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Business Peru

  • LIMA 33, Peru _ Cementos Pacasmayo SAA on Thursday reported second-quarter net income of $6.5 million. On a per-share basis, the Lima 33, Peru- based company said it had profit of 8 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LIMA, July 20- The government President Pedro Pablo Kuczynski said on Thursday it has resolved bureaucratic issues that had delayed construction of a $5.66 billion metro line in the capital Lima and a $1.5 billion expansion of the country's main airport. Transportation Minister Bruno Giuffra said on local radio and TV station RPP that work on Line 2 of the...

  • CAPE TOWN- South African Reserve Bank starts its three-day monetary policy committee meeting. JAKARTA- Indonesia Central Bank board of governors' meeting. JOHANNESBURG- South African Finance Minister Malusi Gigaba makes an address at the American Chamber of Commerce in South Africa's networking breakfast on "Working towards financial recovery in South...

  • LIMA, Peru— Union workers at more than 50 mines in Peru have gone on strike to protest parts of a labor reform that they say will harm workers' rights. Ricardo Juarez is leader of a national federation of miners. Juarez argued that laws approved by President Pedro Pablo Kuczynski would make it easier for mass layoffs and weaken inspection bodies.

  • SYDNEY- Reserve Bank of Australia to release the minutes of July monetary policy meeting- 0130 GMT. SYDNEY- Alex Heath, Head of Economics Analysis Department at Reserve Bank of Australia, gives speech at the Women in Economics panel at the Australian Conference of Economists, Sydney- 0530 GMT. MELBOURNE- Assistant Governor at the Reserve Bank of Australia, Michele...

  • SYDNEY- Reserve Bank of Australia to release the minutes of July monetary policy meeting- 0130 GMT. SYDNEY- Alex Heath, Head of Economics Analysis Department at Reserve Bank of Australia, gives speech at the Women in Economics panel at the Australian Conference of Economists, Sydney- 0530 GMT. JAKARTA- Indonesia Central Bank board of governors' meeting.

  • BUENOS AIRES, July 12- Argentina's President Mauricio Macri blamed Congress on Wednesday for lack of progress on a corruption investigation involving Brazil's Odebrecht SA that has roiled Latin America in recent months. His government banned the company from bidding on new public works projects for a year in a measure published in the official gazette last...

  • International Olympic Committee (IOC) President Thomas Bach, Mayor of Los Angeles Eric Garcetti and Mayor of Paris Anne Hidalgo gesture during the press conference after the voting at the IOC session in Lausanne, Switzerland July 11, 2017.

    The IOC can pick Los Angeles and Paris as Olympic host cities.

  • That was especially true in Mexico, where the peso has outperformed all other emerging-market currencies as fears over a U.S. trade war waned. Brazil bucked the trend as a political crisis continued to threaten President Michel Temer's grip on power. Analysts, who were expecting a rockier year for Latin American currencies, did not anticipate the recovery in...

  • **SERBIA- National Bank of Serbia interest rate decision. **NEW DELHI- Reserve Bank India Deputy Governor Viral Acharya and Chief Economic Adviser to the government of India Arvind Subramanian speaks at an Indian Council for Research on International Economic Relations two-day conference on G20 affairs in India. **BEIJING- California Governor Jerry Brown...

  • **BANGKOK- Bank of Thailand releases minutes of its previous interest rate meeting on May 24- 0200 GMT. WARSAW- National Bank of Poland monetary policy council meeting. BOGOTA- Colombian Finance Minister Mauricio Cardenas and Central Bank head, Juan Jose Echavarria, will attend a finance industry conference.

  • BUDAPEST- Hungarian Central Bank non-rate-setting meeting. SYDNEY- Reserve Bank of Australia monetary policy meeting- 0430 GMT. WEDNESDAY, JUNE 7 BOGOTA- Colombian Finance Minister Mauricio Cardenas and Central Bank head, Juan Jose Echavarria, will attend a finance industry conference.

  • LIMA, June 5- Peru's Finance Minister Alfredo Thorne on Monday denied asking the comptroller's office to approve a $520 million airport contract in exchange for a bigger budget last month. Local television station Panamericana released on Sunday night a recording of Thorne asking Edgar Alarcon, the head of the comptroller's office, to greenlight the...

  • Like free-trade superheroes, Japan and New Zealand are spearheading efforts to make the Trans-Pacific Partnership a reality without the U.S.

  • Containers at Busan Port in Busan, South Korea.

    In a pushback against Trump’s protectionist rhetoric, 11 nations in the TPP have agreed on Sunday to proceed without the U.S.

  • Shipping containers with fog, deal fading, trade

    Trade ministers huddling on the sidelines of APEC are faced with tough challenges in resurrecting TPP since Trump ditched it.

  • LIMA, May 17- A former Peruvian governor suspected of arranging bribes from Odebrecht was arrested on Wednesday, while police raided Lima law firms thought to have ties to the Brazilian construction company, the attorney general's office said. Odebrecht has admitted to paying $29 million in bribes to win contacts in Peru, one of 12 countries where it confessed...

  • LIMA, May 16- Shares in Peru's largest construction company Grana y Montero plunged more than 10 percent on Tuesday after prosecutors filed charges against the firm and a former top executive in a corruption case linked to Brazilian builder Odebrecht. Prosecutors presented the case to the office of Peru's attorney general late on Monday, naming Grana and two...

  • LIMA, May 9- Viva Air became the first low-cost airline to enter Peru's domestic market on Tuesday, posing a challenge to Santiago- based LATAM Airlines, which has long dominated the market. Viva- a unit of Irelandia Aviation, which is led by Ryanair founder Declan Ryan- will operate 11 domestic routes with a fleet of two Airbus A320 aircraft. "I know others aren't happy,...

  • A cargo ship sits docked at the Port of Seattle in Seattle, Washington.

    Reports of the demise of the TPP trade agreement may be premature, as the deal’s members consider proceeding without the U.S.