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  • HONG KONG, July 30- Fosun Group said on Saturday it has agreed to buy Brazilian fund manager Rio Bravo Investimentos, in the Chinese conglomerate's first acquisition in Latin America. Fosun did not disclose the value of the deal, but said in a statement that it expects to take advantage of the "exceptional period of change and economic renewal" taking place not only...

  • BUENOS AIRES, Argentina— The Renault-Nissan Alliance says it will invest $800 million in Argentina. About $600 million from the investment will go toward launching a first line of fabrication for some 70,000 pickups, including Nissan's NP300 Frontier and Renault's Alaskan. The car-making alliance will also invest $100 million in the production of...

  • SAO PAULO, July 29- Brazil's former President Luiz Inacio Lula da Silva and the former chief executive of investment bank Grupo BTG Pactual SA will stand trial for obstruction of justice, documents from a federal court in Brasilia showed on Friday. The case dates to last November, when former Senator Delcidio do Amaral and Andre Esteves, the founder and former CEO...

  • BUENOS AIRES, July 29- The presidents of Argentina and Mexico agreed to deepen a pre-existing commercial accord on Friday, in a bid to set the groundwork for a bilateral free trade agreement. "Starting from the deepening of the ACE 6, we hope to have a free-trade agreement next year," Argentine President Mauricio Macri said at the Argentina-Mexico Economic Forum...

  • SAO PAULO/ MEXICO CITY, July 29- The Brazilian real strengthened on Friday, closing 1.63 percent higher against the dollar as the country's central bank refrained from intervening to curtail a rally triggered by lower expectations of U.S. rate increases this year. Also boosted by the U.S. data, the Mexico peso gained 0.69 percent to close at 18.76 pesos per dollar.

  • Since debuting to wild adulation in the U.S., Australia and New Zealand this month, the game from Google spinoff Niantic Inc. has spread like wildfire, launching in more than 30 countries or territories— but not Brazil. Even Rio Mayor Eduardo Paes went to Facebook to urge Niantic investor Nintendo to release the game in Brazil. One video circulating virally, with...

  • SAO PAULO, July 29- Brazil's ex President Luiz Inacio Lula da Silva and the former chief executive of investment bank Grupo BTG Pactual SA will stand trial for obstruction of justice, documents from a federal court in Brasilia showed on Friday. The case dates to last November, when former Senator Delcidio do Amaral and Andre Esteves, the founder and former CEO of...

  • *Statoil hopes Carcará will replace Norway output in 2020 s. RIO DE JANEIRO/ OSLO, July 29- Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan and repair its battered finances. Petrobras Chief...

  • RIO DE JANEIRO, July 29- Ambev SA, a subsidiary of beverage company Anheuser Busch Inbev SA, missed quarterly profit estimates and gave up on expanding sales in Brazil this year, sending its shares to their lowest point in nearly seven months. The company is likely to struggle for the next two quarters as Brazil grapples with its worst recession in eight decades,...

  • OSLO, July 29- Norway's Statoil agreed on Friday to buy Petrobras' stake in an exploration licence off Brazil for $2.5 billion, a rare deal in an oil industry struggling with low prices. The purchase of the 66 percent stake from Brazil's state-led Petroleo Brasileiro SA will help Statoil secure future production as output from its mature fields declines.

  • SAO PAULO _ BRF SA on Thursday reported second-quarter earnings of $8.8 million. On a per-share basis, the Sao Paulo- based company said it had net income of 1 cent. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAO PAULO _ Embraer SA on Friday reported a second-quarter loss of $99.4 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Embraer shares have declined 28 percent since the beginning of the year.

  • Peruvian presidential candidate Pedro Pablo Kuczynski (R) of the 'Peruanos por el Kambio' (PPK-Peruvians for Change) party, flanked by his wife Nancy Lange, makes a victory announcement in Lima on June 9, 2016.

    Pedro Pablo Kuczynski took office as Peru's president on Thursday, asking the opposition-controlled Congress to help him fight income inequality.

  • SANTIAGO, Chile _ Banco Santander-Chile on Friday reported second-quarter earnings of $175.3 million. Banco Santander-Chile shares have climbed 15 percent since the beginning of the year. Keywords: Banco Santander-Chile, Earnings Report.

  • SAO PAULO _ Ambev SA on Friday reported second-quarter net income of $582.4 million. The Sao Paulo- based company said it had profit of 4 cents per share. Ambev shares have climbed 32 percent since the beginning of the year.

  • LIMA, July 28- Failure to ratify the U.S.-led sweeping trade pact TPP would hand China "the keys to the castle" on globalization and do nothing to solve the real problems underlying American anxiety over jobs, the top U.S. trade official said Thursday. Trade Representative Michael Froman said he was still optimistic Congress would pass the 12- member TPP, in part...

  • PORT OF SPAIN- Central Bank of Trinidad and Tobago holds its policy meeting. JOHANNESBURG- South African Finance Minister Pravin Gordhan speaks at the launch of an initiative by EOH and Radio 702 that aims "to provide solutions to South Africa's skills development challenges"- 0430 GMT. LUANDA- Bank of Angola interest rate decision- 1600 GMT.

  • LIMA, July 28- Pedro Pablo Kuczynski took office as Peru's president on Thursday, asking the opposition-controlled Congress to help him fight income inequality and ensure all Peruvians have access to running water, health care and free primary education. The 77- year-old Oxford-educated former investment banker, deemed "elitist" by opponents in last month's...

  • SAO PAULO, July 28- Shares in Banco Bradesco SA sank on Thursday as a grimmer outlook for loan-loss provisions this year reignited concerns that a harsh recession and a deluge of refinancing requests may hamper profits at Brazil's No. 3 listed lender. The Osasco, Brazil- based bank earned recurring net income of 4.161 billion reais last quarter, below the...

  • SAO PAULO, July 27- The public federal prosecutor in the Brazilian state of Amazonas said on Wednesday the court there froze 38 million reais of funds held in Facebook Inc's account for failing to comply with a court order to supply data on users of the company's WhatsApp messaging service who are under criminal investigation. In the most recent decision, the...