World Markets Latin America

  • SANTIAGO, Jan 19- Chilean copper miner Antofagasta said on Thursday it would sell its 40 percent stake in the Alto Maipo hydroelectric power project to partner AES Gener, exiting the project entirely. London- listed Antofagasta, controlled by Chile's wealthy Luksic family, signed up to Alto Maipo in 2013, seeking to secure power for its Los Pelambres mine.

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • SANTIAGO, Jan 19- Middle Eastern private equity investor Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj has made a number of investments in other countries...

  • BRASILIA, Jan 19- Brazil's inflation rate slowed more than expected in mid-January, falling below 6 percent for the first time in nearly three years and reinforcing market bets on steep interest rate cuts by the central bank. "Inflation is slowing down in general, not only at a single group," said Carlos Lopes, an economist with Banco Votorantim.

  • BRASILIA, Jan 19- Brazil's inflation rate slowed more than expected in mid-January, falling below 6 percent for the first time in nearly three years and reinforcing market bets on steep interest rate cuts by the central bank. "Inflation is slowing down in general, not only at a single group," said Carlos Lopes, an economist with Banco Votorantim.

  • BOGOTA, Jan 19- Colombia could produce 14.5 million 60- kg bags of coffee this year, the highest output in more than two decades, the head of the country's growers' federation said on Thursday, as it pushes productivity and fertilization improvements on farms. Colombia had an output of 18 bags per hectare in 2016, but if growers increase tree density, that figure...

  • DETROIT— Thirteen automakers are recalling more than 652,000 vehicles in the U.S. in the latest round of dangerous Takata air bag inflator recalls. Automakers with recalls posted Thursday are Audi, Nissan, Jaguar-Land Rover, Subaru, Daimler Vans, Tesla, Mitsubishi, BMW, Ferrari, Mercedes, Mazda, McLaren and Karma. All the recalls are to replace front passenger...

  • BRASILIA, Jan 19- Brazil's inflation rate slowed more than expected in mid-January, falling below 6 percent for the first time in nearly three years and reinforcing market bets on steep interest rate cuts by the central bank. Consumer prices as measured by the IPCA-15 index rose 5.94 percent in the 12 months to mid-January, slowing from an increase of 6.58...

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • LONDON, Jan 19- Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar. "Essentially the big part is how much they will actually hike this year- instead of two it could be three now," said Simon Quijano-Evans, emerging markets...

  • MEXICO CITY— Donald Trump's assumption of the U.S. presidency couldn't come at a worse time for Mexico. Even before his swearing-in, Trump has already hurt the country's economy by pressuring automakers to shift factories out of Mexico, threatening its most important manufacturing sector and status as a rising star in auto production. He has also threatened to...

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • BLOOMINGTON, Minn.— The Mall of America plans to continue showing movies, but in a renovated space that offers oversized reclining chairs, gourmet food and wines and cocktails. The Star Tribune reported Wednesday that CMX, a subsidiary of Mexico City- based Cinemex, is building a 64,000- square-foot movie theater at the Minnesota mall. Information from: Star...

  • MEXICO CITY, Jan 18- A deeply unpopular fuel price hike has pushed Mexican President Enrique Pena Nieto's approval rating to a record low of just 12 percent, the worst for any president in decades, a newspaper poll showed on Wednesday. Pena Nieto's government has been battered by a lackluster economy, corruption scandals, rampant violence, and most recently the...

  • BRASILIA, Jan 18- Mexico's economy is set to grow at the slowest pace in four years in 2017, a Reuters poll showed on Wednesday, after the election of Donald Trump to the White House upended relations with its biggest trade partner and foreign investor. Forecasts for economic growth elsewhere in Latin America were also revised down for most countries, the poll...

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • SANTIAGO, Chile— Luis Maldonado is the last remaining photographer in the main square of the Chilean capital still using a wooden box camera. Clients are scarce, with days, even weeks, passing before someone asks him to create a portrait with the old-fashioned contraption. But coming from a family of box camera photographers that includes his grandfather, father...

  • BRASILIA, Jan 17- The Brazilian Air Force is planning to privatize the running of its telecom network used for defense, surveillance and air traffic control, an Air Force spokeswoman said on Tuesday. The planned public-private partnership is aimed at reducing the cost to the Air Force of modernizing the system and would involve about 4.3 billion reais in...

  • At an investor day event, the Vancouver- based miner focused on the exploration potential at its mine sites and projects in the Americas, a turnaround from recent years when most miners' attention was on reducing costs, not growth. Goldcorp late on Monday said it expected to increase gold output by a fifth over the next five years to about 3 million ounces, driven by...

  • SAO PAULO, Jan 17- Ride-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's biggest nation. The new facility in Sao Paulo may employ up to 7,000 people by the end of the year, providing technical support...