Business Peru

  • LIMA, Nov 18- Leaders of Pacific rim nations began gathering in Peru on Friday seeking to salvage hopes for regional trade as prospects of a Donald Trump presidency sounded a possible death knell for the U. S-led Trans-Pacific Partnership free trade pact. Though Obama championed the TPP, his administration has stopped trying to win congressional approval for...

  • BEIJING, Nov 18- China will position itself as free trade's new champion at an Asia-Pacific summit this weekend, with the Communist government seeking to project economic leadership as a U.S.-led Pacific Rim trade pact languishes under President-elect Donald Trump. "If the U.S. gives up its leadership here, of course China will take the role," said Tu Xinquan, a...

  • BEIJING, Nov 18- China will position itself as free trade's new champion at an Asia-Pacific summit this weekend, with the Communist government seeking to project economic leadership as a U.S.-led Pacific Rim trade pact languishes under President-elect Donald Trump. "If the U.S. gives up its leadership here, of course China will take the role," said Tu Xinquan, a...

  • OTTAWA, Nov 17- The leaders of Mexico and Canada will hold talks this weekend on the potential impact that a Donald Trump presidency could have on the NAFTA trade pact, a source close to the matter said on Thursday. Trump, who takes office in January, says he will either tear up or push to renegotiate the trilateral North American Free Trade Agreement, under which...

  • BEIJING, Nov 18- China will position itself as free trade's new champion at an Asia-Pacific summit this weekend, with the Communist government seeking to project economic leadership as a U.S.-led Pacific Rim trade pact languishes under President-elect Donald Trump. "If the U.S. gives up its leadership here, of course China will take the role," said Tu Xinquan, a...

  • WASHINGTON, Nov 17- U.S. and Peruvian agents have seized a record $30 million in counterfeit dollars in the biggest netting of fake greenbacks ever by the U.S. The stash was discovered when more than 1,500 Peruvian police, along with Secret Service agents, carried out searches and arrest warrants on Tuesday in Lima, the agency said in a statement.

  • MEXICO CITY, Nov 17- Mexico has declared a Chinese-backed group winner of a tender to build and run a multi-billion dollar wholesale mobile network, the first major new investment announced in the country since Donald Trump's U.S. election victory. Second-largest is the 23.36 percent stake held by the China- Mexico fund created by the two countries in 2014,...

  • OTTAWA, Nov 17- The leaders of Mexico and Canada will hold talks this weekend on the potential impact that a Donald Trump presidency could have on the NAFTA trade pact, a source close to the matter said on Thursday. Trump, who takes office in January, says he will either tear up or push to renegotiate the trilateral North American Free Trade Agreement, under which...

  • OTTAWA, Nov 17- The leaders of Mexico and Canada will hold talks this weekend on the potential impact that a Donald Trump presidency could have on the NAFTA trade pact, a source close to the matter said on Thursday.

  • LIMA/ TORONTO, Nov 16- Freeport-McMoRan Inc said on Wednesday it had wrapped up the $2.65 billion sale of its stake in the Democratic Republic of Congo's Tenke mine, and the company's chief executive said he hopes negotiations will ease objections of Congo's state miner to the deal. The CEO, Richard Adkerson, told Reuters in an interview that the surprise victory...

  • LIMA, Nov 16- At least four people died in a fire in a movie theater at a popular seaside mall in Lima on Wednesday, ahead of a global summit bringing together presidents from the United States, Russia, China, Japan and other countries this week. Firefighters were working to find several missing people, said Miguel Eduardo Yi, a fire department chief in Lima.

  • LIMA, Nov 16- At least four people died in a fire in a movie theater at a popular seaside mall in Lima on Wednesday, ahead of a global summit bringing together presidents from the United States, Russia, China and other countries this week. Firefighters were trying to find several missing people in Larcomar, said Miguel Eduardo Yi, a fire department chief in Lima.

  • Chinese President Xi Jinping.

    Expectations of the eventual demise of the suspended TPP deal have surged since Trump’s victory, a development that will help China’s trade expansion.

  • SANTIAGO- Chile's central bank hosts a meeting of central bank heads of Canada, Mexico, Brazil, Argentina and Peru. LIMA- Central bank of Peru announces interest rate decision- 0000 GMT. SEOUL- Bank of Korea holds a monetary policy meeting and will announce its decision on interest rates- 0100 GMT.

  • THURSDAY, NOVEMBER 10 BUDAPEST- The European Bank for Reconstruction and Development conference: Reinvigorating Growth, Competitiveness and Investment- The EU from the Baltics, through Central Europe, to the Mediterranean. BELGRADE- National Bank of Serbia interest rate decision- 1100 GMT. SANTIAGO- Chile's central bank hosts a meeting of central bank heads...

  • LIMA, Nov 9- Peruvian miner Milpo expects to produce about 260,000 or 265,000 tonnes of zinc this year, maintaining output levels from recent years, the company's president said on Wednesday. Victor Gobitz said the Lima- listed company, controlled by the Brazilian group Votorantim, expects to start producing copper from its $300 million project Magistral in...

  • Reusche noted, however, that the Republican president-elect's triumph was "quite negative" for Mexico, which is part of the NAFTA free trade deal that Trump has promised to scrap if he cannot renegotiate. Trump's protectionist proposals could hurt manufacturing activity that is vital to Mexico and Central American countries, Reusche said.

  • TUESDAY, NOVEMBER 8 HONG KONG- Reserve Bank of Australia's Head of International Department Chris Ryan speaks at the seventh Pan Asian Regulatory Summit. BUDAPEST- Hungarian Central Bank non-rate-setting meeting. WEDNESDAY, NOVEMBER 9 BUDAPEST- Hungarian Central Bank to publish the minutes of its October policy meeting- 1300 GMT.

  • FRIDAY, NOVEMBER 4 MEXICO CITY- Federal Reserve Bank of Dallas President Rob Kaplan speaks at a forum hosted by the Association of Banks of Mexico- 1600 GMT. BUDAPEST- Hungarian Central Bank non-rate-setting meeting. WEDNESDAY, NOVEMBER 9 BUDAPEST- Hungarian Central Bank to publish the minutes of its October policy meeting- 1300 GMT.

  • LIMA, Nov 3- Peruvian President Pedro Pablo Kuczynski said on Thursday he expects the country's economic outlook to improve over the short term but expressed concern over international trade. In remarks that opened the Thomson Reuters Economic Forum in Lima, the centrist leader added that a pillar of his growth strategy was to expand Peru's taxpayer base.