Brazil
OGX down 39 percent as Brazil oil company fights to survive
RIO DE JANEIRO - Brazilian billionaire Eike Batista's flagship oil company OGX Petroleo e Gas SA slashed capital spending on Monday and pulled the plug on three offshore oil prospects, the latest move by his EBX Group to bolster finances and avert collapse.
Partiers outnumber protesters in Rio at Confederations Cup final
RIO DE JANEIRO - The climax of a major international soccer tournament that provided the backdrop for the biggest mass protests to sweep Brazil in 20 years was set to kick off late Sunday as scattered demonstrations proceeded amid an otherwise festive feel.
Brazil to raise taxes to offset any future subsidies: minister
SAO PAULO - Brazil will raise taxes or cut public spending to compensate for any future subsidies it offers to support struggling sectors, Finance Minister Guido Mantega told a local newspaper in an interview published on Sunday.
Brazilian president's plan to import doctors faces resistance
SAO PAULO - President Dilma Rousseff's plan to import foreign doctors to work in rural and poor parts of Brazil, part of a move to quell massive street protests over poor public services, has run into stiff opposition from the powerful medical lobby.
Brazil truckers call for 72-hour strike starting Monday
SAO PAULO - Brazil's trucking union is calling for a 72-hour strike starting on Monday, potentially slowing the movement of record soy, corn and sugar crops to ports, although unlikely to stop exports.
Analysis: Brazil's mass protests peak, ball in politicians' court
BRASILIA - The massive protests that paralyzed Brazil last week appear to have peaked after sending the country's shaken political establishment a loud message that it needs to change its ways.
Fresh protests in Brazil despite government concessions
BRASILIA/BELO HORIZONTE - Tens of thousands of Brazilians took to the streets on Wednesday in new demonstrations calling for a crackdown on corruption and better public services, just a day after Congress ceded to some of the key demands galvanizing protests across the country. | Video
Fresh protests in Brazil despite government concessions
BRASILIA/BELO HORIZONTE - Tens of thousands of Brazilians took to the streets on Wednesday in new demonstrations calling for a crackdown on corruption and better public services, just a day after Congress ceded to some of the key demands galvanizing protests across the country. | Video
Analysis: Brazil riots raise questions over sporting mega-events
BERNE - Brazilian anger against the cost of staging the World Cup could undermine the argument that host countries benefit from sporting mega-events as they become too big for most countries to handle.
Rousseff's referendum plan for Brazil runs into trouble
BRASILIA - Brazilian President Dilma Rousseff's bid to defuse a sudden outburst of national discontent by proposing a referendum on political reforms ran into stiff opposition on Tuesday from politicians and lawyers who questioned its legality.
Egypt's Mursi rebuffs army ultimatum, sets own course
CAIRO - President Mohamed Mursi rebuffed an army ultimatum to force a resolution to Egypt's political crisis, saying on Tuesday that he had not been consulted and would pursue his own plans for national reconciliation. | Video
Ethiopia and Eritrea: An elusive peace on the cards?
Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.
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