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  • SAO PAULO, July 15- Brazil's federal prosecutors and state-controlled oil company Petroleo Brasileiro SA said they signed a leniency deal on Friday with Netherlands shipleasing firm SBM Offshore NV aimed at obtaining more evidence in the South American country's widest-ever corruption probe. SBM, which has been accused of paying bribes to executives of...

  • SAO PAULO, July 15- Brazil's São Paulo state said it was considering the sale of its controlling stake in the country's No. 4 electricity generator, CESP, triggering a 19 percent surge in the price of its preferred shares. Earlier, a source present at a Friday investor meeting arranged by JPMorgan Chase& Co quoted Villela as saying Brazil's development bank BNDES...

  • SAO PAULO, July 15- Regulatory changes under Brazil's interim President Michel Temer could soon facilitate a sale by Sao Paulo's state government of its controlling interest in power utility Cesp SA, a state official said on Friday. Sao Paulo Finance Secretary Renato Villela, told Reuters in a phone interview that no final decisions about a possible...

  • SAO PAULO, July 15- Shares of Cesp had their biggest jump in eight years on Friday after São Paulo state, the company's main shareholder, unveiled plans to sell control of Brazil's No. 4 electricity generator. According to a source present at a Friday investor meeting arranged by JPMorgan Chase& Co, state Finance Secretary Renato Villela said Brazil's...

  • SAO PAULO, July 15- State-controlled lender Caixa Econômica Federal is in talks with Brazil's government to win approval for a cut of up to 75 percent in annual dividend payouts for this year to protect capital, Chief Executive Officer Gilberto Occhi said in an interview. Brasilia- based Caixa Econômica, which is 100 percent- owned by Brazil's National...

  • MELBOURNE/ SANTIAGO July 15- Choppy seas off the coast of Chile caused widespread delays to copper shipments from the world's top producer in the second half of June, potentially supporting prices in a market grappling with oversupply. Cargoes were stranded at ports as stormy weather prevented ships from loading, said miners in Chile, including world No.1...

  • FRIDAY, JULY 15 ANKARA- Launch of OECD Economic Survey of Turkey. PHNOM PENH- International Monetary Fund representative in Cambodia holds press conference about economy- 0600 GMT. TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT.

  • BRASILIA/ SAO PAULO, July 14- A college dropout born in exile during Brazil's long military dictatorship was elected as the new speaker of the house for Latin America's biggest nation, thrusting his center-right party back into the spotlight amid deep political turbulence. The selection on Thursday of Rodrigo Maia, the pragmatic 46- year-old scion of a...

  • THURSDAY, JULY 14 WASHINGTON- International Monetary Fund's head Christine Lagarde speaks at Center for Global Development in Washington on "Redoubling our Resolve for Global Development". PRETORIA- South African central bank Deputy Governor Kuben Naidoo speaks at South Africa's first ever Public Economics Winter School, where tax policy, industrial...

  • LIMA, July 13- Peru's President-elect Pedro Pablo Kuczynski called Peru's air quality standards "unrealistic" on Wednesday and proposed lowering them to spur investments in smelters that would boost the country's key mineral exports. Kuczynski, a 77- year-old former investment banker who will take office on July 28, said the value of Peru's mining exports...

  • SARAJEVO- European Bank for Reconstruction and Development Vice President Philip Bennett visits Bosnia. MANILA- Philippines central bank governor Amando Tetangco to speak at the central bank's luncheon for stakeholders- 0200 GMT. SARAJEVO- European Bank for Reconstruction and Development and Bosnia to sign a 71 million euro infrastructure loan- 0730 GMT.

  • BRASILIA, July 12- Brazilian customs workers will start an indefinite strike on Thursday over wage increases, their union said on Tuesday, just three weeks ahead of the Olympics when thousands of tourists are expected to flock the South American country. A crippling political and economic crisis as well as the spread of the mosquito-borne Zika virus have...

  • BRASILIA, July 12- Brazilian customs workers will start an indefinite strike on Thursday over wage increases, their union said on Tuesday, just three weeks ahead of the Olympics when thousands of tourists are expected to flock the South American country. A crippling political and economic crisis as well as the spread of the mosquito-borne Zika virus have...

  • SAO PAULO, July 12- GPA SA, Brazil's biggest retailer, booked accelerating sales growth for the second quarter, lifting shares to a two-month high on hopes that the company had turned a corner after two years of grinding recession. Preferred shares in GPA rose 4 percent in Sao Paulo trading to their highest levels since May 3. To be sure, government retail sales data...

  • FARNBOROUGH/ SANTIAGO July 12- Qatar Airways has agreed to acquire up to 10 percent of LATAM Airlines, the two companies said on Tuesday, in a $613 million deal that sent shares in Latin America's largest airline soaring. The deal follows Qatar Airways' purchase last year of 15 percent of British Airways owner International Airlines Group, which, like Qatar and...

  • The latest Reuters poll of over 250 analysts, fund managers and brokers worldwide taken June 27- July 11 also showed an intensifying pull between stretched share prices- with Wall Street at a record high- and bond markets, with most government bond yields at record lows and vast swathes of them negative. The Bank of England is set to reverse course in response to...

  • BRASILIA, July 12- Retail sales in Brazil fell unexpectedly in May as rising unemployment continued to hurt consumption, government data showed on Tuesday, suggesting the economy may take longer to hit bottom in its worst recession in decades. A recent improvement in consumer confidence had fueled hopes that Brazil's economy could be nearing a turning point...

  • SAO PAULO, July 12- On Christmas Day 2014, in an empty São Paulo office building, four senior executives at engineering firm Grupo OAS SA set in motion a corporate bankruptcy that is helping reshape Brazil Inc.. Over the previous decade, Brazil's ruling Workers Party had built national champions using cheap state credit and contracts with state firms.

  • BUENOS AIRES, July 11- The center-right government of Argentine President Mauricio Macri will put a new cap on increases to natural gas prices, it said on Monday, even as it pledged to appeal a court ruling that recently halted the hikes. A forthcoming resolution will cap the rise in natural gas bills at 400 percent for consumers and 500 percent for businesses, said...

  • TUESDAY, JULY 12 JOHANNESBURG- South African Finance Minister Pravin Gordhan speaks at a South African Chamber of Commerce and Industry meeting- 0730 GMT. PRAGUE- Czech National Bank to publish the minutes of its June board meeting- 0700 GMT. BUDAPEST- Hungarian Central Bank non-rate-setting meeting.