(SAO PAULO, Brazil)Brazil's state-run oil company Petrobras took out a loan worth $860 million from a state bank last month, but officials said Thursday the action was routine.READ MORE

(HAVANA)Russian oil companies could soon begin searching for oil in deep Gulf of Mexico waters off Cuba, a top diplomat said just days before Russian President Dmitry Medvedev visits the i...READ MORE

(RIO DE JANEIRO, Brazil)Stocks were down across Latin America Friday as investor concerns over a global recession took a toll on emerging markets. Brazil's Ibovespa index dropped 5.6 percent to 31,540 in ...READ MORE

(BRASILIA, Brazil)Brazil called its ambassador to Ecuador back home for consultations on Friday after Ecuador said it won't pay the debt it owes to a Brazilian bank. Brazil strongly objects to the E...READ MORE

(RIO DE JANEIRO, Brazil)Brazil's state-run oil company says it found a new offshore oil reserve that could hold up to 2 billion barrels of oil. Petrobras says the light crude is 50 miles (80 kms) off the ...READ MORE

(SAO PAULO, Brazil)Brazil's biofuel industry just months ago was being flooded with billions in new investments for vast new sugarcane plantations and gleaming distilleries that churn out the cheapes...READ MORE

(SAO PAULO, Brazil)Brazil's biofuel industry just months ago was being flooded with billions in new investments for vast new sugarcane plantations and gleaming distilleries that churn out the cheapes...READ MORE