South/Central America

Flag of Puerto Rico

Puerto Rico's $2.9 bln bond deal will not happen before early 2015-sources

Puerto Rico's planned bond deal of up to $2.9 billion will not happen before early 2015, two finance industry sources briefed on the matter said on Monday.

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Suburban train

Mexico to discuss canceled $3.75 billion train contract with China

Mexico's transportation minister will meet with Chinese government officials on Monday to discuss the cancellation of a $3.75 billion high-speed rail contract that was awarded to a Chinese-led consortium, Mexico said on Sunday.

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Butchers

Brazil's JBS says $1.25 billion Primo buy to boost Asian sales

Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia.

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Sao Paulo

Brazil meat company JBS to buy Australia's Primo for $1.25 billion

Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, has agreed to buy Australian processed foods producer Primo Smallgoods for $1.25 billion.

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Petrobras

Petrobras scandal may change Brazil forever, Rousseff says

A widening corruption scandal at state-run oil company Petroleo Brasileiro SA may change the country forever, Brazilian President Dilma Rousseff said on Sunday in her first public remarks since a sweeping police operation last week.

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Alstom

Mexico City awards $430 million train contract to Alstom

French engineering group Alstom SA has won a 5.812 billion peso ($429.4 million) contract to modernize 85 trains used in the Mexico City metro system, the government of the Mexican capital said.

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Workers' Strike

Brazil's Embraer says strike blocking 'critical operations'

Brazilian planemaker Embraer SA (EMBR3.SA) said on Saturday that a strike that began this week stopped it from delivering planes, processing bills and conducting other "critical operations" after union workers blocked factory doors.

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Railway in China

Mexico scraps $3.75 billion China rail deal ahead of state visit

Mexico has revoked a $3.75 billion high-speed rail contract from a China-led consortium after its uncontested bid prompted an outcry from lawmakers, souring a state visit to Beijing next week by President Enrique Peña Nieto.

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Venezuela's President Nicolas Maduro (L)

Venezuela to hike minimum wage 15 percent amid high inflation

Venezuelan President Nicolas Maduro announced on Monday a 15 percent increase in the minimum wage starting in December to protect workers from inflation of more than 60 percent.

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Brazil's largest fixed-line telecoms group Oi

Oi says no accord signed to make joint bid for Brazil's TIM

Brazilian telecommunications provider Oi SA (OIBR4.SA) said on Monday it has not entered into any agreement to join a group of rivals to buy Telecom Italia SpA's (TLIT.MI) stake in Brazilian phone company TIM Participacoes SA TIMP4.SA.

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Diageo PLC

Diageo, Jose Cuervo near deal to swap brands

Diageo PLC (DGE.L) is nearing a deal with Jose Cuervo that would give the British liquor company full ownership of Don Julio tequila in exchange for its Bushmills whiskey label, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

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America Movil

America Movil, Telefonica, Oi to bid for Brazil's TIM: report

Mexico's America Movil SAB, Spain's Telefonica SA and Brazil's Grupo Oi SA agreed to place a bid for and to break up TIM Participações SA (TIMP3.SA), Brazil's second-largest wireless carrier, Folha de S. Paulo reported on Friday without saying how it obtained the information.

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Motor Show

At Brazil auto show, industry wonders if it can get any worse

Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.

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Jim Chanos

Chanos takes profit on his top 2014 short sale - Brazil

Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country's downside risk is priced in after the sharp selloff over the past two months.

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Chiquita

Cutrale-Safra wins takeover battle for fruit producer Chiquita

Chiquita Brands International Inc (CQB.N) agreed on Monday to a $682 million takeover by Brazilian juice maker Grupo Cutrale and investment firm Safra Group, with the U.S.-based banana producer going private early next year at the latest.

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