Brazil

Petrobras sells Peru unit to PetroChina/CNPC for $2.6 billion

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BRASILIA/BEIJING - Brazil's state-run oil company Petrobras has struck a deal to sell its Peruvian oil and gas assets to PetroChina , China's top oil and gas firm, and its parent China National Petroleum Corp (CNPC) for $2.6 billion.

World Bank says expanded access to banking services comes with risks

WASHINGTON - In Brazil, bank customers can access their accounts aboard a floating bank on the Amazon River. In Mexico, rural residents find banking services inside popular stores like Walmart or 7-Eleven, or at their local pharmacy.

Mexico 11 Nov 2013

Vale offers to sell its stake in Norsk Hydro

OSLO - Brazilian miner Vale will put up for sale most of its shares in Norwegian aluminum producer Norsk Hydro in a planned exit from an asset it has long considered non-core, the company said on Monday in a securities filing.

Factbox: OSX's path through Brazil's bankruptcy process

- Brazilian shipbuilder OSX Brasil filed for bankruptcy on Monday, a source told Reuters, making it the second company controlled by former billionaire Eike Batista to seek court protection from creditors.

11 Nov 2013

United Nations needs to deal with excessive spying: Germany, Brazil

UNITED NATIONS - Revelations of U.S. global spying have raised digital privacy protection questions the United Nations needs to address, Germany and Brazil said on Thursday as they introduced a resolution calling for an end to excessive electronic surveillance.

Brazilian leader's strategy bolsters re-election chances: poll

BRASILIA - Brazilian President Dilma Rousseff is coasting into an election year as clear favorite, but she must do more to curb violence and corruption to maintain her popularity, a poll showed on Thursday.

World, 07 Nov 2013

Brazil greenhouse gas emissions down 4.9 pct in 2012 —report

SAO PAULO - Brazil's greenhouse gas emissions (GHG) fell 4.9 percent in 2012 as declining deforestation rates and a drought-induced drop in cattle herds outweighed increased emissions from the energy sector, an independent study showed on Thursday.

Environment, 07 Nov 2013

Telecom Italia rebel investor calls for Brazil partnership: sources

MILAN - Telecom Italia rebel investor Marco Fossati told an analyst meeting that a partnership with Vivendi's GVT subsidiary in Brazil would help the Italian phone group relaunch its business, two participants at the meeting said on Wednesday.

Bill would allow Brazil to decree local Internet data storage

BRASILIA - Brazil is pushing ahead with legislation that would force global Internet companies such as Google and Facebook to keep data on Brazilian users inside the country, despite opposition from the companies and in Congress.

World, Tech, Media, 05 Nov 2013

Batista's OSX gets lifeline as two banks refinance loan -sources

SAO PAULO - OSX Brasil SA , the struggling shipbuilder controlled by former Brazilian billionaire Eike Batista, got a much-needed lifeline on Tuesday after two banks agreed to refinance a 400 million real ($175 million) loan 17 days after it had come due.

05 Nov 2013
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Desperate Philippine typhoon survivors loot, dig up water pipes

TACLOBAN, Philippines - Desperation gripped Philippine islands devastated by Typhoon Haiyan as looting turned deadly on Wednesday and survivors panicked over shortages of food, water and medicine, some digging up underground water pipes and smashing them open. | Video