South/Central America

Telefonica SA

Telefonica prevails in battle for Vivendi's Brazil unit GVT

French media company Vivendi (VIV.PA) picked Telefonica (TEF.MC) for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia (TLIT.MI).

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The billion-dollar fall of the house of Espirito Santo

The billion-dollar fall of the house of Espirito Santo

On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it.

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Telecom Italia SpA

Telecom rivals battle for Vivendi's Brazil broadband unit

The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.

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Brazil

Brazil telecoms battle heats up as Oi steps in

The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.

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Argentine national flag

Argentina says proposed debt swap aims to protect investors

Argentina's plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who participated in two debt restructurings, Cabinet chief Jorge Capitanich said on Wednesday.

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BHP Billiton sign

BHP unveils spin-off but disappoints with no buyback

The world's biggest mining company, BHP Billiton BHP.AX BLT.L, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.

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Argentina's Economy Minister Axel Kicillof (L) talks to Cabinet Chief Jorge Capitanich

Argentina holds no positive expectations for Friday's debt hearing

Argentina's Cabinet chief Jorge Capitanich said on Friday the government held no positive expectations for a court hearing in New York later in the day that will discuss the South American country's debt default.

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Buenos Aires

Argentina defaults but investors see eventual deal possible

Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

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Cristina Fernandez

Time almost up for Argentina to avoid debt default

Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.

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Federico Thea

Argentine default looms as time runs out for debt deal

Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted.

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Samsung logo

Brazil bandits steal $6.3 million of Samsung phones, computers

Bandits attacked a Samsung Electronics Co Ltd factory near Sao Paulo late Sunday and held workers hostage while they robbed truckloads of smartphones, tablets and notebook computers the company valued at about $6.3 million.

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Google Search Sunglasses Reflection

Google executives visit Cuba for first time to promote open Internet

A team of top Google executives is visiting Cuba to promote open Internet access, according to a dissident blogger who says she met the group in Havana.

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Brazil vs Croatia

Watch Free Live World Cup 2014 Opening Game: Brazil takes on Croatia

The FIFA World Cup 2014 has officially kicked off despite many setbacks before the event. Watch Brazil play Croatia after the opening ceremony with performances from Jennifer Lopez, Pitbull and more.

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World cup protests

Homeless locals hold World Cup hostage in Brazil

As the World Cup opens this week in Brazil, thousands of poor and homeless Sao Paulo residents have camped out less than 3 miles away from the World Cup stadium, in a bid to pressure their government to provide affordable housing.

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Mining

Social inclusion in mining policy in Columbia gets boost from Ford Foundation research grant

Social scientists at the University of Queensland - Centre of Social Responsibility in Mining received a grant from the Ford Foundation amounting to $US254,000 to improve inclusion and engagement opportunities in Columbia as the resources industry develops.

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