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Latin America Argentina

  • SAO PAULO, Oct 13- Loma Negra Cia Industrial Argentina SA plans to raise around $800 million in an initial public offering in Argentina and the United States, as the owner of Argentina's No. 1 cement maker takes advantage of growing investor interest in the nation's companies to cut debt. According to a Thursday securities filing with the U.S. Securities and...

  • SAO PAULO, Oct 13- Loma Negra Cia Industrial Argentina SA, the country's largest cement producer, plans to raise up to $800 million in an initial public offering in Argentina and the United States. Most of the proceeds, around $700 million according to a securities filing, will go to parent company Intercement Brasil SA, which is selling a 32 percent stake in the...

  • BUENOS AIRES, Oct 12- Consumer prices rose 1.9 percent in Argentina in September, government statistics agency Indec said on Thursday, pushing the nine-month inflation reading to 17.6 percent, above the upper band of the central bank's target for the year. In greater Buenos Aires, used as a proxy before the national index was launched in July, prices rose 2 percent...

  • BUENOS AIRES, Oct 12- General Motors Co and its suppliers will invest a total of $500 million in Argentina operations through 2019 to prepare to produce a new Chevrolet model in 2020, the company said in a statement on Thursday. The company will invest $300 million while its supplier network will invest $200 million at the Alvear plant in Argentina's Santa Fe...

  • BRASILIA/ BUENOS AIRES, Oct 6- The European Union farm products offer presented this week during talks in Brasília on a trade deal with the Mercosur bloc was disappointing, negotiators for Brazil and Argentina said on Friday. Brazil's chief negotiator, Ambassador Ronaldo Costa Filho, said the European offer to allow 70,000 tonnes of beef and 600,000 tonnes of...

  • *Weather also in focus for South America planting. PARIS/ SINGAPORE, Oct 6- Chicago corn, wheat and soybean futures were little changed on Friday as investors assessed shifting U.S. and South American weather. The Chicago Board of Trade most-active corn contract was down 0.1 percent at $3.49-3/ 4 a bushel ahead of the resumption of trading for the U.S. day session.

  • SAO PAULO, Oct 6- Further weakness in the Mexican peso is no longer a sure bet after a two-month selloff drove the currency to three-month lows, the latest Reuters poll of market strategists showed, although other Latin American currencies are expected to fall. Uncertainty over the currency's path looms large, with forecasts more spread out than in previous...

  • *U.S. wheat faces competition from Black Sea region. SINGAPORE, Oct 6- Chicago wheat futures edged higher on Friday but the market is on track for its second week of decline with pressure from abundant global supplies. The Chicago Board of Trade most-active wheat contract is down 1.2 percent this week, soybeans are set to finish the week little changed and corn has...

  • BUENOS AIRES, Oct 5- Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said on Thursday. Earlier this year Argentina hired Norway's Spectrum to do a seismic survey in cooperation with state-run oil firm YPF SA.

  • GENEVA, Oct 5- Britain and the European Union plan to send a letter to the rest of the World Trade Organization's 164 members next week, setting out Brexit plans that have already been rejected by seven key agricultural exporters, trade officials said on Thursday. Britain is a member of the WTO in its own right but it has to establish its own distinct membership...

  • U.S. players attend a training session ahead of their 2018 World Cup qualifier soccer match against Guatemala earlier this week.

    It's do or die for the U.S. men's soccer team — and the millions of dollars they could leave behind.

  • However, both were removed because they were deemed too sensitive for beef-producing EU countries such as France and Ireland. The Mercosur countries of Argentina, Brazil, Paraguay and Uruguay had previously said an offer without beef in particular could not lead to a deal. Last week, 11 EU nations led by France and Ireland proposed postponing the farm trade...

  • However, both were removed because they were deemed too sensitive for beef-producing EU countries such as France and Ireland. The Mercosur countries of Argentina, Brazil, Paraguay and Uruguay had previously said an offer without beef in particular could not lead to a deal. Last week, 11 EU nations led by France and Ireland proposed postponing the farm trade...

  • However, both were removed because they were deemed too sensitive for beef-producing EU countries such as France and Ireland. The Mercosur countries of Argentina, Brazil, Paraguay and Uruguay had previously said an offer without beef in particular could not lead to a deal. Last week, 11 EU nations led by France and Ireland proposed postponing the farm trade...

  • BRASILIA, Sept 28- European Union nations led by France and Ireland have proposed postponing a farm trade offer to South America's Mercosur bloc until rules are agreed to avoid unfair competition, diplomats said on Thursday, creating a potential obstacle to a deal. The letter seen by Reuters seeking a postponement was signed by Austria, Belgium, France, Hungary,...

  • BUENOS AIRES, Sept 27- The South American trade bloc Mercosur could seek trade deals with Canada, Australia and New Zealand this year, an Argentine official said on Wednesday, as largest members Brazil and Argentina seek to open their economies. Mercosur, which also includes Uruguay and Paraguay, is working with the European Union to finalize the political...

  • Sept 27- Argentina launched a global auction to buy 1,500 electric rail cars to improve the Buenos Aires metropolitan area transit system, the Transportation Ministry said on Wednesday, in a project that has drawn interest from major engineering firms. Since taking office in December 2015, President Mauricio Macri has launched a major public works push to...

  • BUENOS AIRES, Sept 27- The South American trade bloc Mercosur could seek trade deals with Canada, Australia and New Zealand this year, an Argentine official said on Wednesday, as largest members Brazil and Argentina seek to open their economies. Mercosur, which also includes Uruguay and Paraguay, is working with the European Union to finalize the political...

  • He pointed to city of Buenos Aires mayor Horacio Rodriguez Larreta, Macri's Cabinet Chief Marcos Pena, and Maria Eugenia Vidal, the governor of Buenos Aires and the most popular politician in Argentina, according to several polls. "Mauricio's strategy has always been: in the first two years we can start a transformation, but the point at which we will know if it is...

  • BUENOS AIRES, Sept 21- Argentina is behind on at least $700 million in promised subsidy payments to natural gas producers, hurting oil companies at a time when the government is trying to woo more investment in the nation's energy sector. He took office in December 2015 vowing to jumpstart Argentina's struggling economy and cut a primary fiscal deficit...