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Latin America

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  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • Obama-Castro: Has 'the fever' broken? Wednesday, 17 Dec 2014 | 12:27 PM ET
    Calle Ocho in Little Havana, Miami.

    Obama's move to normalize relations with Havana is raising the promise in South Florida that it will finally open up Cuba's economy.

  • Viva cigars! Easing of Cuba trade would be 'huge' Wednesday, 17 Dec 2014 | 11:38 AM ET
    A woman smokes a cigar during the XVI Havana Cigar Festival in Havana last February.

    The end of the embargo is big news for cigar lovers, but it's not likely that Americans will be firing up right away.

  • BRASILIA, Dec 17- Brazilian President Dilma Rousseff's approval rating has not suffered from a widening corruption scandal involving state-run oil company Petroleo Brasileiro SA and many Brazilians continue to trust her, a poll showed on Wednesday. Prosecutors have indicted nearly 40 people, including two former Petrobras directors and executives of...

  • RIO DE JANEIRO, Dec 17- Senior management at Petroleo Brasileiro SA may have to resign to avoid further delays of the Brazilian state-run oil company's audited third-quarter earnings report, Chief Executive Officer Maria das Graças Foster said on Wednesday. Foster said she had spoken to President Dilma Rousseff about the potential resignations, including...

  • Upgrades at US border crossing thrill commuters Wednesday, 17 Dec 2014 | 1:48 AM ET

    Waits to enter San Diego from Tijuana, Mexico, during the morning rush have dropped to less than 45 minutes from two hours since vehicle lanes were added in September. "I lost so much time that it made me cry," said Tijuana resident Alexandra Acua, driving a friend to the San Diego airport during a recent Monday morning rush. Shorter lines have fueled a 20 percent...

  • WASHINGTON, Dec 16- The Obama administration as soon as Wednesday will announce its plans for curbing methane emissions from the oil and gas sector, which the United States must do to meet its 2020 target for cutting greenhouse gas emissions, people familiar with the issue said Tuesday. The government reaffirmed that goal last week at U.N. climate talks in Lima.

  • Dec 16- California pension plans would divest all assets related to the coal industry under a measure the leader of the state senate said he will propose to reduce support for an industry that critics blame for contributing to climate change. He had just returned from United Nations talks in Lima, Peru on international efforts to fight climate change.

  • Rio prosecutors file new case against Petrobras Tuesday, 16 Dec 2014 | 4:30 PM ET

    RIO DE JANEIRO— Officials from Rio de Janeiro public prosecutors' office said Tuesday that they've filed legal action against Brazil's scandal-mired oil company, Petrobras, as well as top builder Andrade Gutierrez. Authorities there allege top officials from Petrobras operated a kickback scheme on contracts worth upward of $4 billion, with money from the...

  • RIO DE JANEIRO, Dec 16- Prosecutors in Rio de Janeiro said on Tuesday that they were seeking to indict the former chief executive officer of Brazilian state-run oil company Petroleo Brasileiro SA and a leading local construction and engineering firm for fraud. This list includes Jose Sergio Gabrielli, CEO from July 2005 to January 2012 and Renato Duque, the...

  • Chrysler renames itself as FCA US Tuesday, 16 Dec 2014 | 10:17 AM ET

    Dec 16- U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles NV. Earlier this year Fiat completed its purchase of all outstanding Chrysler shares, and listed the company on the New York Stock Exchange in October. FCA US employs more than 77,000...

  • Goodyear to close Latin American office, move jobs Tuesday, 16 Dec 2014 | 6:04 AM ET

    AKRON, Ohio— There's a report that Goodyear Tire& Rubber Co. plans to close an office in Argentina and move 30 to 50 jobs to Akron. DeShazior tells the Akron Beacon Journal for a story Tuesday that the office in Buenos Aires serves as a design hub in Latin America. DeShazior said Goodyear leaders shared the news with city officials Monday.

  • Restaurateur who moved Mexican food to masses dies Tuesday, 16 Dec 2014 | 1:26 AM ET

    LOS ANGELES— Larry J. Cano once said it was not his love of food so much as it was the way he was treated in a Mexican restaurant during a visit to his father's homeland that led him to help popularize Mexican food in the United States. He had been managing a Polynesian restaurant in Los Angeles in 1954 when the owner died and his widow asked Cano if he wanted to take the...

  • WASHINGTON, Dec 15- Argentina has taken all the required steps so far to revamp its economic data but must still meet one more deadline as it seeks to bring the quality of its statistics in line with global standards, the International Monetary Fund's board said on Monday. The IMF, which requires accurate data to analyze the world's economies, censured Argentina...

  • Julio Camargo, a consultant for contractor Toyo Setal, and lobbyist Fernando Soares were charged along with Cervero with allegedly paying out $40 million in kickbacks to political parties, executives and contractors and accepting $13 million in bribes from Korean shipbuilder Samsung Heavy Industries, the prosecutors said in a statement.

  • Brazil: Google fined in Petrobras probe Monday, 15 Dec 2014 | 1:34 PM ET

    SAO PAULO— A Brazilian court says it has fined Google around $200,000 for refusing to intercept emails needed in a corruption investigation at state-run oil company Petrobras. The federal court in the southern state of Parana said in a statement Monday that Google eventually did share the emails with Brazilian police several months ago but had to pay the fine...

  • Vinicius and Tom named 2016 Olympics mascots Monday, 15 Dec 2014 | 11:26 AM ET

    RIO DE JANEIRO— The mascot for the 2016 Olympics in Rio de Janeiro has been named Vinicius, and the Paralympics mascot will go by the name of Tom. The names honor Brazilian musicians and partners Vinicius de Moraes and Tom Jobim. Vinicius is a yellow cat-like creature that represents Brazil's fauna, and Tom is a bushy-headed figure reminiscent of the country's...

  • The prosecutors said Nestor Cervero, the former head of Petrobras' distribution subsidiary, as well as lobbyist Fernando Soares and Julio Camargo of local contractor Toyo Setal funneled $40 million of kickbacks and accepted $13 million in bribes from Korean shipbuilder Samsung Heavy Industries. Toyo Setal and Samsung Heavy Industries were not...

  • New Malick movie to debut at Berlin film festival Monday, 15 Dec 2014 | 9:46 AM ET

    BERLIN— New films from Terrence Malick and Peter Greenaway are among the first movies chosen to screen at the Berlin International Film Festival in February. Festival organizers said Monday that Malick's "Knight of Cups," starring Christian Bale, Cate Blanchett and Natalie Portman, will have its world premiere in the event's competition.

  • Nicaragua rescue crews find capsized boat Monday, 15 Dec 2014 | 8:27 AM ET

    PUERTO CABEZAS, Nicaragua— Rescue crews in Nicaragua have found a fishing boat that capsized in the Caribbean last week with 50 people aboard and are searching for 18 crew members who remain missing, authorities said Sunday. The MN Wayward Wind was overturned by a huge wave five days ago about 35 nautical miles southeast of Puerto Cabezas, Nicaragua, survivors...