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World Markets Latin America

  • *Treasury yield curve flattens, Wall Street stocks rise. *Global shares recover after China downgrade. NEW YORK, May 24- Wall Street rose, while the U.S. dollar and bond yields fell on Wednesday after Federal Reserve meeting minutes signaled a gradual approach to interest rate hikes, and oil prices dipped on a draw of U.S. gasoline stocks that was smaller than...

  • BUENOS AIRES, Argentina— Argentine federal agents searched the offices of the Brazilian construction conglomerate Odebrecht in Buenos Aires on Wednesday as part of an investigation into alleged bribes in the granting of construction contracts for a water treatment plant. Federal Judge Sebastian Casanello ordered the raid as part of a probe into the...

  • BUENOS AIRES, May 24- Argentine holding company Corporacion America said on Wednesday it sold two wind farms in the neighboring country of Uruguay to Spanish renewable energy producer Saeta Yield for $230 million. "Through this operation, the group will continue its growth in the energy area in Argentina, focused on gas production in the southern basin of Santa...

  • BUENOS AIRES, May 24- Argentine police searched Brazilian construction firm Odebrecht's Buenos Aires office on Wednesday as part of a graft investigation, the company said in a statement. In that settlement, Odebrecht admitted to bribing officials in 12 countries, including bribes of $35 million in Argentina between 2007 and 2014.. Prosecutors...

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • BRASILIA, May 24- Key members of Brazil's coalition government are struggling to find a consensus candidate to replace President Michel Temer should he be forced from office by a massive corruption probe that has ensnared scores of politicians and business leaders. Temer, a center-right politician, has refused to resign despite allegations he gave his...

  • PARIS, May 24- Carrefour, the world's second-largest retailer, said it had taken a preliminary step towards a possible stock market listing for its Brazilian arm, via the publication of a prospectus for that market flotation. Bernstein analyst Bruno Monteyne said in a research note that a Brazilian initial public offering could add 1- 2 euros to Carrefour's...

  • MEXICO CITY/ NEW YORK, May 24- The newly refurbished Citibanamex branch in Mexico City's affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The facelift reflects Citigroup Chief Executive Michael Corbat's ambition to turn the group's Mexican operation into a "state-of-the-art bank."

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • MEXICO CITY— A major commercial border crossing between the U.S. and Mexico will remain closed this week as a result of damaging winds and rain. U.S. Customs and Border Protection says in a statement that the World Trade Bridge connecting Nuevo Laredo, Mexico, and Laredo, Texas, will hopefully reopen on May 29. Strong winds Sunday afternoon ripped roofing off...

  • The company said Chief Financial Officer Dave Anderson will resign at the end of August, while head of research and development Martin Mackay would retire at the end of the year. Chief Commercial Officer Carsten Thiel will also leave by the end of May, the company said, whose flagship Soliris specialty medication has a U.S. list price of about $480,000 per year.

  • VIENNA, May 23- Mexico supports an extension of OPEC's supply cuts as a way to stabilize oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday. Oil ministers from OPEC and non-member producers meet on Thursday in Vienna. Mexico, which is not in OPEC, has seen its oil industry...

  • VIENNA, May 23- Mexico supports an extension of OPEC's supply cuts as a way to stabilise oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday. Oil ministers from OPEC and non-member producers meet on Thursday in Vienna. Mexico, which is not in OPEC, has seen its oil industry...

  • Brazilian President Michel Temer

    Brazilian President Michel Temer said he would not step down even if he was formally indicted by the Supreme Court.

  • SAO PAULO/ BRASILIA/ NEW YORK, May 22- Brazilian meatpacker JBS SA's stocks and bonds plunged on Monday as investors worried about the legal and financial consequences stemming from its central role in Brazil's latest corruption scandal. The selloff came as holding company J&F Investimentos, controlled by billionaires Joesley and Wesley Batista, resumed...

  • MEXICO CITY, May 22- Mexico revised its official 2017 growth estimate upward on Monday, shortly after government data showed the economy was largely shrugging off fears U.S. The election of Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement and pursue U.S. policies that could hurt the...

  • U.S. Immigration and Customs Enforcement (ICE) Assistant Field Office Director Jorge Field (L), 53, arrests an Iranian immigrant in San Clemente, California, U.S., May 11, 2017.

    Many Hispanic consumers are too scared to spend as they once did, say the business leaders who know them best, the Financial Times reports.

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation over a corruption scandal, said he would not step down even if he was formally indicted by the Supreme Court. But the Chief Justice Carmen Lucia ruled on Monday that the court would not take up the issue of the recording until Brazil's federal police finish their...

  • *U.S. may challenge top beef exporter Brazil in China. CHICAGO, May 19- Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing American farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers are set to face...

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation amid a corruption scandal, will not step down even if he is formally indicted by the Supreme Court, he said in an interview in Folha de S. Paulo, Brazil's largest newspaper, on Monday. The scandal has threatened to tear apart Temer's coalition in Congress and leave Latin...