South/Central America

Joe Biden's Rule Allowing Potentially Diseased Beef From Paraguay to Enter US Repealed by Senate

The Senate on Thursday passed a bill reversing the rule of the administration of President Joe Biden allowing beef imports from Paraguay, which has a history of cattle-borne diseases.


Argentina's Economy Minister Issues Warning Over Fuel Shortages: Export Restrictions Loom

Sergio Massa, Argentina's Economy Minister and presidential candidate, has warned oil producers of impending export restrictions unless they address fuel shortages...

Brazil's Top Soybean Hub Mayor Courts Cargill and COFCO for Grain Crushing Boost

The mayor of Sorriso, Brazil's leading soybean producer, plans to attract investments for the local grain crushing industry, highlighting the region's global agricultural potential and promoting the e..

China, Nicaragua New Free Trade Agreement Begins

China and Nicaragua have initiated trading under a newly established free trade agreement, which formally started on Monday...


Latest News

Split in hedge funds group over Puerto Rico's restructuring plan
At a time when creditors of crisis-hit Puerto Rico are gearing up for negotiations on restructuring the Island's debt in smaller alliances, the group of hedge funds was believed to be split off. The h
Brazil to host its own Internet high-speed exchange point away from the U.S. - Telebras
Brazil is to detach its internet connection with U.S., Telebras CEO Jorge Bittar said. A submarine cable with over 30 tbps will be installed from Lisbon to Fortaleza. This would boost Internet speed
Crisis-hit Puerto Rico takes up VAT route to shore up revenues
The debt-ridden Island Puerto Rico has opted for value-added tax (VAT) as a measure to enhance revenues for the government. The new VAT structure will come into force starting1 April 2016.
Cuba renews drive for UN to condemn US embargo
Cuba renews its annual campaign urging the United Nations to condemn the US economic embargo. Foreign Minister Bruno Rodriguez told media the Cold War-era embargo had cost Cuba some $833.7 billion ove
Brazilian PE firm 3G Capital eyes SAB Miller
Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller, through its AnheuserBusch InBev, maker of Budweiser. Paving way for a major consolidati
Puerto Rico's rescue plan draws flak
The five-year restructuring plan proposed for ailing Caribbean island Puerto Rico has become a center of criticism from economists, who question that who shall benefit from this debt deal. Economists
Dollar-starved Venezuelan telecoms turn weaker
Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, the physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their netw
S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory
Brazil's investment-grade credit falls beyond correction and into junk territory as Standard & Poor's downgraded the country's debt Wednesday. According to a report from The Guardian, Standard & Poor'
Corruption scandal rocks crisis-hit Brazil while government gears up for tax hike
The widening budget deficit has become a cause of concern for the Brazil. To speed up the economic recovery, the country needs a tax hike to ease the burden, the country's Chief of Staff Aloizio Merca
Rolls-Royce dragged into Brazil's corruption scandal, accused of giving kickbacks to authorities investigating Petrobras
British engineering crown jewel Rolls-Royce is dragged into the giant Brazilian scandal, as it has been accused of giving kickbacks to officials involved in the state-owned oil giant Petrobras.
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