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Business South America

  • BRASILIA/ BUENOS AIRES, Oct 6- The European Union farm products offer presented this week during talks in Brasília on a trade deal with the Mercosur bloc was disappointing, negotiators for Brazil and Argentina said on Friday. Brazil's chief negotiator, Ambassador Ronaldo Costa Filho, said the European offer to allow 70,000 tonnes of beef and 600,000 tonnes of...

  • BOGOTA, Oct 6- A Colombian tribunal on Friday declared illegal a strike by the majority of Avianca Holdings SA's local pilots, a decision that may hasten the end of nearly three weeks of travel headaches for thousands of passengers. Pilots from the Colombian Association of Civil Aviators, or ACDAC, began the walkout on Sept. 20 and are demanding salary and benefits...

  • CARACAS, Oct 6- Inflation in Venezuela's crisis-hit economy was 536.2 percent in the nine months to September, largely due to the rapid depreciation of the local currency on the black market, the opposition-controlled National Assembly said on Friday. As well as the alarming Jan-Sept cumulative rise, the legislative body- which has been sidelined by President...

  • CARACAS, Venezuela— Venezuelans already struggling to find food, medicine and other basic necessities have a new shortage to worry about: cash. Venezuelan President Nicolas Maduro blames the cash crunch on mafias moving bills overseas in an attempt to derail the nation's economy, though he's presented only scant evidence to back the claim.

  • *Weather also in focus for South America planting. PARIS/ SINGAPORE, Oct 6- Chicago corn, wheat and soybean futures were little changed on Friday as investors assessed shifting U.S. and South American weather. The Chicago Board of Trade most-active corn contract was down 0.1 percent at $3.49-3/ 4 a bushel ahead of the resumption of trading for the U.S. day session.

  • SAO PAULO, Oct 6- Further weakness in the Mexican peso is no longer a sure bet after a two-month selloff drove the currency to three-month lows, the latest Reuters poll of market strategists showed, although other Latin American currencies are expected to fall. Uncertainty over the currency's path looms large, with forecasts more spread out than in previous...

  • *U.S. wheat faces competition from Black Sea region. SINGAPORE, Oct 6- Chicago wheat futures edged higher on Friday but the market is on track for its second week of decline with pressure from abundant global supplies. The Chicago Board of Trade most-active wheat contract is down 1.2 percent this week, soybeans are set to finish the week little changed and corn has...

  • BUENOS AIRES, Oct 5- Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said on Thursday. Earlier this year Argentina hired Norway's Spectrum to do a seismic survey in cooperation with state-run oil firm YPF SA.

  • GENEVA, Oct 5- Britain and the European Union plan to send a letter to the rest of the World Trade Organization's 164 members next week, setting out Brexit plans that have already been rejected by seven key agricultural exporters, trade officials said on Thursday. Britain is a member of the WTO in its own right but it has to establish its own distinct membership...

  • SAO PAULO, Oct 5- Russia's VTB Capital on Thursday denied a report that it was mulling a bid to operate an airport in the Brazilian city of Campinas. Responding to a Reuters' question, VTB Capital said it was not involved in the deal. VTB Capital is part of the state-run VTB Group in Russia and has a stake in a consortium that operates an airport in Saint Petersburg, the...

  • SAO PAULO, Oct 5- VTB Capital, the investment banking arm of Russia's second largest bank VTB, has signed a confidentiality agreement to negotiate rights to operate the airport in the Brazilian city of Campinas, Folha de S.Paulo newspaper reported on Thursday. VTB Capital is part of state-run VTB Group in Russia and has a stake in a consortium that operates an...

  • *Graphic of the Reuters stock market poll results: http://tmsnrt.rs/2nHJiJ9. BENGALURU, Oct 5- Global stocks will rise even more over the coming year as optimism about the global economy grows, but a slim majority of equity strategists polled by Reuters also said the current eight-year bull run will end in 2018.. But predictions for over a third of those indexes...

  • SAO PAULO, Oct 4- French car maker Peugeot SA on Wednesday said it was focusing on utility vehicles to lift its market share in Brazil and would offer a similar set of models as it sells in Europe. Brazil is seen by Peugeot, a Groupe PSA company, as one of five priority markets in the world, said Chief Executive Jean-Philippe Imparato to reporters in Sao Paulo on...

  • SAO PAULO, Oct 4- French energy conglomerate Engie SA has appetite for more Brazil acquisitions, and will evaluate assets being sold by Eletrobras, despite spending more than $1 billion in a licensing auction last week, Engie's local unit head told Reuters on Wednesday. Brazil's state-controlled utility Eletrobras, or Centrais Elétricas Brasileiras SA, said...

  • BRASILIA, Oct 4- Brazil's Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, three sources told Reuters on Wednesday, the strongest sign yet that the former banker is seriously eyeing a run for president. Meirelles hired analysts linked to the Getúlio Vargas Foundation think tank to study his...

  • Oct 4- Brazilian stocks slipped off a record high on Wednesday, but analysts saw room for the recent rally to continue as Latin America's largest economy emerges from its worst recession in a century. Brazil's benchmark Bovespa stock index dipped 0.22 percent as investors took some profits. "They're coming out of a very deep recession," said Sara Moreno, managing...

  • However, both were removed because they were deemed too sensitive for beef-producing EU countries such as France and Ireland. The Mercosur countries of Argentina, Brazil, Paraguay and Uruguay had previously said an offer without beef in particular could not lead to a deal. Last week, 11 EU nations led by France and Ireland proposed postponing the farm trade...

  • However, both were removed because they were deemed too sensitive for beef-producing EU countries such as France and Ireland. The Mercosur countries of Argentina, Brazil, Paraguay and Uruguay had previously said an offer without beef in particular could not lead to a deal. Last week, 11 EU nations led by France and Ireland proposed postponing the farm trade...

  • However, both were removed because they were deemed too sensitive for beef-producing EU countries such as France and Ireland. The Mercosur countries of Argentina, Brazil, Paraguay and Uruguay had previously said an offer without beef in particular could not lead to a deal. Last week, 11 EU nations led by France and Ireland proposed postponing the farm trade...

  • BRASILIA, Oct 3- European negotiators have presented their farm trade offer to the South American Mercosur bloc as part of talks for a trade pact they hope to complete by the end of this year, officials from both sides said on Tuesday. Brazilian negotiator Ronaldo Costa Filho confirmed in a forum with business leaders that the European offers for beef and ethanol...