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  • "To snitch, you have to have something to snitch," Marcelo Odebrecht, CEO of Odebrecht SA, told lawmakers running a congressional probe who traveled to the southern city of Curitiba, where he has been held for more than two months. He said Odebrecht SA had been unable to start some projects because of the investigation but that otherwise the company with revenue of...

  • VARADERO, Cuba, Sept 1- Cubans are flocking to the beach in record numbers before a possible end to the U.S. travel ban that would open the gates to American tourists and bump up prices. Experts say many of those visiting beaches and hotels are able to afford it because they receive money from relatives living abroad, especially in the United States.

  • Customers in Chicago, Los Angeles and parts of New York can order other items from the convenience store chain, including chicken wings, cold medicine and paper towels. Stores in Washington D.C. and Boston will offer delivery in the coming months, the companies said, and more cities are planned. McDonald's, Chipotle and Starbucks are working with delivery company...

  • *China manufacturing contracts at fastest in 3 years- PMIs. NEW YORK, Sept 1- Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil...

  • *Soybeans drop 1.6 percent, corn falls 1.3 percent. CHICAGO, Sept 1- Chicago Board of Trade corn and soybean futures dropped on Tuesday on concerns that commodity purchases from China will slow as the country's economy softens, traders said. Wheat futures firmed despite worries about the viability of U.S. exports as investment funds covered short positions...

  • MONTEVIDEO, Sept 1- Inflation in Uruguay will hit 8.4 percent this year and will not slow to 5 percent until 2019, three years later than hoped for by President Tabare Vazquez, a budget blueprint for the next five years showed on Tuesday. Uruguay, a cattle-farming country long dubbed the " Switzerland of South America" for its offshore banking, has had one of the...

  • NEW YORK— Canadian drugmaker Valeant will work with British competitor AstraZeneca on a potential treatment for psoriasis a few months after biotech giant Amgen said it was ending research on the drug because of a link to suicidal thoughts and behavior. Amgen originally developed brodalumab and was studying it with AstraZeneca. Amgen announced its...

  • NEW YORK, Sept 1- Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China's contracting manufacturing sector revived concerns about global demand for petroleum.

  • GEORGETOWN, Guyana— U.N. officials are visiting the South American country of Guyana to help settle a border dispute with neighboring Venezuela. Venezuela long has claimed two-thirds of Guyana as its own, including a large marine area where Exxon Mobil Corp. said it had made a significant oil discovery. Guyana recently announced it would buy all of its fuel from...

  • *FTSE 100 closes down 3 pct, its biggest one-day fall in over a week. *Only one FTSE 100 components closes in positive territory. LONDON, Sept 1- The UK FTSE 100 slumped 3 percent on Tuesday, its worst one-day fall in over a week, with miners hit hardest after a slump in the manufacturing sector in China- the world's biggest commodity consumer.

  • LONDON, Sept 1- The European Union should conduct annual "coherence and consistency" checks on its financial rules from next year to avoid crimping the flow of funds to the economy, a European Parliament draft report says. The bloc's executive European Commission has already said it is willing to propose changes to rules made in haste. Germany, France and Britain...

  • BERLIN— Some 1,500 companies and over 250,000 people are expected to visit Europe's flagship technology show, the IFA in Berlin, when it opens to the public on Friday. The event, which runs through Sept. 9, will showcase a range of new mobile handsets that will hit stores just in time for the holiday shopping season. Having already announced its latest range of Galaxy...

  • OTTAWA, Sept 1- Prime Minister Stephen Harper, speaking in the wake of data confirming Canada slid into recession in the first half of the year, said healthy growth in June showed the economy was back on track. Harper, campaigning ahead of an Oct. 19 election, said Canada had had a "couple of weak months" when he was asked about Statistics Canada figures which showed the...

  • GENEVA, Sept 1- The current El Nino weather phenomenon is expected peak between October and January and could turn into one of the strongest on record, experts from the World Meteorological Organization said at a news conference on Tuesday. Typically, the warm air above the eastern Pacific is causing increased precipitation over the west coast of South America...

  • MOSCOW— Russia's second-largest passenger airline, the struggling Transaero, will be taken over by the country's top carrier, Aeroflot. Transaero has been struggling with debt at a time when Russia's economic problems have buffeted the airline industry. Aeroflot led Russian airlines by transporting 14.6 million passengers on domestic and international...

  • In the first step of Obama's new timetable, the government would buy a heavy icebreaker by 2020 instead of the previous goal of 2022. The United States used to have seven icebreakers, but the fleet has dwindled to three creaky vessels, only one of which is a heavy-duty vessel, the White House said. "Russia, on the other hand, has 40 icebreakers and another 11 planned or...

  • TORONTO, Sept 1- Canada's main stock index fell more than 2 percent on Tuesday as the latest disappointing economic data from China spurred another round of selling in global markets and sent commodity prices lower. "A correction is never easy," said Michael Sprung, president at Sprung& Co. Investment Counsel. The most influential decliners on the index included...

  • MEXICO CITY, Sept 1- Mexico's government withheld hundreds of millions of dollars in tax refunds owed to Procter& Gamble, Unilever, and Colgate combined as it sought to coax them and other multinationals to pay more income tax locally, according to people close to the talks. After luring foreign companies with corporate tax breaks for years, Mexico moved to boost...