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Peru

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  • 2 police killed in Peru mining clash Saturday, 24 Jan 2015 | 10:57 AM ET

    LIMA, Peru— Peruvian authorities say two police officers have been killed in the southern Andean highlands while trying to dislodge protesters blocking a mine entrance. District Mayor Cosme Cari tells RPP radio that the two were killed as local farmers hurling rocks with slingshots fought tear-gas-firing police Friday at the entrance to the Aguilas mine...

  • Currency war: Who will be the casualties? Friday, 23 Jan 2015 | 9:45 AM ET
    An employee counts fifty euro banknotes at his desk inside a Travelex store, operated by Travelex Holdings in London.

    Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • DAVOS, Switzerland— Pharrell Williams says he'll have all of humanity singing together at a worldwide concert June 18 to fight global warming. The pop star is teaming up with Nobel Peace Prize-winner Al Gore and producer Kevin Wall to pull off a "Live Earth" concert on seven continents to build support for a U.N. climate pact in Paris among more than 190 nations in...

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.

  • NEW YORK— Conservative distrust of Pope Francis, which has been building in the U.S. throughout his pontificate, is reaching a boiling point over his plan to urge action on climate change— and to do so through a document traditionally used for the most important papal teachings. And he said he wanted his encyclical out in plenty of time to be absorbed before the next...

  • Why commodity exporters may get a tailwind Sunday, 18 Jan 2015 | 5:54 PM ET
    A worker walks among coils of galvanized steel at the ArcelorMittal Eko Stahl steelworks in Germany

    Conventional wisdom suggests commodity exporters will take price declines on the chin, but Morgan Stanley expects they'll benefit most.

  • Target workers, shoppers, dismayed at Canada pullout Thursday, 15 Jan 2015 | 1:57 PM ET

    TORONTO, Jan 15- Employees at Target Corp stores in Canada said they were stunned by the U.S. retailer's decision on Thursday to pull out of Canada, believing business had improved after an admittedly disastrous launch less than two years ago. I thought it was getting better, "said one Toronto Target employee who would only give her first name, Lima, for fear of...

  • NEW YORK, Jan 13- Citigroup Inc has been quietly scaling back its consumer banking presence in some of the world's major cities, pulling out from markets where it does not have enough branches to be competitive. In 2014 Citi retail executives went from targeting 120 of "the world's top 150 cities" to homing in on 100 cities where the company has the greatest scale and...

  • RIO DE JANEIRO/ BRASILIA, Jan 2- When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide. "Petrobras has one of the most accurate accounting standards in the world," said Rousseff, who was then chairwoman of its board and is now Brazil's president.

  • BRASILIA, Dec 18- A congressional committee investigating a mushrooming corruption scandal at Brazil's state-run oil company Petroleo Brasileiro SA recommended on Thursday that prosecutors bring charges against 52 people for alleged money laundering and racketeering. It now goes before the two houses of Congress for debate and a final vote.

  • WASHINGTON, Dec 16- The Obama administration as soon as Wednesday will announce its plans for curbing methane emissions from the oil and gas sector, which the United States must do to meet its 2020 target for cutting greenhouse gas emissions, people familiar with the issue said Tuesday. The government reaffirmed that goal last week at U.N. climate talks in Lima.

  • Dec 16- California pension plans would divest all assets related to the coal industry under a measure the leader of the state senate said he will propose to reduce support for an industry that critics blame for contributing to climate change. He had just returned from United Nations talks in Lima, Peru on international efforts to fight climate change.

  • LIMA, Dec 15- U.N. climate negotiations wrapped up in Lima on Sunday with a modest agreement about the building blocks of a deal due to be agreed on in Paris in a year's time. All nations will be asked to submit plans for curbing greenhouse gas emissions, known as "Intended Nationally Determined Contributions," or INDCs, to the United Nations by an informal deadline of...

  • Under the Lima deal, governments will submit national plans for reining in greenhouse gas emissions by an informal deadline of March 31, 2015 to form the basis of a global agreement due at a summit in Paris in a year's time. The texts, breaking deadlock among weary delegates almost two days into overtime after two weeks of talks, appeased developing countries led...

  • The Lima deal lays out a wide range of options for a global deal to be reached in Paris, due in December 2015, and also lays out how each nation will submit its own plans for curbing warming in the first half of 2015..

  • *Lima deal could point to aspirations for Paris summit in 2015. LIMA, Dec 12- About 190 nations faced a crossroads Friday on how boldly to fight global warming as United Nations talks in Lima went into overtime amid concerns that watered-down goals could undermine a U.N. climate summit in Paris next year. Emerging nations such as China and India want the Lima...

  • LIMA, Dec 12- Latin American countries, participating in crucial global climate talks being hosted in the region this week, came under criticism for their plans to drastically increase oil production. Ecuador, Colombia and Peru all have similar plans in place. At the same time that they approved an ambitious climate change law, they reformed the energy...

  • Secretary of State John Kerry on Thursday urged countries at U.N. climate talks in Lima to move away from using fossil fuels while demonstrators gathered outside the meeting urged him to reject the Keystone oil pipeline. As Kerry delivered a 30- minute speech trying to inject momentum into difficult UN climate negotiations, environmentalists stood outside...