A BHP Billiton and Vale joint venture in Brazil is facing its first civil lawsuit over the dam collapse at its iron ore mine on November 5 that buried a town and contaminated the region's main river.
Economic activity in Brazil contracted for the fourth straight quarter, central bank data showed this week as Latin America's biggest economy plunges further into recession. The bank's IBC-Br economic activity index indicates economic activity fell 1.41% in the third quarter from the previous three months.
A slowdown in China, which gobbled up raw materials everywhere from Australia to Chile, exacerbated a supply glut in most major commodities. And Goldman Sachs thinks the pressure is likely to persist as it noted its underweight position in commodities for the next 12 months.
Brazil’s government is considering a debt plan to bolster the capital of heavily indebted state-controlled oil Petrobras, Agencia Estado news agency reported on Thursday. Under the plan, the Brazilian Treasury would transfer so-called hybrid securities to Petrobras, which would then book the securities as equity until it sold new stock, Estado reported.
The one-off Copa America Centenario will be played in 10 cities across the United States next summer. On Thursday, U.S. Soccer and CONCACAF, soccer's regional governing body, announced the final venues winnowed down from the list of two dozen interested markets released in January.
The president of Chile's ANFP national football association Sergio Jadue has gone to the United States to talk to the FBI as part of its ongoing probe into corruption at soccer governing body FIFA, Santiago media reported.
Brazil's oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement. The financing will contribute towards its fundraising efforts for 2016.
Passengers and crew forced to abandon a cruise ship due to a fire in the engine room causing loss of power, were all safe and without injury in Stanley yesterday morning. This followed a complex rescue and care mission comprising British Forces from Mount Pleasant, Government emergency services, the ship’s agents Sulivan Shipping and with support from local farmers.
Argentina will likely end the year with a fiscal deficit of 3.5% of GDP, Economy Minister Axel Kicillof said on Wednesday, rejecting estimates by the opposition for a deficit around twice as high.
Brazil's Congress has upheld President Dilma Rousseff's vetoes of two bills to raise public spending, a victory for the embattled leader as she tries to close a gaping fiscal deficit and regain investors' confidence.