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Business South America

  • *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...

  • The case has increased trade tensions between the United States and Canada- along with disputes over Canadian softwood lumber and U.S. milk protein products- as both countries prepare for a possible renegotiation of the North American Free Trade Agreement under the "America First" trade policy of U.S. The Commerce Department is expected to proceed with the...

  • The case has increased trade tensions between the United States and Canada- along with disputes over Canadian softwood lumber and U.S. milk protein products- as both countries prepare for a possible renegotiation of the North American Free Trade Agreement under the "America First" trade policy of U.S. The Commerce Department is expected to proceed with the...

  • LIMA, May 17- A former Peruvian governor suspected of arranging bribes from Odebrecht was arrested on Wednesday, while police raided Lima law firms thought to have ties to the Brazilian construction company, the attorney general's office said. Odebrecht has admitted to paying $29 million in bribes to win contacts in Peru, one of 12 countries where it confessed...

  • SANTIAGO, May 17- Chile's Concha y Toro, one of the world's biggest wine makers, said on Wednesday its profit fell more than 20 percent in the first quarter, hit by a poor harvest and a slide in sterling after the UK's Brexit vote. Britain is a key export market for the producer of such brands as Casillero del Diablo, Don Melchor and U.S. affiliate Fetzer-Bonterra.