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World Markets Latin America

  • CURITIBA, Brazil, March 24- When government health inspector Daniel Gouveia Teixeira confronted a Brazilian processed meat plant with what he says was evidence of excess use of marrow, bone and other slaughterhouse by-products in food for human consumption, he was suddenly removed as the plant's inspector. The incident, nearly three years ago at the Peccin...

  • SAO PAULO, March 24- Cyrela Brazil Reality SA expects high levels of sales cancellations during the current first quarter, a sign Brazil's largest homebuilder continues to struggle with the impact of a multi-year downturn in domestic construction. Cancellations tended to be higher in markets in the North and Northeast of Brazil. Still, Brazil's bleak...

  • loomed@ HOUSTON/ CARACAS, March 24- A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in government-sanctioned fuel exports to foreign allies and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sources familiar with its operations. Leftist-run Venezuela sells its...

  • March 23- U.S. biodiesel producers on Thursday asked the U.S. government to impose antidumping duties on imports of biodiesel from Argentina and Indonesia that it says have flooded the U.S. market and violated trade agreements. The group includes Louis Dreyfus Co, which makes biodiesel in Argentina, and Wilmar International Ltd, a maker of biodiesel in...

  • MEXICO CITY/ WASHINGTON, March 23- A group of 14 nations urged Venezuela on Thursday to hold elections and release "political prisoners," in a joint statement that kept open the option of seeking to suspend the South American country from the Organization of American States. The statement, which Mexico's Foreign Minister Luis Videgaray said was aimed at...

  • MEXICO CITY/ WASHINGTON, March 23- A group of 14 nations on Thursday urged Venezuela to hold elections and release "political prisoners," in a joint statement that kept open the option of seeking to suspend the South American country from the Organization of American States. The statement, which Mexico's Foreign Minister Luis Videgaray said was aimed at...

  • MEXICO CITY, March 23- A group of 14 nations on Thursday urged Venezuela to hold elections and release political prisoners, in a joint statement that kept open the option of seeking to suspend the South American country from the Organization of American States. The statement, which Mexico's Foreign Minister Luis Videgaray earlier in the day described as aimed...

  • BRASILIA, March 23- The European Union has asked Brazil to voluntarily suspend all shipments of meat to its member countries to avoid imposing a ban that would take time to lift, but the Brazilian government has not agreed, EU diplomats in Brasilia told Reuters on Thursday. EU ambassadors have been seeking more information on the irregularities discovered in...

  • March 23- U.S. biodiesel producers on Thursday asked the U.S. government to impose antidumping duties on imports of biodiesel from Argentina and Indonesia that it says have flooded the U.S. market and violated trade agreements. The group includes Louis Dreyfus Co, which makes biodiesel in Argentina, and Wilmar International Ltd, a maker of biodiesel in...

  • BRASILIA, March 23- The European Union has asked Brazil to voluntarily suspend all shipments of meat to its member countries to avoid imposing a ban that would take time to lift, but the Brazilian government has not agreed, EU diplomats in Brasilia told Reuters on Thursday. EU ambassadors have been seeking more information on the irregularities discovered in...

  • SAO PAULO, March 23- Brazil's JBS SA, the world's biggest meatpacking company, announced on Thursday that it had suspended beef production at 33 of its 36 plants amid the corruption scandal that has caused some of the country's biggest export markets to ban Brazilian meats. JBS and BRF SA, the world's largest poultry exporter, are among dozens of firms targeted in...

  • BRASILIA, March 23- The European Union asked Brazil to voluntarily suspend all shipments of meat to its member countries to avoid imposing a ban that would take time to lift but the Brazilian government did not agree, EU diplomats in Brasilia told Reuters on Thursday.

  • March 23- The trade group for U.S. biodiesel producers on Thursday petitioned the U.S. government to impose antidumping and countervailing duties on imports of biodiesel from Argentina and Indonesia that it says have that flooded the U.S. market and violated trade agreements. Biodiesel imports from Argentina and Indonesia rose 464 percent from 2014 to 2016...

  • ANTOFAGASTA, Chile, March 23- The strike at Chile's Escondida, the world's largest copper mine, is ending after workers decided to invoke a rarely used legal provision that allows them to extend their old contract, the union said on Thursday. Hours earlier, talks between the two sides failed, and Escondida, which is operated by BHP Billiton, said it would attempt to...

  • CARACAS, Venezuela— Residents of Venezuela's capital awoke to long lines of cars at gas stations amid rumors that fuel supplies in the nation with the world's largest oil reserves are running out. Dozens of cars were lined up at gas stations around Caracas on Thursday morning in a fuel shortage officials are attributing to transportation delays.

  • SAO PAULO, March 23- Brazilian telephone operator Oi SA expects a new in-court reorganization plan to go to a creditor vote by the end of June, Chief Executive Officer Marco Schroeder said on Thursday. In a conference call with investors and analysts, Schroeder said the updated plan has not yet been submitted to the Rio de Janeiro court where the debt-laden...

  • BUENOS AIRES, Argentina— A judge in Argentina has ordered former President Cristina Fernandez to face trial in a case where she is accused of defrauding the state as part of her government's handling of the dollar futures market. Federal judge Claudio Bonadio announced the decision Thursday. The sales also led to a sharp drop in Central Bank reserves.

  • CARACAS/ PUNTO FIJO, Venezuela, March 22- G rumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world's largest crude reserves. Venezuela, which also has the world's cheapest gasoline, has wrestled with intermittent gasoline shortages in recent months, especially...

  • LIMA, March 22- A railway used by copper, zinc and silver mines to transport concentrates from Peru's central Andes to port is likely be out of action for at least two to three weeks following deadly floods and mudslides, a minister said on Wednesday. Even after the railway resumes operations, exports from the port of Callao near Lima could be delayed by two to three...

  • CARACAS/ PUNTO FIJO, Venezuela, March 22- G rumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world's largest crude reserves. Venezuela, which also has the world's cheapest gasoline, has wrestled with intermittent gasoline shortages in recent months, especially...