Nicaragua's congress has passed bill granting a little-known Chinese tycoon the exclusive right to develop a multibillion-dollar rival to the Panama Canal.» Read More
DETROIT, Jan 31- General Motors Co is recalling 13,680 cars globally to address potential problems with improperly tightened suspension bolts and faulty airbags, according to the company and documents filed with U.S. safety regulators.
*Sees 2013 profit of $9.25- $9.75/ share vs $9.17 estimate. Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit and gave a strong outlook for 2013 on Thursday as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America.
*Earnings of $1.41/ share top Wall Street view of $1.40. *Venezuela crimps volume, gross margin in Latin America. Jan 31- Colgate-Palmolive Co posted a slightly bigger increase in quarterly profit than Wall Street was expecting on Thursday as it raised prices and used more advertising to entice shoppers to buy its toothpaste and other products.
Jan 31- Colgate-Palmolive Co posted a higher quarterly profit on Thursday as it raised prices and used more advertising to entice shoppers to buy its toothpaste and other products.
The level of credit needed to spur economic growth has grown five-fold since the 1980 s, said Gross, who is a founder and co-chief investment officer of Pacific Investment Management Co. He likened the need for more and more government stimulus to produce ever-diminishing rates of growth to Japan's experience over the past decade.
*Citi is in 100 countries, with consumer banking in 40. NEW YORK, Jan 31- Citigroup Inc is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, according to two people familiar with the matter.
MEXICO CITY, Jan 30- Mexico's telecoms chief Mony de Swaan is due to face lawmakers on Thursday who want to know why he awarded millions of dollars in government contracts they believe may have been redundant.
MEXICO CITY, Jan 30- Peru is in the best shape in Latin America to withstand an economic meltdown while Venezuela and Argentina have the weakest defenses, according to an analysis by International Monetary Fund economists.
*Sugar gets lift from Brazil gasoline, diesel prices. NEW YORK/ LONDON, Jan 30- Cocoa futures on ICE revisited a seven-month low on Wednesday and coffee fell after data showed the U.S. economy contracted in the fourth quarter. Raw sugar futures on ICE Futures U.S. rose, boosted by a decision by Brazil to raise fuel prices, and by short-covering.
LONDON, Jan 30- Raw sugar futures on ICE rose on Wednesday, supported by some constructive chart signals, the potential for fund short covering and a decision by Brazil to raise fuel prices. March raw sugar futures on ICE were up 0.15 cents, or 0.8 percent, at 18.53 cents a lb at 1525 GMT.
LONDON, Jan 30- Raw sugar futures on ICE rose on Wednesday, supported by broad-based gains in commodity markets, some constructive chart signals and the potential for fund short covering. March raw sugar futures on ICE were up 0.31 cents, or 1.7 percent, at 18.69 cents a lb at 1249 GMT.
*HSBC sets up committee to combat financial crime, risks. LONDON, Jan 30- HSBC is hiring a former U.S. deputy attorney general with a background in fighting drug cartels to help the global bank avoid a repeat of lapses in its anti-money-laundering controls that led to a $1.9 billion fine.
TOKYO, Jan 30- Toyota Motor Corp will recall 1.1 million cars globally for two separate defects, including 752,000 Corolla and Corolla Matrix vehicles in the United States to fix airbags that could be deployed inadvertently, the automaker said on Wednesday.
SEOUL/ BANGKOK, Jan 30- South Korea warned on Wednesday it might consider a tax on financial transactions and Thailand said it was worried its strong currency would hurt exporters as moves by advanced economies to flood markets with easy money increasingly spill over into other countries.
Mexico has one of the lowest tax takes in Latin America, and President Enrique Pena Nieto has pledged to expand the fiscal base to help fund investment and improve economic growth.
*Colombia joins Peru and Costa Rica in flows defense. Colombia cut interest rates on Monday and said it would ramp up dollar purchases. Peru plans to pre-pay up to $1.5 billion in foreign debt this year and is intervening aggressively to curb currency gains.
NEW YORK/ LONDON, Jan 29- Raw sugar futures on ICE dropped on Tuesday as concerns receded over potentially damaging rains in Australia, the world's third-biggest exporter, pulling the market off the previous session's steep gains. "We had knee-jerk buying because of that," said James Cordier, founder and president at Liberty Trading Group in Tampa, Florida.
*Ivory Coast, Ghana seen behind in cocoa sales. The cocoa market remained under pressure from expectations of forward sales from West Africa, combined with a pick-up in supplies arriving at ports of top producer Ivory Coast for export.
The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
*Canada, EU deal was supposed to be done in 2012. ABUJA, Jan 28- Free trade talks between Canada and the European Union are progressing but there is no end date for an deal that was supposed to have been finished by the end of 2012, Canada's Trade Minister Ed Fast said on Monday.