RIO DE JANEIRO/BRASILIA - Argentina's debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.
BRUSSELS - The maker of Budweiser, Stella Artois and Corona beers experienced a sharp surge in sales in Brazil during the World Cup with the month-long contest leading to consumption of an extra 140 million liters or 2 million barrels.
BRASILIA - High inflation should not keep Brazilian President Dilma Rousseff from getting re-elected in October because wage earners have been cushioned by social gains made during a decade of Workers' Party rule, the party's boss said.
- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co.
SAO PAULO - Genetically modified corn seeds are no longer protecting Brazilian farmers from voracious tropical bugs, increasing costs as producers turn to pesticides, a farm group said on Monday.
- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA's Pilgrim's Pride for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co.
- U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth.
SAO PAULO - General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America's largest economy.
SAO PAULO - Amgen Inc, the world's biggest biotechnology company, has had a surge in sales in Brazil this year and it plans to double its drug portfolio in the country by the end of the decade, the company's top local executive says.
BRASILIA/MILAN - Telecom Italia does not rule out merging its Brazilian operator with a local rival but such a move is not on the agenda for now, its chief executive said after meeting Brazil's president on Wednesday.
GAZA/JERUSALEM - A Gaza ceasefire was in jeopardy just hours after it began on Friday, with the Islamist group Hamas saying Israeli tank fire killed four people and Israel accusing militants of violating the truce. | Video