Business Central America

More

  • MONDAY, MAY 2 FRANKFURT- Asian Development Bank holds its four-day annual meeting in Frankfurt. TUESDAY, MAY 3 PRETORIA- South African Reserve Bank releases its May 2016 financial stability review- 1600 GMT. BUCHAREST- Romania Central Bank interest rate decision- 0800 GMT.

  • BRASILIA, April 28- Colombia's peso surged to nearly a six-month high on Thursday as Latin American currencies gained after weak U.S. GDP numbers added to expectations that the Federal Reserve will not quickly raise interest rates. Shares of Carlos Slim's America Movil tumbled 11.2 percent in its biggest one-day percentage drop in eight years, after it...

  • LIMA, April 28- Southern Copper Corp's net profit dropped 34.5 percent to $185.1 million, or $0.24 per share, in the first quarter on slumping metal prices, the company said Thursday. The Phoenix, Arizona- based company said it produced 24.8 percent more copper in the first quarter compared with the same quarter in 2015 thanks to its expansion at its Buenavista mine...

  • THURSDAY, APRIL 28 MAKATI CITY, Philippines- Central Bank of Philippines Governor Amando Tetangco to attend a financial inclusion summit- 0100 GMT. PARIS- Czech National Bank board member Kamil Janacek to attend a Economic and Development Review committee meeting. PRAGUE- Czech Banking Association holds a press conference to update macroeconomic forecast-...

  • MEXICO CITY— Latin America and the Caribbean will post an overall 0.5 percent economic contraction in 2016, the International Monetary Fund forecast in a report issued Wednesday, capping the region's worst two-year period since the 1982 debt crisis. The region will be weighed down this year by shrinking economies in Venezuela, Brazil and Argentina.

  • WEDNESDAY, APRIL 27 LONDON- Organisation for Economic Co-operation and Development Secretary General Angel Gurria gives speech on Britain's EU referendum at London School of Economics- 0930 GMT. SINGAPORE- Monetary Authority of Singapore releases macroeconomic review, its detailed assessment of economic conditions. BRASILIA- Central Bank of Brazil...

  • The new model will also be built in Brazil and China, the company has said earlier. This model in North America will replace the current Jeep Compass and Jeep Patriot SUVs. North America accounted for nearly 90 percent of company profit in the first quarter, as low fuel prices increased consumer preference for pickup trucks and SUVs over gas-sipping cars.

  • MILAN— With lower gas prices shifting North American driving preferences toward bigger vehicles, Fiat Chrysler has accelerated its transition away from passenger cars with an impact on its manufacturing footprint across the globe. Fiat Chrysler Automobiles CEO Sergio Marchionne gave out pieces of the plan to exit the small- and midsize car business in the...

  • SANTA FE, Mexico _ Controladora Vuela Compania de Aviacion SAB. de CV on Monday reported first-quarter profit of $35 million. On a per-share basis, the Santa Fe, Mexico- based company said it had net income of 34 cents.

  • MEXICO CITY— Searchers recovered four more bodies from a petrochemical plant wrecked by a huge explosion this week on Mexico's southeastern Gulf coast, raising the death toll to 28, the state oil company said Friday night. Petroleos Mexicanos said in a statement that some workers were still missing, but did not specify a number. More than 130 people in all...

  • ANKARA- Turkey central bank quarterly inflation report- 0700 GMT. ANKARA- Turkey central bank to release minutes of its April monetary policy committee meeting- 1100 GMT. BRASILIA- Central Bank of Brazil monetary policy meeting.

  • Activist Francisca Ramirez tells The Associated Press by phone that protesters want authorities to respect their land rights. The proposal envisions a 171- mile waterway between the Caribbean Sea and Pacific Ocean, passing through Lake Nicaragua. Nicaragua's government calculates it will cost $50 billion and create 50,000 direct jobs.

  • Jalisco's government and CCCC agreed in October to carry out a six-month study of the project, which could become one of the biggest Chinese investments in Mexico and give China an important foothold to supply the North American market. If the project in Jalisco proceeds, it could help mend fences between Mexico and China that were damaged in late 2014 when...

  • MEXICO CITY, April 22- Mexico's annual inflation rate rose less than expected in the first half of April, remaining below the central bank's target and giving policymakers room to keep interest rates unchanged. Inflation in the 12 months through mid-April was 2.60 percent, the national statistics institute said on Friday, below a forecast 2.71 percent rate in a...

  • SEOUL/ JAKARTA, April 22- Months after its global rollout, Netflix Inc is facing problems in several major Asian markets as it struggles to provide enough strong content to attract consumers amid tough local competition, and also faces many regulatory hurdles, underlining concerns about disappointing subscriber numbers reported this week.

  • COATZACOALCOS, Mexico— The death toll from an explosion that ripped through a petrochemical plant on Mexico's southern Gulf coast is now 24, state oil company Petroleos Mexicanos reported. Earlier in the day, President Enrique Pena Nieto toured the facility in the industrial port city of Coatzacoalcos and met with relatives desperate for word on the fate of...

  • Pena Nieto, who is grappling with deadly drug cartel violence, said he will send to Congress a proposal to permit the use and importation of marijuana-based medicines, and raise the amount that weed users can legally carry to 28 grams from 5 grams. Pena Nieto did not say where consumers would be able to obtain the weed they are then allowed to carry.

  • The order for the first time requires Tim Blixseth to file a complete inventory of assets his legal adversaries have been chasing since 2008, when the Yellowstone Club near Big Sky, Montana, went bankrupt. Courts have previously ruled that Blixseth fraudulently transferred $286 million for his personal use from a 2005 Credit Suisse loan intended for the club.

  • MEXICO CITY, April 21- A leak caused a deadly petrochemical plant blast that has killed at least 13 people and the toll could rise, Mexican oil company Pemex said on Thursday, the latest in a series of fatal accidents to batter the company. Pemex CEO Jose Antonio Gonzalez Anaya, who traveled to the site of Wednesday's blast near the port of Coatzacoalcos, one of...

  • MONTERREY, Mexico, April 21- Mexico's Cemex reported an unexpected $35 million profit in the first quarter of 2016, following a loss of $149 million in the same period a year earlier, helped by increased sales in the United States. In the United States, its leading market, Cemex said net sales rose 6 percent to $920 million, aided by a pickup in residential and...