By Rodrigo Viga Gaier and Tatiana Bautzer RIO DE JANEIRO/SAO PAULO (Reuters) -A Brazilian court said on Friday Americanas SA could be liable to repay up to 40 billion reais ($7.9 billion) in debt earl[...]
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Latin America
BMW planning major investment in Mexico, minister says
MEXICO CITY (Reuters) – German carmaker BMW is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister Ma[...]
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Investors snap up record $39 billion emerging market sovereign bond splurge
By Jorgelina do Rosario LONDON (Reuters) – Developing countries have sold a huge $39 billion of international bonds since the start of the year, with investors happy to pile into riskier debt as[...]
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Argentina’s inflation rate at 95%, highest since 1991
By Hernan Nessi and Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s annual inflation hit its highest rate in more than 30 years last month as prices almost doubled versus a year ago, official d[...]
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Volkswagen announces changes to Mexico, Canada supervisory boards
FRANKFURT (Reuters) – German car company Volkswagen Group announced on Thursday promotions in its North American operations, CFO and COO Arno Antlitz posted on LinkedIn. Volkswagen of America Pr[...]
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Brazil’s Americanas shares plunge more than 75% on ‘accounting inconsistencies’
By Paula Laier and Alberto Alerigi SAO PAULO (Reuters) -Shares in Brazilian retailer Americanas SA fell more than 75% on Thursday after its chief executive officer resigned citing the discovery of[...]
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Brazil’s Americanas CEO, CFO resign as $3.88 billion accounting inconsistencies discovered
By Peter Frontini and Carolina Pulice SAO PAULO/MEXICO CITY (Reuters) – Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer resigned after the disc[...]
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Salvadoran lawmakers pass digital asset issuance law in bitcoin haven
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador, which became the first country in the world to recognize bitcoin as a legal tender two years ago, approved on Wednesday a law that would[...]
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Canada, Mexico win auto rules trade dispute with U.S.
By Steve Scherer OTTAWA (Reuters) – Canada and Mexico have won their challenge to the U.S. interpretation of content rules for autos under the new North American trade pact, a dispute panel rule[...]
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