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Business South America

  • CARACAS/ SAN CRISTOBAL, Venezuela, May 20- H undreds of thousands of Venezuelans took to the streets on Saturday to mark 50 days of protests against the unpopular government of President Nicolas Maduro, with unrest gaining momentum despite a rising death toll and chaotic scenes of nighttime looting. Major opposition marches took place across the oil-rich...

  • LOS TEQUES, Venezuela, May 19- Like many Portuguese immigrants to Venezuela after World War Two, Manuel Fernandes spent a lifetime building a small business: his bread and cake shop in a highland town. The first he knew of the destruction of his beloved " Bread Mansion" store on a main avenue of Los Teques was when looters triggered the alarm, resulting in a warning call...

  • SAO PAULO/ BRASILIA, May 19- Brazil's top court released plea-bargain testimony on Friday accusing President Michel Temer and his two predecessors of receiving millions of dollars in bribes, the most damaging development yet in a historic political corruption probe. The scandals that have engulfed Brazil's political class and many business elites reduce...

  • SAO PAULO/ BRASILIA, May 19- Brazil's top court released plea-bargain testimony on Friday accusing President Michel Temer and his two predecessors of receiving millions of dollars in bribes, the most damaging development yet in a historic politicial corruption probe. The scandals that have engulfed Brazil's political class and many business elites reduce...

  • *U.S. may challenge top beef exporter Brazil in China. CHICAGO, May 19- Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing American farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers are set to halt the...

  • SAO PAULO/ BRASILIA, May 19- Brazil's Supreme Court released explosive plea-bargain testimony on Friday accusing President Michel Temer, along with former presidents Luiz Inacio Lula da Silva and Dilma Rousseff, of receiving millions in bribes. The testimony raises serious doubts about whether Temer, who replaced the impeached Rousseff last year, can...

  • BOGOTA, May 19- Colombia's economy grew 1.1 percent in the first quarter compared with the same period a year ago, the government said on Friday, below the central bank's estimate of 1.3 percent. Latin America's fourth-largest economy is working to recover from a slump in global oil prices and a rise in inflation. The fall in crude prices has slowed production, as...

  • BUENOS AIRES, Argentina _ Empresa Distribuidora y Comercializadora Norte S.A. on Thursday reported first-quarter earnings of $26.9 million. The Buenos Aires, Argentina- based company said it had profit of 60 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Although Sweden has dropped its investigation of rape allegations against Assange, British police say they still intend to arrest him on a charge of jumping bail if he leaves the Ecuadorean Embassy. Julian Assange says Sweden's decision to drop a rape inveatigation against him is "an important victory for me and for the U.N. human rights system."

  • SANTIAGO, May 18- Chile's central bank cut the benchmark interest rate to 2.50 percent on Thursday, a more rapid rate of loosening than the market had expected, and altered its bias to indicate its easing cycle was over. The move means the bank has cut the interest rate 100 basis points in total so far this year, as it looks to address sluggish growth in the top copper...

  • BOGOTA, Colombia— Human rights groups in Colombia are calling on the International Criminal Court to investigate executives from Chiquita Brands for alleged complicity in crimes against humanity as a result of payments made to paramilitary groups more than a decade ago. Chiquita in 2007 pleaded guilty in a case brought by the U.S. Justice Department to...

  • SANTIAGO, Chile _ Sociedad Quimica y Minera de Chile SA on Wednesday reported first-quarter profit of $103.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CHICAGO, May 18- Brazilian farmers are rushing to sell soybeans after a 7 percent drop in the real currency made their supplies more affordable than exports from the United States. Farmers in Brazil, the world's second-biggest producer of soybeans after the United States, were selling beans on Thursday that had been locked up in storage bins for weeks because...

  • CHICAGO, May 18- Brazilian farmers are rushing to sell soybeans after a 7 percent drop in the real currency made their supplies more affordable than exports from the United States. Farmers in Brazil, the world's second-biggest producer of soybeans after the United States, were selling beans on Thursday that had been locked up in storage bins for weeks because...

  • RIO DE JANEIRO— The Latest on Brazil's political crisis:. Embattled Brazilian President Michel Temer says he will fight allegations that he endorsed the paying of hush money to an ex-lawmaker jailed for corruption. It was the first appearance since the Globo newspaper published a report Wednesday night that Temer was recorded supporting payments to former...

  • BRASILIA, May 18- Brazilian President Michel Temer resisted calls to resign on Thursday after allegations that he condoned the bribery of a potential witness in the massive "Car Wash" graft investigation, news that sent markets tumbling and raised doubts that Congress would pass his austerity measures. "We need to see what the Supreme Court says and whether it...

  • Brazilian stocks rocked by widening political crisis

    CNBC's Jim Cramer and David Faber discuss the growing political scandal in Brazil and how it's affecting markets there.

  • BRASILIA, May 18- Brazilian President Michel Temer resisted calls to resign on Thursday after allegations surfaced that he condoned the bribery of a potential witness in a graft investigation, raising doubts about the future of austerity measures in Congress and sending markets tumbling. Brazil's Treasury and central bank said they stood ready to keep...

  • RIO DE JANEIRO— Brazilian President Michel Temer on Thursday rejected calls for his resignation, saying he will fight allegations that he endorsed the paying of hush money to a former lawmaker jailed for corruption. Even in this country weary from the constant drip of revelations of a wide-ranging corruption investigation, the incendiary accusation set off...

  • SAO PAULO, May 17- Brazilian President Michel Temer gave his blessing to an attempt to pay a potential witness in the country's biggest-ever graft probe to remain silent, according to plea bargain testimony by a powerful businessman, newspaper O Globo reported on Wednesday. Temer on Wednesday acknowledged he had met the businessman, JBS SA Chairman Joseley...