South/Central America

Mexican flag

Mexico central bank flags risk of Fed move on peso, weak growth

Mexico's central bank held interest rates MXCBIR=ECI steady on Thursday at a record low as policymakers eyed greater risks to growth and flagged concerns that a U.S. Federal Reserve move could hit the sinking peso.

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Brazil's President Dilma Rousseff

U.S. bets on Brazil, extends new invitation to Rousseff

The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies in the Americas.

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General Motors Cruze assembly plant

GM to make next generation Chevrolet Cruze in Mexico

General Motors Co (GM.N) will build its next-generation Chevrolet Cruze small car in Mexico, the company said on Monday. GM will invest $350 million to produce the Cruze at its plant in Coahuila, as part of the $5 billion investment in Mexican plants announced last year. It is the first time the Cruze will be made in Mexico, according to a GM spokeswoman in Mexico, and production will be mainly for the domestic market. The Cruze is currently imported to Mexico from GM's plant in South Korea, she said.

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Toyota Motor Corp

Toyota set to approve Mexico plant within weeks - sources

Toyota Motor (7203.T) is finalizing plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter.

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Petrobras

Petrobras halts giant production unit as safety problems found

Brazil's state-run Petrobras said on Friday it shut its P-58 offshore oil production ship after the country's petroleum regulator ANP found irregularities on board the vessel, one of the company's most important offshore production systems.

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Carlos Slim

Carlos Slim bank unit pledges America Movil stock for new loans

A subsidiary of Mexican billionaire Carlos Slim's Grupo Financiero Inbursa (GFINBURO.MX) bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday.

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Pemex

Mexico's Pemex launches ethanol biofuel program to cut emissions

Pemex is set to launch its first-ever sales of gasoline mixed with cleaner-burning ethanol to reduce greenhouse gas emissions, the Mexican state-run oil company said on Thursday.

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Venezuela's President Nicolas Maduro

Venezuela puts debt service before food imports as cash dries up: sources

Venezuela's government has told the country's food industry that it is limiting dollar disbursements for food imports so that it can pay down foreign debt amid low oil prices, according to two sources with direct knowledge of the situation.

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Crude oil

Its red shirts fading, Venezuela's oil giant embraces pragmatism

A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.

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Car plant

VW to spend $1 billion on Mexico assembly plant expansion for Tiguan

German carmaker Volkswagen will invest about $1 billion to expand its vehicle assembly plant in Mexico's Puebla state and prepare it for production of the new Tiguan compact crossover SUV, the company said on Monday.

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Brazilian President Dilma Rousseff

Brazil's Rousseff says austerity drive to last as long as needed

President Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and positive results will only start showing at the end of this year.

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Volkswagen Group

Volkswagen to announce $1 billion investment in Mexico: source

German carmaker Volkswagen (VOWG_p.DE) will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.

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Protest against fracking

Venezuela uses 'F word' to discredit fracking

(Editor's Note: please be advised that paragraphs one and two contain language that may offend some readers) Venezuela is not mincing words with a new exhibition titled "F---ing Fracking" that denounces the environmental toll of hydraulic fracturing in the United States.

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Hospital

Private equity 'walks on eggshells' as funds eye Brazil hospitals

Brazilian hospitals and health clinics are drawing strong interest from global buyout firms after the government recently decided to allow foreign ownership of those facilities, although the suitors may find only a few promising targets.

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Petrobras

Petrobras hires JPMorgan for $3 billion in asset sales - sources

Petróleo Brasileiro SA (PETR4.SA) has hired JPMorgan Chase & Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday.

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