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Business South America

  • SAO PAULO, Feb 23- Brazilian police made two arrests and carried out 15 search warrants in the state of Rio de Janeiro on Thursday in the latest phase of a sweeping investigation into corruption at state-run oil company Petroleo Brasileiro SA. The sprawling, three-year-old graft probe, named Operation Car Wash after its origins at a gas station in the capital...

  • SAO PAULO, Feb 23- Twitter Inc has found a bright spot in Brazil, Latin America's largest economy, even as weak advertising sales across the globe have punished the social network's stock in recent weeks. Advertising revenue rose about 30 percent in Brazil last year, Twitter's top executive in the country told Reuters, defying a two-year slowdown in the local...

  • FORT WORTH, United States- Dallas Fed President Robert Kaplan participates in a moderated Q&A session hosted by the Tarrant County Bankers Association- 1800 GMT. LONDON- ECB Board Member Peter Praet to deliver a keynote speech at the "Brexit and the implications for financial services" conference- 0855 GMT. LONDON- ECB Board Member Peter Praet to give...

  • FORT WORTH, United States- Dallas Fed President Robert Kaplan participates in a moderated Q&A session hosted by the Tarrant County Bankers Association- 1800 GMT. LONDON- ECB Board Member Peter Praet to deliver a keynote speech at the "Brexit and the implications for financial services" conference- 0855 GMT. LONDON- ECB Board Member Peter Praet to give...

  • BRASILIA, Feb 22- Brazil's central bank maintained its pace of interest rate cuts as expected on Wednesday, but signaled policymakers could step up monetary easing in an attempt to pull the economy out of its worst recession ever. In a unanimous vote, the bank's 9- member monetary policy committee, known as Copom, cut its benchmark Selic rate by 75 basis points for...

  • BRASILIA, Feb 22- Brazil's central bank maintained its pace of interest rate cuts as expected on Wednesday, but signaled policymakers could step up monetary easing in an attempt to pull the economy out of its worst recession ever. In a unanimous vote, the bank's 9- member monetary policy committee, known as Copom, cut its benchmark Selic rate by 75 basis points for...

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell money-losing Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to years of massive losses. Including debt, the deal gives CSA, the largest foreign investment project ever in Brazil, an enterprise value of 1.5...

  • announced@ SAO PAULO, Feb 22- Mexico's peso strengthened on Wednesday to its highest level since the election of U.S. The peso strengthened 0.7 percent to trade at 19.87 per dollar, which central bank Governor Agustin Carstens said reflected confidence in the hedge. Mexico's foreign exchange commission said the program will not use the central bank's...

  • SAO PAULO _ Telefonica Brasil SA on Wednesday reported fourth-quarter net income of $368.2 million. Telefonica Brasil shares have risen 15 percent since the beginning of the year. Keywords: Telefonica Brasil, Earnings Report.

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell its loss-making Brazilian steel mill CSA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to billions of euros in losses. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an...

  • BRASILIA, Feb 21- The Brazilian government sees no alternative to its pension reform proposal and any changes would distort a plan needed for the recovery of Latin America's biggest economy, Finance Minister Henrique Meirelles said on Tuesday. Workers unions and some lawmakers from President Michel Temer's alliance in Congress have demanded changes to the...

  • Protestors gather at the Milwaukee County Courthouse where they attend a rally against President Donald Trumps policy on immigration February 13, 2017 in Milwaukee, Wisconsin.

    DHS officials said that although any immigrant in the country illegally could be deported, the agency will prioritize those deemed a threat.

  • SAO PAULO, Feb 22- Ternium SA has agreed to buy Thyssenkrupp AG's CSA steel plant for 1.26 billion euros, ending five years of attempts by the German industrial firm to offload the loss-making Brazilian mill. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an enterprise value...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • BRASILIA, Feb 21- The Brazilian government sees no alternative to its pension reform proposal and any changes would distort a plan needed for the recovery of Latin America's biggest economy, Finance Minister Henrique Meirelles said on Tuesday. Workers unions and some lawmakers from President Michel Temer's alliance in Congress have demanded changes to the...

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • SAO PAULO, Feb 21- Telefonica Brasil SA, the country's biggest telephone carrier, said on Tuesday that fourth-quarter net income was in line with estimates as cost and expense controls helped offset tepid revenue growth. In the first results delivered under Chief Executive Eduardo Navarro, who took the helm from Amos Genish last November, Telefonica said net...

  • QUITO, Feb 21- Ecuador's presidential election will go to an April runoff between leftist government candidate Lenin Moreno and ex-banker Guillermo Lasso, the electoral body said on Tuesday, after a nail-biter first round over the weekend. Ecuador's fragmented opposition is now expected to close ranks around Lasso in a runoff amid anger over an economic...

  • LONDON/ SANTIAGO, Feb 21- Anglo American said on Tuesday it will walk away from its El Soldado copper mine in Chile if it cannot agree with local regulators on a permit for a redesign of the operation. The company is still hopeful it will secure approval in three to four weeks, but if a satisfactory permit cannot be agreed, "we won't continue going forward with the...