Bogota / AFP Colombian state-run oil concern Ecopetrol has reported losses of $1.23 billion (1.12 billion euros) in 2015, driven largely by low crude prices on the international market. Ecopetrol said in a statement that as a result of the losses it would not be handing out dividends to its shareholders. The company’s profits for 2015 “were affected principally by ...

Bloomberg Brazilian President Dilma Rousseff’s struggle for political survival is spilling into the streets, after the latest chapter in a sweeping corruption probe escalated tension in Latin America’s largest country. Following police questioning on Friday of Rousseff’s predecessor Luiz Inacio Lula da Silva into allegations of bribes for favors, friends and foes of the government have started to mobilize in ...

Bloomberg The extra yield U.S. 10-year Treasuries offer over their German peers widened to the most since January as U.S. economic data kept alive prospects of the Federal Reserve raising interest rates this year, which contrasts with the European Central Bank’s accommodative stance. Treasuries fell a second day on Monday, with the 10-year note yield rising to the highest level ...