The large number of Miami home buyers are from overseas, and a huge portion of them pay in cash, one realtor says.» Read More
A “consumer revolution” will take place as close to 3 billion people join the global middle class in the next four decades, with the balance of power shifting inexorably to countries now classed as emerging markets, according to HSBC economists Karen Ward and Frederic Neumann. They predict that the emerging world will account for close to two-thirds of total global consumption by 2050 – up from less than a third in 2012.
*Telefonica to provide 110 mln euros in vendor financing. *Telefonica shares flat vs lower Spanish index. MADRID, Oct 12- Spain's Telefonica is selling its Atento call centre business to U.S. private equity firm Bain Capital for about 1 billion euro, including debt, as it battles to reduce its borrowings.
SAO PAULO-- Brazil is using an indigenous language for the first in a campaign aimed at curbing violence against women and the spread of HIV. The campaign is a joint effort between Brazil and three United Nations agencies including the Joint United Nations Program on HIV and AIDS. Adele Benzaken of the UNAIDS office in Brazil.
Argentina's government said the ruling violates international norms as well as rulings by judges in the U.S., Germany and France that found Argentine military vessels immune from the seizures.
Oct 11- CJL Capital Inc:. project in Peru to CJL Capital. *Says CJL will invest a minimum of $400,000 over three years and make payments.
The clash came to light on Thursday when British fishermen urged the British Navy to protect them following the incident near the French port of Le Havre. "Something's got to be done about this," said John Hermse, chief executive of Britain's Scallop Association.
MILAN, Oct 11- Insurer Unipol has lodged an appeal against conditions laid down by Italy's competition watchdog to clear its planned takeover of peer Fondiaria-SAI to create Italy's No. 2 player, two sources familiar with the matter said on Thursday.
MILAN, Oct 11- Italian insurer Unipol has lodged an appeal against conditions laid down by the country's competition watchdog to clear its planned takeover of peer Fondiaria-SAI to create Italy's No.2 player. Shares in Unipol ended down 1.25 percent at 1.73 euros, underperforming a 1.2 percent gain on the Milan blue chip index.
*Petronet may join GAIL if it gets Repsol's LNG assets. NEW DELHI, Oct 8- India's Petronet LNG has allowed gas firm GAIL to use annually 2.5 million tonnes capacity at Petronet's liquefied natural gas plant at Dahej in western India for importing the fuel, its chief executive A. K. Balyan said on Monday.
Oct 08- In its published report titled "Banking Industry Country Risk Assessment: Czech Republic," Standard& Poor's Ratings Services said that the Czech banking sector's main strengths are its solid core customer deposit base, industry stability and strong risk-adjusted profitability, and the country's prudent macroeconomic policies and sound government finances.
DUBAI, United Arab Emirates-- Just as Iran's currency was rattling near bottom after a stunning free fall, officials in Tehran opened a trade exhibition that included advanced engineering tools, heavy machinery and robotics.
By Andrew Torchia and Yeganeh Torbati. DUBAI, Oct 6- Tehran's Grand Bazaar reopened under close police supervision on Saturday, traders said, days after it was shut by clashes between riot police and protesters blaming the government for the collapse of the Iranian currency.
*XL Foods, the Alberta beef packer at the center of a massive recall, is taking full responsibility for the tainted product as questions mount over why Canadian officials let the company's plant operate for two weeks after the U.S. deemed the meat unfit to cross the border.
Oct 03- Fitch Ratings says that Switzerland- based Iberian Minerals Corp's' B' Long-term Issuer Default Rating with a Stable Outlook is unaffected by the issuer not proceeding with the planned USD200m bond issuance, as such, the expected rating assigned to the planned USD200m bond has been withdrawn.
Oct 1- Candente Copper Corp:. *Provides comment on recent community activities in Peru. *Says according to media reports in Peru, the community voted against mining.
Red Lobster is launching its biggest menu revamp in a decade on Oct. 15. We Specialize in Fresh Florida Seafood, but some of our Seafoods come from distant points of the compass, such as Maine, Maryland, Alaska, Peru, Chile and even South Africa to name but a few.
China warns on growth and the British are going shopping — it's time for your FX Fix.
The pre-requisites for Peru to establish a $10 billion sovereign wealth fund are in place but the mineral rich country wants to see stabilization in global commodity markets before it can finalize its plans, Luis Miguel Castilla, Peru's Finance Minister told CNBC on Friday.
Luis Miguel Castilla, Finance Minister of Peru says that investors in Asia are still interested in the country despite the uncertain global environment.