South/Central America

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.

Read Full Article

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.

Read Full Article

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.

Read Full Article
British American Tobacco Cigarette Factory

British American Tobacco mulls $3.5 billion buyout of Brazil unit stake

British American Tobacco Plc (BATS.L) is considering a buyout of the 24.7 percent stake it does not already own in Souza Cruz SA (CRUZ3.SA), Brazil's largest cigarette company, in a deal that could cost about 2.3 billion pounds ($3.53 billion).

Read Full Article
Agustin Carstens

Possible rate hikes unlikely to affect Mexico growth much: Carstens

Possible interest rate increases in the months ahead are unlikely to have a major impact on growth in Mexico, central bank governor Agustin Carstens said on Tuesday.

Read Full Article
Colombia Flag

Colombia to delay $2.44 billion in spending due to oil price fall

Colombia will delay spending 6 trillion pesos ($2.44 billion), some 3 percent of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.

Read Full Article
General Motors (GM)

Strike at Brazil plant catches General Motors off guard

General Motors Co was caught by surprise on Friday by a strike at its Brazilian car factory as workers protested a planned furlough and layoff of hundreds of staff, in the latest labor disruption in the nation's slumping auto industry.

Read Full Article
Buenos Aires

Argentina mum on offer by 'holdout' funds to resume debt talks: mediator

The mediator in the case brought by investors who rejected Argentina's 2005 and 2010 debt restructurings said on Thursday that the "holdout" investors offered to reopen talks with Buenos Aires, but the government had not responded.

Read Full Article
Flag of Puerto Rico

Puerto Rico bankruptcy bill to get House hearing: sources

A long-shot bill to give Puerto Rico's ailing public agencies a chance to restructure their massive debts under the section of U.S. bankruptcy law used by cities such as Detroit and Stockton, California, will get a hearing before a key congressional committee, according to two sources familiar with the matter.

Read Full Article

U.S. eases restrictions on imports from private Cubans

The United States on Friday eased restrictions on imports of goods and services from private Cuban entrepreneurs as part of Washington's rapprochement with Havana after more than half a century of enmity.

Read Full Article
Rodolfo Marco

Venezuela to announce change in fuel policy 'soon'

Venezuela will announce a change of policy soon on gasoline, the finance minister said in an interview broadcast on Friday, signaling the OPEC nation is moving ahead with along-awaited hike in the world's cheapest fuel.

Read Full Article
Del Taco fast food restaurant

Levy Acquisition Corp in the lead to acquire Del Taco: sources

Levy Acquisition Corp (LEVY.O), the blank-check acquisition vehicle of Chicago restaurateur Larry Levy, is in advanced talks to acquire Del Taco Inc, a U.S. fast food chain specializing in Mexican cuisine, according to people familiar with the matter.

Read Full Article

New Petrobras CEO must walk political, accounting mine field

By picking a banker instead of an oil executive to run Petrobras, Brazilian President Dilma Rousseff appears to have recognized that the state-run company's biggest priority is to clean up its books and acknowledge how many billions of dollars it lost to a corruption scheme in recent years.

Read Full Article
Petrobras Faces Serious Program Over Business Plan

Brazil's Petrobras taps state banker as CEO; shares dive

Brazil's President Dilma Rousseff tapped a confidant from a state-run bank to be the next head of Petrobras on Friday, chilling investor hopes that a more independent new management team would steer the oil firm out of a huge corruption scandal.

Read Full Article
Brazilian President Dilma Rousseff

Brazil's Rousseff urges cabinet to back belt-tightening

Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics