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Business South America

  • LIMA, Peru _ Compania de Minas Buenaventura SAA on Thursday reported first-quarter net income of $70.7 million. On a per-share basis, the Lima, Peru- based company said it had net income of 28 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAO PAULO— Seven Latin American countries are asking Brazil to share information on the dozens of plea bargains made by executives of Brazilian construction company Odebrecht, and many more could follow soon, a Brazilian prosecutor said Thursday. Vladimir Aras, the head of international cooperation at the attorney general's office, told The Associated...

  • BOGOTA, April 27- A bomb attack early Thursday morning has caused an oil spill and halted the flow of crude along Colombia's second largest oil pipeline, the Cano-Limon Covenas, state oil company Ecopetrol said. The company did not specifically name those responsible for the attacks but the government's chief negotiator at peace talks with the leftist...

  • CARACAS, April 27- The son of Venezuela's pro-government human rights ombudsman has surprised the crisis-struck nation by publicly calling on his father to end "injustice" amid major protests against the leftist administration. The opposition accuses ombudsman Tarek Saab of turning a blind eye to human rights abuses and a lurch into dictatorship by...

  • BRASILIA, April 26- Estácio Participações SA, Brazil's No. 2 for-profit education company, on Wednesday missed profit estimates in the first quarter after higher interest and financial expenses, including depreciation, partially offset stronger operational results. Rio de Janeiro- based Estácio, which is being acquired by larger rival Kroton...

  • LA MATANZA, Argentina, April 26- Billboards in Buenos Aires province's working-class La Matanza district trumpet a soon-to-be completed bus lane alongside the face of the district's mayor, an ally of former populist President Cristina Fernandez. Although it was originally conceived when Fernandez was president, the 2 billion-peso "Metrobus" lane is being...

  • BRASILIA, April 26- Brazil could decide to join the Organisation for Economic Co-operation and Development as soon as next month, officials told Reuters, as President Michel Temer seeks its seal of approval for reforms to Latin America's largest economy. If approved by the OECD Council, Brazil would become the biggest emerging market member of the group and the...

  • MEXICO CITY, April 26- Mexico's peso sank to a more than one-month low on Wednesday on news the administration of U.S. A senior Trump administration official said on Wednesday a draft executive order that would withdraw the United States from NAFTA, that also includes Mexico and Canada, was under consideration, confirming an earlier report from Politico.

  • CARACAS, April 26- Demonstrators injured in Venezuela's often violent street protests are facing additional hardship: how to get treatment in a crisis-hit country where basics like antibiotics and painkillers are running short. Venezuela's state prosecutor says 437 people were hurt in nearly a month of protests against leftist President Nicolas Maduro,...

  • LIMA, Peru _ Cementos Pacasmayo SAA on Wednesday reported first-quarter earnings of $7.1 million. The Lima, Peru- based company said it had profit of 6 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HAVANA, April 26- The Cuban sugar industry has entered the final few weeks of the milling season with output at 1.8 million tonnes of raw sugar, according to provincial media reports, around 20 percent above last years production but less than expected. AZCUBA, the state-run sugar monopoly, said when milling began that it hoped to increase output 30 percent over...

  • SAO PAULO _ Fibria Celulose SA on Wednesday reported first-quarter earnings of $105.3 million. Fibria Celulose shares have decreased nearly 5 percent since the beginning of the year. Keywords: Fibria Celulose, Earnings Report.

  • HOUSTON/ CARACAS, April 25- As political turmoil in Venezuela mounts, oil firms including Norwegian major Statoil ASA and Spain's Repsol SA have further reduced their already-dwindling ranks of expatriate employees in the country, sources familiar with the situation said. Statoil, Repsol and Chevron Corp are among the foreign oil companies that hold...

  • HOUSTON/ CARACAS, April 25- As political turmoil in Venezuela persists, oil firms including Norwegian major Statoil ASA and Spain's Repsol SA have further reduced their already-dwindling ranks of expatriate employees in the country, sources familiar with the situation said. Statoil, Repsol and Chevron Corp are among the foreign oil companies that hold...

  • SAO PAULO, April 25- Global sugar production should jump by 13 million tonnes in the 2017/ 18 crop year as the European Union, India and Thailand increase their outputs, independent consultancy F.O. Licht forecast on Tuesday. World sugar output is expected to reach 190.3 million tonnes compared to 176.9 million tonnes in 2016/ 17, causing the global sugar market...

  • SAO PAULO, April 25- The European Union and South American trade bloc Mercosur should intensify talks to reach a trade agreement this year, Spanish Prime Minister Mariano Rajoy said on Tuesday, urging haste after 18 years of negotiations. Brazilian Foreign Minister Aloysio Nunes said on Tuesday that Mercosur must focus on lowering its internal trade barriers...

  • SAO PAULO, April 25- The Brazilian government is evaluating setting biofuel mandates to fuel distributors with the aim of increasing consumption of renewable fuels and cutting carbon emissions, the countrys biofuels director Miguel de Oliveira said on Tuesday. Hydrous ethanol competes with gasoline as the choice of flexible-fuel vehicle owners in Brazil,...

  • SINGAPORE, April 25- Chicago soybeans lost ground on Tuesday with the market falling from last session's three-week high as rapid U.S. planting weighed on the market. The Chicago Board Of Trade most-active soybean contract fell 0.4 percent to $9.68 a bushel by 0336 GMT. "The crop report released by the U.S. Department of Agriculture showed corn and soybean...

  • SAO PAULO— Grinning in front of the camera, the former CEO of the huge Brazilian builder at the center of the world's biggest corruption scandal spoke frankly about the billions in bribes and illegal financing that the Odebrecht company put into the pockets and campaign coffers of politicians and public officials. "All of this is institutionalized," Emilio...

  • GENEVA, April 24- China has proposed tightening the rules on when countries can impose anti-dumping and anti-subsidy tariffs, saying their use was rising and that such charges were often misused and distorted international trade. The United States told the WTO in 2014 that China had 30 undeclared fisheries support programmes, and it has repeatedly demanded...