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Business Peru

  • LIMA, Jan 27- Brazilian construction company Odebrecht said on Friday it was willing to sell off its remaining projects and businesses in Peru as it faces a massive graft inquiry and calls from the government to leave the Andean country. It is now negotiating settlements with prosecutors in Peru and several other countries, after striking a plea deal with...

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  • Odebrecht, the largest construction firm in Latin America, admitted to paying bribes in 12 countries, including $29 million in Peru over the course of three presidencies, as part of a settlement with the U.S. Department of Justice last month. While it is under investigation in other countries, the case is more advanced in Peru than anywhere outside of Brazil.

  • BRASILIA, Jan 18- Mexico's economy is set to grow at the slowest pace in four years in 2017, a Reuters poll showed on Wednesday, after the election of Donald Trump to the White House upended relations with its biggest trade partner and foreign investor. Forecasts for economic growth elsewhere in Latin America were also revised down for most countries, the poll...

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • LIMA, Jan 12- Peruvian builder Grana y Montero's shares dropped by more than 12 percent on Thursday after it called its partnership with corruption-plagued Brazilian builder Odebrecht a "mistake" and said it was considering taking legal action. The company's shares closed 14.6 percent lower on Lima's bourse on Thursday and 12.15 percent weaker in New York.

  • MOSCOW- Gaidar Economics Forum 2017 to be held in Moscow. WARSAW- National Bank of Poland monetary policy meeting. VIENNA- Austrian Finance Minister Hans Joerg Schelling to speak about 2017 economy and fiscal issues- 0930 GMT.

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, Jan 6- Latin American currencies are set for another choppy year in 2017, a Reuters poll showed on Friday, with strategists still scrambling to gauge the impact of Donald Trump's presidency in the United States. Trump, who takes office on Jan. 20, has pledged to erect a border wall with Mexico...

  • LIMA, Jan 5- Brazil's Odebrecht SA has agreed to pay Peru an initial 30 million soles in cash as it prepares to disclose details on bribes it gave local officials over a period spanning three presidencies, the attorney general's office said Thursday. Odebrecht, facing mounting debt as it grapples with a fast-expanding graft scandal in Latin America, reiterated...

  • CHISINAU- National Bank of Moldova announces interest rate decision. CAIRO- Central Bank of Egypt monetary policy meeting. BOGOTA- Bank of Colombia publishes the minutes of its December board meeting.

  • LIMA, Dec 22- Peru President Pedro Pablo Kuczynski on Thursday denied any involvement in $20 million in bribes that Brazilian construction giant Odebrecht SA said it paid to an unnamed official to win a public works contract in 2005, when he was prime minister. In a massive plea deal signed in the United States on Wednesday, Odebrecht said it distributed a total...

  • SANTIAGO- Central Bank of Chile announces interest rate decision. TBILISI- National Bank of Georgia holds monetary policy committee meeting. JAKARTA- Indonesia Central Bank holds board of governors meeting.

  • 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...