Brazil
Brazil IPO to value BTG Pactual at about $14.6 billion
SAO PAULO - BTG Pactual and its shareholders were finalizing the details on Tuesday of an initial public offering that could value the 3-year-old bank at about $14.6 billion, a show of confidence in Brazil's biggest independent investment bank and its billionaire founder, André Esteves.
Petrobras, Vale eye rare earths deal to replace China
RIO DE JANEIRO - Brazil's state-run oil company Petrobras and mining giant Vale are in talks over a rare earths deal that would allow Vale to replace China as Petrobras' supplier of lanthanum oxide for oil refining, sources close to the negotiations said.
Brazil inflation gains steam in mid-April
SAO PAULO - Inflation in Brazil rose slightly more than expected in the month to mid-April, breaking with an easing trend that allowed the central bank to focus on stimulating growth by cutting interest rates to near record lows.
Embraer says signs $2.5 billion financing deal with China's ICBC
- Brazilian planemaker Embraer signed a memorandum of understanding on Monday with China's ICBC Financial Leasing Co. Ltd. under which ICBC will provide up to $2.5 billion in financing for planes over five years in one of Embraer's most promising markets.
Celesio to raise stake in Brazil's Panpharma-sources
FRANKFURT - Europe's largest drugs distributor Celesio is set to significantly boost its stake in Brazil's largest drugs distributor Panpharma from currently 50.1 percent, two people with the matter said.
Brazil's Rousseff achieves record approval: newspaper
SAO PAULO - Brazilian President Dilma Rousseff's administration reached a record-high approval rating in April but voters still long for the return of predecessor Luiz Inacio Lula da Silva, a newspaper reported on Sunday.
Argentina seeks Petrobras collaboration in YPF
BRASILIA - Argentine Planning Minister Julio De Vido approached Brazil and its state-run oil company Petrobras on Friday to invite greater investment and collaboration with oil company YPF, which the government announced this week it would seize.
New prosecutor seeks to stop Chevron Brazil ops
RIO DE JANEIRO - A new prosecutor in the case against Chevron Corp and drilling firm Transocean Ltd for an offshore oil spill said Thursday he will seek to suspend the companies' operations in Brazil, a sign that he may be just as tough on the companies as his predecessor.
Venezuela's election battle: Chavez vs Chavez
CARACAS - Hugo Chavez's biggest enemy ahead of this year's presidential election in Venezuela could be the socialist leader himself.
AmBev to buy control of Dominican brewer CND
- Anheuser Busch InBev's Brazilian unit AmBev agreed to buy a roughly 51 percent stake in the Dominican Republic-based brewer Cerveceria Nacional Dominicana (CND) for over $1.2 billion, forming the biggest beverage company in the Caribbean.
Norway bomb blast diverted police, court hears
OSLO - When a large car bomb exploded at Oslo's central government building last summer, killing eight and injuring more than 200, police first thought they were dealing with two bombers who were about to mount new attacks in the capital.
Greek debt – remember the goats
Greece's creditors have essentially let it off the hook by overwhelmingly agreeing to take a 74 percent loss. So what better time to remember one of the first times Athens got in trouble with paying its debts.
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