Bloomberg Brazil’s state-controlled oil company is offering employees a voluntary dismissal plan as part of an effort to deepen spending cuts to withstand the worst oil market in a generation. Petrobras expects 12,000 employees to quit under the program at a cost of 4.4 billion reais ($1.2 billion), it said in a statement. The staff reductions will save the company ...

Bloomberg The Argentine government is asking China to revise a nuclear reactor accord signed by the previous administration as it seeks uranium providers from the U.S. ahead of resuming output, two people with knowledge of the situation said. China is open to amending dam and nuclear energy contracts that it signed with the previous Argentine government administration, La Nacion reported. ...

Bloomberg Mexico plans to cut spending next year in order to meet its zero deficit target as manufacturing exports slowed and lower oil prices weighed on revenue. After slashing 2016 spending by 132 billion pesos ($7.6 billion), Mexico estimates a 175 billion-peso reduction in outlays next year compared to this year’s budget, the Finance Ministry said in a report to ...