Christian Keller, economist at Barclays, talks about investing in emerging markets, how Fed tapering fears are impacting them and why he is very bullish on Mexico.» Read More
CHICAGO, June 18- A swine virus deadly to young pigs, one never before seen in North America, is spreading rapidly across the United States and proving harder to control than previously believed.
RIO DE JANEIRO, June 18- Brazil, a major producer of iron ore, gold, copper and other metals, unveiled a long-awaited bill to reform its 46- year-old mining code on Tuesday, proposing a doubling of the current top royalty rate and stricter rules for opening new mines.
LONDON, June 18- Wild exchange rate swings in the yen are giving investors an added incentive to sell holdings of the emerging debt that not so long ago was billed as one of the prime beneficiaries of Japan's money-printing drive.
*Saipem at centre of Algeria corruption probe. MILAN, June 17- A second profit warning in less than 5 months wiped over a quarter from the share price of Italy's Saipem on Monday, leaving Europe's biggest oil industry group worth half what it was at the start of the year.
PIEDRAS NEGRAS, Mexico-- Heavy weekend rains have caused severe flooding in the Mexican city of Piedras Negras on the border with Texas. Canales says the storm that began Friday afternoon and continued into Saturday dropped 60 percent of the rain usually seen in a full year in Piedras Negras.
*Saipem at centre of Algeria corruption probe. MILAN, June 17- Saipem's share price fell by as much as 25 percent on Monday, after Europe's biggest oil industry services group gave its second major profit warning in less than six months due to problems with contracts in Algeria, Mexico and Canada.
NEW YORK, June 16- Since Ben Bernanke unleashed a bombshell on May 22 by suggesting the U.S. Traders with big investors like Pacific Investment Management Company and Loomis Sayles& Company are taking advantage of buying opportunities they say they haven't seen in some time, with in-and-out hot money having flushed out of the system.
June 14- The Mexican unit of Spanish bank Santander said on Friday it will buy Dutch bank ING's mortgage business in Mexico to become the country's second-biggest provider of home loans. Santander Mexico, Mexico's No. 3 bank, will pay 643 million Mexican pesos in cash for the 12.3 billion peso mortgage book, according to a statement.
*Sale could raise $600 mln to $700 mln, analyst says. MEXICO CITY, June 14- Wal-Mart de Mexico, Mexico's largest retailer, surprised analysts on Friday by saying it may sell its restaurant unit, including the popular Vips chain, after receiving interest from potential buyers.
MEXICO CITY, June 14- Mexico's largest retailer Wal-Mart de Mexico said on Friday it has started looking into selling its Vips restaurant business as it seeks to shed non-core assets in the face of flagging sales. It is controlled by Wal-Mart Stores Inc..
*Canal could boost GDP by 15 percent- Nicaragua. The $40 billion proposal by HK Nicaragua Canal Development Investment Co Ltd's calls for linking Nicaragua's Caribbean and Pacific coasts and includes plans for two free-trade zones, a railway, an oil pipeline and airports.
NEW YORK, June 13- Luxury hotel owner Strategic Hotels and Resorts Inc has hired investment bank Eastdil Secured to explore a possible sale of the real estate investment trust, two sources familiar with the matter said this week. Its shares rose 10.6 percent to $8.53 in late trading on the New York Stock Exchange after the news.
WASHINGTON, June 13- The Democratic-led U.S. Senate on Wednesday rejected a Republican amendment that foes said would have undermined a key element of the White House- backed bill that aims to provide a pathway to citizenship for 11 million undocumented immigrants.
NEW YORK-- Small business exports are rising as the economy gradually gains strength and companies find trading partners in a new mix of countries, according to a survey released Wednesday.
MEXICO CITY, June 12- Congressional leaders of Mexico's main parties said on Wednesday they had agreed to hold two special sessions of Congress in July and August to tackle outstanding initiatives, paving the way for key energy and fiscal reforms to move forward in the autumn.
Human resources executives from Adobe, Broadcom, Intel, Motorola Solutions and other corporations met with dozens of lawmakers and senior advisers on Wednesday from the congressional committees in charge of immigration laws.
"There's no question that for a long time one of the most difficult issues that we're grappling with... is the whole domain of issues encompassed in privacy," said Michael Punke, U.S. ambassador to the World Trade Organization. The negotiations include the United States, the European Union, Japan, Mexico, Turkey and more than a dozen other countries.
LONDON, June 12- The $1 trillion market in emerging corporate bonds could be headed for a surge in defaults if company earnings in swiftly depreciating roubles or pesos fail to keep pace with dollar-based debt repayments. Corporate vulnerability was one of the motivations behind Russia's costly $200 billion defence of the rouble in 2008..
DES MOINES, Iowa-- The U.S. Department of Labor said Tuesday it sued a Kentucky businessman claiming he and others took $4.9 million from the pension plans of a Fairfield foundry's union workers and a related Michigan company to use for their own business interests violating a federal law that protects worker pension assets.
*Bill easily overcomes Senate procedural hurdle. With November's election results indicating broad support for updating the country's immigration laws, even some senators who have expressed opposition to the Senate bill voted to allow the debate to go ahead.