World Markets Latin America

  • GUADALAJARA, Mexico, Sept 27- SpaceX is developing a massive rocket and capsule to transport large numbers of people and cargo to Mars with the ultimate goal of colonizing the planet, company chief and tech billionaire Elon Musk said on Tuesday. Musk outlined his plans for the Mars rocket, capable of carrying 100 passengers plus cargo per voyage, even as SpaceX is...

  • Treasury Secretary Jack Lew said major emerging market countries should be better able to anticipate a U.S. interest rate hike because of the Federal Reserve's clear communications, a recapitalized International Monetary Fund and efforts to coordinate monetary and fiscal policies. Lew told Reuters in an interview late Monday that G20 finance ministers...

  • GUADALAJARA, Mexico, Sept 27- SpaceX is developing an interplanetary rocket and capsule to transport large numbers of people and cargo to Mars with the ultimate goal of colonizing the planet, company chief and tech billionaire Elon Musk said on Tuesday. Musk outlined his plans for a massive Mars rocket, capable of carrying 100 passengers plus cargo per voyage,...

  • BUENOS AIRES, Sept 27- An Argentine court on Tuesday suspended planned natural gas rate hikes to small and medium-sized businesses until the end of the year, dealing another blow to the government's plans to cut public service subsidies to shrink the country's large fiscal deficit. Last month, the Supreme Court halted planned increases in residential gas...

  • MEXICO CITY, Sept 27- Mexico's Jose Cuervo, the world's largest tequila producer, on Tuesday announced its long-awaited initial public offering, which could raise up to $1 billion, another sign of a wider revival in Latin American stock flotations. "Jose Cuervo has managed to capitalize pretty well, mostly because of their brands, but also because it's one of the...

  • EL DIAMANTE, Colombia, Sept 27- Veterans of Colombia's FARC guerrilla army could soon be making a living as eco-tourism guides, beef processors or cheese makers under plans by the Marxist group to invest in economic projects once a peace deal takes hold. Vast swathes of rural land abandoned for decades because of war will be open to development, including by...

  • EL DIAMANTE, Colombia, Sept 27- Veterans of Colombia's FARC guerrilla army could soon be making a living as eco-tourism guides, beef processors or cheese makers under plans by the Marxist group to invest in economic projects once a peace deal takes hold. Vast swathes of rural land abandoned for decades because of war will be open to development, including by...

  • BRASILIA, Sept 27- Brazil's central bank expects annual inflation to ease below the government's 4.5 percent target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. "The report consolidated the idea that the bank will cut rates in October," said Otavio Luis Leal,...

  • MEXICO CITY, Sept 27- Mexican alcoholic beverage maker Jose Cuervo, the world's largest tequila producer, on Tuesday filed a prospectus with the Mexican bourse to conduct its long-expected initial public offering. The filing provided few details about the IPO, but media reports have suggested the company could seek to raise between $750 million and $1 billion.

  • PARIS, Sept 27- AccorHotels is launching a youth hostel brand called Joe&Joe to tap the spending power of young adults, part of its response to the challenges posed by Airbnb and an entry into a high-growth sector. Europe's largest hotel group said on Tuesday it would open hostels in Paris and Bordeaux in 2018. More are planned in Warsaw, Budapest, Rio and Sao Paulo...

  • Treasury Secretary Jack Lew on Monday issued a stamp of approval to Argentina's economic reform efforts and said the United States would try to expedite the exchange of tax data that could help Argentina repatriate overseas assets. Lew, in the first visit by a U.S. treasury secretary to Argentina since 2002, told Reuters that he believed that U.S. support for...

  • BUENOS AIRES, Sept 26- Argentina's central bank will continue to set its policy rate on a weekly basis in 2017 but will no longer tie the rate to short-term Lebac securities, central bank chief Federico Sturzenegger said on Monday. The bank is seeking to contain inflation that economists see at around 40 percent in 2016, also a priority of center-right President...

  • In a sign of growing ambition beyond its taxi business, Uber is gearing up to deliver meals in Amsterdam this week just as Takeaway.com, the restaurant ordering leader in the Netherlands, lists on the Amsterdam stock market. The plan include 16 cities in 12 European countries ranging from Moscow to Madrid to Manchester, 11 new cities in nine Asian countries-...

  • BUENOS AIRES, Sept 26- The United States will immediately begin work on ways to expedite the exchange of tax information with Argentina, U.S. Treasury Secretary Jack Lew said on Monday, signaling a move that could aid Argentina's tax amnesty program to repatriate overseas assets. "To accelerate the process of sharing tax data on Argentine residents in the United...

  • MILAN— Milan Fashion Week made way for young talent on the last day of preview shows for next spring and summer Monday. After Giorgio Armani ceded his usual spot anchoring the last day of fashion week this round, the Milan fashion chamber officials put the spotlight on the next generation of designers. Highlights include shows by Mila Schoen, San Andres and...

  • SAO PAULO, Sept 26- Brazilian planemaker Embraer SA confirmed on Monday that it would cut nearly 8 percent of its workforce through a voluntary buyout program, slashing costs amid weak business jet sales and downsized defense contracts. Union leaders said last week that nearly half of the workers leaving are metalworkers on Embraer's assembly lines in Sao...

  • Workers assemble a grain combine at the Case New Holland factory in Curitiba, Brazil.

    In emerging markets, there's life after BRICS, and analysts say it's in private banking as the middle class thrives.

  • MEXICO CITY— A fuel tanker carrying gasoline and diesel continued to burn off the Gulf coast of Mexico on Sunday, a day after it erupted in flames. Firefighting boats were battling the blaze aboard the Burgos, which is owned by state oil company Petroleos Mexicanos, or Pemex. A large plume of smoke from the burning ship could be seen from the port of Veracruz.

  • MEXICO CITY, Sept 24- A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet.

  • MEXICO CITY, Sept 24- A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet.