Argentina
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Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.
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May 24- Chilean environmental authorities on Friday ordered Barrick Gold Corp to halt work at its massive Pascua-Lama project and fined the company $16 million, citing serious environmental violations at the site.
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SANTIAGO, May 24- Chilean environmental authorities said on Friday that they will fine Barrick Gold Corp's Pascua-Lama mine around $16 million and that construction on the controversial deposit will need to remain suspended until it adheres to a water management plan in its environmental permit.
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*Corn edges down, up 1 percent for the week. AMSTERDAM/ SYDNEY, May 24- Chicago Board of Trade soybeans edged lower ahead of a long U.S. weekend, following six sessions of gains, but were still up for the week as tight old-crop stocks and strong demand supported prices.
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Argentina is still struggling with the fallout from its roughly $100 billion sovereign debt default 11 years ago. One judge ordered Argentina to pay holdouts the full $1.33 billion owed them the next time it serviced restructured debt. Argentina appealed, and a ruling by the 2nd U.S. Circuit Court of Appeals is expected in the coming weeks.
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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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*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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*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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*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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Brazil seeking vehicle for pension funds to invest in projects. BRASILIA, May 21- Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday.
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*Argentina angling to greatly expand access to U.S. market. BUENOS AIRES, May 20- Argentina is pursuing U.S. environmental approval to export biodiesel more easily to that market and revitalize a local industry in "crisis" due to trade problems with the European Union, Argentina's main biofuels chamber said on Monday.
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BUENOS AIRES, May 20- Argentina is pursuing U.S. environmental approval to export biodiesel more easily to that market and revitalize a local industry in "crisis" due to trade problems with the European Union, Argentina's main biofuels chamber said on Monday.
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BUENOS AIRES, May 20- Port workers in Argentina's main grains hub of Rosario went on strike over wages on Monday, a local union spokesman said, slowing exports from the world's No. 1 soymeal and soyoil supplier. Wage strikes are common in Argentina, where private economists clock annual consumer price inflation at about 25 percent.
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BUENOS AIRES, May 20- Port workers in Argentina's main grains hub of Rosario went on strike over wages on Monday, a local union spokesman said, slowing exports from the world's No. 1 soymeal and soyoil supplier. Wage strikes are common in Argentina, where private economists clock annual consumer price inflation at about 25 percent.
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SANTIAGO, May 20- Banco de Chile, the country's leading lender, is tempering its enthusiasm for the small, export-dependent economy as it sees signs of a slowdown in demand for corporate and consumer loans, its chief executive said.
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MEXICO CITY, May 20- Mexico's banking reform will take two or three years to have an impact on credit and access to financial services, said the chairman of Mexico's largest locally-owned bank, Grupo Financiero Banorte.
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SANTIAGO, May 17- LATAM Airlines Group SA said its Argentina unit was halting all of its flights in the country until 1330 GMT on Saturday after a state company unilaterally decided to stop providing services to the airline.
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SANTIAGO, May 17- LATAM Airlines Group SA's said its Argentina unit is halting all of its flights in the country until 13:30 GMT on Saturday due to a state company unilaterally deciding to stop providing services to the airline.
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*U.N. says Syria conflict a humanitarian catastrophe. LONDON, May 17- Syria has managed to increase its grain imports in recent months after a period when it was less active on international markets, traders say, a development that suggests President Bashar al-Assad has found a way to feed his people despite war.