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World Markets Latin America

  • SAO PAULO _ Telefonica Brasil SA on Wednesday reported fourth-quarter net income of $368.2 million. Telefonica Brasil shares have risen 15 percent since the beginning of the year. Keywords: Telefonica Brasil, Earnings Report.

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell its loss-making Brazilian steel mill CSA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to billions of euros in losses. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an...

  • BRASILIA, Feb 21- The Brazilian government sees no alternative to its pension reform proposal and any changes would distort a plan needed for the recovery of Latin America's biggest economy, Finance Minister Henrique Meirelles said on Tuesday. Workers unions and some lawmakers from President Michel Temer's alliance in Congress have demanded changes to the...

  • SAO PAULO, Feb 22- Ternium SA has agreed to buy Thyssenkrupp AG's CSA steel plant for 1.26 billion euros, ending five years of attempts by the German industrial firm to offload the loss-making Brazilian mill. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an enterprise value...

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. Spreadbetters expected the boon for equities to extend into the European day, predicting a higher open for Britain's FTSE, Germany's DAX and France's CAC.

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

  • MEXICO CITY, Feb 21- Mexico's top finance policymakers said on Tuesday the central bank will offer up to $20 billion in currency hedges, a major shift in policy aimed at helping Latin America's No. 2 economy tame volatility that has battered the peso. The move puts Mexico, which has been one of the most orthodox supporters of free-floating exchange rates, more in...

  • BRASILIA, Feb 21- The Brazilian government sees no alternative to its pension reform proposal and any changes would distort a plan needed for the recovery of Latin America's biggest economy, Finance Minister Henrique Meirelles said on Tuesday. Workers unions and some lawmakers from President Michel Temer's alliance in Congress have demanded changes to the...

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • SAO PAULO, Feb 21- Telefonica Brasil SA, the country's biggest telephone carrier, said on Tuesday that fourth-quarter net income was in line with estimates as cost and expense controls helped offset tepid revenue growth. In the first results delivered under Chief Executive Eduardo Navarro, who took the helm from Amos Genish last November, Telefonica said net...

  • MEXICO CITY, Feb 21- Mexico's top finance policymakers said on Tuesday the central bank will offer up to $20 billion in currency hedges, a major shift in policy aimed at helping Latin America's No. 2 economy tame volatility that has battered the peso. The move puts Mexico, which has been one of the most orthodox supporters of free-floating exchange rates, more in...

  • MEXICO CITY— Mexico's central bank says it will sell $20 billion in peso coverage contracts to cushion the risk of holding the country's currency. The Bank of Mexico said in a statement that "in recent months the peso has shown a high degree of volatility in exchange rates against the U.S. dollar, which is not consistent with the country's economic fundamentals."

  • QUITO, Feb 21- Ecuador's presidential election will go to an April runoff between leftist government candidate Lenin Moreno and ex-banker Guillermo Lasso, the electoral body said on Tuesday, after a nail-biter first round over the weekend. Ecuador's fragmented opposition is now expected to close ranks around Lasso in a runoff amid anger over an economic...

  • LONDON/ SANTIAGO, Feb 21- Anglo American said on Tuesday it will walk away from its El Soldado copper mine in Chile if it cannot agree with local regulators on a permit for a redesign of the operation. The company is still hopeful it will secure approval in three to four weeks, but if a satisfactory permit cannot be agreed, "we won't continue going forward with the...

  • QUITO, Feb 21- Ecuador looked set for an April runoff between leftist ruling party candidate Lenin Moreno and former banker Guillermo Lasso in its presidential election, with 94 percent of votes from the weekend's first round of voting counted on Tuesday morning. Moreno was so far less than one percentage point short of the threshold needed to avoid a second...

  • SAO PAULO, Feb 21- Paulo Castellari, who was named chief financial officer of Brazilian power utility Cia Energética de Minas Gerais SA only two months ago, is joining Mubadala Development Co PJSC, a source told Reuters on Tuesday. Mubadala opened an office in Rio de Janeiro early last year to spot potential opportunities in Brazil and manage local investments...

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away from what was once touted as a key overseas asset...

  • RIO DE JANEIRO— Instead of costly and elaborate costumes with glittering sequins, expect more cheap getups featuring fake mustaches, hats and tiaras at this year's Carnival. Revelers are bargain-hunting ahead of Rio de Janeiro's world famous party, which is about to kick off amid a prolonged economic crisis that is hurting pocketbooks and the myriad...