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World Markets Latin America

  • SANTIAGO, May 29- The U.S. government is auditing a foreign aid program that loaned almost $1 billion to renewable energy projects in Chile including solar farms in such deep financial trouble that the loans may never be fully repaid, according to people familiar with the matter. The Office of Inspector General for the U.S. Agency for International Development...

  • SAO PAULO, May 28- Brazilian federal prosecutors on Sunday made a new offer to JBS SA's controlling shareholder, J&F Investimentos, that it pay a 10.99 billion real fine for its role in massive corruption scandals. Negotiations on the leniency deal fine follow bombshell state's witness testimony from J&F's owners Joesley and Wesley Batista that they spent 600...

  • SAO PAULO, May 28- Brazilian federal prosecutors on Sunday made a new offer to JBS SA's controlling shareholder, J&F Investimentos, that it pay a 10.99 billion real fine for its role in massive corruption scandals. Negotiations on the leniency deal fine follow bombshell state's witness testimony from J&F's owners Joesley and Wesley Batista that they spent 600...

  • SAO PAULO/ CUIABÁ, May 26- An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world's largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying cattle for cash and producers reluctant...

  • May 26- Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV, the Mexican wireless tower company that he controls, people familiar with the matter said on Friday. It competes with American Tower Corporation in Mexico. "We see little progress in third-party usage of Telesites' towers," Itau BBA analyst Gregorio Tomassi said in a May 3...

  • CARACAS, May 26- In the mountains above Caracas, two government officials often stand watch over the antennas of TV news network Globovision, poised to take it off air if regulators object to coverage of anti-government protests, according to two station employees. In contrast to past waves of unrest in Venezuela, particularly during Hugo Chavez's 1999-2013...

  • Opposition supporters set up a burning barricade during clashes with security forces at a rally against Venezuela's President Nicolas Maduro in Caracas, Venezuela May 20, 2017.

    The country's ability to keep making payments may be "in doubt," but its willingness is "strong," says one analyst.

  • BOGOTA, May 26- Colombia's central bank lowered the benchmark interest rate by 25 basis points to 6.25 percent on Friday to boost a slowing economy, as had been expected by the majority of analysts in a Reuters survey.

  • MEXICO CITY, May 25- Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said. Over the last few years Giant Motors and Moldex have developed and sold 500 light-weight, electric cargo trucks capable of handling up...

  • COCHASQUI, Ecuador, May 25- Ecuador's new leftist president, Lenin Moreno, said on Thursday he had reached out to the World Bank- an organization scorned by his predecessor- in a bid for financing that could help him fund ambitious social programs. "We've started to reach out to the World Bank, it's an excellent source of financing," said Moreno, who was sworn in on...

  • BRASILIA, May 25- Brazilian President Michel Temer on Thursday removed federal troops from the streets of the nation's capital, a day after sending in the army to contain violent protests against his scandal-plagued government. Temer's decision to send armed soldiers to Brasilia on Wednesday provoked an outpouring of criticism in a country with raw...

  • Facebook CEO Mark Zuckerberg gave a commencement speech at Harvard University on Thursday, 12 years after dropping out to focus on what's now the world's biggest social network. If I get through this speech, it'll be the first time I actually finish something at Harvard. How many of you remember exactly what you were doing when you got that email telling you that...

  • CUIABÁ, Brazil, May 25- Shares in JBS SA, the world's largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 percent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago and leading gains on the benchmark...

  • BRASILIA, May 25- Brazilian President Michel Temer on Thursday removed federal troops from the streets of the nation's capital, a day after sending in the army to contain violent protests against his scandal-plagued government. Temer's decision to send armed soldiers to Brasilia on Wednesday provoked an outpouring of criticism in a country with raw...

  • SANTIAGO, May 25- Italian infrastructure company Astaldi is looking to expand into Argentina, the company's chairman said on Thursday, as it vies for contracts in a massive government infrastructure push. "We are very much interested in Argentina," said Astaldi. Astaldi added that the company was interested in ambitious proposals to connect Argentina and Chile...

  • SAO PAULO, May 25- Most Latin American currencies traded sideways on Thursday after the Federal Reserve dialed down some expectations that it would hike interest rates rapidly, while political uncertainty weighed on Brazilian markets. Also fostering caution in Brazilian markets was growing political turmoil resulting from a scandal in which President...

  • VIENNA, May 25- Venezuela is considering several options to repay its debts, the oil minister said on Thursday, after a deep recession and low crude prices hit output and prompted Caracas to seek funds from China and Russia. Oil minister Nelson Martinez, speaking at a meeting of the Organization of the Petroleum Exporting Countries, said his country was producing...

  • NEW YORK— Mark Zuckerberg returned Thursday to Harvard, where he launched Facebook and then dropped out, telling graduates it's up to them to bring purpose to the world, fight inequality and strengthen the global community. He shared stories about graduates such as David Razu Aznar, a former city leader who led the effort to legalize gay marriage in Mexico City,...

  • *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...