×

World Markets Latin America

  • DETROIT/ WASHINGTON, June 20- Ford Motor Co said Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.- China trade relations despite recent tensions. The move suggests China could play a much larger role in future vehicle production for North America,...

  • BRASILIA, June 20- A Brazilian Senate committee on Tuesday rejected President Michel Temer's labor reform bill, in an unexpected blow to his administration that does not kill the pro-market proposal but shows weakening support for his agenda. "The labor reform can still be approved, but this defeat shows the government will have a really hard time to approve its...

  • SAO PAULO— Brazilian meatpacking giant JBS has announced a $1.8 billion divestment plan to reduce its debt and financial leverage. The world's largest meatpacker says in a Tuesday statement it plans to sell its U.S.-based unit, Five Rivers Cattle Feeding; shareholding stakes in Brazilian dairy company Vigor Alimentos; and Moy Park, its poultry business in...

  • The plan, which aims to raise 6 billion reais, includes a 19.2 percent stake in Brazil- based dairy company Vigor Alimentos SA, along with its Northern Ireland unit Moy Park and Five Rivers Cattle Feeding in North America. Five Rivers has a combined feeding capacity of more than 980,000 head of cattle and locations in Colorado, Kansas, Oklahoma, Texas, Arizona, and...

  • June 20- Brazil's Embraer SA booked firm orders for 18 planes from five different airlines in deals worth about $1 billion at the Paris Airshow on Tuesday, with demand focused mostly on its next-generation E2 narrowbody jets. Embraer shares opened 2 percent higher in Sao Paulo before slipping to a 2 percent loss in midday trading. Firm orders for Embraer's...

  • DETROIT/ WASHINGTON, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday. Discussion about the small-car production shift from Mexico to China began "a couple months ago" under Fields, said Joe...

  • DETROIT, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday. Discussion about the small-car production shift from Mexico to China began "a couple months ago" under Fields, said Joe Hinrichs,...

  • DETROIT, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, the company said on Tuesday. The redesigned Focus for North America will be built at a joint-venture plant in Chongqing, China, Hinrichs said. President Donald Trump had criticized Ford for shifting...

  • DETROIT, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, the company said on Tuesday. The redesigned Focus for North America will be built at a joint-venture plant in Chongqing, China, Hinrichs said. Earlier this year, Ford canceled plans for a new $1.8- billion...

  • June 20- Ford Motor Co said on Tuesday it would begin production of its next-generation Focus small car in the second half of 2019 and most of the cars for the North American market would be initially sourced from China. Ford had earlier said it planned to import the new Focus from its plant in Hermosillo, Mexico. Ford also said it was investing $900 million in its...

  • June 19- Brazilian stocks rose on Monday, supported by planemaker Embraer SA, while the Mexican peso slipped from a 13- month peak after comments by a Federal Reserve official supported bets of further U.S. interest rate hikes. Gains in Brazilian markets were limited due to concerns that a political scandal may hamper the implementation of President Michel...

  • BUENOS AIRES/ NEW YORK, June 19- Argentina sold $2.75 billion of a hotly demanded 100- year bond in U.S. dollars on Monday, just over a year after emerging from its latest default, according to the government. Argentina is going to the international capital markets to help finance a fiscal deficit of 4.2 percent of gross domestic product this year.

  • BUENOS AIRES/ NEW YORK, June 19- Argentina sold $2.75 billion of a hotly demanded 100- year bond in U.S. dollars on Monday, just over a year after emerging from its latest default, according to the government and Thomson Reuters' IFR. The new bond issue offered a coupon of 7.125 percent, the finance ministry said in a statement that hailed success of the sale as evidence...

  • BUENOS AIRES/ LONDON, June 19- Argentina has offered a 100- year bond in U.S. dollars, the finance ministry said on Monday, just over a year after the nation emerged from default. Still the move came as a surprise given Argentina only last year ended a decade-long dispute with creditors over its 2002 default and residents tend to frown upon accumulating debt in...

  • Titled "Reckless Exploit," the report by Citizen Lab at the University of Toronto said the targets included people such as prominent journalists Carmen Aristegui and Carlos Loret de Mola, who were investigating alleged government corruption and purported human rights abuses by security forces. Citizen Lab said it had "no conclusive evidence attributing...

  • BUENOS AIRES/ LONDON, June 19- Argentina has offered a 100- year bond in U.S. dollars, the finance ministry said on Monday, only just over a year after the nation emerged from default. Investors said there would be appetite for the bond with a yield of 7.9 percent, given the low yields elsewhere in the fixed income market and the need for pension funds to lock in long term...

  • Violent summer storms have visited Mexico for years, but the country has very little experience in deep water drilling, a risky activity still marked by the 2010 Deepwater Horizon well blow out in the northern Gulf of Mexico that killed 11 people and pumped 5 million barrels of oil into the sea. Mexico, which awarded its first eight deepwater projects in a...

  • MONDAY, JUNE 19 CANBERRA- Reserve Bank of Australia Governor Philip Lowe takes part in panel discussion at the 2017 Crawford Australian Leadership Forum in Canberra. SYDNEY- Reserve Bank of Australia to release minutes of June monetary policy meeting- 0130 GMT. BANGKOK- Prime Minister Prayuth Chan- ocha, Deputy Prime Minister Somkid Jatusripitak and Finance...

  • SAO PAULO— Embattled President Michel Temer exchanged furious denunciations of corruption Saturday with a leading businessman who alleges Brazil's leader was behind the bribes paid by business executives to politicians and government authorities in exchange for political favors. Meatpacking billionaire Joesley Batista, who is himself under...

  • VATICAN CITY— Pope Francis has long railed against corruption and the mafia, but now the Vatican is considering developing a whole doctrine around excommunicating corrupt and mafia-tinged Catholics. Organizers said in a statement Saturday that the time had come to develop a new legal doctrine for the Catholic Church around "the question of excommunication...