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  • CARACAS, March 3- OPEC member Venezuela said on Tuesday it has modified a deal with beef-exporting Uruguay to allow it to pay for oil with goods and services, in the latest move possibly designed to ease shortages. Under a July contract, Venezuela promised to supply some 12,330 bpd to Uruguay this year. Strict currency controls in Venezuela have reduced access to...

  • SAO PAULO, March 3- Only a handful of roads remained blocked in Brazil on Tuesday as truck drivers focused their grievances on Brasilia and a key highway in top soy state Mato Grosso opened after two weeks of protests. By mid-afternoon 500 trucks had arrive at Brazil's No. 2 soy exporting port of Paranagua where recent roadblocks depleted soy stocks.

  • SAO PAULO, March 3- Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a key highway in top soy state Mato Grosso opened. Nationwide, there were 18 roadblocks over rising freight costs by the end of the day on Monday, well below peaks of more than 100 a week ago,...

  • SAO PAULO, March 2- Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash. In a securities filing on Monday, the oil company commonly known as Petrobras raised the target for assets sales from the $5 billion to $11 billion...

  • MEXICO CITY/ BRASILIA, March 2- Mexico is willing to extend an auto export quota pact with Brazil for up to two more years, provided restrictions are eased when the current agreement ends at midnight on March 18, an official familiar with the talks said on Monday. The accord, signed in 2012, limits the automotive trade between Mexico and Brazil under an annual quota...

  • MEXICO CITY— Mexican authorities have fined a mining company about $1.5 million for an Aug. 7 spill of copper sulfate and heavy metals that contaminated two rivers in northern Mexico. The Attorney General for Environmental Protection found 55 violations at the Buenavista copper mine in the northern border state of Sonora. The mine operated by Mexican...

  • MEXICO CITY, March 2 Mexico's manufacturing sector sentiment fell in February to a three-month low as input prices rose at their fastest pace in nearly three years on a weak peso in Latin America's no. 2 economy. "Improving U.S. economic conditions and the weaker peso exchange rate should bolster the manufacturing sector in the coming months," Markit economist...

  • NEW YORK/ MANAGUA, March 1- Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent people from getting their caffeine fix. Falling coffee production and near-record demand has forced it to buy more higher-priced foreign...

  • CARACAS, Feb 28- Venezuelan President Nicolas Maduro said on Saturday his government had captured American citizens involved in "espionage activities," and said U.S. citizens in the future will have to seek visas to come to the OPEC nation. Speaking during a rally, he said his government will prohibit some U.S. officials from entering Venezuela in retaliation for...

  • SAO PAULO, Feb 27- The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime. In a contentious, nearly three hour-long session, Sao Paulo state...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, Brazil's second-largest soy export port, now...

  • RIO DE JANEIRO, Feb 27- Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday that the director of its corporate-services division will take a 90- day leave of absence for health reasons. Dutra, a former Brazilian Senator, served as Petrobras' chief executive officer for two and a half years from 2002 to 2005 and president of Brazil's...

  • Correction: Earns-Controladora Vuela story Friday, 27 Feb 2015 | 3:18 PM ET

    SANTA FE, Mexico— In a Feb. 26 story about Controladora Vuela's results, The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company's earnings missed Wall Street expectations. SANTA FE, Mexico— Controladora Vuela Compania de Aviacion SAB. de CV on Wednesday reported...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil on Friday after police began fining and arresting protesters who have slowed grain deliveries in the commodities powerhouse. But silos at Paranagua, Brazil's second-largest port for soy exports, now have enough soybeans to keep filling ships until March 3, rather than...

  • BRASILIA, Feb 27- Brazilian Finance Minister Joaquim Levy unveiled changes to payroll and export tax benefits on Friday that should help bolster fiscal savings, the latest measures in an austerity push aimed at improving public finances. Levy said in a news conference in Brasilia that a reduction in payroll tax breaks for certain companies would generate...

  • MEXICO CITY, Feb 27- Mexico has approved the auction terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday. Round One includes several fields grouped by basin, with the first batch of 14 contracts approved...

  • MEXICO CITY, Feb 27- Mexico has approved the auction terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday. Round One includes several fields grouped by basin, with the first batch of 14 contracts approved...

  • Private equity tops a list of potential investors in a sector that represents 10 percent of Brazil's gross domestic product and shows promise of growth but is hobbled by aging infrastructure, a dearth of qualified staff and rising costs. Two of those sources said a proposal by Carlyle Group LP to pay as much as 2 billion reais for a 30 percent stake in Rede D'Or...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, the second-largest soy export port in Brazil,...