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
*Gold's safe-haven allure dimmed by Germany's bullish data. Benchmark Brent crude oil in London hovered at around $113 a barrel after Germany's business climate index, published by Munich's Ifo think-tank, showed the highest morale in over half a year in Europe's No. 1 economy.
*European Union leaders head to Chile for regional summit. EU leaders are taking their hunt for economic growth to Santiago, Chile as the bloc tries to emerge from three years of crisis, but the biggest prize of a free-trade deal with Brazil and Argentina remains distant.
SANTIAGO, Jan 25- EU and Latin American leaders at a summit this weekend will commit to avoiding protectionist policies and ensure a better environment for business, according to a draft of the summit's final statement, signalling potentially warmer trade ties.
*EU seeks to deepen trade ties with buoyant Latin America. BRUSSELS/ SANTIAGO, Jan 25 F- EU leaders take their hunt for economic growth to Latin America this weekend as the bloc tries to emerge from three years of crisis, but a long-stalled free-trade deal with Brazil and Argentina remains distant.
WASHINGTON, Jan 24- A leading U.S. business group urged President Barack Obama on Thursday to build on trade successes of the past two years by seeking legislation that would allow him to submit trade deals to Congress for straight up-or-down votes without amendments.
LIMA, Jan 24- Workers at the main units of Southern Copper Corp in Peru will try to negotiate a new wage plan with the miner for another 15 days and refrain from going on strike for now, union leader Ricardo Juarez said on Thursday. A Southern Copper official declined immediate comment.
BRASILIA, Jan 24- Brazil's central bank signaled on Thursday that further interest rate cuts are unlikely because they won't solve the causes of the country's economic slump, sending a strong message to investors that inflation remains its top priority.
SINGAPORE, Jan 24- London copper drifted Thursday, supported by expansion in China's factories that fuelled confidence in the country's recovery although patchy reports from the U.S. corporate earnings season kept a lid on prices.
SINGAPORE, Jan 24- London copper was steady on Thursday, supported by expansion in China's factories that fuelled confidence the country's recovery was gaining speed, although patchy reports over the U.S. corporate earnings season kept a lid on prices.
BRASILIA, Jan 23- Brazilian President Dilma Rousseff on Wednesday announced a deeper-than-expected cut in electricity costs, hoping to contain a recent spurt in inflation, give manufacturers a leg up and boost the sputtering economy.
WASHINGTON, Jan 23- The International Monetary Fund's chief economist played down concerns on Wednesday that easy monetary policies in advanced economies risk sparking a "currency war", saying there had not been a major surge of capital into emerging nations.
*Brazil to announce deeper cuts in electricity prices. BRASILIA, Jan 23- Faced with an ever-bleaker economic outlook, Brazilian President Dilma Rousseff will announce on Wednesday a deeper-than-expected cut in electricity costs to help subdue a recent spurt in inflation and give a leg up to manufacturers, a government source told Reuters.
*Praxair expects FY13 revenue to rise 7 pct. Jan 23- Industrial gas suppliers Praxair Inc and Air Products and Chemicals Inc expect their order backlog to prop up results this year despite weak economic growth in most of their markets.
*No change in fundamentals, China market quiet- trader. SINGAPORE, Jan 23- Copper edged down on Wednesday, but stayed near its highest in more than a week hit the previous day after the Bank of Japan announced aggressive monetary stimulus, while physical buying in China was quiet ahead of holidays next month.
SYDNEY, Jan 23- BHP Billiton, the world's biggest mining company, reported its quarterly iron ore output rose 3 percent, slightly under analysts' estimates, as it races to keep pace with demand from Chinese steelmakers.
LONDON, Jan 21- Commodity fund managers who performed well over the testing final quarter of 2012 believe metals commodities prices could do better than expected in early 2013 due to a combination of Chinese restocking and continued supply disruption.
Jan 17- Europe, Japan and India on Thursday joined the United States in grounding Boeing Co's 787, a day after a second incident involving battery failure caused one of the Dreamliner passenger jets to make an emergency landing.
SANTIAGO, Jan 16- Chile- based LAN said it will temporarily ground its three Boeing 787 Dreamliners following a safety warning issued on Wednesday by the U.S. Federal Aviation Administration. The airline uses its Boeing 787 s on routes to Los Angeles, Lima and Buenos Aires.
BUENOS AIRES, Jan 16- Chile- based LAN said it will temporarily ground its three Boeing 787 Dreamliners following a safety warning issued on Wednesday by the U.S. Federal Aviation Administration.
WASHINGTON, Jan 15- The United States said on Tuesday it plans to negotiate an agreement with the European Union, Japan and 18 other economies to remove trade and investment barriers in services ranging from finance to express delivery. Big emerging countries like China, India, Brazil and Russia have shunned the talks.