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  • BRASILIA, Feb 11- Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday. Iran, which is boosting oil output after the end of sanctions over its nuclear program, is interested in exporting oil to...

  • Brazil court freezes Vale, BHP, Samarco assets -report Thursday, 11 Feb 2016 | 7:00 PM ET

    RIO DE JANEIRO, Feb 11- A judge in Brazil's state of Minas Gerais has frozen 470 million reais of assets owned by Vale SA and 1.8 million reais linked to BHP Billiton Ltd to ensure payment of damages related to a deadly dam rupture, Rio de Janeiro's O Globo newspaper said on Thursday. A tailings dam at Samarco Mineração SA's main iron ore mine burst in early November,...

  • NEW YORK, Feb 11- A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why an order that restricted it from servicing its restructured debts should not be vacated after the country's $6.5 billion offer to settle the dispute. District Judge Thomas Griesa in Manhattan gave bondholders until mid-February to show cause why...

  • MEXICO CITY, Feb 11- A global selloff of riskier assets drove the Mexican peso to a record low on Thursday, spurring bets that the central bank of Latin America's No. 2 economy could hike interest rates ahead of the United States. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods.

  • BUENOS AIRES, Argentina— Argentine president Mauricio Macri is meeting with powerful union leaders to discuss their growing demands for salary hikes amid one of the world's highest inflation rates. The government has been offering salary hikes of up to 25 percent in line with this year's inflation forecast. On Tuesday, he admitted that it would take between...

  • WASHINGTON, Feb 11- The World Bank on Thursday approved $2.5 billion in new three-year credit lines for Peru to bolster the country's finances as it struggles with slowing growth and fiscal pressures brought on by the collapse of commodities prices. The World Bank said the two facilities approved by its executive board, each for $1.25 billion, are contingency...

  • WASHINGTON, Feb 11- The World Bank on Thursday approved $2.5 billion in new three-year credit lines for Peru to bolster the country's finances as it struggles with slowing growth and fiscal pressures brought on by the collapse of commodities prices. The World Bank said the two facilities approved by its executive board, each for $1.25 billion, are contingency...

  • MEXICO CITY, Feb 11- The Mexican peso slumped to a record low on Thursday while Colombia's peso also hit its weakest level ever as investors dumped riskier assets around the world. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods. Colombia's peso shed more than 1.4 percent to...

  • Bleisure: Zika casts a pall on some company getaways Thursday, 11 Feb 2016 | 3:13 PM ET

    A trip to a resort in the Dominican Republic was intended "to get everybody in the same location" for team-building, R&R and casual facetime, said Parse.ly CEO Sachin Kamdar. "We did end up hitting that target," Kamdar said, and the Dominican Republic was chosen as the destination. "But we found out a couple of weeks after booking that the Zika virus was spreading very...

  • BRASILIA, Feb 11- Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday.

  • Brazil police arrest ex-president of construction company Thursday, 11 Feb 2016 | 12:57 PM ET

    SAO PAULO— Brazilian police have arrested the former president of construction giant Andrade Gutierrez for his suspected role in a bribery scandal involving the state-owned company that operates Brazil's two nuclear power plants. He was arrested in June 2015 and released into house arrest on Feb. 5. Prosecutors have said that Andrade Gutierrez and other...

  • 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.