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Latin America

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  • PARIS— The Eiffel Tower closed to the public for most of the day Friday as workers protested a rise in aggressive pickpockets around the Paris landmark that attracts thousands of visitors daily. The walkout came a day after Paris authorities announced that crime against tourists in the French capital had dropped this year thanks to reinforced police...

  • BOGOTA, Colombia— Chinese Premier Li Keqiang vowed to deepen economic ties with Colombia during a visit to the Andean nation Thursday as part of his four-nation South American tour aimed at boosting trade and investment. Li is the highest-ranking Chinese official to visit Colombia since the two nations established diplomatic ties 35 years ago and his visit...

  • GUATEMALA CITY, May 21- Guatemala's President Otto Perez announced a major cabinet reshuffle on Thursday, firing several ministers after corruption scandals battered his government, fueling calls for him to step down. Perez told a news conference he had dismissed the interior, energy and environment ministers as well as the country's intelligence chief and...

  • GUATEMALA CITY, May 21- Guatemala's President Otto Perez announced a major cabinet reshuffle on Thursday, firing several ministers after corruption scandals battered his government, fueling calls for him to step down. The corruption scandals have buffeted Perez's conservative Patriot Party ahead of presidential elections in September.

  • MEXICO CITY, May 21- Mexico's government on Thursday slashed its economic growth forecast to between 2.2 to 3.2 percent this year after data showed the economy grew at its slowest pace in over a year undermined by flagging oil revenue and weak U.S. growth. "The U.S. economy is expected to recover its dynamism during the year, which will strengthen Mexico's non-oil...

  • NEW YORK, May 20- Fertilizer producer ICL Israel Chemicals is interested in buying phosphate assets in Brazil and also sees a good fit with Chile's SQM, as it looks to expand into Latin America, its chief executive said on Wednesday. CEO Stefan Borgas did not say how much he was prepared to spend on acquisitions, but said he favors an integrated approach to growth,...

  • May 20- Oilfield services provider Halliburton Co and contract driller Transocean Ltd said they have settled all claims with BP Plc related to the 2010 Gulf of Mexico oil spill. Halliburton, which did the cementing work for BP's well, had earlier blamed BP's decision to use only six centralizers for the blowout that spilled millions of barrels of oil for 87 days.

  • May 20- U.S. oilfield services provider Halliburton Co said it has reached an agreement with BP Plc to resolve issues related to the Gulf of Mexico oil spill in 2010.. The company said the agreement includes the dismissal of all claims against each other related to the spill. Halliburton said in September it reached a $1.1 billion settlement for a majority of...

  • GEORGETOWN, Guyana— Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a "significant" oil discovery off Guyana in waters also claimed by Venezuela as part of a long-running border dispute between the South American countries. Venezuela has long claimed about two-thirds of Guyana's territory as well as the offshore area where Exxon Mobil...

  • DETROIT, May 20- Takata Corp said on Wednesday it plans to boost production of parts needed to replace potentially deadly air bag inflators that could spray vehicle occupants with metal shards. Takata's air bag inflators have been found to explode with too much force, spraying metal fragment inside cars and have forced automakers to recall more than 53 million...

  • DETROIT, May 20- Takata Corp said on Wednesday it has boosted plans for production of replacement air bag inflators needed for recalled cars in which the potentially deadly part could spray occupants with metal shards. A spokesman for the Japanese air bag maker said the supplier will boost output to 1 million inflators a month by September, an increase of...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • Mercedes-Benz fires 500 workers at Brazil truck plant Tuesday, 19 May 2015 | 7:09 PM ET

    SAO PAULO, May 19- The Mercedes-Benz truck unit of Germany's Daimler AG said on Tuesday it had dismissed 500 workers at a Brazilian truck plant and is putting about 7,000 others on paid leave as it suspends production in the face of plunging sales. Truck sales in Brazil tumbled about 40 percent in the first four months of this year compared with the same period of...

  • SAO PAULO, May 19- Whirlpool Corp and Anheuser-Busch InBev on Tuesday started selling a countertop appliance that makes soda, juice and coffee with single-serve capsules, marking the start of a joint venture worth more than $70 million. Last year, the Coca-Cola Co invested an initial $1.25 billion in Keurig Green Mountain Inc as part of a plan to sell its soft...

  • Mexico's central bank lowers growth forecast Tuesday, 19 May 2015 | 6:07 PM ET

    MEXICO CITY— Mexico's central bank has lowered the country's economic growth forecast for the remainder of the year due to a variety of factors including falling oil production. The bank said in a report Tuesday that it expects Mexico's gross domestic product to increase between 2 percent and 3 percent, down from the previous forecast of between 2.5 percent...

  • Bread strike has soldiers turned bakers in Bolivia Tuesday, 19 May 2015 | 3:57 PM ET

    LA PAZ, Bolivia— Bolivia's government has temporarily turned some soldiers into bakers, ordering barracks to leaven loaves for the public after bakeries went on strike over the lifting of subsidies on imported flour. Soldiers donned aprons in barracks in La Paz, El Alto and other cities as Defense Minister Reymi Fereira declared an emergency.

  • BUENOS AIRES, May 19- Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta shale oil and gas field, company officials said. Trade Unions are a powerful force in Argentina, Latin America's No. 3 economy, where the frequency of industrial disputes are a...

  • On his first official trip to Latin America, Li saw a raft of agreements signed, ranging from a $1 billion purchase of passenger jets made by Brazil's Embraer to the lifting of an import ban on Brazilian beef and a long-discussed plan to build a railroad over the Andes to the Pacific. The fund was another sign of China flexing its financial might in Latin America, a...

  • BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...

  • Chinese PM starts South American investment tour Tuesday, 19 May 2015 | 12:09 AM ET

    BRASILIA, Brazil— China's Premier Li Keqiang and Brazilian President Dilma Rousseff agreed on Tuesday to embark on studies for an ambitious railway linking Brazil's Atlantic coast with a Pacific port in Peru, and announced billions in other investments and trade deals. "A new path to Asia will open for Brazil," said Rousseff. "We're moving into a different era,...