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  • DETROIT— Mexico has become the most attractive place in North America to build new automobile factories, a shift that has siphoned jobs from the U.S. and Canada, yet helped keep car and truck prices in check for consumers. In the past two years, eight automakers have opened or announced new plants or expansions in Mexico. A worker in Mexico costs car companies an...

  • The IPO filing follows the successful listing of hamburger chain Shake Shack Inc in January and Habit Restaurants Inc in November. Fogo de Chao, back by private equity firm Thomas H. Lee Partners LP, has 26 restaurants in the United States and nine in Brazil, according to a regulatory filing on Monday. Fogo de Chao started as a restaurant in Porto Alegre, Brazil, in...

  • HELENA, Mont.— Attorneys for the founder of a luxury Montana club planned Tuesday to file an emergency request with a federal appeals court seeking to free him after he was jailed for failing to disclose what happened to $13.8 million from the sale of a Mexican resort. The case emerged from the 2008 bankruptcy of the Yellowstone Club, a private ski and golf resort...

  • The IPO filing follows the successful listing of hamburger chain Shake Shack Inc in January and Habit Restaurants Inc in November. Fogo de Chao, back by private equity firm Thomas H. Lee Partners LP, has 26 restaurants in the United States and nine in Brazil, according to a regulatory filing on Monday. Fogo de Chao started as a restaurant in Porto Alegre, Brazil, in...

  • HELENA, Mont.— A federal judge ordered the founder of a luxury Montana mountain resort back to jail Monday, saying he failed to disclose what happened to $13.8 million from the sale of a resort in Mexico. The case stems from the bankruptcy of the Yellowstone Club near Big Sky, a private ski and golf resort, which boasts a $300,000 entry fee. Authorities say Blixseth...

  • Mexico is desperate to get the relationship back on track after its shock scrapping of a multi-billion-dollar high-speed train contract originally awarded to a Chinese-led consortium earlier this year, a move that angered Beijing. Seeking to wean itself off dependence on the United States and compensate for an oil slump that hammered public finances,...

  • ITABORAÍ, Brazil, April 20- For the 20 men hanging on at the Pousada do Trabalhador, a 600- bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. The men are the latest victims of Brazil's biggest-ever corruption scandal, a multi-billion dollar graft scheme...

  • SANTIAGO, April 20- When Antofagasta Chief Executive Diego Hernandez took the stage at the world's biggest copper conference last week, he talked about the growing risks mining companies face from rising worker salaries in South America due to staff shortages and strong unions. Last year, Antofagasta agreed to four-year contracts, including pay increases...

  • ORINOCO BELT, Venezuela, April 19- Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadian supplies. Del Pino said he raised the idea during the Summit of the Americas in Panama earlier this month and at a...

  • WASHINGTON— The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt. The head of the European Central Bank, Mario Draghi, said it was "urgent" to resolve the current dispute between Greece and its creditors. But French Finance...

  • BRASILIA, April 17- Investment fund Coliseu has reached a preliminary agreement to sell its stake in Brazilian transmission utility Taesa to Colombia's Empresas Publicas de Medellin for 1.527 billion reais, both companies said on Friday. The other controlling shareholder is Brazilian power holding company Cia Energética de Minas Gerais SA, or Cemig, which...

  • MEXICO CITY, April 17- Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The United Auto Workers union, in response, said putting jobs in Mexico rather than the United States will be a major issue at its upcoming U.S. labor talks with Ford, General Motors Co and...

  • SAO PAULO— Brazil's troubled state-owned oil company has said it will reveal its estimate on how much it lost in a sweeping kickback scheme when it releases an audited report of its financial earnings from last year's third and fourth quarters. Part of that money allegedly went to the governing Workers' Party and other parties for political campaigns.

  • MEXICO CITY, April 17- Ford Motor Co said on Friday will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The facility will build a new gasoline engine that will be exported to the United States, Canada, South America and the Asia-Pacific region. Earlier this week, Toyota announced it would...

  • *Major court decisions expected this year- Gold Reserve. CARACAS, April 16-- Gold Reserve Inc, a small Canadian miner that lost its crown jewel in a 2009 expropriation, is targeting Venezuelan assets as it seeks to collect a $750 million arbitration award that would put new strains on the cash-strapped government's finances. With higher-profile cases including...

  • MEXICO CITY— President Enrique Pena Nieto formally inaugurated a plan Thursday to save the critically endangered vaquita marina, the world's smallest porpoise found only in the Sea of Cortez. There are fewer than 100 vaquitas left and the head of the World Wildlife Fund in Mexico, Omar Vidal, called the shy, elusive porpoise "an emblematic species for Mexico, the...

  • GUATEMALA CITY— Guatemala's current and former tax chiefs were detained along with more than a dozen other people in a crackdown on a ring that defrauded the state through bribery and theft and that was led by a top aide to the vice president, authorities said Thursday. Investigators charged that the ringleader was Juan Carlos Monzon, private secretary to Vice...

  • A leading candidate in Argentina would overhaul economy Thursday, 16 Apr 2015 | 11:42 AM ET

    BUENOS AIRES, Argentina— The man who could be Argentina's next president wants to put an end to tight government currency controls, make peace with the nation's creditors and improve severely frayed ties to the United States. The right-leaning Buenos Aires mayor leads many polls ahead of the October elections. His popularity is buoyed by economic frustration...

  • Stock of online marketplace Etsy surges in trading debut Thursday, 16 Apr 2015 | 11:18 AM ET

    Shares of arts and crafts retailer Etsy surged in opening trading on the Nasdaq Thursday. After pricing at $16 late Wednesday the stock opened at nearly double that level, and hit a high of $35.73 in morning trading. Founded in 2005, Brooklyn- based Etsy sells anything from a $110,000 antique desk from the 1800 s to a $20 handmade antler pendant and everything in...

  • Tecnoglass posts 4Q profit Thursday, 16 Apr 2015 | 6:27 AM ET

    BOGOTA, Colombia _ Tecnoglass Inc. on Wednesday reported net income of $13.3 million in its fourth quarter. Tecnoglass expects full-year revenue of $240 million. Tecnoglass shares have fallen 12 percent since the beginning of the year.