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Fri, 9 May 2008 15:26:00 GMT

UPDATE: Tel Italia 1Q Net -35% On Weak Wireline, Brazil Loss

OF DOW JONES NEWSWIRES MILAN -(Dow Jones)- Telecom Italia SpA (TI) said Friday first-quarter net profit fell 35% from a year earlier, as domestic fixed-line revenue remained under pressure and losses widened in its Brazilian mobile business. Italy's
Fri, 9 May 2008 15:26:00 GMT

UPDATE: Tel Italia 1Q Net -35% On Weak Wireline, Brazil Loss

(Adds share reaction, details, asset manager comment) By Giada Zampano OF DOW JONES NEWSWIRES MILAN -(Dow Jones)- (TI) said Friday first-quarter net profit fell 35% from a year earlier, as domestic fixed-line revenue remained under pressure and losses
Fri, 9 May 2008 15:23:00 GMT

Latin Americans issue regional food emergency

AM Agence France-Presse MANAGUA - Seventeen Latin American governments issued a regional food 'emergency' Wednesday at the close of a one-day summit on the food crisis that underscored an ideological split among its participants. The final statement
Fri, 9 May 2008 15:23:00 GMT

Gas pushes above $3.67 a gallon, while oil passes $126 on Venezuela supply concerns

NEW YORK (AP) - Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas
Fri, 9 May 2008 15:18:00 GMT

A Big Buy On Brazil

Worried about your portfolio going south? Don't worry, advises Tom Del Zoppo. HSBC's head of cash equities for the Americas thinks that's the best place for at least part of it to go. He's especially enthusiastic about Brazil. 'They really have
Fri, 9 May 2008 15:18:00 GMT

Fitch: Brazilian Toll Road Industry Growth to Continue

RIO DE JANEIRO, Brazil - (Business Wire) Fitch Ratings expects continued market growth in Brazil's toll road sector, along with strong competition for new auctions, new players entering the market and potentially reduced profitability for new projects,
Fri, 9 May 2008 15:17:00 GMT

Colombia extradites warlord to US

Colombia extradited a paramilitary warlord to the US on Wednesday for trial on drug charges, accusing him of violating a peace pact by selling drugs and commanding illegal militia fighters from prison. A grim-faced Carlos Mario Jimenez, handcuffed and
Fri, 9 May 2008 15:17:00 GMT

Gas jumps above $3.67, oil passes $126 on Venezuela concerns

NEW YORK -- Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices,
Fri, 9 May 2008 15:12:00 GMT

Mexico police chief shot dead

MEXICO CITY: Mexico's acting police chief was shot dead early yesterday outside his home, a brazen attack as drug traffickers lash back at a nationwide crackdown on organised crime. Edgar Millan Gomez, 41, was shot 10 times after opening the door to his
Fri, 9 May 2008 15:08:00 GMT

A Rio de Janeiro tour company is offering an intimate a view of life in the city's notorious slums, including photo opportunities with drug gang leaders.

There are a multitude of things to see and do while vacationing in Brazil, but this wasn't on our list: The Brazilian city's tourism chief said this week that the company, Private Tours, could be stripped of its license after a report in the Folha de Sao
Fri, 9 May 2008 15:08:00 GMT

Brazilian tour operator: Come see our slums!

There are a multitude of things to see and do while vacationing in Brazil, but this wasn't on our list: A Rio de Janeiro tour company is offering an intimate a view of life in the city's notorious slums, including photo opportunities with drug gang
Fri, 9 May 2008 15:08:00 GMT

Linear and Kinross Gold Expand Cerro la Mina Deposit and Offset New Gold Zone at the Ixhuatan Project, Mexico

- Linear Gold Corp. (TSX: LRR.TO) is pleased to report on the progress of drilling at the Ixhuatan project, Chiapas Mexico. Kinross Gold Corp. (TSX: K.TO) is earning an interest in the project from Linear and has provided Linear with its second
Fri, 9 May 2008 15:05:00 GMT

International Leaders: Chile's Enersis Fuels Growth In Latin America

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Fri, 9 May 2008 15:05:00 GMT

Linear and Kinross Gold Expand Cerro la Mina Deposit and Offset New Gold Zone at the Ixhuatan Project, Mexico

Highlights of work during the quarter include the results from hole IXCM08-47 which successfully offsets mineralization found in hole IXCM07-44 and hole IXSI08-03 which substantiates the recently identified gold zone at the San Isidro target area,
Fri, 9 May 2008 15:01:00 GMT

Gas pushses above $3.67 a gallon, while oil passes $126 on Venezuela supply concerns

The Wall Street Journal published a report that suggested closer ties between Venezuelan President Hugo Chavez and rebels attempting to overthrow Colombia's government. Chavez has been linked to Colombian rebels previously, but the paper reported it had
Fri, 9 May 2008 15:01:00 GMT

Shipper files antitrust suit against Puerto Rico carriers

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Fri, 9 May 2008 15:00:00 GMT

Car full of weapons lands US soldier in Mexican jail

When he crossed the U.S.-Mexico border, Spc. Richard Torres was carrying a small arsenal in his car: an AR-15 assault rifle, a .45-caliber handgun, 171 rounds of ammunition, several cartridges and three knives.At a checkpoint, Torres didn't try to hide
Fri, 9 May 2008 14:58:00 GMT

Gas jumps above $3.67, oil passes $126 on Venezuela concerns

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Fri, 9 May 2008 14:57:00 GMT

Bioenergy production surpasses hydroelectric power in Brazil

Energy produced from sugarcane exceeded hydroelectric power production in Brazil in 2007, energy officials said Thursday. This is the first time in Brazilian history that bioenergy production has surpassed that of hydroelectric power, said Mauricio
Fri, 9 May 2008 14:57:00 GMT

Brazilian grain crop output to hit record in 2007

Brazil's grain crop output in 2007 is expected to reach a record 142 million tons, up 7.8 percent from the 131.7 million tons harvested in 2006, the National Supply Company said Thursday. According to a study carried out by the company since the
Fri, 9 May 2008 14:57:00 GMT

Aon Acquires Peruvian Reinsurance Broker

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Fri, 9 May 2008 14:54:00 GMT

Gas jumps above $3.67, oil passes $126 on Venezuela concerns

NEW YORK (AP) -- Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas
Fri, 9 May 2008 14:54:00 GMT

Peru's April Tax, Customs Collections Up 11% Vs Year Earlier

LIMA -(Dow Jones)- Peru's tax and customs revenues totaled 5.26 billion soles ($1.9 billion) in April, an 11% real increase from the year before, tax agency Sunat said late Thursday. The agency said including tax collections from an annual tax
Fri, 9 May 2008 14:54:00 GMT

Cardero Initiates Pilot-Scale Metallurgical Assessment at Pampa de Pongo Iron Deposit, Peru

Cardero Resource Corp. ('Cardero' or the 'Company') - (TSX: CDU)(AMEX: CDY)(FRANKFURT: CR5) is pleased to announce that it has initiated an independent pilot-scale metallurgical assessment of the 953 Million tonne (Mt) Pampa de Pongo Iron deposit, in the
Fri, 9 May 2008 14:53:00 GMT

Venezuela: Oil reserves up 30 percent

CARACAS, Venezuela (AP) -- Venezuela's top oil official says the country's proven crude oil reserves have increased by 30 percent.Oil Minister Rafael Ramirez says Venezuela now has 130 billion barrels of proven oil reserves -- the largest outside the
Fri, 9 May 2008 14:52:00 GMT

Who wants Rogaciano Alba dead in Mexico?

PETATLAN, Mexico -- Somebody wants to kill Rogaciano Alba. Dozens of gunmen attacked the house of the local political boss, killing his sons and kidnapping his daughter in a weekend rampage that left 17 dead. With Alba in hiding, the motive remains
Fri, 9 May 2008 14:52:00 GMT

American rancher resists land reform plans in Bolivia

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Fri, 9 May 2008 14:46:00 GMT

Guyana considers crackdown on pirates

Diggdel.icio.us AIM reprint print email Associated Press GEORGETOWN, Guyana -- Lawmakers will consider toughening penalties on pirates who have increasingly attacked fishing vessels off the coast of Guyana, a top official said. The proposal would
Fri, 9 May 2008 14:46:00 GMT

Fitch: Brazilian Toll Road Industry Growth to Continue

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Fri, 9 May 2008 14:37:00 GMT

For David Neeleman, life after JetBlue leads to Brazil

NEW YORK - When David Neeleman stepped down as CEO of JetBlue Airways a year ago, he swore he'd never start another airline. 'Shows you how compelling ... this Brazil idea really is,' the JetBlue founder said of his latest venture, an airline of course
Fri, 9 May 2008 14:35:00 GMT