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They may both be "BRICs", but China and Brazil face opposite problems and should take tips from each other, according to a report by Capital Economics out on Thursday.
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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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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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They may both be "BRICs", but China and Brazil face opposite problems and should take tips from each other, according to a report by Capital Economics out on Thursday.
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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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*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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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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LONDON, May 22- Arabica coffee futures on ICE fell to a three-year low on Wednesday as the market extended recent losses linked to ample supplies and a favourable crop outlook in top producer Brazil.
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TALLAHASSEE, Fla.-- In just two-and-a-half years Florida Gov. Scott arrived early Tuesday in the South American country of Chile as part of a trade mission with more than 100 people, including top officials from the state's ports and leaders of companies such as Florida Power& Light.
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*Sudan hopes to offset loss of oil to South Sudan. NEAR SOFIYA, Sudan, May 22- In a hangar-shaped factory hall in central Sudan a dozen workers rush to pack refined white sugar gushing from a funnel into paper bags to be loaded on three trucks parked outside.
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*Several dealers doubt China will raise import duty. LONDON/ BEIJING, May 22- A slide in sugar prices driven by excess supplies may be given fresh impetus soon with China, one of the world's top importers, likely to cut back on purchases after a sharp jump in stocks. "If China were to continue to buy large tonnages of sugar, that would be a bullish signal.
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LONDON, May 22- Arabica coffee futures on ICE set contract lows on Wednesday as the market extended recent losses linked to ample supplies and a favourable outlook for the crop in top producer Brazil. July arabica coffee on ICE stood 0.55 cent or 0.4 percent weaker at $1.3215 per lb at 1111 GMT after setting a contract low of $1.3205.