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World Markets Latin America

  • BUENOS AIRES/ TORONTO, March 30- Argentina's San Juan province ordered Barrick Gold Corp to suspend some activities at its Veladero mine after a pipe carrying gold-bearing solution ruptured on the leach pad, state-run news agency Telam reported on Thursday. A spokesman for Barrick said the Toronto- based company was confirming its understanding of the order.

  • MEXICO CITY— Mexico's central bank says it has raised its benchmark interest rate by a quarter-point to 6.50 percent, in a bid to contain rising inflation. The Bank of Mexico announced the hike from the previous 6.25 percent on Thursday, after the country recorded a 5.29 percent annual inflation rate in the first half of March. The peso had fallen as low as 22 to $1 in...

  • SAO PAULO, March 30- Odebrecht SA, the family-controlled engineering conglomerate ensnared in Brazil's worst corruption scandal ever, is considering going public once it finalizes a thorough overhaul of corporate governance practices, a senior executive told Reuters on Thursday. Odebrecht is the largest of Brazilian building groups accused of colluding...

  • Stock markets everywhere have rallied so far in 2017, with Wall Street hitting record highs on hopes that the U.S. administration will usher in financial deregulation and sweeping tax cuts. Many are now arguing that markets have become too reluctant to consider several key risks, including potentially-disruptive elections in Europe and no guarantees that...

  • SAN SALVADOR, El Salvador— El Salvador's congress has approved a total ban on the mining of metals in the country, one of the first to enact such a broad ban. But the bill passed Wednesday in El Salvador would not allow any underground, above-ground or artisanal mining for metals. Human rights prosecutor Raquel Guevara called it "a historic day for El Salvador."

  • InvestaBank halted the deal, announced at the end of October, after Carlos Djemal, a 25 percent stakeholder, was arrested in the United States and accused of laundering more than $100 million. Edgar Bonilla, vice president of legal affairs for the National Banking and Securities Commission, said in an interview that during the inspection of the bank, the...

  • CARACAS, March 29- Venezuela has arrested a senior manager of state oil company PDVSA on suspicion of "irregularities" in contracts to supply fuel to the domestic market, authorities said on Wednesday. President Nicolas Maduro's socialist government and Petróleos de Venezuela, S.A., familiarly known as PDVSA, have repeatedly vowed to take steps to combat...

  • CARACAS, Venezuela— Venezuelan officials say they've arrested a senior manager at the state oil company on corruption charges at a moment when the oil-rich country is struggling with fuel shortages. The chief prosecutor's office says on its webpage Wednesday that international commerce manager Marco Antonio Malave is accused of conspiring with...

  • In recent days, discount sites such as airfarewatchdog.com have highlighted round trips including San Francisco- Copenhagen, Los Angeles- Stockholm and New York- Barcelona for under $400 and New York- Tel Aviv, Chicago- Bangkok and Los Angeles- Manilla for under $650 for travelers who can avoid the peak summer season. "What it boils down to is, be respectful and be...

  • CARACAS/ HOUSTON, March 29- Venezuelan state oil company PDVSA on Wednesday confirmed reports of a crude spill from a pipeline connecting its main oil-exporting complex with a tanker loading facility, but said shipments have not been affected. PDVSA said the spill occurred late on Tuesday due to a break in the line running from a crude terminal to a single buoy...

  • SAO PAULO, March 29- Gerdau SA, the largest steelmaker in the Americas, has agreed to create a long steel joint venture in Colombia with Putney Capital Management amid efforts to cut debt and boost returns. Under terms of the venture, which were unveiled in a Wednesday securities filing, Porto Alegre, Brazil- based Gerdau will sell half of its stake in a Colombian mill,...

  • BANGKOK— The former head of Thailand's tourism promotion board was sentenced on Wednesday to 50 years in prison for accepting $1.8 million in bribes from two Hollywood producers to let them organize the Bangkok International Film Festival a decade ago. A U.S. federal court in 2010 sentenced filmmakers Gerald and Patricia Green to six months in prison after...

  • LIMA, March 28- A Boeing jet operated by Peruvian Airlines caught fire on Tuesday while landing at an airport near the Andean town of Jauja in central Peru after it swerved on the runway, but there were no serious injuries, a government minister said. Peruvian Airlines said in a statement that the Boeing 737-300 jet drove off the runway for unspecified reasons...

  • LIMA, March 28- A Boeing jet operated by Peruvian Airlines caught fire on Tuesday while landing at an airport near the Andean town of Jauja in central Peru after it swerved on the runway, but there were no serious injuries, a government minister said. Peruvian Airlines said in a statement that the Boeing 737-300 jet drove off the runway for unspecified reasons...

  • LIMA, March 28- A Boeing jet operated by Peruvian Airlines caught fire on Tuesday while landing at an airport near the Andean town of Jauja in central Peru after it swerved on the runway, but there were no serious injuries, a government minister said. Peruvian Airlines said in a statement that the Boeing 737-300 jet drove off the runway for unspecified reasons...

  • LIMA, March 28- A Boeing jet operated by Peruvian Airlines caught fire on Tuesday while landing at an airport near the Andean town of Jauja in central Peru after it swerved on the runway, but there were no serious injuries, a government minister said. Peruvian Airlines said in a statement that the Boeing 737-300 jet drove off the runway for unspecified reasons...

  • MANAGUA, Nicaragua— Nicaragua's Supreme Court has rejected a farmer group's appeal seeking to block a proposed $50 billion interoceanic canal. President Daniel Ortega's government says a canal would create tens of thousands of jobs and stimulate the poor Central American nation's economy. The farmers group criticized the ruling and announced another...

  • A U.S. Customs and Border Protection agent asks for documents from a truck driver coming from Mexico into the United States at the Otay Mesa port of entry in San Diego, California.

    The White House is preparing two orders that would put its trade agenda into motion, according to an administration official.

  • MEXICO CITY— Mexican mining and rail conglomerate Grupo Mexico said Tuesday that it has reached an agreement to buy Florida East Coast Railway Holdings Corp. for $2.1 billion. The transaction will be financed by $350 million in Grupo Mexico funds and $1.75 billion in debt. The Jacksonville- based company finished construction of an overseas railway to Key...

  • BRASÍLIA, March 28- Hong Kong said on Tuesday it has lifted a ban on the import of Brazilian meat, removing one of the last blanket bans by a major importer, but strong words from an EU commissioner visiting Brazil suggests the scandal over health standards is not over yet. "A suspicion of corruption is unacceptable," Vytenis Andriukaitis, EU commissioner for health...