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  • QUITO, Ecuador— Ecuador has paid a $112 million arbitration award to Chevron Corp stemming from a 1990 s-era oil contract dispute. President Rafael Correa had threatened to withhold payment and accused the oil giant of seeking revenge for losing an unrelated drilling contamination case in which an oil consortium headed by Texaco was ordered by Ecuadorean...

  • SAO PAULO, July 22- Goldman Sachs Group Inc will invest 600 million reais in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession since the 1930 s, a company executive said on Friday. The self storage business is growing in Brazil, despite the recession. Metrofit's competitors GuardeAqui, controlled by Sam...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • *Arrests in Brazil raise risk aversion. Treasury long-dated debt yields fell from multi-week highs on Thursday, tracking declines in U.S. equities, as risk aversion crept back into the market with earnings disappointment at U.S. tech company Intel and news of arrests over an alleged terror plot in Brazil. Treasury prices also attracted bids on news that Brazil...

  • SAO PAULO/ LIMA, July 21- Lenders could accelerate the disbursement of a $4.125 billion loan to Peruvian gas pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian engineering group Odebrecht SA fully exits the project overseeing the construction of the pipelines, three people familiar with the matter said on Thursday. Odebrecht, which is ensnared in a...

  • MILAN, July 21- The United States will ship its first liquefied natural gas cargo through an expanded Panama Canal next week. A day later BP Plc's British Merchant will begin passing through the Panama Canal also carrying cargo from the United States to Manzanillo on Mexico's Pacific coast, Kpler LNG said. The Panama Canal Authority confirmed the Maran Gas...

  • July 21- Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. "Given how fragile the global economy is nearly eight years after the start of the global financial crisis,...

  • THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT. MONDAY, JULY 25 JERUSALEM- Bank of Israel interest rate decision- 1300 GMT.

  • BRASILIA, July 20- Brazil's central bank kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as a new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms. In a longer and more detailed decision statement than in the past, the central bank said its...

  • BRASILIA, July 20- Brazil kept interest rates on hold for the eighth straight time on Wednesday as expected, in the first decision of a new central bank board that said it was too soon to cut rates despite a crippling recession. "The text format changed completely, but the main message remained the same: The conditions for interest rate cuts are not there yet and it...

  • BOGOTA, Colombia— Truckers have clashed with police in Colombia's capital as part of a strike now in its sixth week. The demonstrators took control of a street Wednesday with the intention of disrupting Independence Day festivities underway in downtown Bogota. The strike has led to major disruptions in the distribution of food across Colombia with several...

  • SAO PAULO, July 20- Large private and foreign groups will displace Brazil's state-led power companies in upcoming energy auctions, causing consumer electricity bills to rise as the BNDES development bank cuts long-standing loan subsidies for the domestic industry. Analysts say greater participation of foreign investors and lenders will make Brazil's...

  • NEW YORK— Spooked by headlines about Zika, terrorism and mass shootings? Standard travel insurance may cover trip cancellations if a terror attack takes place shortly before your arrival, according to Rachael Taft of SquareMouth.com, a travel insurance comparison site. For example, depending on the policy, insured travelers cancelling trips to Nice, France,...

  • July 20- From the heart of the U.S. big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. Farms in the United States, the Black Sea region, Europe and Australia have had bumper harvests, which are likely to push global...

  • July 20- From the heart of the U.S. big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. Farms in the United States, the Black Sea region, Europe and Australia have had bumper harvests, which are likely to push global...

  • WEDNESDAY, JULY 20 BEIJING- World Bank Group President Jim Yong Kim to visit China. THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT.

  • SAO PAULO, July 19- Brazil's telecommunications industry watchdog Anatel proposed on Tuesday a list of four candidates to become the in-court administrator of phone carrier Oi SA, which last month filed for the nation's biggest-ever reorganization. Brasilia- based Anatel picked Alvarez& Marsal Holdings LLC, BDO LLP, Deloitte& Touche LLP and...

  • Federal Supreme Court President Ricardo Lewandowski said in a decision that it seemed "scarcely reasonable or proportional" for a judge in Rio de Janeiro state to have ordered the indefinite suspension of the messaging app until it revealed encrypted messages pertaining to a confidential case. Still, the criminal judge left some 100 million Brazilian users...

  • SAO PAULO, July 19- Brazil's state-controlled Petróleo Brasileiro SA is inclined to restart the process of selling part of BR Distribuidora SA, a source with direct knowledge of the matter said, as a recent bidding round put a low price tag on the fuel distribution unit. The three bidders were global energy and commodity trading company Vitol BV and...

  • SAO PAULO, July 19- A Brazilian judge ordered an indefinite suspension of Facebook Inc's WhatsApp on Tuesday after it failed to cooperate in a criminal investigation, the third such incident involving the popular phone messaging app since December. The office of Judge Daniela Barbosa Assunção de Souza in the state of Rio de Janeiro said the order, affecting...