Latin America Caribbean

More

  • *Oil prices hit 2016 highs. June 8- Wall Street was higher in a narrow trading range early on Wednesday afternoon, with the S&P 500 inching towards its all-time high, as oil prices hit 2016 highs above $50 a barrel. Investors have all but priced out an interest rate hike when Federal Reserve officials meet on June 14-15, which pushed the dollar lower for the fourth day...

  • June 8- Wall Street was little changed in a narrow trading range late on Wednesday morning, with the S&P 500 inching towards its all-time high, as oil prices gave up some early gains. While oil prices held above $50 per barrel for the second consecutive day, they pared gains sharply after data showed a surprise build in U.S. gasoline inventories.

  • *Oil prices stay above $50/ bbl. Oil held above $50 for the second consecutive day on supply disruptions in Nigeria, a drop in U.S. crude inventories and strong demand in China. A few concurrent bullish events such as demand for commodities and the S&P and Dow breaching key resistance areas will likely keep the markets hovering close to record highs, said Adam Sarhan,...

  • *Oil prices above $50 for second straight day. Oil held above $50 for the second consecutive day on supply disruptions in Nigeria, a drop in U.S. crude inventories and strong demand in China. A few concurrent bullish events such as demand for commodities and the S&P and Dow breaching key resistance areas will likely keep the markets hovering close to record highs,...

  • France, Italy, Japan, Spain and Russia are among the countries seeking to convince Cuba to sign contracts with their companies for projects to update the Communist-led nation's creaking infrastructure, in return for writing off debt. In December, Cuba struck a general accord with the Paris Club of wealthy nations to forgive $8.5 billion of $11.1 billion in...

  • NEW YORK/ SAO PAULO, June 6- The airlines circling Panama- based Avianca Holdings SA and its Brazilian cousin show that Latin America retains an attraction for foreign carriers, even in the midst of a regional economic slump, as local currencies nosedive. United Continental Holdings Inc and Delta Air Lines Inc are vying with China's HNA Group for a chance to buy...

  • The head of the Organization of American States, that Venezuela views as a pawn of U.S. policy, this week called for an emergency meeting to discuss a possible censure of the country for violating democratic norms. Meanwhile on Thursday a senior Brazilian official said Brazil may help block Venezuela from taking the rotating presidency of the Mercosur trade...

  • HAVANA, June 4- Puerto Rico has taken the first steps toward opening a commercial office in Cuba, Governor Alejandro Garcia Padilla said on Saturday, on the sidelines of a Caribbean summit in Havana. Garcia Padilla is the first sitting Puerto Rican governor in history to visit Cuba, a "privilege" he said, telling journalist that local officials and the public had...

  • The head of the Organization of American States, that Venezuela views as a pawn of U.S. policy, this week called for an emergency meeting to discuss a possible censure of the country for violating democratic norms. Meanwhile on Thursday a senior Brazilian official said Brazil may help block Venezuela from taking the rotating presidency of the Mercosur trade...

  • HAVANA, May 31- For half a century after Fidel Castro's 1959 revolution, Cuba's marketing was limited to patriotic propaganda and its most ubiquitous brand was not Coca-Cola but late revolutionary hero Ernesto "Che" Guevara, daubed on walls across the island. "It was unknown territory, going through the steps of opening up a business, where promotion is key," said...

  • WASHINGTON, May 16- President Barack Obama's White House set up one last fight with the Republican-controlled Congress over defense spending on Monday, threatening to veto a 2017 defense authorization bill over its use of special war funds for day-to-day military programs. The House of Representatives draft of the $602 billion National Defense...

  • MELBOURNE, May 16- London copper edged higher from its weakest since February on Monday after an improvement in China's property sector offset several softer gauges of China's economy that had rattled investors over the demand prospects for industrial metals. China's fixed asset-investment and retail sales grew more slowly than expected in April, as did...

  • MELBOURNE, May 16- London copper hovered near its weakest since February on Monday after several gauges of China's economy such as factory output and new loans softened in April, increasing concerns over demand prospects for industrial metals. *Three-month copper on the London Metal Exchange eased by 0.6 percent to $4,601.50 a tonne by 0004 GMT, after...

  • HAVANA/ BRASILIA, May 12- Brazilian President Dilma Rousseff's suspension from office is bad news for newly trendy Cuba, which despite a detente with Washington is feeling the pinch from a downturn ravaging allies' economies and political fortunes in South America and Africa. Friends such as Venezuela, Brazil and Angola for years used revenue from a...

  • The detente between the United States and Cuba has raised hopes that full commercial ties will soon be restored between the former Cold War foes. "We have talked about a number of projects," he told reporters on the sidelines of an event celebrating a donation by Caterpillar to the foundation that preserves the heritage of U.S. writer Ernest Hemingway in Cuba.

  • Anglo American, Glencore and Freeport have been at the forefront of those cutting debt, but BHP Billiton and Rio Tinto have also been looking to rationalise their assets while also signalling an interest in acquisitions. Slower economic growth in China triggered the slide in the prices of raw materials, and Chinese companies are now the main potential buyers...

  • *Chanel is first major fashion house to hold runway show in Cuba. HAVANA, May 3- French fashion house Chanel brought glamour back to Communist-ruled Cuba on Tuesday in a runway show on one of Havana's main boulevards, featuring glittering gowns, tulle cocktail dresses and models in Panama hats smoking cigars. Celebrities, including actress Tilda Swinton and...

  • HAVANA, May 3- First came U.S. Chanel will be the first major fashion house to send models down the catwalk in Cuba, highlighting warming relations with the West. Chanel goods are not sold in Cuba and most locals could not even dream of affording them, given even a small handbag costs thousands of dollars.

  • HAVANA, May 3- First came U.S. President Barack Obama and the Rolling Stones. Chanel will be the first major fashion house to send models down the catwalk in Cuba, highlighting warming relations with the West.

  • *Show in Cuba harks back to Chanel Cruise line's roots. The company narrowed its price gaps between the United States, Europe and Asia last year to prevent smugglers buying goods in one region to re-sell to another in the grey market. "We reduced quite a lot the parallel market, mainly in Asia, and we have double-digit growth in our boutiques in mainland China," Bruno...