World Markets Latin America

  • 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.

  • MEXICO CITY— Mexico's state-owned oil company says it is working to extinguish a blaze aboard a loaded tanker ship in the Gulf of Mexico. Mexico's Navy rescued 31 crew members and no injuries were reported. The Veracruz Port Authority said the Burgos was scheduled to dock Sunday morning.

  • 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.

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • RIO DE JANEIRO, Sept 23- Brazil's state-owned oil producer Petrobras agreed to sell 90 percent of a natural gas pipeline unit to a group led by Canada's Brookfield Asset Management Inc for $5.2 billion, the companies said on Friday. The investor group includes two sovereign wealth funds, China's CIC Capital Corp and Singapore's GIC Private Ltd..

  • RIO DE JANEIRO— The board of Brazilian state-run oil giant Petrobras has approved the sale of a key natural gas pipeline unit to a group of investors led by Toronto- based Brookfield Asset Management. Petrobras says the group will pay $5.2 billion over five years to acquire a 90 percent stake in the Nova Transportadora do Sudeste unit. A Friday statement says the...

  • BUENOS AIRES, Sept 23- Even though new rules have not yet been implemented, telecom companies in Argentina are preparing for a more competitive market as the government expects reforms to attract $20 billion in investments over four years. Telecom Argentina and Telefonica de Argentina have announced investments in recent months, while Argentina's largest...

  • Sept 23- Brazil's state-run oil company Petroleo Brasileiro SA agreed to sell 90 percent of its natural gas pipeline unit for $5.2 billion to a group of investors led by Canada's Brookfield Asset Management Inc, the companies said on Friday. The consortium includes sovereign wealth funds CIC Capital Corp of China and GIC Private Ltd. of Singapore.

  • Sept 23- A consortium including Brookfield Infrastructure said it agreed to buy a 90 percent stake in the operator of a natural gas transmission system in Brazil from Petróleo Brasileiro SA for about $5.2 billion. Brookfield-managed entities will hold a controlling interest in the consortium, which also includes China's CIC Capital Corp and Singapore's...

  • CARACAS, Sept 22- Venezuelan state oil company PDVSA on Thursday said its lease of Curacao's Isla refinery was not up for negotiations yet, days after the island announced a preliminary deal with China's Guangdong Zhenrong Energy to operate the complex. Curacao's government said on Monday it has signed a preliminary agreement with Guangdong Zhenrong Energy...

  • BUENOS AIRES, Sept 22- Argentina said on Thursday the economy shrank 2.1 percent in the second quarter from the first quarter of 2016, as the country remained mired in recession during the first year of President Mauricio Macri's administration. Compared with the same quarter of 2015, gross domestic product shrank 3.4 percent in the April-to-June period, the...

  • BUENOS AIRES, Sept 22- Argentina said on Thursday the economy shrank 2.1 percent in the second quarter from the first quarter of 2016, as the country remained mired in recession during the first year of President Mauricio Macri's administration. Finance Minister Alfonso Prat-Gay said earlier this week that the economy next quarter would not contract for the...

  • Mexican Economy Minister Ildefonso Guajardo

    Despite Donald Trump's inflammatory comments, a key Mexican official says the country is prepared to negotiate if the GOP nominee wins.