• BOGOTA, Dec 10- Bidding to build a long-awaited $6.9 billion subway system in Bogota, Colombia's capital city, will open in the second half of 2015, the mayor said on Wednesday, adding that the project has garnered interest from foreign companies. Now the city has plans to open a first 32 km line serving 27 stations by 2020, mayor Gustavo Petro- considered the...

  • The planned Trans-Pacific Partnership has faced stumbling blocks, largely because of wrangling between the pact's two biggest economies, the United States and Japan, over agricultural tariffs. But there was a lot of pressure from the United States to close a deal, said Chile's head of international economic relations, Andres Rebolledo, on the sidelines of an...

  • MEXICO CITY, Dec 5- Mexico's central bank on Friday held borrowing costs steady but said a slump in the peso could add to inflation pressures, and noted that growing social unrest in Latin America's No. 2 economy may crimp growth. Mexico's peso slumped to a fresh 2-1/ 2 year low against the dollar on Friday. The Mexican currency has been hammered as global oil prices...

  • SANTIAGO, Dec 5- The slide in oil prices will probably cut Canadian economic growth by 1/ 3 of a percentage point in 2015, not the 1/ 4 point the Bank of Canada estimated in late October, bank Governor Stephen Poloz told Reuters on Friday. He was speaking on the sidelines of an International Monetary Fund forum in Santiago two days after he held the central bank's...

  • IMF head warns of bumpy road for Latin America Friday, 5 Dec 2014 | 12:21 PM ET

    SANTIAGO, Chile— Latin America faces a rocky road ahead despite social and economic achievements in recent years, the head of the International Monetary Fund said Friday. Lagarde said Latin America's outlook will now be influenced by shifting economic and financial conditions worldwide. Lagarde said Latin America's middle class had grown by about 50...

  • SANTIAGO, Dec 5- The slide in oil prices will probably cut Canadian growth by 1/ 3 of a percentage point in 2015, not the 1/ 4 point estimated in late October, Bank of Canada Governor Stephen Poloz told Reuters on Friday. However, U.S. growth is a little stronger than previously forecast and this should offset some of the downward pressure from cheap oil, Poloz said on the...

  • DIARY - Emerging Markets Economic Events to Dec 1 Monday, 17 Nov 2014 | 7:02 PM ET

    Nov 18- For other related diaries, please. MAKATI CITY- Asian Development Bank to launch the latest Asian Economic Integration Monitor- 0130 GMT. BRASILIA- Brazil Central Bank President Alexandre Tombini may speak at congressional commission about deterioration of the country's fiscal results.

  • TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...

  • DIARY - Emerging Markets Economic Events to Nov 4 Thursday, 23 Oct 2014 | 8:02 PM ET

    Oct 24- For other related diaries, please. COLOMBO- Sri Lankan President and Finance Minister Mahinda Rajapaksa presents 2015 budget in the parliament. SEOUL- South Korea's Central Bank Governor Lee Ju- yeol and Finance Minister Choi Kyung- hwan will appear before lawmakers.

  • MADRID, Oct 13- Spain's Gas Natural said on Monday it was leaving its 2015 payout plans unchanged after announcing a $3.3 billion takeover offer for Chile's biggest electricity distributor Compania General de Electricidad. Analysts at Barclays said in a note that the acquisition seemed expensive and posed questions on Gas Natural's dividend policy.

  • *Gas Natural to launch 4,700 peso per share bid for CGE. MADRID/ SANTIAGO, Oct 12- Spain's Gas Natural on Sunday said it would launch a $3.3 billion takeover offer for Chile's biggest electricity distributor Compania General de Electricidad, in a bid to boost its presence in growing Latin American markets. As part of the deal with those investors, Gas Natural will...

  • DIARY - Emerging Markets Economic Events to Oct 7 Tuesday, 23 Sep 2014 | 8:02 PM ET

    Sept 24- For other related diaries, please. NEW YORK- India Investment Forum. Indian Finance Minister Arun Jaitley and Finance Secretary Arvind Mayaram to attend.

  • Venezuela in dilemma over hiking world's cheapest fuel Wednesday, 10 Sep 2014 | 9:37 AM ET

    CARACAS, Sept 10- President Nicolas Maduro is mulling a politically risky move to raise highly subsidized gasoline prices in Venezuela for the first time in 17 years, but may be put off for now by fears of a social backlash. With 95 octane gas on sale for less than two U.S. cents a liter most motorists can fill up for under $1- less than a small bottle of drinking water.

  • SANTIAGO, Sept 5- Chilean diversified retailer Cencosud posted a healthy increase in sales during the second quarter despite decelerating economic growth in some of its main markets. The result was partially offset by lower revenues in Argentina due to the devaluation of the local currency, Cencosud said on Friday.

  • SANTIAGO, Sept 5- Chile's economy grew in July at its slowest pace in more than four years but above market forecasts, its central bank reported on Friday, raising the possibility that a slowdown may be close to touching bottom.

  • SANTIAGO, Sept 1- Leading South American retailer Falabella is revising spending plans, reducing inventories and looking to tweak supplier sources as it faces an economic slowdown in key markets, Chief Executive Officer Sandro Solari told Reuters.

  • BERLIN/ PARIS, Aug 25- The euro zone's flat-lining economy took another hit on Monday when data showed German business sentiment sagging for the fourth month running, while a row over the lack of growth led the French government to resign.

  • DIARY - Emerging Markets Economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:02 PM ET

    Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.

  • SANTIAGO, Aug 14- Chile's central bank cut its benchmark interest rate 25 basis points to 3.50 percent on Thursday despite stubbornly high inflation and left the door open for additional reductions as it looks to boost a quickly stagnating economy. The bank is in an easing cycle and has already reduced the rate from 5.0 percent since last October.

  • Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South American nation is already working to increase its exports of corn and soybeans sales to Russian buyers, Brazil's secretary of agricultural policy, Seneri Paludo, said on Thursday.