Bloomberg This month, Telefonica SA was able to raise the price of landline phone service in Argentina for the first time since 2000 — by a whopping 192 percent. The increase in the line-rental fee to about 38 pesos ($2.70) a month from 13 pesos in the carrier’s second-largest Latin American market comes after 16 years of government-frozen ...

  Bloomberg Oil dropped for a fourth day as producers in Canada worked to resume operations after wildfires curbed output and Iran continued to raise exports amid a global surplus. July futures slid as much as 1.5 percent in New York. Cooler weather is helping to control a blaze in the heart of Canada’s oil-sands region and allowing Suncor Energy ...

BLOOMBERG Brazil economists forecast lower interest rates this year on the expectation incoming central bank president Ilan Goldfajn will ease monetary policy to stimulate growth. Economists reduced their 2016 Selic forecast to 12.75 percent from 13 percent the prior week, according to the weekly Focus survey conducted May 20. They also raised their IPCA inflation forecast to 7.04 percent, from ...