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China blocks Vale?s large iron ore carriers China has tightened restrictions on all large vessels, dealing a blow to the aspirations of Brazilian iron ore miner Vale with its Valemax fleet News Corp to launch US free-to-air Spanish network MundoFox is to take on Univision and Telemundo through a partnership with RCN Television Group, the Colombian broadcaster Petrobras soars on woman chief?s appointment Shares in Brazilian state-controlled oil group soar after it announced the appointment of its first woman chief executive, Maria das Graças Foster Speculation grows over Petrobras head?s future Local media points to gas and energy director Graças Foster as possible replacement Brazil?s overtime pay law risks higher labour costs President Dilma Rousseff has signed a law ordering companies to pay overtime rates for after-hours work calls or emails Mexican politicians turn to bulletproof garb A Colombian entrepreneur designs bulletproof sports jackets, polo shirts, T-shirts that are being snapped up by Mexican politicians ahead of July?s election Venezuela tightens control of oil industry The announced intention to settle disputes within its own judicial system would affect more than 20 foreign companies Haiti struggles to rebuild Two years after a devastating earthquake, the government is seeking foreign investment to help bring down the island?s 70% unemployment rate Codelco countersues Anglo American Chilean miner files a counter-action against UK-listed partner that could lead to billions of dollars in damages over alleged breach of contract Ecuador court upholds $18bn Chevron ruling Three-judge panel affirms an original decision ordering the oil group to pay $18bn in damages for pollution in the Amazon