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
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.
VIENNA, Aug 8- Coca cultivation in Colombia, the world's biggest cocaine producer, fell by a quarter in 2012 as the state cracked down on the crop and farmers diversified away from it, data showed on Thursday.
LONDON, Aug 5- If the Reserve Bank of India wants some pointers on how to lift the rupee decisively off record lows, it could try asking Turkish central bank governor Erdem Basci. "We are down to central bank credibility and I think Turkey has been more credible," said Murat Toprak, emerging markets strategist at HSBC in London.
BUENOS AIRES, Aug 2- Argentina is on track to post strong enough economic growth in 2013 to trigger billions of dollars in bond warrant payments, but the uptick will likely prove short-lived, leaving warrant holders empty handed in 2014..
TORONTO, Aug 1- Barrick Gold Corp reported stronger-than-expected quarterly results on Thursday, sending its shares up as much as 5.6 percent even as it recorded a massive $8.7 billion impairment charge and cut its dividend by 75 percent.
Aug 1- Fluor Corp, the largest publicly traded U.S. engineering company, posted a higher-than-expected adjusted profit on growth in oil and gas work, for which prospects were strong, yet it trimmed its 2013 outlook partly due to mining sector weakness.
Mexico and the Philippines are among those trying to ensure growth can be maintained long-term by encouraging domestic saving that can be used to fund infrastructure projects.
MELBOURNE, July 29- Rio Tinto has agreed to sell its majority stake in the Northparkes copper mine in Australia for $820 million to China Molybdenum Co Ltd, a Chinese firm making its first foray offshore and into copper.
MELBOURNE, July 29- Rio Tinto has agreed to sell its majority stake in the Northparkes copper mine in Australia to China Molybdenum Co Ltd for $820 million, as the global miner looks to slash costs and cut debt.
LIMA, July 28- Peru's economy has the tools to continue growing even as an era of high metals prices ends, President Ollanta Humala said on Sunday, a day after the largest protest of his two-year term.
PALERMO, Sicily, July 25- More than 20 years after anti-mafia hero Paolo Borsellino was killed by a huge bomb, his missing diary is still at the heart of one of Italy's murkiest and most enduring mysteries. The two men are Italy's biggest modern heroes, a picture of them together often seen on posters on city streets.
SANTIAGO, July 24- The economies of Latin America and the Caribbean are seen expanding 3 percent in 2013, more slowly than initially forecast as a gloomier global economy restrains exports and domestic demand, a United Nations body said on Wednesday.
KUALA LUMPUR, July 23- Japan joined U.S.-led trade talks on Tuesday, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can prise open sensitive sectors such as farm goods and state-linked firms.
*Shares up more than 7 pct, top gainer on FTSE 100. LONDON, July 18- The London Stock Exchange comfortably beat expectations for its first quarter revenues on Thursday, following the acquisition of a clearing house and a stock market listings revival, sending its shares up more than 7 percent.
*SABMiller eyes export potential in Mexico. Seen from the mature U.S. market, where SABMiller's joint venture with MolsonCoors is strong, Mexico offers much promise- it ranks fourth in the world for profit generated and is growing at a respectable 2 percent plus per year.
LIMA, July 16- Peru's top court on Tuesday ordered the government to pay 40- year-old land reform bonds at their current value and with interest, terms that will likely lead to a payment worth several billions of dollars.
LIMA, July 16- Peru's top court on Tuesday ordered the government to pay 40- year-old land reform bonds worth billions within six months, a member of the court, Fernando Calle, said on RPP television.
*Buys all of Equatorial Guinea's LNG. NEW YORK/ LONDON, July 12- In signing up to buy all of Equatorial Guinea's liquefied natural gas for 17 years, Britain's BG Group unknowingly sealed one of the most lucrative LNG deals ever.
Mexico's Federal Competition Commission said on Thursday that Modelo, a unit of Anheuser-Busch InBev SA, and Cuauhtemoc, which belongs to Heineken NV, would have to reduce exclusivity deals they have with clients in Mexico over the next five years or face heavy fines.
MEXICO CITY, July 11- Mexico's biggest brewers, Grupo Modelo and Cuauhtemoc Moctezuma, have agreed to open up the local beer market to end a dispute over the domination the two have long enjoyed in Latin America's second-biggest economy.