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, May 30- Barrick's suspended Pascua-Lama gold project will likely be reactivated in one to two years at the earliest, given the infrastructure that needs to be built to avoid water pollution, Chile's environmental regulator told Reuters on Thursday.
BEIJING, May 30- China will study the possibility of joining the Trans-Pacific Partnership trade talks, the Commerce Ministry said on Thursday, signaling its openness to the U.S.-led trade pact.
LONDON, May 30- Copper rose slightly on Thursday as investors bet on improved imports by the biggest consumer China and as data from top producer Chile showed April output fell from a year earlier due to strikes and production problems.
PARIS, May 30- Members of the Organisation for Economic Cooperation and Development agreed on Thursday to launch talks this year with Colombia and Latvia about joining the Paris- based club of mostly wealthy nations.
MINA ZALDIVAR, Chile, May 30- High in Chile's bone-dry Atacama desert, mining engineer Enrique Miranda surveys a metal structure filled with a pungent mix of earthworms and woodchips. "That's lunch for the worms," says Miranda, an environmental supervisor who has worked at Barrick Gold Corp's Zaldivar copper mine for 18 years.
*Industry remains mired in slump, agriculture booms. SAO PAULO, May 29- Brazil's economic growth fell short of forecasts once again in the first quarter as President Dilma Rousseff's numerous stimulus packages failed to aid manufacturers while consumers, frightened by rising inflation, grew more conservative.
SAO PAULO, May 29- Brazil's economic growth fell short of forecasts once again in the first quarter as President Dilma Rousseff's numerous stimulus packages failed to aid manufacturers while consumers, frightened by rising inflation, grew more conservative.
WASHINGTON, May 29- After flooding U.S. banks with cash to fight an economic crisis, the Federal Reserve must now find a way to slowly tighten the money spigot without dealing a painful shock to businesses and families, the OECD said in a report on Wednesday.
*Negotiations will resume June 11 in Havana. HAVANA, May 26- Colombia and the Marxist-led FARC rebels have reached agreement on the critical issue of agrarian reform, the two sides said on Sunday in what appeared to be a major step forward for the peace process aimed at ending their long war.
SANTIAGO, May 25- A slowdown in Chile's robust growth has opened up the option of an interest rate cut to jolt the economy of the world's No. 1 copper producer, Finance Minister Felipe Larrain was quoted as saying in a local newspaper on Saturday.
*Banking investments pouring into Colombia. BOGOTA, May 24- Colombia will remain a hot spot for foreign banks in the coming years as low credit penetration provides ample room for growth, the head of its second-biggest bank said on Friday, while he explores regional opportunities with special attention in Peru.
May 24- Latin America should suffer just a short, sharp shock to its financial markets when the U.S.
May 24- Chilean environmental authorities on Friday ordered Barrick Gold Corp to halt work at its massive Pascua-Lama project and fined the company $16 million, citing serious environmental violations at the site.
SANTIAGO, May 24- Chilean environmental authorities said on Friday that they will fine Barrick Gold Corp's Pascua-Lama mine around $16 million and that construction on the controversial deposit will need to remain suspended until it adheres to a water management plan in its environmental permit.
*Copper surplus forecast at 98,500 T in Reuters April poll. SINGAPORE/ LONDON, May 24- A series of copper mine shutdowns and supply logjams has prompted some analysts to scale down forecasts for a market surplus, but it would take more disruptions to swing the market into a deficit.
*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.
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.
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.
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.
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.