06292016Wed
Last update: Wed, 29 Jun 2016 05am

South America

World - South America

Brazil's Santo Antonio project says partners looking to sell stakes SAO PAULO: Brazil's Santo Ant?nio Energia SA, one of the five largest hydroelectric projects in the country, said on Monday it has been informed by some of its shareholders of their plans to sell stakes in the dam, according to a securities filing. Santo Ant?nio dam will have a total generation capacity of 3,568 megawatts (MW) when fully operational, which is expected by the end of this year or early next year. Copyright Reuters, 2016 ...

World - South America

Venezuela launches crucial referendum phase CARACAS: Venezuelans seeking to oust President Nicolas Maduro amid a food crisis on Monday launched a crucial stage of their drive for a referendum on his rule.Those who signed an initial petition calling for a recall referendum must submit their fingerprints to the electoral authorities in order to authenticate their signatures.Crowds of citizens holding their identity cards queued up first thing Monday morning to have their prints taken at the National Electoral Council in Caracas. ...

World - South America

Third Brazil minister resigns over bribery scandal BRASÍLIA: Brazil's interim president Michel Temer lost the third cabinet member of his month-old administration to a corruption scandal when his tourism minister resigned Thursday after being accused of taking bribes.Tourism minister Henrique Eduardo Alves announced his resignation after a key witness accused him of accepting 1.5 million reals (around $445,000) diverted from state oil company Petrobras.Alves, a member of Temer's center-right PMDB party, said in an open letter he was stepping down to avoid ...

World - South America

Deaths, arrests as looting erupts in Venezuela CARACAS: Venezuelan police have arrested hundreds of people as the country's food crisis erupted into deadly looting this week, heightening hardship and political uncertainty in the impoverished oil-producing nation.Dozens of bakeries, supermarkets and hardware shops were looted on Tuesday in the eastern city of Cumana, the latest flashpoint in a crisis that has killed at least four people so far."It ended in total ruin because the businesses had not only their stock pillaged but also ...

World - South America

Brazil's Temer calls graft allegation a 'lie' BRASÍLIA: Brazil's interim president Michel Temer said Thursday a former oil executive's allegations that he was involved in a massive corruption scandal shaking the country were "frivolous, lying and criminal."Temer took to national television to defend himself after Sergio Machado, the former chief executive of Transpetro -- a subsidiary of state oil company Petrobras -- told prosecutors the interim president personally asked him for money from an illegal kickbacks scheme."I want to address Sergio Machado's ...

World - South America

Brazil's Temer involved in Petrobras graft: witness BRASÍLIA: Brazil's interim president Michel Temer was involved in a massive corruption scandal shaking the country's political establishment and asked for dirty cash diverted from state oil company Petrobras, a key witness said.The explosive allegations were made by Sergio Machado, the former chief executive of Petrobras subsidiary Transpetro, in a plea deal with prosecutors that could take down yet more big-name politicians in the sweeping scandal.Machado said Temer personally asked him for money from an ...

World - South America

Brazil government proposing 20-yr spending cap, says senator BRASILIA: Brazilian Senator Eunicio Oliveira said on Wednesday that the government had proposed a constitutional cap on public spending growth for the next 20 years, with a possible change after 10 years, following a meeting with interim President Michel Temer. Copyright Reuters, 2016 ...