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Latin America Argentina

  • *Prices to spike 60-90 pct for most Buenos Aires consumers. BUENOS AIRES, Jan 31- Argentina's electricity rates will increase between 60 and 90 percent for most consumers in March, according to figures presented by Energy Minister Juan Jose Aranguren on Tuesday, the latest subsidy reduction meant to cut a wide fiscal deficit. Argentina began rolling back...

  • BUENOS AIRES, Jan 30- A Buenos Aires judge on Monday denied a prosecutor's request to jail local executives of ride-hailing company Uber Technologies Inc, though the court did order the company's platforms to be shut down, raising the prospect of a prolonged legal conflict. In April, a Buenos Aires court said Uber, which has been criticized for failing to register...

  • In April, a Buenos Aires court said the company was in violation of local transportation standards and ordered it to stop operating. In Buenos Aires, taxi drivers have blocked streets during protests against the company, saying that it undercuts them by paying its drivers less than what unionized drivers earn. "Uber executives never ceased in their...

  • BUENOS AIRES, Jan 30- An Argentine prosecutor asked a judge to jail local executives of ride-hailing company Uber Technologies Inc on Monday and a court ordered the company's mobile application to be shut down. In April of last year a Buenos Aires court ruled that the company was not allowed to operate in the country. Local judge Maria Fernanda Botana ordered...

  • BUENOS AIRES, Jan 26- Argentina's economic activity rose 1.4 percent in November 2016 compared with the previous month, government data showed on Thursday, the second straight month-on-month gain and a sign the economy may be emerging from a year-long recession. Barring a sharp contraction in December, the data showed Argentina's economy likely expanded in...

  • *Drier conditions to continue this week in Argentina. CHICAGO, Jan 23- U.S. soybean futures fell on Monday for a third straight session on profit-taking after last week's six-month highs and improving weather outlook for Argentina, analysts said. "Dry weather should continue to ease wetness in central Argentina this week, while light showers in La Pampa and...

  • SYDNEY, Jan 23- U.S. corn fell on Monday, retreating from a six-month high touched in the previous session, though strong export demand continued to underpin prices. *The most active corn futures on the Chicago Board Of Trade dropped 0.14 percent to $3.69-1/ 4 a bushel, having gained 0.96 percent in the previous session when prices hit a high of $3.70 a bushel- the...

  • *Market assessing extent of flood damage in Argentina. CHICAGO, Jan 20- U.S. corn futures touched a six-month high on Friday, buoyed by robust demand from exporters and ethanol producers, analysts said. Chicago Board of Trade March corn settled up 3-1/ 2 cents at $3.69-3/ 4 a bushel after reaching $3.70, its highest since mid-July.

  • *Market assessing extent of flood damage in Argentina. PARIS/ SINGAPORE, Jan 20- Chicago soybeans slid for a second session on Friday as a firm dollar encouraged consolidation below this week's six-month high while traders assessed the extent of rain damage to crops in Argentina. The most active Chicago Board Of Trade soybean contract was down 0.8 percent at...

  • Argentina has had a fantastic turnaround: Central bank chairman

    Federico Sturzenegger, chairman of the Central Bank of Argentina, discusses repairing his country's economy which a year ago was under capital controls and had defaulted on its creditors.

  • BRASILIA, Jan 18- Mexico's economy is set to grow at the slowest pace in four years in 2017, a Reuters poll showed on Wednesday, after the election of Donald Trump to the White House upended relations with its biggest trade partner and foreign investor. Forecasts for economic growth elsewhere in Latin America were also revised down for most countries, the poll...

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • *Excessive moisture in Argentina's crop-belt to hit yields. SINGAPORE, Jan 17- Chicago soybean futures rose for a third consecutive session on Tuesday, climbing to a seven-week top as heavy rains across Argentina's central crop belt raised concerns over yield losses. The Chicago Board of Trade most-active soybean contract gained 1.2 percent to $10.58-1/ 2 a...

  • investment@ BUENOS AIRES, Jan 10- Argentina has clinched a deal with labor unions and energy companies aimed at luring. Companies including state-owned YPF SA, Chevron, Total SA, Royal Dutch Shell Plc and BP unit Pan American Energy LLC will invest $5 billion to tap the formation in 2017 and double that in coming years as part of the deal, President Mauricio Macri...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, Jan 6- Latin American currencies are set for another choppy year in 2017, a Reuters poll showed on Friday, with strategists still scrambling to gauge the impact of Donald Trump's presidency in the United States. Trump, who takes office on Jan. 20, has pledged to erect a border wall with Mexico...

  • BUENOS AIRES, Jan 5- Argentina's government ended a required holding period for foreign capital in a decree published in the official gazette on Thursday, in order to attract investment with the country mired in recession. Macri's administration has implemented several reforms to reintegrate Argentina back into the global economy. Just last week, the...

  • CHICAGO, Jan 5- U.S. wheat futures rose 1.6 percent to their highest in nearly six weeks on Thursday on a round of short-covering after weakening overnight, traders said. "Wheat is just incredibly cheap compared to the other ag markets," said Terry Reilly, grains analyst with Futures International in Chicago. Wheat also found technical support after the benchmark...

  • PARIS/ SINGAPORE, Jan 5- U.S. grain and soybean futures edged lower on Thursday in a pause from a day-earlier rally, as traders waited for further indications on weather risks and portfolio rebalancing by funds that have supported prices in the face of big global supplies. The Chicago Board of Trade most-active soybean contract was down 0.6 percent at $10.09-1/ 2 a...

  • SINGAPORE, Jan 5- Chicago soybean futures lost ground on Thursday, giving up some of the previous session's strong gains, although losses were limited by concerns over excessive rains hampering planting in Argentina. The Chicago Board of Trade most-active soybean contract was down 0.3 percent at $10.12-3/ 4 a bushel as of 0334 GMT, having firmed 2 percent on...

  • HAMBURG/ SINGAPORE, Dec 28- Chicago soybeans were underpinned on Wednesday by concern that dry weather could hurt massive crops in Argentina and Brazil, while wheat and corn dropped in the face of selling pressure after sharp rises on Tuesday. Chicago Board of Trade March soybeans were up 0.2 percent at $10.26-1/ 4 a bushel at 1118 GMT after rising 2.7 percent on...