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Peru

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  • LIMA, Nov 25- A crackdown on illegal gold mining in Peru has spawned new smuggling routes through its porous border with Bolivia with some gangs using human mules, armored cars and light aircraft to evade capture. The gold is ghosted across jungles, rainforest and Lake Titicaca on the mountainous border, and is then sold to dealers who process the precious metal...

  • Influx of cheap Peruvian quinoa riles Bolivia Saturday, 22 Nov 2014 | 12:01 AM ET

    LA PAZ, Bolivia— International demand for quinoa continues to boom, and that's fueling an increasingly bitter commercial feud between Bolivia and Peru, the two main producers of the Andean "superfood." Peru is about to overtake Bolivia as the top exporter, worrying Bolivians about their ability to compete. As Peru boosts production of cheaper factory-farmed...

  • Not feeling sexy? Try frogs in a blender! Tuesday, 18 Nov 2014 | 12:09 AM ET

    And the frogs that Peruvians use are from the Telmatobius culeus species, a water frog from remote Lake Titicaca that is listed as critically endangered by the International Union for Conservation of Nature. Entire frogs are the main ingredient in a juice blend some people in Peru and Bolivia believe can cure asthma, bronchitis, sluggishness and a low sex drive.

  • DIARY - Emerging Markets Economic Events to Dec 1 Monday, 17 Nov 2014 | 7:02 PM ET

    Nov 18- For other related diaries, please. MAKATI CITY- Asian Development Bank to launch the latest Asian Economic Integration Monitor- 0130 GMT. BRASILIA- Brazil Central Bank President Alexandre Tombini may speak at congressional commission about deterioration of the country's fiscal results.

  • WASHINGTON/ NEW DELHI, Nov 13- After this week's carbon deal between the United States and China, No. 3 emitter India faces growing pressure to devise a clear strategy and step out of China's shadow during pivotal global climate talks. The U.S.- China deal "frees up India to say what it believes is an equitable stance... now that China is saying what it plans to do," said...

  • WASHINGTON, Nov 7- Four Senate leaders on Friday urged President Barack Obama not to retreat from promises of strong domestic carbon cutting goals and significant aid to developing countries to combat climate change given new Republican leadership in Congress, which is expected to be hostile to such policies. With climate change skeptic James Inhofe set to...

  • DIARY - Top economic Events to Nov 18 Tuesday, 4 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks at the "Committing to Financial Stability" before the "Financial Stability after Dodd Frank: Have We Ended Too Big to Fail?" VIRGINIA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on "Clarifying the Objectives of Monetary Policy" before...

  • DIARY - Top economic Events to Nov 17 Monday, 3 Nov 2014 | 7:01 PM ET

    SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0330 GMT. LONDON- Developing Markets Association hosts UK-Albania Trade& Investment Forum. LIMA- Sveriges Riksbank Governor Stefan Ingves will participate in a meeting on "Global Banking Standards and Regulatory and Supervisory Priorities in the Americas."

  • DIARY- Top Economic Events to Nov 14 Friday, 31 Oct 2014 | 8:01 PM ET

    NEW YORK- Dallas Federal Reserve Bank President Richard Fisher speaks on "Preparing to Normalize Monetary Policy" before a Shadow Open Market Committee meeting sponsored by the Manhattan Institute for Public Policy Research- 1740 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives welcome and opening remarks before the "...

  • DIARY - Top Economic Events to Nov 12 Wednesday, 29 Oct 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen gives welcome remarks before the "National Summit on Diversity in the Economics Profession" conference hosted by the Federal Reserve- 1300 GMT. WASHINGTON- Exploring New Approaches to Trade, Investment and Jobs Conference. Commerce Secretary Penny Pritzker, Canadian Trade Minister Ed Fast and Mexico Economy...

  • LIMA, Oct 27- Maple Energy Plc said on Monday that it expected to seal the sale of a controlling stake in its Peruvian units to Grana y Montero and Alcogroup soon, rebutting media reports the agreement had collapsed. Maple Energy's shares fell 9 percent on the Lima bourse and 8 percent in London earlier on Monday following local media reports it had rejected Grana y...

  • Secretary of State John Kerry told him on Oct. 8 that the world's second biggest greenhouse gas emitter behind China may announce a major injection of money into the Green Climate Fund created by the United Nations. "He says that the U.S. is considering seriously to make a significant announcement even before the Lima conference, probably next month," Gutierrez...

  • WASHINGTON, Oct 10- The United States may make a major contribution to a fund in November that would help poor countries prepare for and combat climate change, said the foreign minister of Peru, the country hosting a crucial round of climate negotiations in December. Secretary of State John Kerry told him on Oct. 8 that the world's second biggest greenhouse gas...

  • WASHINGTON, Oct 9- A fall in mineral prices will prevent Peru's economy from growing much more than 3 percent this year, Peruvian Finance Minister Alonso Segura said on Thursday. A slowdown in China's economy is weighing on demand for Peru's exports of copper and other metals. "I think it might be closer to 3 at this point," he said in an interview with Reuters on the...

  • LIMA, Sept 30- Maple Energy Plc dropped 30.53 percent on Tuesday in Lima following its announcement that talks about possibly selling the company ended without a deal.

  • CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.

  • LIMA, June 25- A federal judge in Lima has ordered a regional president detained for 14 months while prosecutors prepare corruption charges against the official, who is the main opponent of Newmont Mining's $5 billion stalled Conga gold project.

  • BONN, Germany, June 15- The use of carbon markets to curb rising greenhouse gas emissions was dealt a blow on Sunday after two weeks of United Nations talks on designing and reforming the mechanisms ended in deadlock. "It is disappointing we didn't move forward," said Elina Bardram, an official at the European Commission representing the 28 EU nations at the talks.

  • LATAM Airlines threatened by strike on eve of World Cup Wednesday, 4 Jun 2014 | 12:49 PM ET

    SANTIAGO/ LIMA, June 4- Maintenance workers for LATAM Airlines have threatened to delay or cancel flights throughout South America in support of a strike by Peruvian colleagues in the days ahead of the World Cup.

  • Mark Mobius, Templeton Emerging Markets Group, discusses why he thinks there are investment opportunities in Brazil, and why he expects to hear a lot of "bad news" about China but still sees profit opportunities in private companies there.