Business South America

  • SAO PAULO, Jan 6- As Brazil's 2016/ 17 soybean harvest begins, analysts expect a record crop of 103.5 million tonnes thanks largely to good weather conditions, a Reuters poll showed on Friday. Brazil is the world's largest exporter of soybeans, so an abundant harvest would keep international prices under pressure while replenishing domestic inventories.

  • *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...

  • BUENOS AIRES, Jan 5- Argentina's government ended a required holding period for foreign capital in a decree published in the official gazette on Thursday, in order to attract investment with the country mired in recession. Macri's administration has implemented several reforms to reintegrate Argentina back into the global economy. Just last week, the...

  • CHICAGO, Jan 5- U.S. wheat futures rose 1.6 percent to their highest in nearly six weeks on Thursday on a round of short-covering after weakening overnight, traders said. "Wheat is just incredibly cheap compared to the other ag markets," said Terry Reilly, grains analyst with Futures International in Chicago. Wheat also found technical support after the benchmark...

  • 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...

  • SAO PAULO, Jan 5- A fire broke out on Thursday at a Vale fertilizer unit in Sao Paulo state, the company confirmed. It was not immediately clear what, if any, damage, there was, but production at the facility halted. G1, the website for Globo TV, reported that an explosion was heard just before the fire broke out and that ammonium nitrate was spewing from the facility in the...

  • SAO PAULO, Jan 5- A fire broke out on Thursday at a Vale fertilizer unit in Sao Paulo state, the company confirmed. It was not immediately clear what, if any, damage, there was, but production at the facility halted. G1, the website for Globo TV, reported that an explosion was heard just before the fire broke out and that ammonium nitrate was spewing from the facility in the...

  • *Expansion in southern Europe key pillar of strategy. SAO PAULO/ PARIS, Jan 5- Vivendi has tapped Amos Genish, the former head of Telefonica's Brazil unit, to lead efforts to converge the French media company's content, platforms and media distribution strategies. The move comes as Vivendi, led by billionaire and corporate raider Vincent Bollore, has been building...

  • PARIS/ SINGAPORE, Jan 5- U.S. grain and soybean futures edged lower on Thursday in a pause from a day-earlier rally, as traders waited for further indications on weather risks and portfolio rebalancing by funds that have supported prices in the face of big global supplies. The Chicago Board of Trade most-active soybean contract was down 0.6 percent at $10.09-1/ 2 a...

  • SINGAPORE, Jan 5- Chicago soybean futures lost ground on Thursday, giving up some of the previous session's strong gains, although losses were limited by concerns over excessive rains hampering planting in Argentina. The Chicago Board of Trade most-active soybean contract was down 0.3 percent at $10.12-3/ 4 a bushel as of 0334 GMT, having firmed 2 percent on...

  • NEW YORK— The Trump Organization has canceled talks over possible projects in Brazil, Argentina and India as the president-elect pulls back from deal-making less than three weeks before taking office. Trump lawyer Alan Garten said Wednesday that the company has canceled a "memorandum of understanding" to continue discussions with local partners over...

  • PARAMARIBO, Suriname— Alcoa Corp. said Wednesday that it will permanently close the alumina refinery and bauxite mines in Suriname that were pillars of the economy in the South American nation until the company halted operations there in November 2015. Alcoa said it would continue to operate the Afobaka hydroelectric facility, which supplied power to the...

  • WASHINGTON— The Latest on President-elect Donald Trump:. The Trump Organization is canceling talks over possible projects in Brazil, Argentina and India as the president-elect pulls back from deal-making less than three weeks before taking office. Congress has distributed free tickets for Donald Trump's Jan. 20 inauguration, but some people are trying to...

  • *CBOT wheat ticks down, Kansas firm as crop ratings fall. PARIS/ SINGAPORE, Jan 4- Chicago soybeans inched higher on Wednesday as the dollar eased, encouraging the oilseed market to break a three-day slide, although favourable harvest prospects in South America kept a lid on prices. Chicago wheat dipped but Kansas futures were higher after the U.S. government...

  • SAO PAULO, Jan 4- Brazilian home prices rose for the tenth straight month in December, giving builders and banks some hope the worst of a multi-year market downturn is finally easing, market data released on Wednesday showed. Despite the streak of consecutive increases in national prices, the rise in home values has failed to outpace inflation, suggesting gains...

  • CARACOLLO, Bolivia— Last year, the flowering quinoa plants painted Florencio Tola's farmlands in vibrant sepia and ochre tones. Crops and livestock were decimated, and reservoirs that supply the capital of La Paz and other cities have dropped to alarming levels. Lake Poopo, Bolivia's second-largest, has dried up entirely.

  • LIMA, Jan 2- Peru has demanded a "significant sum" of cash from Brazilian builder Odebrecht before starting talks toward a plea deal that would reveal the names of officials it bribed over a period spanning three presidencies, the attorney general's office said Monday. Hamilton Castro, lead prosecutor investigating the company, declined to specify how much Peru...

  • CARACAS, Dec 29- Venezuelan President Nicolas Maduro on Thursday said his government would extend the use of 100- bolivar notes to Jan. 20, after a plan to withdraw those bills from the economy sparked nationwide protests and widespread looting. The 100- bolivar note is worth 3 U.S. cents on the black market for dollars. A Reuters reporter on Thursday saw new 50-...

  • BRASILIA, Dec 28- Brazilian President Michel Temer vetoed on Wednesday part of a bill that gives cash-strapped states a temporary pardon on their debts to the federal government to ease their fiscal woes, raising tensions with Congress over the measure. The lower house of Congress last week surprised the Temer administration by scrapping a clause in the bill...

  • BRASILIA, Dec 28- Brazilian President Michel Temer vetoed part of a bill that gives cash-strapped states a temporary pardon on their debts to the federal government to ease their fiscal woes, presidential spokesman Alexandre Parola said on Wednesday. In a statement, the Finance Ministry said it will continue to work to find a solution to the states' fiscal woes.