Although the White House won a minor victory on Wednesday, Obama's push for trade fast-track is just the beginning of the battle.» Read More
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...
The fastest growth is not in megacities like Tokyo, but second-tier ones that many Americans have never heard of.
Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.
The large number of Miami home buyers are from overseas, and a huge portion of them pay in cash, one realtor says.
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.
Julio Velarde, governor of the Central Bank of Peru, discusses how Fed tapering fears have impacted Peru by putting pressure on the currency and why he has downgraded his GDP forecast.
Will Landers, BlackRock, explains why he believes investment prospects remain positive south of the border.
Being socially and environmentally responsible does not have to be achieved at the expense of profits. In Mayorga Coffee's case, focusing on sustainability has been a competitive advantage.
Brazil's economy promises to expand and infrastructure stocks should see more interest as the country gets ready for 2014 World Cup.
James Lockhart Smith, head of Latin America at Maplecroft, tells CNBC that Brazil has some real problems with its growth story, including a high cost of doing business.
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.
*Argentina will appeal, case could reach U.S. Supreme Court. BUENOS AIRES, Nov 5- Argentina could face a credit crisis a decade after its $100 billion default due to a U.S. court ruling that says the country must pay creditors, who still hold defaulted bonds, every time it services its restructured debt.
WASHINGTON- U.S. employers stepped up hiring in October and a small increase in the jobless rate was due to more workers restarting their job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election bid ( USA- ECONOMY/JOBS, moved, 900 words).
LIMA, Nov 2- Peru's constitutional court plans to require the government to finally honor land reform bonds it issued 40 years ago but in most cases never paid, a ruling that could be worth billions of dollars to bondholders in Peru and abroad.
WASHINGTON, Nov 2- The contentious U.S.- China trade relationship has been a major issue in the U.S. race for the White House, with President Barack Obama defending his record and Republican challenger Mitt Romney promising tougher tactics if elected.
Newmont Mining Corp.' s shares fell in trading Friday after the largest gold producer in the U.S. reported disappointing third-quarter results. THE SPARK: Newmont said Tuesday that its net income dropped 26 percent to $367 million, or 74 cents per share.
*3rd quarter EPS 86 cents vs 97 cents expected by Wall Street. Sees 2013 EPS $3.85 to $4.35, short of estimates. The breakdown of the two projects was about two-thirds Peru and a third Australia, Fluor said, and their removal knocked the overall backlog down to $40.8 billion at the end of the third quarter from $43 billion three months before.
LIMA, Nov 1- Peru, South America's fastest-growing economy, might prepay billions of dollars in expensive foreign debt to stem the appreciation of the local currency caused by capital inflows, the country's finance minister said on Thursday.
WASHINGTON, Oct 31- A U.S. free trade agreement with Panama went into force on Wednesday, five years after it was originally negotiated, opening the way for increased U.S. exports as the Central American country continues its canal expansion project.