Business Central America

More

  • BRUSSELS, Dec 7- Belgium's Nyrstar NV said on Monday it was suspending operations at another mine as it seeks to reduce cash consumption in the face of weak zinc prices. Zinc metal production at Nyrstar's nearby Clarksville smelter would be reduced by about 7 percent, equivalent to some 9,000 tonnes per year. "We continue to take decisive action to reduce spending...

  • CARRIZALILLO, Mexico, Dec 6- Heroin traffickers linked to the abduction and disappearance of 43 students a year ago are battling over millions of dollars paid by Canadian mining giant Goldcorp to a village in Mexico's southern gold belt, leading to a wave of murders. But residents of Carrizalillo in the impoverished state of Guerrero say the some $3 million a...

  • SAO PAULO, Dec 3- Brazilian stocks on Thursday posted their biggest gain in a month the day after lawmakers in Latin America's largest economy started impeachment proceedings against President Dilma Rousseff. Brazil's stock exchange jumped 3.29 percent after the head of the lower house of Congress accepted a request on Wednesday to start the proceedings...

  • MEXICO CITY, Dec 3- Mexican billionaire Carlos Slim said on Thursday he will not give away his family's shares to charity like Facebook founder Mark Zuckerberg. Earlier this week, Zuckerberg announced he would donate 99 percent of his Facebook shares, currently worth about $45 billion, to a new philanthropic project he will run with his wife.

  • HOUSTON, Dec 3- Mexico's state-run oil company Pemex has expanded its brand to Houston, Texas, with the first gasoline station bearing its name outside of Mexico, the company said on Thursday. The station south of downtown Houston is the first of five to open in the city, chosen for Pemex's expansion because of its large Hispanic population and competitive...

  • DETROIT, Dec 3- Toyota Motor Corp's production of trucks and SUVs will rise slightly by mid-2016 as it adapts to U.S. consumer tastes, several of its executives said in an interview on Thursday. More production is on the way after the recent addition of a third shift of workers at a plant in Baja California, Mexico, that makes the Tacoma, and the addition of about 800...

  • MEXICO CITY, Dec 2- Latin American stocks fell on Wednesday after comments from Janet Yellen boosted expectations of a U.S. interest rate hike and oil dipped below $40 a barrel, boding poorly for the region's crude producers. The Fed's next policy meeting is Dec 15-16. Colombia's stock index closed at its lowest level since April 2009 while Mexico's IPC stock...

  • Crisis-hit Venezuela loses faith in 'revolution' Saturday, 28 Nov 2015 | 10:10 AM ET
    Supporters of Venezuelan President Hugo Chavez hold an allusive poster while gathering in front of the Military Hospital in Caracas on March 5, 2013, after knowing of their leader's death.

    The movement called "The Beautiful Revolution" is ailing ahead of Dec. 6 legislative elections — including in Sabaneta, Hugo Chavez's hometown.

  • SABANETA, Venezuela, Nov 27- In 2010, late socialist leader Hugo Chavez knelt down in the backyard of his childhood home in Venezuela's lush plains to plant an orange tree named' revolution' as red-shirted supporters cheered and cameras flashed. Just like its botanical namesake, the movement Chavez called "The Beautiful Revolution" is ailing ahead of Dec. 6...

  • MEXICO CITY, Nov 24- A fire broke out at Mexico's biggest oil refinery on Tuesday and some staff were evacuated, a spokesman for state-run oil company Pemex said, the latest in a string of incidents to hit the company's refineries. Photographs taken by emergency services workers showed a blazing fireball and a thick black plume of smoke rising up into the sky from...

  • LONDON, Nov 20- The London zinc price touched a fresh six-year low of $1,497.50 per tonne on Thursday. Last month's flurry of excitement after Glencore's announcement of 500,000 tonnes of mine cuts had, it seemed, completely dissipated. Zinc, like copper, has been coming under sustained bear attack from China, where Shanghai Futures Exchange volumes and open...

  • TORONTO, Nov 19- Canadian miner Aura Minerals Inc said on Thursday that it has suspended operations at its San Andres gold mine in Honduras after a small group from local communities entered the site and "forcefully" disrupted operations. The Toronto- based company said that it is considering options to restart the mine and is working with local representatives...

  • Mexico's Pemex seeking partners for refinery upgrades Tuesday, 17 Nov 2015 | 6:17 PM ET

    MEXICO CITY, Nov 17- Mexico's state-owned oil company Pemex is seeking private partners for three major refinery upgrades that will allow it to convert more heavy crude into higher-value fuels like gasoline, a company executive said on Tuesday. Pemex estimates required investment for the construction and installation of coking units at its Salina Cruz, Tula...

  • DETROIT, Nov 16- Detroit's Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S. workers to build their very profitable trucks, sport utility vehicles and luxury cars. New versions of several of their popular U.S. compact cars are expected to...

  • MEXICO CITY, Nov 11- Carlos Slim's brother interrogated leftist rebels for Mexico's intelligence agency while his eldest son often hands out a biographical novel about Leon Trotsky as a gift, according to a new book on the tycoon who was long the world's richest man. The youngest, deeply Catholic Patrick, part-financed a film about the 1920 s Cristero War, which...

  • MERIDA, Mexico, Nov 6- After standing by Communist Cuba in its years of international isolation, Mexico welcomed Cuban President Raul Castro on Friday as it seeks to turn Havana's thawing relations with the United States into a major business opportunity on the island. Following Pena Nieto's words closely, Castro praised Mexico for its solidarity during the...

  • For the first time since Washington and Havana announced a historic rapprochement last December, Cuban President Raul Castro will on Friday visit Mexico, a country eager to stake its claim as Cuba's principal bridge to Latin America. Castro will meet his Mexican counterpart President Enrique Pena Nieto in the picturesque colonial-era city of Merida just a...

  • *Lower commodity prices to hurt South Africa's rand. JOHANNESBURG/ BRASILIA, Nov 5- Emerging market currencies are likely to return to record lows in 2016, a Reuters poll predicted on Thursday, although a recent respite may last for a few more months if the Federal Reserve passes on a December interest rate rise, which many now expect. Currencies in Brazil, Turkey...

  • West Texas Intermediate crude as part of a historic oil swap with the United States, a top company executive said on Friday. Pemex said earlier this week it had received a year-long license from the United States to import U.S. light crude in exchange for exports of Mexico's heavier crude oil. The swap will mark the first time in decades that Mexico's aging...

  • Oct 30- Fiat Chrysler Automobiles NV said it was recalling nearly 900,000 vehicles around the world to fix issues related to airbag deployment and anti-lock braking systems. The car maker said it would recall about 13,411 vehicles in Canada, 6,277 in Mexico and 48,212 outside the NAFTA region to fix the same problem. The car maker also said it would recall about...