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Business South America

  • SAO PAULO, July 23- A trading firm owned by Agriculture Minister Blairo Maggi's family has been the biggest winner from Brazil's corn subsidies this year, underscoring the tensions between the billionaire farm magnate's political responsibilities and his investments. Traders say Brazil's centre-right government raised eyebrows with a decision to start...

  • CARACAS, July 22- A young Venezuelan violinist who has become one of the best-known faces of protests against President Nicolas Maduro was injured on Saturday in violent clashes in Caracas. Clashes ensued for several hours as hundreds of masked youths hurled stones and Molotov cocktails at National Guard troops firing tear gas from motorcycles.

  • CARACAS, July 22- A violinist who has become one of the best-known faces of protests against Venezuelan President Nicolas Maduro was injured on Saturday in violent clashes in Caracas. Clashes ensued for several hours as hundreds of masked youths hurled stones and Molotov cocktails at National Guard troops firing tear gas from motorcycles.

  • CARACAS, July 22- A Venezuelan violinist who has become one of the best-known faces of protests against President Nicolas Maduro was injured on Saturday in violent clashes in Caracas. The Democratic Unity coalition had called a march on the pro- Maduro Supreme Court in support of alternative magistrates appointed by the opposition on Friday.

  • CARACAS, July 22- Venezuelan soldiers on motorbikes fired teargas at hundreds of masked and stone-throwing youths in Caracas on Saturday during the latest protest against President Nicolas Maduro. The Democratic Unity coalition had called a march on the pro- Maduro Supreme Court in support of alternative magistrates appointed by the opposition on Friday.

  • MENDOZA, Argentina, July 21- The members of South America's Mercosur trade bloc inked a trade deal with Colombia on Friday to allow limited quantities of tariff-free trade in products including automobiles, textiles and agrochemicals, Argentina's and Colombia's governments said. The deal, reached during a summit in Mendoza, Argentina between Mercosur...

  • CARACAS, July 21- Venezuela's opposition-led congress on Friday appointed alternative judges to the country's Supreme Court, whose current pro-government members have been a bedrock of support for leftist President Nicolas Maduro. "We're not backing down, Venezuela will have a Supreme Court of Justice and institutions at the service of the people and not at...

  • LIMA 33, Peru _ Cementos Pacasmayo SAA on Thursday reported second-quarter net income of $6.5 million. On a per-share basis, the Lima 33, Peru- based company said it had profit of 8 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CARACAS, July 21- Venezuela's opposition-led congress on Friday appointed alternative judges to the country's Supreme Court, whose current pro-government members have been a bedrock of support for leftist President Nicolas Maduro. Critics hold that the current Supreme Court justices were named illegally by the ruling Socialist Party and rushed in...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear would consolidate dictatorship in the OPEC country. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will consolidate dictatorship in the OPEC country. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield...

  • BUENOS AIRES, July 20- Argentina on Thursday suspended a tax on foreigners' capital gains, just two days after it had been announced, after market participants complained the surprise move was inconsistent with President Mauricio Macri's pro-market agenda. In a notice in Argentina's official gazette on Thursday, tax collection agency AFIP said the 13.5...

  • The arrangement with Venezuela's state-owned oil firm, PDVSA, has drawn fire from U.S. senators who do not want Russia in a position to own a substantial stake of U.S.-based energy assets in potential violation of existing economic sanctions. President Donald Trump threatened to impose "strong economic actions" on Venezuela unless embattled leftist...

  • SAO PAULO, July 20- Canada's Brookfield Asset Management Inc is in talks with Odebrecht SA to buy seven Brazilian highways operated by the conglomerate's transportation unit, two sources with knowledge of the matter said on Thursday. One of the largest is the Rota das Bandeiras, in Sao Paulo, Brazil's richest state. The conglomerate, as part of a $3.5 billion...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will consolidate dictatorship in the OPEC country. as he manned a roadblock on a Caracas thoroughfare that was devoid of traffic.

  • LIMA, July 20- The government President Pedro Pablo Kuczynski said on Thursday it has resolved bureaucratic issues that had delayed construction of a $5.66 billion metro line in the capital Lima and a $1.5 billion expansion of the country's main airport. Transportation Minister Bruno Giuffra said on local radio and TV station RPP that work on Line 2 of the...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will institute dictatorship. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield emblazoned with "No To...

  • A senior administration official said this week that "all options are being discussed and debated," implying that Trump could use Venezuela's dependence on oil exports to the U.S. as a means of pressuring Maduro to halt the July 30 constitutional assembly. Oil-rich Venezuela has been plunged into political and economic turmoil as petroleum prices plummet,...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand a presidential election and the abandonment of a plan for a new congress they fear would institute dictatorship. From the Andes to the Amazon, many businesses shut as the majority-backed opposition staged a 24-...

  • CARACAS, July 20- Many Venezuelan streets were deserted and barricaded on Thursday for a strike called by foes of President Nicolas Maduro to demand a presidential election and the abandonment of a plan for a new congress they fear would institute a dictatorship. Many businesses were staying shut as the opposition organized a 24- hour national shutdown from 6...