South America
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Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
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*Latin America seeks integration, yet divided in terms of trade. *Pacific Alliance advocates free trade, foreign investment. BOGOTA, May 23- A Latin American bloc that includes Colombia, Mexico, Peru and Chile on Thursday agreed to eliminate tariffs on most goods to promote free trade between the countries and increase exports to Asia.
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SAO PAULO, May 23- Twenty thousand tonnes of Argentine corn arrived in Northeastern Brazil on Thursday, the state of Bahia said, a sign Brazil is purchasing corn from its southern neighbor even though it is expected to harvest its second consecutive record crop. Brazil has had trouble managing its food stocks due to insufficient storage silos and roads.
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RIO DE JANEIRO, May 23- Brazil plans to sell the right to explore and develop its largest-ever oil discovery in October, putting up for auction an offshore petroleum prospect that is expected to produce about 12 billion barrels of oil over 35 years.
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*Congress could shelve vote on bill. BRASILIA, May 23- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral extraction.
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NEW YORK-- StealthGas Inc., a Greek ship owner serving the liquefied petroleum gas market, said Thursday that its first-quarter net income fell 12 percent as expenses rose, but revenue increased slightly, surpassing Wall Street's expectations. The company earned $6.5 million, or 31 cents per share, in the first three months of the year.
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RIO DE JANEIRO, May 23- Brazil plans in October to auction off rights to explore and produce from its biggest oil find to date, and the government hopes to take a large share of the oil produced by winning bidders. The announcement came on the heels of Brazil's first oil offering in five years.
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CARACAS, May 23- Venezuela is slipping into high inflation and economic stagnation this year due to a shortage of hard currency and a decade-long weakening of domestic industry, the head of the country's main business group Fedecamaras said.
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*Copper falls as much as 3 pct, oil down for third day. *Gold bounces, grains shake off weakness on strong demand. LONDON/ SINGAPORE, May 23- Copper slid 3 percent and oil dropped for a third day on Thursday after factory surveys suggested that China's economic recovery has stalled and that the euro zone economy would contract again in the second quarter.
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BRASILIA, Brazil-- Little has been done to improve the safety of public gathering places since a nightclub fire killed 242 people earlier this year in southern Brazil, relatives of the victims said Wednesday.
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*Repsol open to an out-of-court YPF compensation package. MADRID/ BUENOS AIRES, May 23- A year after Argentina seized the local business of Spanish oil firm Repsol, there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.
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BUENOS AIRES, Argentina-- Argentina's Qom Indians have asked President Cristina Fernandez for help in recovering some of their ancestral land. The Qom refuse to move from land around the town of Primavera in far northern Argentina where the provincial and national governments want to build a National University of Formosa.
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*Brazil coffee crop to add to last seasons stocks. July raw sugar edged up 0.01 cent to 16.66 cents a lb by 1149 GMT, after earlier dipping to 16.56 cents, the lowest level for the front month since July 2010.
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EPS 238.7 U.S. cents vs 239 Thomson Reuters forecast. *Main growth in Latin America, Africa. BRUSSELS, May 23- SABMiller, the world's second-biggest brewer, forecast margin expansion in the year ahead after profit grew in line with expectations thanks to a surge in earnings in Latin America and Africa.
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HONG KONG, May 23- Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
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HONG KONG, May 23- Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
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*World turns toward South America for soy, corn. BUENOS AIRES, May 22- Scores of grains ships were delayed in and around Argentina on Wednesday due to a three-day-old strike by port workers that threatens to bog down exports at a time of heightened world demand for South American soy and corn, sources said.
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GENEVA, May 22- Russia, long touted as an engine of growth for the stuttering global business aviation industry, needs radical changes in its taxation and regulatory system if it is to fulfil that promise, a U.S. expert said on Wednesday.
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NEW YORK/ LONDON, May 22- ICE arabica coffee futures tumbled to the lowest level in more than three years on Wednesday, as a speculator selloff extended recent losses seen on ample supplies and a favorable crop outlook in top producer Brazil, dealers said.
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NEW YORK/ LONDON, May 22- ICE arabica coffee futures tumbled to the lowest level in three years on Wednesday, as speculator selling extended recent losses seen on ample supplies and a favorable crop outlook in top producer Brazil, dealers said.
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Charles Schumer says the Muller Quaker Dairy plant will have a grand opening on June 3. The $206 million dollar plant is a joint venture of PepsiCo and Germany's Theo Muller company. The plant is just next door to a $20 million yogurt plant opened last October by Alpina Foods, based in Bogota, Colombia.