Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.» Read More
Jan 25- European Union leaders are meeting their Latin American counterparts this weekend in Santiago to win investments and speed up trade flows to lift Europe's stalled economy. *Bilateral trade has more than doubled over the last decade to reach some 200 billion euros last year, and Europe is the top foreign investor in Latin America and the Caribbean.
ZURICH, Jan 25- Activists protesting against the World Economic Forum in Davos have claimed responsibility for explosions that broke a window at a Zurich branch of Credit Suisse and blew up the postbox of the boss of commodity trader Glencore.
*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.
*Antwerp building 340 mln euro lock, ready for 2016. ANTWERP, Belgium, Jan 24- Belgium is building the world's largest lock- as wide as a 19- lane highway- ready to welcome the latest generation of giant ships after Europe's brace of new trade deals.
*Top candidate Froman could stay in White House job.
MEXICO CITY, Jan 22- Veteran emerging markets investor Mark Mobius sees a bumper year ahead for riskier, high-yielding assets as hundreds of billions of dollars flows off bank balance sheets and back into markets.
The former Dallas mayor and early Obama supporter oversaw congressional approval of free-trade agreements with South Korea, Panama and Colombia in which talks had begun with the previous administration.
Trade Representative Ron Kirk on Tuesday said he was stepping down as the top U.S. trade official, effective in late February. "It has been no less than my greatest professional privilege to serve President Barack Obama alongside the dedicated professionals of USTR," Kirk said in a statement that gave no details of his future plans or replacement.
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.
Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.
"In 2007, Spain was our primary market, but that froze in 2009," he said. " Realsec points to a glimmer of hope for the euro zone's fourth largest economy, even though the International Monetary Fund expects Spain to remain in recession through much of 2013. As domestic demand has slumped, some companies have converted themselves into exporters.
Trade Representative's office is expected to notify Congress soon of its plan to enter into talks with the European Union and more than a dozen other countries on a pact to tear down barriers to trade in finance and other service industry sectors, industry officials said on Monday.
Venezuelan President Hugo Chavez stayed on his sickbed in Cuba on Thursday while supporters rallied on the day he should have been sworn in for a new six-year term.
ZURICH, Jan 9- Nestle has hired Rothschild to help sell Latin American assets valued at over $1 billion, as part of a drive to win regulatory approval for its purchase of Pfizer's nutrition unit, Bloomberg said, citing three people with knowledge of the matter.
LONDON, Jan 8- Turkey is turning to its own coal, worried about dependence on pricier gas from Iran and Russia, after a deal with a UAE company which will boost its coal-fired power capacity by two thirds.
BOGOTA, Jan 4- Colombian rebels blew up a section of the Cano Limon-Covenas pipeline owned by state oil company Ecopetrol, a military source said on Friday, in the first attack on oil infrastructure this year.
NEW YORK, Jan 3- With its low cost of living, balmy climate and cheap property prices, Ecuador has been ranked the top foreign retirement destination for North Americans for the fifth consecutive year.
*Major funds were underweight Mexico, had favored Brazil. BOSTON, Jan 2- The two biggest financial markets in Latin America swapped their long-held roles in 2012, with Mexico surging ahead and Brazil lagging, catching many U.S. fund investors in the region off guard.
SINGAPORE, Jan 2- U.S. crude futures edged down toward $91 on Wednesday as investors nervously await a last-minute deal from the United States to stave off rising taxes and spending cuts that could trigger a recession and erode its fuel demand.