Business Peru

  • PARACAS, Lima, Dec 1- Peru will aim to quickly auction off $34 billion in proposed projects from highways to new mines to revive slumping investments and bring sorely needed development to rural areas, the new head of state bidding agency Proinversion told Reuters on Thursday. "From the portfolio of projects, 44 are state initiatives and 63 are from the private...

  • LIMA, Nov 24- A government commission in Peru traveled to a remote Andean region this week to reassure locals that sorely-needed public works were on the way, part of a renewed bid to keep conflicts in the mineral-rich country from turning deadly, the government said on Thursday. Three ministers in President Pedro Pablo Kuczynski's cabinet met with local...

  • LIMA, Nov 23- Sempra Energy said Wednesday that it dropped its offer to buy a stake in Odebrecht SA's natural gas pipeline concession in Peru, leaving junior partners scrambling to try to save the project as the government eyes a new auction. Prosecutors in Peru have been probing potential wrongdoing in the awarding of the pipeline contract.

  • OTTAWA, Nov 23- Labor market reforms could both improve the North American Free Trade Agreement and help address U.S. concerns about illegal immigration from Mexico, a senior Mexican official said on Wednesday. President-elect Donald Trump has vowed to tear up or renegotiate NAFTA- a trade pact under which Mexico and Canada send a large majority of their...

  • MEXICO CITY, Nov 22- Mexico said on Tuesday the Trans-Pacific Partnership could form the basis for bilateral trade deals between signatories, and saw a bigger role for China on world trade after U.S. Mexico has said it wants to press ahead with TPP regardless of whether the United States ratifies the 12 nation accord signed in February, though Guajardo said the...

  • LIMA, Nov 22- Peru and its top trade partner China agreed to update their 6- year-old bilateral free trade deal following their promises at a global summit to double down on economic opening in the face of looming protectionism. China's and Peru's trade ministers signed a memorandum of understanding to find ways to improve the free trade agreement the two...

  • "Whether it be with the United States or without the United States, there's a willingness among the countries that make up the TPP to move forward," Heraldo Munoz told a news conference ahead of a visit by Chinese President Xi Jinping to the South American nation. The future of the 12- nation deal, which does not include China, was one of the key themes of summit talks...

  • BUENOS AIRES, Nov 21- The Trans-Pacific Partnership would be meaningless without U.S. participation, Japan's Prime Minister Shinzo Abe said on Monday as U.S. Abe, who attended a gathering of TPP leaders in Lima on Saturday, said there was no discussion at the meeting that other members should try to put the TPP into effect without the United States, Abe told...

  • BUENOS AIRES, Nov 21- The Trans-Pacific Partnership would be meaningless without U.S. participation, Japan's Prime Minister Shinzo Abe said on Monday as U.S. Abe, who attended a gathering of TPP leaders in Lima on Saturday, said there was no discussion at the meeting that other members should try to put the TPP into effect without the United States, Abe told...

  • President Barack Obama and his Russian counterpart Vladimir Putin spoke for around four minutes on Sunday at the APEC summit about Syria and Ukraine, in what is likely to be their last in-person meeting before Obama leaves office. Obama later said at a news conference he told Putin the U.S. is deeply concerned about bloodshed and chaos in Syria "sown by constant...

  • LIMA, Nov 20- Pacific Rim leaders vowed on Sunday to fight protectionism and Chinese officials said more countries are looking to join a China- led trading bloc after Donald Trump's election victory raised fears the United States would scrap free trade deals. Trump campaigned for U.S. president on a promise to pull out of the 12- nation Trans-Pacific...

  • US President Barack Obama listens to a question during a press conference after attending the Asia-Pacific Economic Cooperation Summit in Lima, Peru.

    President Barack Obama said he won't be a constant critic of Donald Trump but would speak out if policies breach certain "values or ideals."

  • LIMA, Nov 20- Pacific Rim leaders vowed on Sunday to fight protectionism and Chinese officials said more countries are looking to join a China- led trading bloc after Donald Trump's election victory raised fears the United States would scrap free trade deals. Trump campaigned for U.S. president on a promise to pull out of the 12- nation Trans-Pacific...

  • LIMA, Nov 20- The Chinese delegation at the Asia-Pacific Economic Cooperation summit in Lima said countries including Peru and Chile have expressed interest in joining the Regional Comprehensive Economic Partnership trade deal it backs. Tan Jian, a senior member of the delegation, said the Chinese want to reach an agreement soon, given rising protectionism...

  • APEC talks in Lima have been dominated by doubts over the future of free trade and in particular the Trans-Pacific Partnership trade pact following the election of Donald Trump as U.S. president. Trump strongly criticized the TPP- which as it stands includes the United States but not China- during an election campaign notable for his strong criticism of U.S....

  • OPEC nations are due to agree a world oil freeze pact with non- OPEC countries on Nov. 30. "We will do everything that our partners from OPEC are expecting. Putin also said he has seen a "high probability" that the deal aiming to prop up the markets and boost prices would be reached in an OPEC meeting next week.

  • APEC talks in Lima have been dominated by doubts over the future of free trade and in particular the Trans-Pacific Partnership trade pact following the election of Donald Trump as U.S. president. Trump strongly criticized the TPP-- which as it stands includes the United States but not China-- during an election campaign notable for his strong criticism of U.S....

  • LIMA, Nov 20- Pacific rim leaders said on Sunday that they were committed to fighting "all forms of protectionism," while acknowledging that economic growth had become uneven in recent years and inequality had risen. "We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism," the leaders of the 21- strong Asia-Pacific...

  • President Barack Obama and his Russian counterpart Vladimir Putin spoke for around four minutes on Sunday at the APEC summit about Syria and Ukraine, in what is likely to be their last in-person meeting before Obama leaves office. "The president urged President Putin to uphold Russia's commitments under the Minsk agreements, underscoring the U.S. and our...

  • President Barack Obama and Russian President Vladimir Putin spoke to each other at the APEC summit in Peru's capital Lima on Sunday, before greeting other Asia-Pacific leaders and sitting down for a meeting.