South/Central America

Venezuelan bolivar notes

Venezuela's currency woes an increasing threat to U.S. corporate profits

Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year.

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Ildefonso Guajardo Villarreal

Mexico says Pacific free trade deal 'feasible' in mid-March

A deal on a 12-nation Asia-Pacific trade pact could be concluded in mid-March, Mexico's economy minister, Ildefonso Guajardo, said on Thursday.

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President Dilma Rousseff of Brazil

Brazil risks recession as central bank bucks global trend, raises rate

Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy.

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Tampon

Argentina: What the tampon rumpus says about the troubled country

Argentines have been complaining for a while now about the country's product shortages. And, until recently, the government has managed to brush aside such protests, which have centered around Argentina's import restrictions.

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Brazilian Currency

Credit Suisse sees stable Brazil dealmaking activity this year

Mergers and acquisitions activity in Brazil this year is likely to have a performance similar to last year's even if sluggish growth further weighs down confidence in Latin America's largest economy, a senior Credit Suisse Group AG dealmaker in the country said.

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Chipotle

Chipotle's pork plight could hurt first-quarter results

Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare rules could bolster its reputation with diners but threatens sales and profits this quarter.

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Brazil's BM&F Bovespa Stock Exchange

Brazil's industrial output drops unexpectedly in November

Brazilian industrial output took an unexpected step backward in November as production of durable goods declined sharply, further damping hopes of a recovery in the long-beleaguered sector.

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Venezuela's President Nicolas Maduro

Venezuela's Maduro to visit China, OPEC nations amid cash crunch

Venezuelan President Nicolas Maduro said on Sunday he will visit China and several unspecified OPEC countries during a week-long tour meant to improve the South American nation's finances, which have been weakened by tumbling crude prices.

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Banco do Brasil

Banco do Brasil gets central bank approval for Cielo venture

Banco do Brasil SA (BBAS3.SA), the nation's largest bank by assets, said on Friday it received approval from the central bank for a joint venture with card payment processor Cielo SA (CIEL3.SA), but it will not be able to book accounting gains from the deal.

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Gold Mining

Brazil to rework mining code stalled in Congress, minister says

Brazil's government plans to rework parts of the country's new mining code currently stalled in Congress, the new Mines and Energy Minister Eduardo Braga said on Thursday.

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Venezuela's President Nicolas Maduro

Recession-hit Venezuela vows New Year reforms, foes scoff

President Nicolas Maduro vowed on Tuesday to reform Venezuela's Byzantine currency controls in early 2015 as part of a six-month plan to shake Venezuela out of recession, but foes accused him of incompetence and inaction.

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Buenos Aires, Argentina

Argentina's debt crisis seen rumbling on until 2015 election

Crunch time for Argentina fixing its debt default will almost certainly not be January, as many investors had hoped, but a year later once the country's next president takes office and tries to get the ailing economy moving again.

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Petrobras

Petrobras deadline prompts some bondholders to push for default

Petrobras, Brazil's state-run oil company, could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corruption scandal.

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Venezuela's President Nicolas Maduro

Famous Venezuelan ice-cream store closes over milk shortage

An ice-cream store listed in the Guinness World Records book for its 863 different flavours has become the latest victim of Venezuela's economic crisis.

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Iusacell

Mexico competition watchdog signs off on AT&T's Iusacell buy

Mexico's competition regulator on Sunday approved AT&T Inc's $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said.

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