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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.
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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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BOGOTA, May 21- Colombian pension funds bought about $700 million dollars on the spot market in April, immediately after the government asked them to diversify their portfolios and invest more overseas, a sign the funds would easily meet a $5 billion target over the next 12 months and help weaken the national currency.
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SANTIAGO, Chile-- Antonio Banderas will star in a movie as one of the 33 Chilean miners trapped deep underground for more than two months in 2010, and the charismatic survivor he's playing couldn't be happier.
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OSLO, May 21- Norwegian fish farmer Cermaq has failed to win enough shareholder support to buy Peruvian fish feed maker Copeinca, opening the door to a $1.7 billion takeover of Cermaq by bigger rival Marine Harvest. That result sent Cermaq shares sharply higher as investors bet Marine Harvest would now come back with a sweetened offer to secure a deal.
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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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LONDON, May 16- Chilean copper miner Antofagasta posted a 29 percent drop in first-quarter core profit on Thursday, as lower prices for its red metal and slightly higher operating costs offset increased production.
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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.
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Tom Corbett on Tuesday welcomed a group of officials from Chile to the Port of Philadelphia. Measured in U.S dollars, Philadelphia ranked fifth among the nation's ports receiving goods from Chile in 2012 and Pennsylvania imported $577 million worth of Chilean products, the governor's office said.
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SANTIAGO, May 14- LATAM Airlines Group SA's first-quarter net profit skidded to $42.7 million, or nearly half of a year earlier, on foreign exchange fluctuations, a drop in cargo revenue and the grounding of its three Dreamliners, the company said on Tuesday.
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PARIS, May 15- A growing divide between rich and poor risks will yawn still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations' think-tank warned on Wednesday.
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*Brazil, Chile, Colombia top 2012 Latam FDI recipients. SANTIAGO, May 14- Foreign direct investment in Latin America and the Caribbean this year could fall as much as 3 percent or jump by up to 7 percent after leaping to a record in 2012, the United Nations' body for the region said on Tuesday.
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BRASILIA, May 10- Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO's main mission- pushing forward in global trade talks- looks for the moment like a lost cause.
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SINGAPORE, May 10- London copper futures fell for a second straight session on Friday as a firmer U.S. dollar hurt commodities, taking the metal further away from near one-month highs touched earlier in the week.
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COEUR D'ALENE, Idaho-- Coeur d'Alene Mines Corp. said Thursday that its first-quarter net income tripled, helped by an accounting adjustment and increased gold production. The silver and gold producer earned $12.3 million, or 14 cents per share, for the three months ended March 31. That's up sharply from $4 million, or 4 cents per share, a year earlier.
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LONDON, May 9- U.S. solar module maker and project developer First Solar illustrates wider industry efforts to secure new markets in a shift away from the United States and Europe.
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SINGAPORE, May 9- London copper edged lower on Thursday, giving up gains from the previous session when it climbed to a more than three-week high on a string of promising data that revived hopes for global economic growth. Shanghai copper futures jumped 1 percent, tracking Wednesday's gains in the London market.
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*China's April trade data beats expectations. *India's Sterlite smelter stays shut until at least May 14. LONDON, May 8- Copper prices rose on Wednesday towards three-week highs hit in the previous session, as strong trade data from top consumer China fuelled hopes of demand revival, although uncertainty about the pace of economic growth kept gains in check.