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Business South America

  • If Moreno is forced into a second round, analysts expect Ecuador's fractured opposition to coalesce around Lasso amid an economic downturn and corruption scandals in OPEC's smallest member state. That would further bolster the right in South America, after Argentina, Brazil and Peru all shifted away from leftist rule in the past 18 months as a commodities...

  • RIO DE JANEIRO, Feb 19- The largest shareholders of Vale SA have decided to dissolve an investment holding company through which they controlled the world's biggest iron ore producer for 20 years, newspaper O Globo reported on Sunday. The partners in Valepar SA, as the holding company is known, include Bradespar SA, Mitsui& Co., several Brazilian state-run pension...

  • If Moreno is forced into a second round, analysts expect Ecuador's fractured opposition to coalesce around Lasso amid an economic downturn and corruption scandals in OPEC's smallest member state. That would further bolster the right in South America, after Argentina, Brazil and Peru all shifted away from leftist rule in the past 18 months as a commodities...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • The agreement was signed on Thursday by top prosecutors from Brasil, Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and one European country, Portugal. Odebrecht said it paid $439 million outside Brazil, with the largest bribe admissions abroad in Venezuela, the Dominican Republic and Panama. Brazilian prosecutors...

  • SAO PAULO _ Gol Linhas Aereas Inteligentes SA on Friday reported a loss of $9.2 million in its fourth quarter. On a per-share basis, the Sao Paulo- based company said it had a loss of 26 cents. For the year, the company reported net income of $317.9 million, or $9.15 per share, swinging to a profit in the period.

  • WASHINGTON— President Donald Trump and a leading Republican are highlighting a key fact about labor secretary nominee Alexander Acosta: He has been confirmed three times by the Senate. Acosta's nomination is off to a good start because he's already been confirmed by the Senate three times, "said Sen. Lamar Alexander, R- Tenn., the chairman of the Senate panel that...

  • SINGAPORE- Federal Reserve Bank of Cleveland President Loretta Mester speaks on "View From the Federal Reserve" before the Global Interdependence Center "Central Bank Series: Singapore" event- 0115 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland...

  • SARASOTA, United States- Federal Reserve Bank of Chicago Executive Vice President and Director of Research Daniel Sullivan will speak on the economic outlook before a Central Banking Series event hosted by the Global Interdependence Center in Sarasota. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari...

  • SARASOTA, United States- Federal Reserve Bank of Chicago Executive Vice President and Director of Research Daniel Sullivan will speak on the economic outlook before a Central Banking Series event hosted by the Global Interdependence Center in Sarasota. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari...

  • ROSARIO, Argentina, Feb 16- When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. Increasing congestion on the Parana, which carries 80 percent of Argentina's grains exports, could hamper President Mauricio Macri's efforts to...

  • GUAYAQUIL/ QUITO, Ecuador, Feb 16- An ally of Ecuador's leftist President Rafael Correa and a conservative ex-banker are battling to become the next president in Sunday's election in the face of corruption scandals and a lackluster economy. A Lasso victory would intensify the return of the right in South America, where Argentina, Brazil and Peru have all shifted...

  • QUITO, Feb 16- An ally of leftist President Rafael Correa and a conservative ex-banker are battling to become Ecuador's next president in Sunday's election amid corruption scandals and a lackluster economy. Lasso has promised to slash taxes, foster foreign investment and remove Wikileaks founder Julian Assange from the country's embassy in London, where he...

  • SAO PAULO, Feb 16- Banco do Brasil SA expects profit to surge this year, a sign the nation's largest state-controlled bank is reaping the benefits of Chief Executive Officer Paulo Rogêrio Caffarelli's steps to reprice older credits and toughen loan risk standards. The Brasilia- based lender on Thursday unveiled operational targets for this year that...

  • ROSARIO, Argentina, Feb 16- When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. Increasing congestion on the Parana, which carries 80 percent of Argentina's grains exports, could hamper President Mauricio Macri's efforts to...

  • CARACAS, Feb 16- On a recent Sunday morning, several hundred Catholic worshippers were at Mass inside a hillside church of a poor Caracas neighborhood when there was a sudden commotion at the back. "Some people were scared, obviously, but no one was hurt," recounted Luis Arias, 67, a catechism teacher at the San Pedro Claver church in the "23 De Enero" community, long an...

  • SAO PAULO, Feb 16- Banco do Brasil SA expects profit to surge this year, a sign the nation's largest state-controlled bank is reaping the benefits of Chief Executive Officer Paulo Rogêrio Caffarelli's steps to reprice older credits and toughen loan risk standards. The Brasilia- based lender unveiled operational targets for this year on Thursday that...

  • BUENOS AIRES, Argentina _ Banco Macro SA on Wednesday reported net income of $109.7 million in its fourth quarter. The bank, based in Buenos Aires, Argentina, said it had earnings of $1.88 per share. Banco Macro shares have risen 33 percent since the beginning of the year.

  • If confirmed by the Senate, Acosta would be the first Hispanic member of Trump's Cabinet. Trump and key Republicans highlighted a key detail in Acosta's resume: He has won unanimous Senate confirmation three times— to a seat on the National Labor Relations Board, as the head of the Justice Department's Civil Rights Division and as U.S. attorney in Miami.