Latin America News
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Procter & Gamble Co. is replacing Chief Executive Officer Bob McDonald with his predecessor, A.G. Lafley, as the world’s largest consumer-products maker struggles to rekindle growth at home and abroad.
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Updated 3 hours, 25 minutes ago
Colombian lawmakers shelved a bill designed to challenge the dominance of America Movil SAB in the mobile-phone industry, a victory for a company besieged by regulatory crackdowns in Latin America.
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Google Inc., maker of the Android operating system, is considering buying map-software provider Waze Inc., setting up a possible bidding war with Facebook Inc., people familiar with the matter said.
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Emerging stocks were set for a second weekly drop as a slump in commodities sank producers from OAO Gazprom to Vale SA. Hungary’s benchmark index jumped to a three- month high as the nation published its budget plans.
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Chilean lender Banco de Credito e Inversiones is among bidders vying to buy the Bankia group’s bank in Florida, two people with knowledge of the matter said.
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Natural gas futures slid from a three-week high on forecasts of milder weather that would reduce consumption of the fuel by power plants.
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The Ibovespa fell for the first time in five days as a report that showed manufacturing unexpectedly contracted in China, Brazil’s top trading partner, dimmed the outlook for commodity exporters.
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Hoteles City Express SAB, a Mexican operator of hotels for business travelers, plans to raise about $250 million in an initial public offering this year, said Abelardo Loscos, a company investor relations official.
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Grupo Financiero Inbursa SAB, the financial-services firm controlled by billionaire Carlos Slim, fell the most in 21 months after CaixaBank SA said it may sell half of its 20 percent stake.
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Avianca Holdings SA Chief Executive Officer Fabio Villegas said the Colombian airline will spend at least $4 billion through 2019 as it buys more than 100 planes to meet rising passenger traffic in Latin America.
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