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Latin America Caribbean

  • HAVANA, March 8- Swiss firm Nestle is close to reaching a deal with Cuba on forming a new joint venture to build a $50 million to $60 million factory to produce coffee, biscuits and cooking products, company Vice President Laurent Freixe said on Tuesday in Havana. Cuba has upped its drive to attract foreign funds in a bid to stimulate the economy in recent years,...

  • PARIS, Feb 23- AXA, France's biggest insurer, reported a 4 percent increase in underlying earnings per share, at the lower range of its targets, helped by tariff hikes in property insurance coverage and a recovery in life and savings business. The targets were presented earlier in 2016 by the new chief executive Thomas Buberl, who replaced Henri de Castries after 17...

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno looked set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among candidates and the...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno was set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. In a nail-biter vote with eight candidates, Moreno was close to the threshold needed to avoid a second round on April 2 and continue a decade-long...

  • QUITO, Feb 20- Leftist government candidate Lenin Moreno was within striking distance of winning the first round of Ecuador's presidential election on Monday, as the Andean country's electoral body counted ballots late into the night. A couple of hundred opposition supporters congregated in front of the electoral council headquarters in Quito to demand...

  • HAVANA, Feb 14- From buses and trucks to a $500 million golf resort, China is deepening its business footprint in Cuba, helping the fellow Communist-run state survive a crisis in oil-benefactor Venezuela and insulate against a possible rollback of U.S. detente. Cuban imports from China reached a record $1.9 billion in 2015, nearly 60 percent above the annual...

  • *China imports 380,000 T copper in Jan, down 22 pct vs Dec. Trade data from China, the world's biggest metals consumer, also provided support, but copper pulled back from highs after Indonesia issued new mining permits to Freeport McMoRan Inc, opening the way for a resumption of exports. "Trump seems to have come round to the one- China view and he wants to have a good...

  • By Michel Rose and Ingrid Melander. PARIS, Feb 8- Conservative French presidential candidate Francois Fillon appealed to voters on Wednesday via a newspaper column to back his campaign, trying to claw back support after losing his place as frontrunner over accusations of fake jobs for his family. "It's for you and only you to decide," Fillon told voters in his...

  • PARIS, Feb 8- Conservative French presidential candidate Francois Fillon appealed to voters on Wednesday via a newspaper column to back his campaign, trying to claw back support after losing his place as frontrunner over accusations of fake jobs for his family. "Nothing will divert me from the real aim of my presidential campaign: set France back upright and...

  • *Freeport still trying to work out permit renewal for Papua mine. Freeport-McMoRan Inc warned it will scale back output at its Grasberg mine in Indonesia, the second-biggest, amid a smelter strike and issues over renewal of its mining permit. In Indonesia, a strike at the country's biggest copper smelter, which is Freeport's sole domestic offtaker of copper...

  • PARIS, Feb 8- Conservative French presidential candidate Francois Fillon appealed to voters on Wednesday via a newspaper column to back his campaign, after losing his place as frontrunner over accusations of fake jobs for members of his family. Opinion polls show independent centrist Emmanuel Macron as the likely winner of the April-May election, beating...

  • NEW YORK, Feb 1- The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple shares rose 6.1 percent to $128.75, its highest close in a year and a half. In its first meeting since President Donald Trump took office, the Fed's policy-setting...

  • NEW YORK, Feb 1- The S&P 500 moved in and out of negative territory on Wednesday, buoyed by gains in Apple shares and after the U.S. Apple shares rose 7.4 percent to $130.31 after touching $130.35, its highest in 18 months. "Confidence in the economy was reflected in the more emphatic statement with regard to inflation," said Atul Lele, chief investment officer at Deltec...

  • MIAMI, Jan 27- Two Florida ports have canceled plans to sign cooperation pacts with Communist-ruled Cuba after state Governor Rick Scott threatened to cancel their funding if they did business with the "Cuban dictatorship." The news comes as Cuba watchers are looking closely for signs of how the United States' fragile detente with Cuba will fare under President...

  • *Lean trading in Asia ahead of Lunar New Year holiday. LONDON, Jan 26- Copper closed lower on Thursday, hurt by a strengthening dollar, after hitting a two-month high earlier in the day on concerns about potential supply disruptions in Indonesia and Chile. Freeport-McMoRan, the world's biggest listed copper miner, warned on Wednesday it would need to start...

  • *Lean trading in Asia ahead of Lunar New Year holiday. LONDON, Jan 26- Copper slipped on Thursday after hitting a two-month high on worries over potential supply disruptions in Indonesia and Chile, while zinc hit a 1-1/ 2 month peak on expectations of continued supply shortages. Freeport-McMoRan, the world's biggest publicly-listed copper miner, warned on...

  • *Lean trading in Asia ahead of Lunar New Year holiday. LONDON, Jan 26- Copper hit a two-month high on Thursday on worries over potential supply disruptions in Indonesia and Chile, while zinc hit a 1-1/ 2 month peak on expectations of continued supply shortages. Freeport-McMoRan, the world's biggest publicly-listed copper miner, warned on Wednesday it would need to...

  • Freeport said in documents accompanying earnings disclosure on Wednesday it "expects to challenge this decision at Indonesia's Supreme Court and is evaluating its options." Earlier, Indonesia's Papua province, home of Freeport's giant Grasberg copper mine, said it had won a court battle in a claim against the company for 2.51 trillion rupiah in outstanding...