Latest South America News
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Giant fuel depot blaze on northern outskirts of Rio de Janeiro kills one
RIO DE JANEIRO - One person was killed in a spectacular fire that broke out in a fuel depot on the northern edge of Rio de Janeiro and spread to nearby homes Thursday. Six giant fuel containers at the storage site caught fire, sending giant flames up to 50 meters high leaping into the air and columns of thick smoke far into the sky that could be seen kilometers away. The victim was a ...
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Emerging market flows update – Brazil=“Have Not”
PLND , quote ) a large underperformer in Global Emerging Markets (GEM) this year is seeing fresh allocation interest.The "have nots" continue to be laggards:Brazil ...
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Travel agencies cancel trips to northern Colombia after kidnapping spooks tourists
Three international tourism companies have had to cancel travel packages to the northern region of La Guajira after the kidnapping of two Spaniards in the region resulted in approximately 100 tourists cancelling their ...
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EMERGING MARKETS-Brazil stocks flat as OGX offsets Vale
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa little changed, Mexico IPC falls 0.65 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Brazilian stocks were little changed on Friday as concerns over weak economic growth in China weighed on shares of mining firm Vale, offsetting a gain in oil producer OGX. Mexico's IPC index edged towards its lowest closing level ...
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Reuters Summit Rating agencies alert to Argentina debt ruling souring economy
Beginning in June, Thomson Reuters News & Insight content will be available exclusively on WestlawNext, as part of its Practitioner Insights offering. On June 21, the Thomson Reuters News & Insight website, iPhone app and newsletters will be discontinued. ...
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Colombia’s armed forces continue extrajudicial executions of civilians Report
Colombia’s security forces in 2012 executed 52 civilians who were then presented as enemy combatants killed in combat, according to a report by the human right NGO ...
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Peru funded illegal Amazon rainforest road claims Global Witness | David Hill
The illegal road running towards the Purus National Park which could connect the remote Purus region to the rest of Peru. Photograph: Courtesy of ...
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Whats Behind Venezuelas Toilet Paper Shortage
Venezuela's President Nicolas Maduro greets supporters during a May Day rally in Caracas May 1, 2013. (Carlos Garcia Rawlins/Reuters) Last month, Venezuela elected a president on the recommendation of Hugo Chavez. But as the problems the country faces loom larger, President Nicolas Maduro is finding his predecessor's one-man show a difficult act to follow. It was inevitable that ...
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Brazil bank lending rises 1.1 pct in April defaults stable
BRASILIA/SAO PAULO | Fri May 24, 2013 9:37am EDT BRASILIA/SAO PAULO May 24 (Reuters) - Outstanding loans in Brazil's banking system grew 1.1 percent in April from March, the central bank said on Friday. Loans in arrears for 90 days or more, an industry benchmark for delinquencies, remained unchanged at 5.5 percent of outstanding loans last month, the bank ...
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Colombia peace negotiators to present progress on Sunday
During the official presentation, the two negotiating teams will be accompanied by diplomats from 10 countries, and delegates from Cuba and Norway who have taken part in the process as guarantors. The negotiators will give details about the progress made in regards to negotiations on agrarian reform, the first and reportedly most fundamental topic on the five-point list of issues that — ...
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STXNEWS LATAM-BofA recommends Brazil property shares on uncertain policy
Fri May 24, 2013 8:52am EDT Investors ought to maintain exposure to Brazilian shares that help them hedge against policy uncertainty and inflation or pay high dividends, analysts at Bank of America Merrill Lynch said on Friday. A basket of so-called defensive stocks in sectors such as utilities and commercial property has outperformed the benchmark Bovespa stock index by 14.5 percent, despite ...
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Rosneft PDVSA to work together in Venezuela
Petroleos de Venezuela and Russian energy company Rosneft signed an agreement for a joint venture for Venezuelan operations. Venezuelan Oil ...
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Amazonian Ambition Rosneft signs another joint venture with Venezuela
Russia and the global economy Rosneft, the world's largest publicly traded oil company, is expanding its influence in Venezuela, via a subsidiary of the national oil company PDVSA. The two companies signed a joint venture agreement to develop a river basin in Venezuela. The agreement was signed between Rosneft President Igor Sechin and Venezuelan Oil Minister and President of PDVSA, ...
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Brazils CPFL Renovveis revives IPO plans as market gains steam
SAO PAULO | Fri May 24, 2013 7:20am EDT SAO PAULO May 24 (Reuters) - CPFL Energias Renovveis SA, the alternative energy unit of Brazilian utility CPFL Energia SA , revived plans for an initial public offering, seven months after scrapping them on concern of growing government meddling in the electricity sector. The Sao Paulo-based company said late on Thursday it asked regulators to ...
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Brazil consumer confidence index falls in May - FGV
SAO PAULO | Fri May 24, 2013 7:17am EDT SAO PAULO May 24 (Reuters) - An index that measures consumer confidence in Brazil fell to a reding of 113.4 in May from 113.9 in April, research group Fundao Getulio Vargas said on ...
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Brazil – Labor market continued to lose some of its buoyancy in April
In Brazil, the unemployment rate remained unchanged but real wages continued to moderate due to inflation. At the same time, another tax cut in a key component of CPI was announced (this time on public transport), in line with the trend to use tax cuts to try to contain inflation. In Mexico, headline inflation surprised to the upside, but core inflation remains anchored, supporting our call for ...
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Swedish police seek reinforcement after further clashes
STOCKHOLM (Reuters) - Police in the Swedish capital are to seek reinforcements after youths again set cars ablaze and threw stones at police for a fifth night running, officials said on Friday. Around 30 cars were set on fire in poorer neighbourhoods in northwestern and southwestern parts of the capital on Thursday night and rioters caused widespread damage to property, including schools, police ...
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Kerry to Visit Ethiopia for Security Talks
U.S. Secretary of State John Kerry is headed to Ethiopia for security talks with regional officials and to attend a 50th anniversary celebration for the African ...
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Russia Syria Agrees to Participate in Conference
Russia says the Syrian government has agreed in principle to attend aproposed international peace conference on the country's future. A spokesman for the Russian foreign ministry said Friday that Syria has agreed to participate in the conference that Russia and the U.S. have proposed next month in Geneva. But he said it is impossible to set a date yet because it is not clear yet who will ...
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3 Indian Soldiers Killed in Kashmir Attack
Authorities say the attack took place Friday outside Srinagar, the main city on the Indian section of Kashmir. Rebel groups have been fighting for years for independence from India or a merger with Pakistan. Kashmir is divided between India and Pakistan and they have fought two wars over its ...
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Bridge Collapses in Washington State No Fatalities
In this photo provided by Francisco Rodriguez, rescue boats approach victims at their vehicles in the Skagit River after the collapse of the Interstate 5 bridge in Mount Vernon, Wash., May 23, ...
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Victims of Oklahoma Tornado Get Help From Near and Far
In the Oklahoma City suburb of Moore, the recovery from Monday's deadly tornado is picking up speed, even as locals mourn the loss of at least 24 people, including 10 children. Funerals will begin Friday in Moore, and President Obama plans to visit the town Sunday. Resources are pouring in from all over the country to help those in desperate need. The devastation of her home brought a ...
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FAO Project Will Track S. Sudan Food Production
JUBA, SOUTH SUDAN -- The United Nations Food and Agriculture Organization (FAO) on Thursday launched a $9 million project aimed at helping South Sudan to better track food production, a move that officials hope will allow alerts of possible food shortages to be raised well ahead of time. The three-year project would replace the current system, under which "we don’t really know how ...
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Fire at giant fuel depot in Brazil leaves one dead amid scene of devastation
Six giant fuel containers at the storage site caught fire, sending giant flames up to 50 meters (165 feet) leaping into the air and columns of thick smoke far into the sky that could be seen miles ...
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Brazil delays mining bill to reach Congress in June
- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral ...
Rio de Janeiro Digest
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Rio's uphill battle to host the Games
Rio de Janeiro has many aspects, it is the party capital of Brazil, the internationally recognized face of the country, the most visited city in Brazil, the crime capital of South America, a city with some of the highest drug use statistics and, more recently, the host city of the 2016 Summer Olympics. Winning that particular war has not been easy.
Rio de Janeiro, this bustling city of 6 million people (14 million if one includes the greater metro area) is the second largest city in Brazil and is famous for its statue Christ the Redeemer, which sits atop Corcovado Mountain and has looked down upon the city for almost 100 years. It is also famous for the internationally known Carnivale, the city’s samba schools, the fabulous beaches that grace our shoreline and Sugarloaf Mountain with its ancient cable car. Read more
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