South/Central America

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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Brazil's President Dilma Rousseff

Rousseff will struggle to restore Brazil's economic good times

President Dilma Rousseff narrowly won re-election by spending heavily and promising to extend the fight against poverty but she will need to restore order to public finances in her second term to get Brazil's stalled economy back in gear.

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Brazil's BM&F Bovespa Stock Exchange

Brazil real slumps to 2005 low, Bovespa erases 2014 gains

The Brazilian real on Thursday slumped to a 9-1/2-year low while the Bovespa stock index erased its 2014 gains as investors feared President Dilma Rousseff may defeat market-favorite candidate Aecio Neves in Sunday's presidential election.

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Nestle SA

Nestle keeps W. Africa plants open, ready to act if Ebola spreads: CEO

Nestle has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the Chief Executive of the world's largest food company said on Wednesday.

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Copper refinery

Chile copper boom begins to fade as production headaches mount

The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply.

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Venezuela's President Nicolas Maduro

Maduro says Venezuela's 2015 budget to put oil at $60 dollars

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

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Maternity hospital in Caracas

Venezuela music project helps low-income kids even before birth

When Adan Bello was born in Caracas, he barely cried. Then the Venezuelan baby's blinking eyes turned towards the calm melody of a duo of harpists playing Brahms' "Cradle Song" in the corner of a public hospital's maternity wing.

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Grocery

Chiquita board rejects Cutrale-Safra offer, may weigh improved bid

The board of Chiquita Brands International Inc (CQB.N) on Thursday said a takeover bid by Brazilian juice maker Grupo Cutrale and investment firm Safra Group was "inadequate," and again recommended shareholders back a tie-up with Irish rival Fyffes Plc (FFY.I).

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CH-47F Chinook helicopter

Boeing eyes possible Chinook helicopter sale to Brazil

The Brazilian Army has expressed interest in buying a handful of Boeing Co (BA.N) CH-47 Chinook helicopters, the company said on Wednesday, saying that it continued to view Brazil as an important partner for defense and commercial projects.

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Banamex

Citi's consumer banking head plans to leave: WSJ

Manuel Medina-Mora, head of Citigroup Inc's (C.N) consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation.

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Port

Ports tighten ship entry procedures as Ebola fears spread

Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus.

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Oceanografia

Mexico's Grupo Aleman to buy Oceanografia

Mexico's Grupo Aleman, which owns the airline Interjet, on Wednesday said it has agreed to buy Oceanografia, the bankrupt oil services company at the center of a loan scandal that cost Citigroup more than $500 million.

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