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.» Read More
*Sees synergies of at least $2 billion in 2014, and growing. LONDON, Sept 10- Glencore will cut costs, shelve projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to at least $2 billion in 2014..
*Glencore to hold investor day on Sept. 10. LONDON, Sept 6- Almost a year after winning the battle for Xstrata, Glencore is set to show investors evidence of early successes, with costs to come down more than targetted, asset sales in hand and key staff retained.
LONDON, Sept 3- State Chilean copper producer Codelco's first-half results were a reminder of the market's historic supply challenges. Headline production from the company's own mines, excluding its holdings in the El Abra and Los Bronces operations, fell 1 percent relative to the first half of 2012.. Three of Codelco's six mines reported lower output.
Still grieving, Alarconciles now questions her decision to leave her native Bolivia for Brazil, where salaries can be many times higher but poor immigrants often must settle for work in sweatshops. As the economy boomed, the "Brazilian dream" became a magnet for workers from poorer Latin American countries such as Bolivia, Peru and even faraway Haiti.
MELBOURNE, Aug 29- Chinese miner MMG Ltd is willing to work with partners as it seeks to grow, its chief said on Thursday, while declining to comment on whether it is eyeing a stake in Glencore Xstrata's $5 billion Las Bambas copper project in Peru.
LIMA, Aug 28- Peru will likely post a $720 million trade deficit this year- the first gap in more than a decade- instead of the $644 million surplus the government had forecast in May, the finance ministry said on Wednesday.
PLAYA DEL CARMEN, Mexico, Aug 26- Mexico, Colombia, Peru and Chile said on Monday they had wrapped up negotiations to remove all trade tariffs between them, cementing a bloc that the four hope will encourage free trade between Latin America and the rest of the world.
PLAYA DEL CARMEN, Mexico, Aug 26- Asia could become twice as important to Mexico as an export market over the next five years as the country strengthens trade ties with the fast-growing economies of the region, Mexican Economy Minister Ildefonso Guajardo said on Monday.
PLAYA DEL CARMEN, Mexico, Aug 25- A Latin American bloc comprising Mexico, Colombia, Peru and Chile has almost concluded negotiations to remove tariffs on all trade between them, Mexican Economy Minister Ildefonso Guajardo said on Sunday.
HONG KONG, Aug 26- Hong Kong shares could start the week higher on Monday on the back of gains in regional markets, but the upside is likely to be contained as investors await cues from a batch of earnings reports from heavyweight Chinese financial firms later this week.
SANTIAGO, Aug 24- Mexico's economy, the second largest in Latin America, is set to rebound next year, boosted by a recovery in its main trade partner, the United States, Finance Minister Luis Videgaray said on Saturday.
WASHINGTON, Aug 23- The United States and 11 other countries in the Asia-Pacific have begun a final push to reach a landmark trade deal this year and hope for significant progress by an October meeting of leaders in Bali, the top U.S. trade official said on Friday.
*Rio cuts $483 million of exploration costs. LONDON, Aug 23- Big miners such as Rio Tinto can slash exploration spending and still make valuable finds but they must resist the temptation to stop searching entirely or they will pay later, the company's head of exploration said.
*Glencore keen to close the deal before year end. HONG KONG, Aug 23- Jiangxi Copper Co Ltd has joined a list of potential Chinese suitors interested in buying Glencore Xstrata Plc's $5 billion- plus Las Bambas copper mine in Peru, underscoring the Chinese government's desire to plug a shortage in supply.
HONG KONG, Aug 23- China's top copper producer Jiangxi Copper Co Ltd is interested in buying Glencore Xstrata Plc's $5 billion- plus Las Bambas copper mine in Peru, people familiar with the discussions told Reuters. Glencore agreed to sell the mine in return for Beijing's blessing for Glencore's $35 billion purchase of Xstrata.
The American Cancer Society and allied organizations said the plan would give tobacco companies a new tool to challenge government anti-smoking measures, while business groups such as the U.S. Chamber of Commerce and the American Farm Bureau Federation said it would weaken a tenet of international trade law that many U.S. exporters rely on to sell goods abroad.
TOKYO, Aug 19- The United States urged Japan on Monday to open its auto and insurance markets more to foreign companies as the two countries pursue bilateral talks linked to a broader free-trade agreement that covers two-fifths of the globe. The United States hopes to make a proposal to Japan on its trade barriers in September, U.S.
WASHINGTON, Aug 16- A senior New Zealand official on Friday said he was optimistic the United States would agree to phase out tariffs in politically sensitive sectors like sugar and dairy as part of a regional free trade deal with Asia-Pacific countries.
LIMA, Aug 15- Iron ore workers at Shougang Hierro Peru, an affiliate of China's Shougang Group, started an indefinite strike on Thursday to press for better wages and work conditions, a union leader said. The union received permission to hold the strike from the labor ministry, leader Julio Ortiz told Reuters on Thursday.
LIMA, Aug 15- Workers at Shougang Hierro Peru, an affiliate of China's Shougang Group, started an indefinite strike on Thursday to press for better wages and work conditions, a union leader said. The union received permission to hold the strike from the labor ministry, union leader Julio Ortiz told Reuters on Thursday.