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Business South America

  • BRASILIA, Dec 14- The lower house of Brazil's Congress will delay a vote on a bill trimming social security benefits until Feb. 19, Speaker Rodrigo Maia said on Thursday, pushing a decision on the cornerstone of President Michel Temer's fiscal reforms into an election year. Temer had said he hoped for a vote by next week, but he has struggled to rally lawmaker support...

  • BRASILIA, Dec 14- The lower house of Brazil's Congress will delay a vote on a bill trimming social security benefits until Feb. 19, Speaker Rodrigo Maia said on Thursday, pushing a decision on the cornerstone of President Michel Temer's fiscal reforms into an election year. Temer had said he hoped for a vote by next week, but he has struggled to rally lawmaker support...

  • BRASILIA, Dec 14- The lower house of Brazil's Congress will delay a vote on a bill trimming social security benefits until Feb. 19, Speaker Rodrigo Maia said on Thursday, pushing a decision on the cornerstone of President Michel Temer's fiscal reforms into an election year. Temer had said he hoped for a vote by Tuesday, but he has struggled to rally lawmaker support...

  • SAO PAULO— A pension reform that's key to the economic agenda of Brazilian President Michel Temer won't come to a vote this year, lowering the chances he can get it passed before leaving office. Chamber of Deputies Speaker Rodrigo Maia said on Thursday he aims put the bill to a vote on Feb. 19, but even that is far from certain. The embattled leader says the reform is...

  • BRASILIA, Dec 14- Brazilian President Michel Temer has postponed meetings scheduled for Thursday to discuss a crucial pension vote as he recovers after minor surgery and will not be back on the job until Friday, his office said. Temer was due to swear in Congressman Carlos Marun as his political affairs minister, who will be charged with drumming up support for an...

  • BRASILIA, Dec 14- Brazilian President Michel Temer has postponed meetings scheduled for Thursday to discuss a crucial pension reform vote as he recovers well in hospital following minor surgery, his office said, and he will not be back on the job until Friday. The president was also due to meet the leaders of the two chambers of Congress to discuss whether pension...

  • SANTIAGO, Dec 14- The chance to own a stake in Chile's SQM, one of the world's top lithium producers, has attracted several potential suitors as prices for the so-called white gold- a key ingredient in electric car batteries- have skyrocketed. But the buyer of the 32 percent of SQM being sold by Canadian Potash Corp of Saskatchewan's, which needs to divest the stake as...

  • BUENOS AIRES/ WASHINGTON Dec 13- The World Trade Organization failed to reach any new agreements on Wednesday, ending a three-day ministerial conference in discord in the face of stinging U.S. criticism of the group and vetoes from other countries. Trade Representative Robert Lighthizer, to suggest that negotiations among smaller groups of "like-minded" WTO...

  • CARACAS, Venezuela— Venezuela's cash-strapped government has quickly settled a lawsuit filed by a state-run Chinese company, making good on an unpaid bill and appeasing an important ally that holds billions in the South American country's debt. The dispute arose at a time when Venezuela is trying to renegotiate billions of dollars in foreign debt amid...

  • Dec 13- Mexico's peso currency and stocks firmed on Wednesday after the U.S. Mexico's central bank is seen raising its benchmark interest rate on Thursday to match the Fed hike as well as to counter a recent uptick in inflation, according to a Reuters poll. Chilean stocks also rose, while in Brazil shares closed 1.22 percent lower.

  • BUENOS AIRES, Dec 13- Negotiations for a trade deal between the European Union and South American trade bloc Mercosur will extend into next year, officials from both sides said on Wednesday, after the Europeans asked for more time to analyze proposed changes. Negotiators for Mercosur- comprising Argentina, Brazil, Paraguay and Uruguay- indicated to their...

  • BUENOS AIRES, Argentina— A World Trade Organization conference dampened from the start by criticism from the United States ended Wednesday without any substantial agreements. "It's not every time that ministers meet that they're going to be to be able to strike deals of the magnitude of what we achieved in Bali and Nairobi, but that doesn't diminish the...

  • BUENOS AIRES, Dec 13- The World Trade Organization's biennial meeting ended in stalemate on Wednesday after U.S. criticism and member country vetoes, raising questions about the body's ability to govern increasingly disputed global trade. She said the United States was partly to blame, but other countries also held up progress. Some 70 member countries,...

  • RIO DE JANEIRO/ BRASILIA, Dec 13- Brazilian telecommunications firm Oi SA has reached a deal with two major creditor groups on a plan to exit bankruptcy protection, in a major breakthrough for Latin America's largest ever in-court debt restructuring. The company said in a filing on Wednesday that the Ad Hoc Group of Oi Bondholders and International Bondholders...

  • BUENOS AIRES, Dec 13- Mexico and the European Union could reach a framework for a trade deal by the end of the year, though differences remain over agricultural market access, Mexican Economy Minister Ildefonso Guajardo said on Wednesday. Mexico has been aiming to reduce its reliance on U.S. imports and exports since the election of U.S. Mexico and the 28- member...

  • BUENOS AIRES, Dec 13- A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed. The smaller group pledging to work toward new WTO e-commerce rules includes the European Union, Japan, Canada,...

  • BRASILIA, Dec 13- A Brazilian Congress vote on a major pension overhaul has been postponed to next year, the government's Senate leader said on Wednesday, although cabinet ministers said they were still looking to hold the vote next week. Senator Romero Jucá said President Michel Temer had not secured enough lower house support for the unpopular overhaul of...

  • BUENOS AIRES, Dec 13- Trade ministers looked set to wrap up their biennial World Trade Organization meeting on Wednesday without any new agreements after criticism of the agency by the United States, once the WTO's driving force. Ministers gathered in Buenos Aires were never expected to agree on major trade reforms, but even relatively minor proposals on...

  • SAO PAULO, Dec 12- The operator of the Burger King fast-food chain in Brazil, BK Brasil Operação e Assessoria a Restaurantes SA, is expected to price its initial public offering near the top of the suggested price range, three people with direct knowledge of the matter said on Tuesday. Burger King Corp, owner of the chain in the United States and controlled by...

  • BRASILIA, Dec 13- Brazilian President Michel Temer warned on Wednesday that the country's economy could suffer if his social security overhaul bill aimed at cutting Brazil's huge budget deficit is not approved by Congress. With little over a week left before Congress packs up for its Christmas break, the unpopular pension reform bill vote risks being...