapid deterioration of the external accounts as prices of key exports drop sharply. Brazil's current account deficit in September was $7.907 billion. In the last 12 months through October, the current account deficit was equivalent to 3.73 percent...