Bloomberg Brevan Howard Asset Management LLP is closing down its dedicated Argentina fund after the country resolved a legal dispute with creditors that had pushed the nation into default. The Argentina Master Fund produced net returns of 18 percent since it was opened to outside investors in January 2015, when the nation was in the midst of its second ...

  Buenos Aires / AFP General Motors will invest $740 million in its plant in Rosario, Argentina, to produce the Chevrolet Cruze II mostly for export, the US carmaker announced on Thursday. The news came as President Mauricio Macri visited the factory 280 kilometers (174 miles) north of Buenos Aires. The plant expansion will make it possible to produce the Cruze ...

  Bloomberg Oi SA, Brazil’s most indebted phone company, said its first-quarter loss widened as customers jumped ship for bigger competitors in the wireless segment. Oi posted a net loss of 1.64 billion reais, according to a statement sent to Brazil’s securities regulator Thursday. That compares with a loss of 880.7 million reais projected by analysts, the average of three ...

  Bloomberg The Chilean peso weakened the most among emerging-market currencies as international investors offload their positions on the currency following weak data from China. Foreign investors have increased short positions in the Chilean peso forwards market by $1.2 billion in the past week while local investors, mostly pension funds hedging their currency exposure, have refrained from adding to their ...

Bloomberg Treasury 30-year bond returns pushed past 10 percent for 2016 as the U.S. prepares to sell $15 billion of the securities on Thursday. The long bonds yield 2.60 percent, more than any other benchmark maturity in the U.S., the U.K., Germany or Japan. Thirty-year debt is leading a rally in Treasuries as traders push back bets for when the ...

  BRASILIA / AFP Brazil’s Senate voted on Thursday to impeach President Dilma Rousseff after a months-long fight that laid raw the country’s fury over corruption and economic decay, hurling Latin America’s largest country into political turmoil just months before it hosts the Summer Olympics. Rousseff’s enraged backers called the move a coup d’etat and threatened wide-scale protests and strikes. Her ...

  RICHMOND / AFP Four former Iraqi detainees who say they were tortured at the notorious Abu Ghraib prison are asking a federal appeals court to revive their lawsuit. A three-judge panel of the 4th US Circuit Court of Appeals will hear arguments in the case on Thursday in Richmond, Virginia. The former detainees sued CACI Premier Technology Inc., an ...

  BRUSSELS / AP The European Union has decided with immediate effect to allow Austria, Germany, Denmark, Sweden and Norway to keep border controls in place for up to six months to deal with the migrant influx. EU headquarters said in a statement on Thursday that the controls should be “targeted and limited in scope, frequency, location and time, to what ...

  BRUSSELS / AP Germany’s foreign minister says “the ball is in Turkey’s court” as the Turkish government and the European Union face off over conditions for Turkish citizens to be granted visa-free travel to Europe. The visa waiver is one of the incentives offered by the EU for Turkey to stop migrants leaving for Europe and take back those who ...

  Washington / AFP The White House is considering lifting a decades-old arms embargo against Vietnam in time for President Barack Obama’s visit to the booming Southeast Asian nation this month. As both countries warily eye China’s military build-up in the disputed South China Sea, officials said Obama is weighing an end to the Cold War-era ban on lethal weapons ...