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  • Success stories until recently, emerging economies are seen as casualties now— of slower growth in China, plunging prices for commodities like oil and iron ore, the prospect of higher U.S. interest rates and homegrown threats. The damage has spilled across oceans, with the turmoil jolting investors in New York, Tokyo and Europe. Investors there worry that China...

  • LIMA, Aug 19- Any downgrade of Peru's stock exchange to "frontier market" status by index provider MSCI Inc would likely trigger a capital outflow of $1.5 billion to $5 billion within three months, the head of Peru's bourse said on Wednesday. MSCI said last week that it was considering dropping Peru's current "emerging market" classification because of low...

  • Muslim scholars call for climate action Tuesday, 18 Aug 2015 | 9:33 AM ET

    The move comes two months after Pope Francis' encyclical on climate change and other environmental issues and ahead of a key U.N. climate conference in Paris in December, where world leaders are supposed to adopt a landmark agreement to fight climate change. About 60 delegates adopted the declaration at the end of the seminar, including leading clerics from...

  • LIMA, July 28- Southern Copper Corp said on Tuesday its net income dropped 12.6 percent drop in the first half of the year due to the slump in global metal prices, but it said it was well-positioned to weather the "temporary downturn". "Even though the current economic scenario is affecting metal prices, we believe this is a temporary headwind that will eventually...

  • July 17- U.S. exports of refined petroleum products to Latin America have soared over the past decade as strong economic growth in the region boosted demand while inadequate refinery investment limited supply. *Last year, it had pledged to invest $2.8 billion in refinery upgrades. *State-run oil company Petrobras hopes to boost the crude processing capacity of...

  • RIO DE JANEIRO, July 8- Brazil's state-run oil company Petrobras hopes to boost the crude processing capacity of its newest refinery 62 percent to as much as 120,000 barrels per day in the second half of this year, the company's refining chief said Wednesday. Petroleo Brasileiro SA, as Petrobras is formally known, plans to start testing higher processing levels...

  • SEOUL, June 3- South Korea's SK Innovation Co Ltd has signed a contract to sell its 11.1 percent stake in Peruvian natural gas transporter Transportadora de Gas del Peru for $251 million, the company said in a statement on Wednesday. A 3.94- percent stake is being sold to Spanish utility Enagas, with the remaining 7.25 percent going to Habanera, a Canadian...

  • LIMA, June 1- A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18- day strike has nearly frozen activities at the northern terminal of Callao at the edge of the capital Lima, prompting $100 million in lost revenues for merchants,...

  • DIARY- Emerging Markets Economic Events to May 26 Tuesday, 12 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • DIARY- Emerging Markets Economic Events to May 25 Monday, 11 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • LIMA, May 11- Peru's energy and mines minister said on Monday that she has halted talks with Southern Copper Corp over its stalled $1.4 billion Tia Maria project until the miner explains its role in possible "wrongdoing." The government has also summoned German Larrea, the chief executive of Southern Copper's parent company, Grupo Mexico, to the capital Lima to...

  • DIARY- Emerging Markets Economic Events to May 21 Thursday, 7 May 2015 | 8:02 PM ET

    BUCHAREST- Romania central bank Governor Mugur Isarescu presents the quarterly inflation report. LUSAKA- Bank of Zambia announces interest rate decision. ACCRA- Central bank of Ghana holds monetary policy meeting.

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • The cities at greatest risk for a mega-quake Wednesday, 29 Apr 2015 | 10:50 AM ET
    Nepal is still struggling to recover from the previous earthquake, which hit the country late last month

    In earthquake-prone cities, growing populations live amidst infrastructures that are unable to withstand the effects of large quakes.

  • RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

  • RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

  • LIMA, April 23- The poverty rate in Peru edged down 1.2 percentage points to 22.7 percent last year, official data showed on Thursday, amid the country's worst economic slowdown in five years. In the previous six years, Peru's poverty rate fell by an annual average of 3 percentage points as economic growth in Peru, the global minerals exporter, surged on high...

  • SANTIAGO, April 20- When Antofagasta Chief Executive Diego Hernandez took the stage at the world's biggest copper conference last week, he talked about the growing risks mining companies face from rising worker salaries in South America due to staff shortages and strong unions. Last year, Antofagasta agreed to four-year contracts, including pay increases...

  • *Southern Copper CEO, Grupo Mexico say Tia Maria going ahead. *Southern Copper shares down 5.6 pct. LIMA, March 27- Conflicting statements about whether Southern Copper Corp would cancel development of its $1.4 billion Tia Maria copper mine in Peru's Arequipa region have battered the company's share price and left investors wondering about the project's...

  • Guess who's not invited to Pacific free trade pact Friday, 20 Mar 2015 | 9:41 AM ET
    The China Shipping Container Lines CSCL Brisbane container ship departs Terminal 3 of Port Botany in Sydney, Feb. 6, 2015.

    After nearly a decade, talks on the Trans-Pacific Partnership are nearing completion, according to people involved in the negotiations.