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South Carolina / Bloomberg South Carolina Governor Nikki Haley shook up the Republican presidential race this week by endorsing Florida Senator Marco Rubio. But much of the endorsement action is back in Washington, where a Bloomberg Politics analysis illustrates Ted Cruz’s clear dominance with hard-core conservatives; the battle between Rubio and Jeb Bush for establishment support; and John Kasich’s potential ...

Bogota / AP The spread of Zika will have a modest drag on economies in Latin America, with tourism-dependent Caribbean nations most at risk, the World Bank said. It made $150 million immediately available to help fight the virus. The World Health Organization has declared a global health emergency in response to the Zika outbreak and the U.S. is urging ...

Bloomberg Colombia became the second Latin American nation this week to raise interest rates, cut government spending and announce steps to shore up its currency as commodity prices tumble. A majority of the seven-member board voted to increase the policy rate a quarter point to 6.25 percent, bank Governor Jose Dario Uribe told reporters in Bogota after the meeting. The ...

Bloomberg Argentina persuaded a U.S. judge to drop court orders barring the country from issuing new bonds or servicing its restructured debt, a dramatic shift in the 15-year standoff between the South American nation and its international creditors. U.S. District Judge Thomas Griesa agreed to drop the injunctions once Argentina repeals laws barring payment of its defaulted debt and makes ...

Ritika Sharma / Emirates Business From slashing your dining bills according to the temperature on that particular day; discounts based on stock market plunges to molecular gastronomy adding nitrogen to your food and brunching with dolfins underwater, UAE hotels are exploring innovative food and beverage (F&B) concepts to stay atop and fight the mounting competition in the industry. While some ...

Alkesh Sharma / Emirates Business Imagine a UAE farmer sitting in the cabin of his high-tech tractors. Through the glass windows he is able to oversee hectares of crops while monitoring couple of computer screens and he can point out the exact locations in the field where his worker had missed a seed or the location that is facing a ...

DUBAI / Emirates Business dubizzle – the leading classifieds platform in the UAE – has released its 2015 jobs report, detailing key UAE job market trends including the top five industries searched for, the top five nationalities searching for each profession and a breakdown of the labour force by age. “We have found that accounting and secretarial generated to most ...

Bloomberg Utility earnings are belying the slowdown in the USA oil patch. Power suppliers are reporting increasing sales to oil and natural gas companies, even in the midst of an unprecedented drop in exploration. FirstEnergy Corp., Entergy Corp. and American Electric Power Co. Inc. have all said their revenue from energy customers such as pipeline operators and fuel manufacturers is ...

Bloomberg Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in the upgrader that converts heavy oil into synthetic crude to 40 percent, PDVSA, as the Venezuelan state-owned company is known, said in an e-mailed statement, confirming earlier comments by ...

Bloomberg Venezuela’s state oil company Petroleos de Venezuela SA is said to be looking into leasing the Aruba refinery, where it would ship tar-like oil to be upgraded into higher value synthetic crude rather than produce fuels like gasoline. PDVSA, through its U.S. subsidiary Citgo Petroleum Corp., is in talks with the Aruba government to lease the refinery, according to ...