World Markets Latin America

  • BRASILIA, Dec 6- Brazil's currency and stocks seesawed on Tuesday as a Supreme Court decision to remove the Senate president because he has been indicted on embezzlement charges raised doubts about upcoming votes on the government's austerity agenda. Newspaper O Globo reported that the next president of Brazil's Senate, a member of the opposition, said...

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, is selling 29 data centers to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business. The data centers being sold are located in 15 metro areas in the United States and Latin America, including New York, Atlanta, Chicago, Bogota and Sao Paulo. Equinix was advised by Evercore, J.P....

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, has agreed to sell 29 data centers to Equinix Inc for $3.6 billion. The data centers being sold are located in 15 metro areas, including New York, Atlanta, Chicago, Bogota and Sao Paulo. The sale represents Verizon's efforts to streamline its business and follows the divestment last year of a chunk of its...

  • Latino wealth effect on the rise

    Solomon Trujillo, Trujillo Group Investments, and Dr. Jeffrey Eisenach, NERA Economic Consulting, talk about the dramatic economic growth in the Latino community. Latinos are very entrepreneurial, says Trujillo.

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on the United States on Tuesday not to let Taiwan President Tsai Ing- wen transit there when she visits Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the formal...

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on the United States on Tuesday not to let Taiwan President Tsai Ing- wen transit there when she visits Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the formal...

  • BRASILIA, Dec 5- Brazil's Supreme Court on Monday removed Senator Renan Calheiros as president of the Senate after the top court indicted him last week on charges of embezzlement, a court spokesman said, a move that could put the government's belt-tightening agenda in peril. The head of the Senate is the second in line after the speaker of the lower house, as Brazil...

  • MEXICO CITY, Dec 5- Fresh off a historic tie-up with Australia's BHP Billiton Plc, Pemex is aiming for more than five additional joint ventures with other major producers over the next two years, the chief executive officer of the Mexican state oil firm said on Monday. Pemex already plans four shallow water and onshore tie-ups next year, and Pemex CEO Jose Antonio...

  • MEXICO CITY— Mexico has increased its minimum wage to just over 80 pesos a day, though its dollar value is down due to the peso's devaluation. Since then, Mexico's peso has declined from 17.35 for $1 to 20.56 for $1, as of Monday. Manufacturing wages in Mexico average about $2.10 an hour in Mexico, compared to $20.60 per hour in the U.S.

  • BRASILIA, Dec 5- Brazil's Supreme Court on Monday removed Senator Renan Calheiros as president of the Senate after the top court indicted him last week on charges of embezzlement, a court spokesman said. The head of the Senate is the second in line after the speaker of the lower house, as Brazil does not have a vice president at the moment. The change of leadership in...

  • SAO PAULO— The government is proposing that Brazil's minimum retirement age be set at 65 as part of an overhaul to a pension system many say is unsustainable. President Michel Temer presented the pension plan to congressional and union leaders Monday night. The proposal goes to Congress on Tuesday.

  • BRASILIA, Dec 5- Brazil President Michel Temer appealed to political leaders on Monday to back his unpopular proposal to reform the country's costly pension system that would force Brazilians to work more years before being eligible for full retirement benefits. The plan, aimed at restoring fiscal discipline to in an effort to regain investors' confidence,...

  • MEXICO CITY— Mexico's state-owned oil company Pemex said Monday that it has awarded its first contract with a private firm for a joint operating agreement in deep-water oil drilling. The Trion field is near Mexico's maritime boundary with the United States in the Gulf of Mexico and is believed to hold the equivalent of 485 million barrels of oil.

  • LA PARADA, Colombia, Dec 5- Women from crisis-hit Venezuela are crossing the border in droves and selling their hair in a Colombian border town in order to afford scarce basic necessities such as food, diapers or medicines. Dozens of middlemen, known as "draggers," stand on a bridge linking San Antonio, Venezuela, to Colombia's La Parada, calling out: "We buy hair!"

  • Dec 5- A unit of Venezuela's state-run oil company PDVSA has asked a U.S. court to order two businessmen to compensate it for carrying out a "staggering" bribery scheme that cost the company $600 million in losses. A motion filed last Wednesday in federal court in Houston marked the first time PDVSA had formally intervened in the case, part of a U.S. Justice...

  • Finance Minister Henrique Meirelles said the proposal is crucial to rebalancing the country's overdrawn public accounts and Temer will discuss the plan with congressional leaders and union bosses before it is sent to Congress. Despite such threats, the government plans to send the reform plan on Tuesday to Congress where is expected to face a heated debate...

  • BRASILIA/ SAO PAULO, Dec 5- Brazilian President Michel Temer will unveil on Monday the long-awaited details of a controversial pension reform plan at the heart of his austerity drive to shore up an economy mired in its worst recession on record. Finance Minister Henrique Meirelles said the proposal is crucial to rebalancing the country's overdrawn public...

  • MEXICO CITY, Dec 5- A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what the industry sees as the world's "last great proven frontier." "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan...

  • MEXICO CITY, Dec 5- A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what the industry sees as the world's "last great proven frontier." "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan...

  • SINGAPORE, Dec 5- Chicago soybean futures rose on Monday, snapping four sessions of decline on expectations of strong demand, although near-perfect growing conditions in South America capped gains. The most-active soybean contract on the Chicago Board Of Trade rose 1 percent to $10.37-1/ 4 a bushel by 0331 GMT, having closed down 0.2 percent on Friday.