×

Business Central America

  • Lopez Obrador, frontrunner in polls for the 2018 race, fought the overhaul of Mexico's state-run energy sector by the current government, saying the move to open the industry to private producers was anti-constitutional. A Lopez Obrador victory in 2018 could complicate Mexico's relations with top trade partner the United States and U.S. oil companies that...

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell money-losing Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to years of massive losses. Including debt, the deal gives CSA, the largest foreign investment project ever in Brazil, an enterprise value of 1.5...

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell its loss-making Brazilian steel mill CSA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to billions of euros in losses. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an...

  • Protestors gather at the Milwaukee County Courthouse where they attend a rally against President Donald Trumps policy on immigration February 13, 2017 in Milwaukee, Wisconsin.

    DHS officials said that although any immigrant in the country illegally could be deported, the agency will prioritize those deemed a threat.

  • SAO PAULO, Feb 22- Ternium SA has agreed to buy Thyssenkrupp AG's CSA steel plant for 1.26 billion euros, ending five years of attempts by the German industrial firm to offload the loss-making Brazilian mill. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an enterprise value...

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. Spreadbetters expected the boon for equities to extend into the European day, predicting a higher open for Britain's FTSE, Germany's DAX and France's CAC.

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

  • MEXICO CITY, Feb 21- Mexico's top finance policymakers said on Tuesday the central bank will offer up to $20 billion in currency hedges, a major shift in policy aimed at helping Latin America's No. 2 economy tame volatility that has battered the peso. The move puts Mexico, which has been one of the most orthodox supporters of free-floating exchange rates, more in...

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • MEXICO CITY, Feb 21- Mexico's top finance policymakers said on Tuesday the central bank will offer up to $20 billion in currency hedges, a major shift in policy aimed at helping Latin America's No. 2 economy tame volatility that has battered the peso. The move puts Mexico, which has been one of the most orthodox supporters of free-floating exchange rates, more in...

  • MEXICO CITY— Mexico's central bank says it will sell $20 billion in peso coverage contracts to cushion the risk of holding the country's currency. The Bank of Mexico said in a statement that "in recent months the peso has shown a high degree of volatility in exchange rates against the U.S. dollar, which is not consistent with the country's economic fundamentals."

  • The agreement was signed on Thursday by top prosecutors from Brasil, Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and one European country, Portugal. Odebrecht said it paid $439 million outside Brazil, with the largest bribe admissions abroad in Venezuela, the Dominican Republic and Panama. Brazilian prosecutors...

  • SANTA FE, Mexico _ Controladora Vuela Compania de Aviacion SAB. de CV on Friday reported fourth-quarter net income of $47 million. On a per-share basis, the Santa Fe, Mexico- based company said it had profit of 46 cents.

  • SINGAPORE- Federal Reserve Bank of Cleveland President Loretta Mester speaks on "View From the Federal Reserve" before the Global Interdependence Center "Central Bank Series: Singapore" event- 0115 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland...

  • The Senate confirms Trump's picks to run the Environmental Protection Agency and to serve as White House budget director. Defense Secretary Jim Mattis, at NATO headquarters in Brussels, says he does not see the conditions for military collaboration with Russia- a blow to Moscow's hopes for repairing ties with the United States following Trump's election.

  • Defense Secretary Jim Mattis, at NATO headquarters in Brussels, says he does not see the conditions for military collaboration with Russia- a blow to Moscow's hopes for repairing ties with the United States following Trump's election. The confirmation hearing for Trump's U.S. Supreme Court nominee, conservative federal appeals court judge Neil Gorsuch, will...

  • Defense Secretary Jim Mattis, at NATO headquarters in Brussels, says he does not see the conditions for military collaboration with Russia- a blow to Moscow's hopes for repairing ties with the United States following Trump's election. The European Union in Brussels is preparing a summit to promote free trade and international cooperation with China in April...

  • ROSARIO, Argentina, Feb 16- When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. Increasing congestion on the Parana, which carries 80 percent of Argentina's grains exports, could hamper President Mauricio Macri's efforts to...

  • NOGALES, Arizona, Feb 16- For up to 16 hours a day, tomatoes, peppers, cucumbers and mangoes grown in Mexico flow north through a border checkpoint into Nogales, Arizona, helping to ensure a year-round supply of fresh produce across the United States. Now in office, Trump is considering a 20 percent tax on imports from Mexico, one of several ideas under review in...

  • Feb 15- Some 1,000 unionized employees at Primero Mining Corp have gone on strike at the Canadian gold miner's San Dimas mine in Mexico, halting mining and milling operations, the company and union said on Wednesday. The National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic said about 1,000 workers began the strike at midnight.