Luis Costa, EM debt strategist, at Citi, discusses the USD/JPY following the release of the Japanese first quarter GDP and advises investing in Latin American currencies.» Read More
SANTIAGO, June 19- Chilean president Sebastian Pinera is seeking to reform the Andean country's private pension funds to boost competitiveness and increase pensions for workers, he told a local radio station on Wednesday. The pension funds, Chile's biggest institutional investors, have been crucial in developing the country's local stock market.
SANTIAGO, June 17- Chilean presidential favorite Michelle Bachelet said on Sunday she would gradually hike corporate taxes to 25 percent from their current 20 percent, chiefly to fund an education overhaul, if she is elected to the presidency for a second time this year.
SANTIAGO, June 14- Workers at Chile's Collahuasi have voted to approve a new, early contract proposal, the union told Reuters on Friday, calming fears of labor unrest at the world's third-largest copper deposit. Under the new four-year contract, workers will receive a 3.5 percent salary increase, a roughly $31,900 bonus and a loan worth $6,000.
SANTIAGO, June 11- LATAM Airlines Group SA plans to spend around $11 billion to boost its fleet by 165 planes by 2017, Latin America's largest carrier said during a shareholders' meeting on Tuesday. The company added it hopes to wrap up a planned capital hike of roughly $1 billion to help fund the major fleet overhaul around Sept. 25.
LONDON, June 10- Copper fell to its lowest in more than three weeks on Monday, as disappointing data from China stoked fears about the outlook for industrial metals demand. Three-month copper on the London Metal Exchange fell to $7,155 a tonne at 0947 GMT, down 1 percent from Friday's close of $7,230.
SINGAPORE, June 10- London copper fell to its lowest since mid-May on Monday after soft Chinese economic data at the weekend reinforced the case that growth is still slowing in the world's second-biggest economy.
MEXICO CITY, June 10- Mexico and Peru's popularity among foreign investors means they are among the emerging market economies most exposed to losses when the United States finally moves to take its foot off the monetary accelerator.
BEIJING, June 8- China's imports of major commodities all rose in May, even as overall imports weakened, as favourable price movements and an easing of port congestion conspired to boost inward shipments of everything from copper to soybeans.
June 5- Barrick Gold Corp plans to give Chilean regulators a water management plan for its delayed Pascua-Lama mine "imminently", and says the project will be one of its key assets once production finally starts.
LONDON, June 5- European solar power capacity has already reached some 80 percent of national projections for the end of the decade, underlining how growth has caught policymakers unawares. But it is still a key market for solar panels, led by Germany, Italy and France.
OSLO, June 5- Fish farmer Marine Harvest has eased the conditions of its hostile $1.7 billion bid for rival Cermaq, signalling it would take a minority stake if it is unable to win over a majority of shareholders.
TORONTO, June 4- Canada's Barrick Gold Corp said it would delay beyond 2014 the startup of its Pascua-Lama gold mine in Chile and Argentina, and as a result would likely exceed its current project budget of up to $8.5 billion. Its shares fell 3.4 percent to C $21.22 on Tuesday morning on the Toronto Stock Exchange.
TORONTO, June 4- Canada's Barrick Gold Corp said it would delay the startup of its Pascua-Lama gold mine in Chile and Argentina past late 2014 and that the project would probably exceed its current budget of up to $8.5 billion as a result.
SANTIAGO, May 31- Barrick Gold Corp has paid a discounted $11.6 million fine for serious environmental violations at its suspended Pascua-Lama gold project, a spokesperson for the company said on Friday.
LONDON, May 31- Sell in May? The Boston- based fund tracker reports redemptions of $224 million from emerging debt in the week to May 29, while equities lost $2.9 billion, their biggest outflow since end-2011.
*Marine Harvest raises Cermaq bid, gets rebuffed. OSLO, May 31- Salmon farmer Cermaq rebuffed a raised $1.7- billion bid from rival Marine Harvest on Friday in a takeover battle which pits Norway's government against Harvest's biggest shareholder, the maverick shipping tycoon John Fredriksen.
OSLO, May 31- Marine Harvest, the world's biggest fish farmer, slightly raised its bid for rival Cermaq on Friday, saying it would have offered more had it got the backing of the target company's board.
SINGAPORE, May 31- Gold climbed on Friday, hovering near a two-week high hit in the previous session, as weak U.S. economic data eased fears that the Federal Reserve could soon wind down its bullion-friendly bond buying programme. *Spot gold rose 0.14 percent to $1,415.21 an ounce by 0027 GMT, after rising to a two-week high of $1,417.81 on Thursday.
*Gold up 1.5 pct as US quarterly growth disappoints. NEW YORK, May 30- Gold rose on Thursday, hitting 2- week highs, as investors speculated that weaker-than-expected U.S. growth in the first quarter would prompt the Federal Reserve to hold on to its monetary stimulus.
*Gold miners hardest hit due to bullion's price plunge. SYDNEY, May 31- From pooling office space to paying bills with company stock, small and mid-sized Australian miners are finding new ways to stay afloat during one of the sector's worst downturns.