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  • *Southern Copper CEO, Grupo Mexico say Tia Maria going ahead. *Southern Copper shares down 5.6 pct. LIMA, March 27- Conflicting statements about whether Southern Copper Corp would cancel development of its $1.4 billion Tia Maria copper mine in Peru's Arequipa region have battered the company's share price and left investors wondering about the project's...

  • BRASILIA, March 10- A former Petrobras executive told a congressional hearing in Brazil on Tuesday that the ruling political party received up to $200 million skimmed from contracts with the state-run oil company, reiterating claims made in plea bargain testimony. Pedro Barusco, a former executive at Petrobras' services division, said he had received...

  • SYDNEY, Feb 25- Australia and the United States, two of the world's biggest wheat exporters, are racing to become mass producers of the South American "super food" quinoa and tap a gluten-free market expected to be worth more than $6 billion by 2018.. "We have been growing quinoa for about five years now, and as the market has grown, there is little shortage of other...

  • 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.

  • 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.

  • 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.

  • Keep an eye on these emerging market cities Monday, 22 Dec 2014 | 12:00 PM ET
    Vehicle light trails pass the Kingdom Tower on King Fahad Road in Riyadh, Saudi Arabia.

    The fastest growth is not in megacities like Tokyo, but second-tier ones that many Americans have never heard of.

  • 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...

  • CARHUAZ, Peru, Dec 11- High in the Peruvian Andes, the glacier-fed lake Laguna 513 brims with meltwater atop a populated valley in a region prone to earthquakes. Peru has more tropical glaciers than any other nation but rising temperatures linked to global warming have helped shrink the ice masses by up to 40 percent, filling existing lakes to the brim and spawning...