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Business South America

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  • BRASILIA/ SAO PAULO, Aug 17- The Brazilian real is trading at or near fair value after losing one quarter of its worth since Jan. 1, economists said, suggesting a possible respite for one of the year's most battered currencies. But even Brazil's political crisis, one of the main drags on the currency this year, does not look as bad as it did a couple of weeks ago.

  • NEW YORK/ BEIJING, Aug 17- Recent news from China makes depressing reading for commodities producers, with a slowing economy, tumbling stock prices and a currency devaluation all signaling weaker demand. China's a place where everyone looks and says,' what if, "' said Jordan Fife, a merchant with BioUrja Trading LLC in Houston. State-run grain trader China National...

  • SAO PAULO, Aug 16- Hundreds of thousands of demonstrators returned to the streets in dozens of Brazilian cities on Sunday to call for the impeachment of President Dilma Rousseff, blaming her for a vast corruption scandal and the economy's worst slump in a quarter century. About 135,000 people swarmed Sao Paulo's financial district, according to pollster...

  • SAO PAULO, Aug 14- State-run oil company Petroleo Brasileiro SA said it will take a 2 billion reais charge against third-quarter earnings to pay a disputed tax bill with Brazil's federal government, its second unexpected tax charge in a month. The charge is related to 6 billion reais of disputed tax assessments over eight years between 1999 and 2012, Petrobras,...

  • SAO PAULO, Aug 14- Brazilian meatpacker JBS SA expects fresh beef exports to the United States to begin no earlier than 2016, later than the Brazilian government predicted, Chief Executive Officer Wesley Batista said on Friday. A green light for fresh beef shipments to the United States could help Brazil gain access to other key markets, such as Japan and South...

  • BUENOS AIRES, Aug 12- Argentina's presidential front-runner wants to settle a financially hobbling suit with bondholders, woo new investors, cut inflation and could revise energy subsidies to put the country's fiscal house in order, his economic advisor said. A shift toward orthodoxy could help untangle Argentina's relationship with the global bond market...

  • After 14 years, look who may come back to the market Wednesday, 12 Aug 2015 | 1:59 AM ET
    Argentina's President Cristina Fernandez de Kirchner talks to supporters in Buenos Aires.

    One debt-mired Socialist country may soon return to the capital markets, say analysts — but it's not Greece.

  • SAO PAULO, Aug 11- Moody's Investors Service cut Brazil's credit rating to near-junk status on Tuesday but said the country's coveted investment grade status is safe for now, proving some relief to investors and the government of President Dilma Rousseff. Moody's decision comes two weeks after competing ratings firm Standard& Poor's warned Brazil could lose...

  • Brazil's VP holding fort for unpopular Rousseff Tuesday, 11 Aug 2015 | 1:14 PM ET

    BRASILIA, Aug 11- Vice President Michel Temer is increasingly seen as the man who could lead Brazil out of political crisis if President Dilma Rousseff is forced from office, but people who know him say he will do all he can to see her serve out her term. They doubt, though, that he can do much to save her if the current pro-impeachment drumbeat results in a trial in...

  • BRASILIA, Aug 11- The biggest threat to Brazilian President Dilma Rousseff's hold on office may come not from a corruption scandal that has ensnared the country's business and political elite but from a less-heralded probe into accounting practices led by a computer science graduate turned lawyer. Julio Marcelo de Oliveira, a prosecutor at Brazil's Federal...

  • BRASILIA, Aug 11- The biggest threat to Brazilian President Dilma Rousseff's hold on office may come not from a corruption scandal that has ensnared the country's business and political elite but from a less-heralded probe into accounting practices led by a computer science graduate turned lawyer. Julio Marcelo de Oliveira, a prosecutor at Brazil's Federal...

  • SAO PAULO, Aug 10- Honda Motor Co still aims to start delivering its HondaJet during the "late summer" in the United States, but its top aviation executive recognized on Monday that the deadline would depend on final certification there. He said there were about 20 aircraft in final assembly and, with final approval from the U.S. Federal Aviation Administration, the...

  • RIO DE JANEIRO, Aug 10- Brazil's Subsalt Polygon, an offshore area that has already yielded some of the world's largest recent oil finds, may hold enough undiscovered petroleum and gas to supply the world's current oil needs for more than five years, researchers said. The Polygon, which covers most of Brazil's Santos and Campos offshore sedimentary basins,...

  • *Brazil consumer confidence at all-time low. SAO PAULO, Aug 10- Brazil's once red-hot housing market has turned cold quickly, forcing many developers to slam the brakes on new construction, though one corner of the industry is so far riding out the nation's worsening economic slump. At the time, developers like Cyrela Brazil Realty SA and Rossi Residencial SA,...

  • *China copper imports flat at 350,000 T in July. *China aluminum semi exports drop, but to resume after Aug- Citi. MELBOURNE, Aug 10- London copper climbed off six-year lows hit earlier on Monday as bets that China would have to unholster more stimulus overcame demand worries after trade worsened in July.

  • BUENOS AIRES, Aug 9- Ruling party candidate Daniel Scioli was ahead in Argentina's presidential primary on Sunday with 36.8 percent, early results showed, with voters favoring the Buenos Aires governor's policy of gradual change after eight years of leftist government. Scioli is in outgoing President Cristina Fernandez's Front for Victory party and has...

  • BUENOS AIRES, Aug 9- Ruling party candidate Daniel Scioli was ahead in Argentina's presidential primary on Sunday with 36.3 percent, early results showed, with voters favoring the Buenos Aires governor's policy of gradual change following eight years of leftist government. Scioli is in outgoing President Cristina Fernandez's Front for Victory party, and...

  • MELBOURNE, Aug 10- London copper fell on Monday and was mired near six-year lows as attractive import prices into China in July failed to boost shipments, underscoring the country's moderating appetite for metals. *China's imports of copper were flat from the month before at 350,000 tonnes in July, data from the General Administration of Customs showed.

  • Over 1,000 people from Antofagasta in the far north to Los Rios in the south of Chile were affected, with some being housed in shelters after being evacuated or losing their homes to floods, and over 120,000 were left without electricity, the emergency service Onemi said on Sunday. Mud landslides wiped out roads in and around the city of Tocopilla in the...

  • BUENOS AIRES, Aug 9- Ruling party candidate Daniel Scioli was ahead in Argentina's presidential primary on Sunday, according to TV exit polls that showed voters tending toward the Buenos Aires governor's policy of gradual change after eight years of leftist government. Scioli is in outgoing President Cristina Fernandez's Front for Victory party, and has...