Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.» Read More
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NEW YORK-- Theravance Inc. said Tuesday it formed a partnership with Italian drugmaker Alfa Wassermann SpA to develop its gastrointestinal disorder drug velusetrag. Theravance said the companies will work together on mid-stage clinical testing of the drug.
TEGUCIGALPA, Honduras-- In some countries political campaigns give out bumper stickers and yard signs. In Honduras, one of Latin America's poorest countries and also its most dangerous, candidates dole out another kind of political swag: coffins for the destitute.
*Brazil's Somar: flowering bodes well for 2013 coffee crop. NEW YORK/ LONDON, Oct 2- Arabica coffee futures soared nearly 4 percent to a 10- week high on Tuesday, on heavy short-covering prompted by concerns of dry weather in top grower Brazil, while raw sugar extended the previous session's steep gains.
Oct 2- Fitch Ratings has affirmed the' AA' Insurer Financial Strength ratings of Factory Mutual Insurance Company and its affiliates. The Rating Outlook is Stable.
NEW YORK, Oct 2- Bill Gross, founder and co-chief investment officer of bond giant PIMCO, said he sees the U.S. going the way of Greece if it does not get its fiscal house in order.
MEXICO CITY-- The appearance of a life-size statue of Azerbaijan's "founder of the nation" on Mexico City's elegant Reforma Avenue, not far from Mahatma Gandhi, Abraham Lincoln and Mexico's national heroes, is raising eyebrows and protests.
U.S.-traded shares of Argentine companies did particularly well, with telecom holding company Nortel Inversora gaining 7.7 percent to $11.10 and Petrobras Argentina, a subsidiary of Brazil's Petrobras adding 4.4 percent to its share price. The BNY Mellon index of leading Latin American ADRs gained 1.1 percent on the day.
The most popular motorsports series in Mexico will make its U.S. debut next season at Phoenix International Raceway. The NASCAR Toyota Series will run at Phoenix on March 1 in conjunction with the Sprint Cup, Nationwide and K&N West Series. NASCAR and PIR officials will hold a Tuesday news conference in Phoenix.
Oct 1- Torex Gold Resources Inc:. *Announces C $350 million bought deal financing. *Net proceeds of the offering will be used to fund development of the Morelos.
NEW YORK, Oct 1- U.S. manufacturing unexpectedly grew last month for the first time since May but euro zone factories suffered their worst quarter since early 2009 and China lost steam, suggesting the global economy faces hurdles as it tries to outrun recession.
TOKYO-- The fast aging of Japanese society is evident as soon as one lands at Tokyo's Narita airport and sees who is doing the cleaning. Having the world's highest percentage of older people is creating unique challenges for Japan, but a report released Monday by the U.N. Population Fund warns that they will not be unique for long.
CARACAS, Venezuela-- A huge crowd filled the streets of Venezuela's capital on Sunday cheering for opposition candidate Henrique Capriles, waving flags in a show of support one week before the country's hotly contested presidential election.
Oct 1- The U.S. Supreme Court, back in session today after its summer recess, is expected to take up a closely watched case that could help it decide whether American judges are empowered to hear lawsuits over human rights atrocities abroad.
*India, Middle East, Africa to lead high-tech product demand. have more disposable income and a heavy appetite for technology products like cell phones, tablets and laptops, " Ken Rankin, high-tech marketing director at UPS in Atlanta, said in a Friday interview with Reuters.
Israeli Prime Minister Benjamin Netanyahu just said Iran will have enough enriched uranium to build a bomb by next summer. How are the markets reacting? CNBC's Sharon Epperson and Kamran Bokhari, Stratfor, discuss.
U.S. investors who've been cringing over the Chinese and Brazilian stock markets the past few years might have looked closer to home for an emerging market.
Investors looking to sample Mexico will find a limited number of ADRs, but many open-ended mutual funds and exchange traded funds.
The Venezuelan president pledged to invest $130 billion in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, doubling output to make it OPEC’s second-largest producer after Saudi Arabia, knocking Iran into third place.
Many people want to spend their later years in an environment that makes them feel like they’ve stumbled upon a secret paradise.