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Latin America Argentina

  • BUENOS AIRES/ SAO PAULO, Feb 9- When Argentina launched a tax amnesty program last year to bring billions of dollars back into the country, it found support from an unlikely corner: the banks whose clients had stashed money abroad. Some $400 billion in undeclared funds was being held outside Argentina, the economy was in recession and the government badly needed to...

  • BRASILIA, Feb 7- The leaders of Brazil and Argentina said on Tuesday they would pursue closer ties with Mexico and other Latin American nations alarmed by U.S. In a state visit to Brasilia, Argentina President Mauricio Macri said that South American regional trade bloc Mercosur would focus on strengthening its relationship with Mexico, Latin America's...

  • BRASILIA, Feb 7- The leaders of Brazil and Argentina vowed on Tuesday to pursue closer trade ties with Mexico and other Latin American nations threatened by U.S. Trump has abandoned the Trans-Pacific Partnership deal that aimed to bolster trade between 12 Pacific Rim nations, including Mexico, Chile and Peru, and threatened to tear up the North American Free...

  • SAO PAULO, Feb 6- The status of sugar in the Mercosur trade bloc is likely to be discussed by the presidents of Brazil and Argentina when they meet on Tuesday, Brazil's Agriculture Minister Blairo Maggi said on Monday. Presidents Michel Temer of Brazil and Mauricio Macri of Argentina will meet in Brasilia as part of an official visit by the Argentine leader.

  • In an undated handout photo, Duke Buchan III, the financier and early supporter of Donald Trump's presidential candidacy.

    Duke Buchan III, a donor to Trump during his campaign, is now hoping for an ambassadorship, The New York Times reports.

  • BUENOS AIRES, Feb 2- Argentina's government expects foreign direct investment to double in 2017 from 2016, Treasury Minister Nicolas Dujovne said on Thursday, citing inflows from public auctions for renewable and non-renewable energy projects. Nearly $60 billion in investments have been announced in Argentina since the beginning of 2016, government...

  • BUENOS AIRES, Feb 2- Inflation expectations in Argentina for 2017 fell slightly to 20.8 percent, a central bank poll of economists showed on Thursday, down from 21 percent a month earlier but still above the 17 percent upper band of the bank's target. Inflation, measured in Greater Buenos Aires, likely ended 2016 around 40 percent, a headache for President Mauricio...

  • CHICAGO, Feb 1- U.S. farmers and grain handlers may be stuck with a bigger-than-expected portion of the massive stockpile of corn and soybeans harvested last fall as uncertainty about trade polices under U.S. But in addition to concern about trade under the Trump administration, U.S. exports should face stiff competition from Argentina and Brazil, huge...

  • *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...