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Business South America

  • SAO PAULO, July 19- Mexico's peso hit a new high following an improved credit outlook for the country and a Reuters report detailing an aggressive timetable for trade talks between Mexico, the United States and Canada, before shedding gains later on Wednesday. Late on Tuesday, rating agency Standard& Poor's revised Mexico's sovereign credit outlook up to "stable"...

  • Oil-rich Venezuela has been plunged into political and economic turmoil as petroleum prices plummet, nationalized farms and factories halt production and corruption runs rampant. The United States, European Union, Germany, Brazil, Canada and Mexico are among countries that have called for the constitutional rewrite to be canceled. President Donald Trump...

  • LIMA, Peru— Union workers at more than 50 mines in Peru have gone on strike to protest parts of a labor reform that they say will harm workers' rights. Ricardo Juarez is leader of a national federation of miners. Juarez argued that laws approved by President Pedro Pablo Kuczynski would make it easier for mass layoffs and weaken inspection bodies.

  • RIO DE JANEIRO— Rio de Janeiro's port area may be one of the city's most inviting spots since being renovated for the Olympic Games last year. Launched in late June by the nonprofit investigative journalism agency Agencia Publica, the app called " Museum of Yesterday" offers tours of the port in Portuguese and English. The corruption tour investigates bribery...

  • Their comments followed President Donald Trump's vow on Monday to take "strong and swift economic actions" if Maduro went ahead with the new body that would have power to rewrite Venezuela's constitution and supersede all institutions. "All options are on the table," including possible measures against Venezuela's vital oil sector such as banning its crude...

  • Maduro's leftist government vowed to proceed with the July 30 vote for the new Constituent Assembly despite what it called a "brutal interventionist" threat from its ideological foe. That official stressed "all options are on the table," including possible measures against Venezuela's vital oil sector, as Washington seeks to head off the July 30 vote, which it...

  • RIO DE JANEIRO, July 18- Brazil's oil regulator may allow companies to apply more flexible local content rules to pre-existing exploration and production contracts, the agency chief said on Tuesday, in a bid to revive projects put on hold due to costly requirements. Decio Oddone, director of oil regulator ANP, said the agency would open a 30- day comment period on...

  • RIO DE JANEIRO, July 18- Brazil's oil regulator may allow companies to apply more flexible local content rules to pre-existing exploration and production contracts, the agency chief said on Tuesday, in a bid to revive projects put on hold by oil majors due to costly requirements. Decio Oddone, director of oil regulator ANP, said the agency would open a 30- day...

  • BOGOTA, July 18- Colombia, which narrowly avoided getting its credit rating cut last year, is again at risk of a downgrade as it struggles to meet fiscal targets and investors tire of overly optimistic forecasts by the government of President Juan Manuel Santos. "We believe there is a clear disconnect between reality and the current debt path depicted by the...

  • HONG KONG/ BUENOS AIRES, July 18- China's central bank said on Tuesday it has extended a bilateral swap agreement with Argentina with both countries signing a 70 billion yuan swap deal for another three years. Argentina's former President Cristina Fernandez first inked a swap agreement with China in 2009 as a means of boosting dwindling reserves her...

  • A BYD Co. electronic vehicle (EV) is charged at an EV charging station at the company's campus in the Pingshan district of Shenzhen, China.

    When Trump pushed "Made in America" week, Chinese electric vehicle maker BYD might not have been top of mind.

  • SAO PAULO, July 17- Construction of a power plant on the Teles Pires river in Brazil was paralyzed by protesters from the Munduruku tribe, a leader of the group told Reuters on Monday. Construction of the São Manoel hydropower plant, located near the border of Mato Grosso and Pará states, is budgeted at 3 billion reais. The plant is owned by Portugal's EDP Energias...

  • Brazilian cattle ranchers have said they believe the abscesses were linked to foot-and-mouth vaccines used in Brazil, the only country where foot-and-mouth disease can be found in cattle that can sell to the United States because it uses vaccinations. After the meeting, Brazil's Agriculture Ministry released a recording of Maggi's remarks in which he said...

  • SAO PAULO, July 17- Construction of a power plant on the Teles Pires river in Brazil was paralyzed by protesting members of the Munduruku tribe, a leader of the movement told Reuters on Monday, adding to tensions over land conflicts in South America's largest country. Construction of the São Manoel hydropower plant, located near the border of Mato Grosso and...

  • BUENOS AIRES, July 17- Argentina's new subsidized mortgage scheme is gathering steam, boosting construction activity and winning over the middle class ahead of mid-term elections in October that will determine the future of President Mauricio Macri's market-friendly agenda. "For the middle class, which is large, all this spurs the economy and generates...

  • SYDNEY- Reserve Bank of Australia to release the minutes of July monetary policy meeting- 0130 GMT. SYDNEY- Alex Heath, Head of Economics Analysis Department at Reserve Bank of Australia, gives speech at the Women in Economics panel at the Australian Conference of Economists, Sydney- 0530 GMT. MELBOURNE- Assistant Governor at the Reserve Bank of Australia, Michele...

  • SAO PAULO, July 14- Brazil's government has sent Congress a bill to shrink the size of a national forest in the Amazonian state of Pará, according to a statement from the Environment Ministry on Friday, a move environmentalists said would speed deforestation of the area. The government proposed the bill as a comprise measure after local residents, who see the...

  • SAO PAULO, July 14- Brazil's government has sent Congress a bill to shrink the boundaries of a national forest in the Amazonian state of Pará, according a statement from the Environment Ministry on Friday, a move environmentalists said would speed deforestation of the area. The government proposed the bill as a comprise measure after local residents, who see...

  • SAO PAULO, July 14- Brazil's government has sent Congress a bill to shrink the boundaries of a national forest in the Amazonian state of Pará, according a statement from the Environment Ministry on Friday, a move environmentalists said would speed deforestation of the area. The government proposed the bill as a comprise measure after local residents, who see...

  • SYDNEY- Reserve Bank of Australia to release the minutes of July monetary policy meeting- 0130 GMT. SYDNEY- Alex Heath, Head of Economics Analysis Department at Reserve Bank of Australia, gives speech at the Women in Economics panel at the Australian Conference of Economists, Sydney- 0530 GMT. JAKARTA- Indonesia Central Bank board of governors' meeting.