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Latin America Argentina

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  • *Brazil, Argentina seen offering soybeans in peak U.S. season. SINGAPORE/ BEIJING, July 30- South America's soybean exports are on track to dominate sales to top buyer China for a record period this year, threatening to displace U.S. exports during what is traditionally the peak sales time for rival North American shipments. For more than a decade, China has sourced...

  • LIMA, July 28- Southern Copper Corp said on Tuesday its net income dropped 12.6 percent drop in the first half of the year due to the slump in global metal prices, but it said it was well-positioned to weather the "temporary downturn". "Even though the current economic scenario is affecting metal prices, we believe this is a temporary headwind that will eventually...

  • One of American's new Dreamliners damaged by hail Monday, 27 Jul 2015 | 6:28 PM ET

    One of the airline's new Boeing 787 Dreamliners suffered hail damage Monday after takeoff from Beijing. The Dallas- bound plane with 209 passengers returned to Beijing, where it was being checked out by a maintenance crew, said airline spokeswoman Andrea Huguely. The airline put the planes into service in May in the U.S., then between Dallas and Beijing and Buenos...

  • BUENOS AIRES, July 24- Argentina's economic activity expanded by 2.2 percent in May compared with the same month a year earlier, its biggest monthly increase in 17 months and more than economists had expected, according to government data published Friday. Economic activity in Latin America's third biggest economy is picking up pace as President Cristina...

  • BUENOS AIRES, July 22- The front-runner in Argentina's presidential election campaign is unnerving investors with his silence over the country's notoriously inaccurate inflation reporting, while the second place candidate says data transparency would be a top priority. Buenos Aires Governor Daniel Scioli leads the campaign ahead of the Oct. 25 election.

  • BUENOS AIRES, July 22- Argentina is still struggling with a dearth of hard currency and mortgages but with a change of government later this year, investors at home and abroad are positioning themselves for a real estate market revival they say is already taking root. Local tycoon Eduardo Costantini says he launched a new gated community in his luxury Nordelta...

  • BUENOS AIRES, July 5- Argentina's business-friendly PRO party won Sunday's mayoral election in the capital Buenos Aires by 20 percentage points, but failed to capture enough votes to avoid a run-off with the No. 2 contender later this month, official returns showed. With 91.4 percent of the vote counted Horacio Rodríguez Larreta, chief of staff to outgoing...

  • BUENOS AIRES, July 5- Argentina's business-friendly PRO party appeared to win Sunday's mayoral election in capital city Buenos Aires, a key electoral district, but not by a big enough margin to avoid a run-off vote later this month, early official returns showed. With 59 percent of the vote counted Horacio Rodríguez Larreta, chief of staff to outgoing mayor and...

  • But within a year from a sharp devaluation in early 2002 the country returned to economic growth- something that Greece must now crave, with its economy shrinking by more than 25 percent since 2009.. On Tuesday, German Chancellor Angela Merkel ruled out new negotiations with Greece until after it votes on a bailout proposal by creditors. That left Athens...

  • LONDON, June 29- Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region. He said Argentina was conducting a "flagrant and unacceptable campaign to strangle the Falkland Islands...

  • BUENOS AIRES, June 19- Argentina's presidential contender Mauricio Macri on Friday picked a business-friendly senator with middle class appeal as his running mate, reinforcing his center-right challenge to the ruling party's ticket. Senator Gabriela Michetti will join Macri in his campaign against front-runner Daniel Scioli, governor of Buenos Aires...

  • BUENOS AIRES, June 19- Argentine Senator Gabriela Michetti will be the running mate of presidential candidate Mauricio Macri, he said on Friday, defining the battle lines ahead of an October election that will pit the business-friendly duo against the current ruling party. Macri, mayor of Buenos Aires, is second in the polls against front-runner Daniel Scioli,...

  • BUENOS AIRES, June 19- Argentine Senator Gabriela Michetti will be the running mate of presidential candidate Mauricio Macri, he said on Friday, defining the battle lines ahead of an October election that will pit the business-friendly duo against the current ruling party. Macri, mayor of Buenos Aires, is second in the polls against front-runner Daniel Scioli,...

  • BUENOS AIRES, June 17- Argentine bonds weakened on Wednesday after presidential front-runner Daniel Scioli chose a loyalist of the current government as his running mate for the October election, a choice that may signal a continuation of policies that have deterred investment. Markets had hoped that Buenos Aires Governor Scioli would use his choice of a...

  • BUENOS AIRES, June 17- Argentine bonds weakened on Wednesday after presidential front-runner Daniel Scioli chose a loyalist of the current government as his running mate for the October election, a choice that may signal a continuation of policies that have deterred investment. Markets had hoped that Buenos Aires Governor Scioli would use his choice of a...

  • BUENOS AIRES, June 15- Argentina said on Monday that annual inflation eased to 15.3 percent in May, although private economists put it much higher and suggest it could speed up later this year due to a splurge in public spending ahead of October's elections. The International Monetary Fund warned earlier this month that Argentina had not taken sufficient steps...

  • BUENOS AIRES, June 9- Brazil's Vale SA is in negotiations with various investors to sell its suspended Rio Colorado potash mine in Argentina and a deal could be sealed by October, Argentine Mining Secretary Jorge Mayoral said in an interview on Tuesday. The company had asked for the breaks as global potash prices dropped, to help ease soaring costs it attributed...

  • NEW YORK, June 5- Argentina must pay $5.4 billion to more than 500 "me-too" holders of defaulted debt before it can pay the majority of its creditors, a U.S. judge ruled on Friday, adding to the pressure facing the South American country. In the latest development in long-running litigation by creditors seeking full repayment on Argentine bonds following its $100...

  • LONDON, June 5- Argentina debt holdouts expect a "fairly" prompt decision from a U.S. court on their request to have payment blocks extended to more of the country's dollar debt, including bonds issued last month, one of their lawyers said on Friday. Argentina issued $1.4 billion in BONAR 2024 bonds last month to raise desperately needed money, using the fact they are...

  • LOS ROQUES, Venezuela, June 4- Fears of being kidnapped or not finding toilet paper are not much of an incentive for a holiday in Venezuela. That is thanks to exchange controls skewing the economy in favor of anyone with foreign currency, meaning you can hire a boat to a Caribbean island for $15 a day, or trek through Andean mountains or Amazon jungle for a week, with...