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Latin America

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  • RIO DE JANEIRO/ PARIS, Aug 27- Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by foreign rivals.

  • RIO DE JANEIRO, Aug 27- Investors are warming up to a possible victory by Marina Silva in Brazil's presidential election as the popular environmentalist emerges as their best shot at avoiding four more years of a government they strongly dislike.

  • Argentina plans to bring foreign debt under its law Wednesday, 27 Aug 2014 | 1:40 PM ET
    A train passes by graffiti that reads "Homeland or vultures"  in Buenos Aires, August 21, 2014.

    Argentina's government says its long-term plan is to bring all its sovereign debt governed by foreign law under Argentine legislation.

  • BRASILIA, Aug 27- Environmentalist Marina Silva would handily beat President Dilma Rousseff if Brazil's October election goes to a runoff, a poll showed on Wednesday, an outcome that seemed unimaginable just a few weeks ago and one that would put an end to 12 years of Workers' Party rule.

  • Labor protest disrupts Argentine capital Wednesday, 27 Aug 2014 | 1:32 PM ET

    BUENOS AIRES, Argentina— A labor organization opposed to Argentine President Cristina Fernandez caused traffic jams and disrupted life for many in the capital Wednesday at the start of a 36- hour strike.

  • GM to move Cadillac SRX production to Tennessee Wednesday, 27 Aug 2014 | 11:36 AM ET

    SPRING HILL, Tenn.— General Motors announced Wednesday that it is moving production of its next-generation Cadillac SRX crossover SUV from Mexico to its plant in Tennessee, leading United Auto Workers leaders to chide Tennessee Republicans for their opposition to the union increasing its influence in the state.

  • Alarm as Nicaragua starts canal route survey Wednesday, 27 Aug 2014 | 9:24 AM ET

    MANAGUA, Nicaragua— Teams of assessors accompanied by soldiers and police have begun surveying properties along the route of Nicaragua's planned interoceanic canal, taking quick steps toward the start of a vast project the country has dreamed of for more than a century.

  • Venezuela battles obesity amid dearth of good food Wednesday, 27 Aug 2014 | 12:13 AM ET

    BOGOTA, Colombia— Venezuela's socialist government is sounding the alarm about growing waistlines in a country where record food shortages are making it harder to put healthy meals on the table, prompting many people to fill up on empty calories.

  • BRASILIA, Aug 26- A surging Marina Silva has narrowed President Dilma Rousseff's lead in Brazil's presidential race, a new opinion poll showed on Tuesday, paving the way for a likely second-round runoff in which the popular environmentalist looks well-positioned to win.

  • MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweetener.

  • Mexico to receive major economic jolt, experts say Tuesday, 26 Aug 2014 | 4:23 PM ET
    Enrique Peña Nieto, Mexico's president, speaks about energy reform at Los Pinos, the presidential residence, in Mexico City in August 2014.

    Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.

  • MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies.

  • BNY Mellon, a financial intermediary between the Argentine government and its bond investors, in June held onto a $539 million interest payment owed to bondholders on the orders of a U.S. court. The Argentine government argued it had met its debt obligations and urged holders of exchange debt to pursue BNY Mellon for payment.

  • WASHINGTON, Aug 26- The United States is set to slap import duties of up to 17.01 percent on the price of Mexican sugar after a preliminary decision on Tuesday, a source close to the case said.

  • COMMERCE DEPT SETS PRELIMINARY ANTI-SUBSIDY DUTIES ON MEXICAN SUGAR FROM TALA AT 2.99 PCT- SOURCE CLOSE TO CASE.

  • Argentina says US-based BNY Mellon not welcome Tuesday, 26 Aug 2014 | 12:46 PM ET

    BUENOS AIRES, Argentina— Bank of New York Mellon, which has played a central role in the legal dispute that pushed Argentina into default last month, is no longer authorized to operate in the South American country, the government said Tuesday.

  • Hurricane Cristobal gains, heads toward Bermuda Tuesday, 26 Aug 2014 | 12:37 PM ET

    SAN JUAN, Puerto Rico— Hurricane Cristobal hurled heavy rains across Atlantic and Caribbean islands on Tuesday as it headed toward Bermuda, and officials said the storm already had caused at least five deaths. The storm had maximum sustained winds of 75 mph, but it was expected to strengthen slightly by Thursday after passing northwest of Bermuda.

  • Why investors are watching Brazil's elections Tuesday, 26 Aug 2014 | 11:54 AM ET
    Brazil's Socialist Party presidential candidate Marina Silva, left, attends a rally campaign in Sao Paulo August 24, 2014.

    Brazilian markets have gone bullish on the recent surge of a candidate who could knock Dilma Rousseff out of the presidency in October.

  • Victor Benavides, Latin America analyst at Mirabaud Asset Management, says Latin American equities have outperformed putting the region "back on the radar" for investors.

  • Guatemala declares state of emergency for drought Tuesday, 26 Aug 2014 | 12:10 AM ET

    GUATEMALA CITY— The Guatemalan government has declared a state of emergency in 16 of the country's 22 provinces because of a drought that has caused major agricultural losses in Central America. Agriculture Minister Elmer Lopez said Monday that as of last week more than 236,000 families had been affected mainly in western and central Guatemala.