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  • MEXICO CITY— Four families have sued global bank HSBC in federal court in Texas alleging that the bank permitted Mexican drug cartels to launder money and thereby provided material support to terrorists. Among the people represented are Jaime Zapata and Victor Avila, agents for U.S. Immigration and Customs Enforcement. HSBC did not immediately respond to a...

  • RIO DE JANEIRO, Feb 10- A group of international investors and law firms are seeking compensation from Brazil's state-led oil company Petrobras under European law for losses allegedly suffered as the result of a giant price-fixing, bribery and political kickback scandal. SPCF believes it has a claim against Petrobras under European securities law because...

  • CARACAS, Feb 10- Venezuelan shopping centers are scaling back hours of operation causing an uproar among consumers, in the wake of the government's move to reduce their electricity supplies in the early afternoon and evening. Socialist President Nicolas Maduro's government last week said shopping centers would have to generate their own electricity...

  • BUENOS AIRES, Feb 10- Argentine banks are gearing up for a potential lending boom that could push depressed private credit demand to a 16- year high, bolstered by the reforms undertaken by newly-elected President Mauricio Macri. An end to the 14- year standoff between Argentina and the lenders who refused to participate in the earlier debt restructuring could...

  • Venezuela malls scale back hours as government cuts energy Wednesday, 10 Feb 2016 | 10:25 AM ET

    CARACAS, Venezuela— Shops in malls across Venezuela closed their doors Wednesday afternoon to comply with a government electricity rationing order. Venezuela's socialist government is asking more than 100 malls to close or generate their own power four hours each day, from 1 p.m. to 3 p.m. and from 7 p.m. to 9 p.m.. Venezuela has grappled with blackouts for years,...

  • A close ally of Pena Nieto, Lozoya became Pemex CEO in December 2012, overseeing the company during a momentous energy reform that ended Pemex's decades-long monopoly over the country's oil and gas sectors. "I've given instructions to the new director to make the efficiency and profitability of all Pemex's activities his top priority, with an emphasis on its...

  • Gonzalez Anaya, who holds degrees in economics and mechanical engineering from MIT and a doctorate in economics from Harvard, was previously head of Mexico's Social Security Institute. He has also worked as an economist for the World Bank and at senior positions in Mexico's Treasury Department. He was replaced as social security chief by Mikel Arriola...

  • Americans shunning vacations in Zika zones Monday, 8 Feb 2016 | 1:29 AM ET
    Carnival dancers perform for travellers arriving in the baggage claim area at Guararapes-Gilberto Freyre International Airport on February 4, 2016 in Recife, Pernambuco state, Brazil.

    The Zika virus is discouraging many Americans from traveling to LatAm and the Caribbean, a Reuters/Ipsos poll shows.

  • MEXICO CITY— Mexico's state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight. Petroleos Mexico says via Twitter that the fire on the Abkatun A platform off the coast of the southern state of Campeche was brought under control Sunday morning and the installation was never abandoned.

  • Report: Ford to build auto plant in Mexico Sunday, 7 Feb 2016 | 6:26 PM ET

    NEW YORK— Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to rev up production there. According to The Wall Street Journal, Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City. The move reflects how Mexico has become an attractive place for global carmakers.

  • Venezuelan default: Worse than Argentina? Sunday, 7 Feb 2016 | 1:00 PM ET
    Students take part in a rally against President Nicolas Maduro's government in Caracas on Nov. 21, 2015.

    Markets are bracing themselves for the prospect of a calamitous debt default in Venezuela, which may be worse than Argentina's 2001 crisis.

  • UNITED NATIONS, Feb 6- The United Nations Security Council will hold an emergency meeting on Sunday to discuss the North Korean rocket launch as requested by United States, Japan and South Korea, the U.N. press office said. The closed-door consultations of the 15- nation council on North Korea will take place at 11 a.m. ET, the United Nations said in a statement on...

  • BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri made a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • Investors welcome Argentina's swift offer to holdouts Saturday, 6 Feb 2016 | 12:14 PM ET

    BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri tabled a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • Argentina in $6.5B offer to debt holdouts Saturday, 6 Feb 2016 | 6:13 AM ET
    Argentine peso bills

    Argentina has offered to pay about $6.5bn in cash to US holdouts, in an attempt to put an end to a decade-long legal dispute. The FT reports.

  • NEW YORK/ BUENOS AIRES, Feb 5- Argentina offered a $6.5 billion cash payment to creditors who hold its defaulted bonds on Friday, seeking to end a festering legal battle that transformed the country into a financial markets pariah. The turning point in the decade-long legal fight stemming from Argentina's record default on around $100 billion in 2002 comes less...

  • NEW YORK, Feb 5- Argentina's Finance Secretary Luis Caputo said he was returning to Buenos Aires from New York where he held groundbreaking talks this week with creditors suing the South American country over unpaid debt. Caputo made a proposal earlier on Friday to creditors that, if accepted, could end their decade-long battle in U.S. courts with Argentina and...

  • NEW YORK/ BUENOS AIRES, Feb 5- Argentina made a formal debt payment offer to U.S. creditors who hold its defaulted bonds on Friday, seeking to end a more than decade-long legal battle that transformed the South American country into a financial markets pariah. The offer, which asks creditors to take a reduced payment, followed five days of talks in New York between...

  • BUENOS AIRES, Feb 5- Argentina's new President Mauricio Macri and his finance minister showed "courage and flexibility" in dealing with the country's legal battle with creditors, the U.S. court-appointed mediator in the case said on Friday. Argentine officials in New York for talks with the creditors made a proposal on Friday to end the dispute, mediator Daniel...

  • BUENOS AIRES, Feb 5- Argentina presented a proposal on Friday to creditors to end their battle in U.S. courts over debt the country defaulted on in 2002, the Finance Ministry said in a statement. "The proposal implies a 25 percent cut" of the amount awarded by U.S. courts, the ministry said, after five days of closely watched talks in New York between Finance Secretary...