South/Central America

Nissan

Nissan recalls autos in Mexico to check Takata air bags

Nissan Motor Co Ltd (7201.T) said on Wednesday it has ordered the recall of more than 80,000 vehicles sold in Mexico to check for potential defects stemming from air bags made by Japanese company Takata Corp (7312.T).

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Carrefour

Tycoon Diniz in talks to buy part of Carrefour's Brazil unit

Brazilian tycoon Abilio Diniz is in talks with Carrefour SA about buying a stake in the French retailer's Brazilian unit, a source with direct knowledge of the situation said on Wednesday.

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Crude Oil

Citgo valued at more than $10 billion in revised bids

Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter.

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International Monetary Fund

IMF says Argentina meets targets for more accurate data

Argentina has taken all the required steps so far to revamp its economic data but must still meet one more deadline as it seeks to bring the quality of its statistics in line with global standards, the International Monetary Fund's board said on Monday.

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Steel mill

Brazil's CSN, partners see new venture done by end-2015

Cia Siderurgica Nacional SA, Brazil's largest diversified steelmaker, and a group of Asian partners agreed on Friday to move forward with a merger of their mining and logistics assets that would be completed next year.

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Finance Minister Luis Videgaray

Mexico finance minister bought home from government contractor in scandal: WSJ

Mexico's finance minister bought a home from a government contractor who is at the center of a conflict-of-interest scandal embroiling President Enrique Pena Nieto and his administration, the Wall Street Journal reported on Thursday.

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Sao Paulo, Brazil

A glum Christmas for Brazil retailers - and little cheer ahead

Brazilian retailers are expecting their worst Christmas season in a decade and signs are pointing to an unhappy New Year ahead.

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U.S. Secretary of State John Kerry

Kerry feels heat on Keystone oil pipeline at U.N. climate talks

U.S. Secretary of State John Kerry on Thursday urged countries at U.N. climate talks in Lima to move away from using fossil fuels while demonstrators gathered outside the meeting urged him to reject the Keystone oil pipeline.

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Coffee Beans

Crowd-funded coffee machine touts taste through tech

A German entrepreneur has invented an in-home machine that quickly turns raw beans into a freshly brewed cup of coffee, racking up 5,000 pre-orders as consumers search for the perfect brew and retailers hunt for new ways tap the coffee market.

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Mexico's President Enrique Pena Nieto

First step in possible minimum wage increase presented in Mexico

President Enrique Pena Nieto on Friday presented a bill to Mexico's lower house that represents the first step towards a possible increase in the country's low minimum wage.

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Azul Linhas

Brazil airline Azul plans IPO in Sao Paulo and New York

Azul SA, Brazil's third-biggest airline, revived plans for an initial public offering in Sao Paulo and New York as it prepared to add the first of 75 Airbus jets and to begin flights to the United States.

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Brazil's largest fixed-line telecoms group Oi

Telecoms group Altice set to buy Oi's Portugal operations

Telecoms group Altice SA (ATCE.AS) has agreed to buy the Portuguese operations of Brazil's Grupo Oi (OIBR3.SA) for about 7.4 billion euros ($9.2 billion), in what will be its third large acquisition this year.

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Joaquim Levy

Brazil's Levy says lower debt will open room for social spending

Brazil's efforts to bring down its debt will translate into renewed investor confidence and additional room to continue poverty-reduction policies for the years to come, incoming Finance Minister Joaquim Levy said on Saturday.

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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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