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Business South America

  • 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.

  • rise@ SAO PAULO, July 13- Mexico's peso currency firmed on Thursday after the central bank governor said interest rate hikes could be paused for some time, but he knocked down market speculation that there would be rate cuts before mid-2018. Banco de Mexico Governor Agustin Carstens said in an interview with Reuters that talk among private economists that rates...

  • RIO DE JANEIRO— Two employees of the Brazilian Foreign Ministry say the agency briefly suffered an unspecified computer outage after a flurry of suspicious emails. Worries over politically motivated hacking have been accentuated by the publication of emails stolen from the U.S. Democratic Party in 2016 and members of French leader Emmanuel Macron's...

  • SAO PAULO, July 13- Former Brazilian President Luiz Inacio Lula da Silva vowed on Thursday to appeal his conviction on corruption charges and run for president next year, calling the case against him a politicized effort to influence the 2018 election. "They haven't taken me out of the game," Lula told supporters at the headquarters of his Workers Party a day after...

  • SAO PAULO— President Michel Temer has signed into law a controversial labor reform that is a key part of his plan to revive Brazil's moribund economy and boost his own embattled leadership. A dramatic sit-in in the Senate earlier this week threatened to sink the bill, but the body eventually passed it. Temer argues that the labor law and other measures will help...

  • SAO PAULO, July 13- Former Brazilian President Luiz Inacio Lula da Silva vowed on Thursday to appeal his conviction on corruption charges and run for president next year, calling the case against him a politicized effort to influence the 2018 election. "They haven't taken me out of the game," Lula told supporters at the headquarters of his Workers Party a day after...

  • BUENOS AIRES, Argentina— Hundreds of police and security agents in riot gear clashed on Thursday with former employees and other activists at a recently closed PepsiCo plant in Argentina. More than 500 people lost jobs when PepsiCo closed the plant in the outskirts of Buenos Aires on June 20, citing "local challenges unique to the plant's residential location, a...

  • NEW DELHI/ LAUSANNE, Switzerland July 13- A group of cigarette company executives stood in the lobby of a drab convention center near New Delhi last November. In fact, executives from the largest publicly traded tobacco firm had flown in from around the world to New Delhi for the anti-tobacco meeting. Philip Morris International would soon be holding secret...

  • BRASILIA, July 13- The graft conviction Wednesday of former Brazilian President Luiz Inacio Lula da Silva, a front-runner for next year's presidential election, opens the door for an outsider to take power in Latin America's largest country, political experts said. Lula, a giant on the Brazilian political scene who led Brazil from 2003 to 2011, has said he wants...

  • The former union leader, who won global praise for policies to reduce stinging inequality in Brazil, faces four more corruption trials and will remain free on appeal. The verdict represented the highest-profile conviction yet in a sweeping corruption investigation that for over three years has rattled Brazil, revealing a sprawling system of graft at top...

  • RIO DE JANEIRO, July 12- A lawyer for former Brazilian leader Luiz Inacio Lula da Silva on Wednesday said he would appeal Lula's conviction on graft charges and expressed confidence that a higher court would overturn the verdict. Attorney Cristiano Zanin Martins told journalists in Sao Paulo that evidence supporting the former president was ignored, a claim...

  • RIO DE JANEIRO, July 12- A lawyer for former Brazilian leader Luiz Inacio Lula da Silva on Wednesday said he would appeal Lula's conviction on graft charges and expressed confidence that a higher court would overturn the verdict. Attorney Cristiano Zanin Martins told journalists in Sao Paulo that evidence supporting the former president was ignored, a claim...

  • RIO DE JANEIRO, July 12- A lawyer for former Brazilian leader Luiz Inacio Lula da Silva on Wednesday said he would appeal Lula's conviction on graft charges and expressed confidence that a higher court would overturn the verdict. Attorney Cristiano Zanin Martins told journalists in Sao Paulo that evidence supporting the former president was ignored, a claim...

  • RIO DE JANEIRO, July 12- A lawyer for former Brazilian leader Luiz Inacio Lula da Silva on Wednesday said he would appeal Lula's conviction on graft charges and expressed confidence that a higher court would overturn the verdict. Attorney Cristiano Zanin Martins told journalists in Sao Paulo that evidence supporting the former president was ignored, a claim...