Latin America Argentina

  • *The most-active soybean contract on the Chicago Board of Trade was up 0.1 percent at $8.56-1/ 4 a bushel, as of 0114 GMT. *Favourable weather during spring grain sowing in Black Sea producers Russia and Ukraine is increasing the chances of another large grain harvest due to healthy levels of soil moisture, analysts and traders said. *Russia, a major global wheat...

  • NEW YORK, April 24- The euro slumped to a 22- month low against the U.S. dollar on Wednesday after a surprise drop in a leading indicator for economic activity in Germany highlighted the divergence between economic data in the United States and the euro zone. German business morale deteriorated in April, bucking expectations for a small improvement, as trade...

  • On Tuesday, the government charged drug distributor Rochester Drug Co-operative Inc and company executives for their role in fueling the epidemic. Deaths from opioid overdose in the United States jumped 17 percent in 2017 from a year earlier to more than 49,000 according to the Centers for Disease Control and Prevention. China last month listed all...

  • April 24- Latin American stock markets broadly fell on Wednesday, with sharp losses seen among Brazil's stocks as cheer on a pension reform proposal passing a congressional hurdle wore off, while currencies in Latin America were pressured by a firm dollar. The proposal to reform Brazil's giant pension system- much awaited among investors- cleared a...

  • *Announcement of more U.S.- China talks lends some support. PARIS/ SINGAPORE, April 24- Chicago soybeans edged higher on Wednesday, steadying after hitting a 2019 low the previous day, as investors weighed the chances of a U.S.- China trade deal against bumper crop prospects in South America and swine fever in China. The most active soybean contract on the Chicago...

  • WASHINGTON, April 24- President Donald Trump is expected to tout his fight against opioid abuse in remarks in Atlanta on Wednesday, a day after his administration brought its first related criminal charges against a major drug distributor and company executives. On Tuesday, the government charged Rochester Drug Co-operative Inc and executives of the major...

  • BUENOS AIRES, April 23- Argentina is pushing to increase agricultural trade with commodities-hungry China, as farmers on the country's Pampas grains belt prepare for what is expected to be an bumper soybean harvest over the weeks ahead. "We believe Argentina still has a big chance to advance agro-industrial trade and increase its role as a reliable supplier of...

  • Brazil's pensions secretary said details of the government's pension reform proposal were still being ironed out prior to a congressional committee vote in the afternoon, with several local newspapers reporting the government had agreed to alter certain minor provisions. A report said the changes to the proposal agreed by President Jair Bolsonaro's...

  • JUJUY, Argentina, April 23- In an arid, lunar-like landscape in the sunny highlands of northern Argentina, South America's largest solar farm is rising, powered by funding and technology from China. Local officials said they had sought help at home, the United States and Europe without success. The Import-Export Bank of China saw it differently.

  • HONG KONG/ SINGAPORE, April 23- Sri Lanka faces a likely collapse in tourism following Easter Sunday bomb attacks on churches and hotels, which would deal a severe blow to the island's economy and financial markets, and potentially force it to seek further IMF assistance. The International Monetary Fund extended last month a $1.5 billion loan for an extra year...

  • Better-than-expected revenue in North America, along with the company's claim that prices were bottoming out, initially drove shares in the oilfield services giant almost 5 percent higher after it published first quarter results. The Houston- based company, known globally for its investment in post-war Iraq, posted an 11 percent rise in international...

  • progress@ April 22- Latin American currencies weakened in quiet trade on Monday, and most while most regional stock indexes tracked Wall Street lower, pension reform optimism helped Brazil stocks retrace earlier losses to end flat. Brazil's real also turned lower against the dollar, with a closely watched survey showing that economists continue to slash...

  • April 22- Most Latin American stocks dipped in lackluster trade on Monday, in line with world stocks, while Brazil's real rose slightly as investors were encouraged that congress will take up a pension overhaul, while Colombia's peso rose as surging oil prices supported the crude exporter. Returning from Easter extended holidays, stocks in Mexico were little...

  • BUENOS AIRES, April 22- Argentine President Mauricio Macri rode to power in 2015 promising to bolster the farming sector and cut back taxes that had stymied exports. Argentina's farming sector, which brings in more than half of the export dollars in South America's second-biggest economy, is a key barometer for Macri, who has sold himself as a champion of...

  • *Soybean market eyes Latam crops, swine fever in China. In the United States, soybean inventories have swelled as the U.S.- China trade has hurt shipments of American soy to Chinese buyers. China instead made purchases from Brazil, which is expected to harvest a bigger-than-expected crop and remain stiff competition for global export sales.

  • Corn futures were near unchanged, while wheat futures touched a one-month low at the Chicago Board of Trade. In the United States, soybean ending stocks have swelled over the past year due to competition for export business from South American suppliers and as the U.S.- China trade hurt shipments of U.S. soy to Chinese buyers. The most active soybean futures on...

  • SYDNEY, April 18- U.S. soybean futures edged up on Thursday to ease from a 2019- low touched the day before, but gains were checked by expectations of ample South American supply and fears swine fever outbreaks in China could hit demand for oilseeds there. The most active soybean futures on the Chicago Board of Trade were up 0.1 percent at $8.79-3/ 4 a bushel by 0301...

  • BUENOS AIRES, April 17- Argentina will freeze prices on dozens of staple products, including rice, sugar and milk, in a bid to rein in rampant inflation and support hard-hit consumers ahead of national elections at the end of the year. The measures come after inflation sped up to 4.7 percent in March and was running at a 12- month rate of almost 55 percent, a trend that...

  • OSLO, April 17- Equinor has won the right to explore seven blocks offshore Argentina and to run production operations at five of them, the Norwegian oil and gas firm said on Wednesday. Argentina has received bids from 13 companies worth a total of $995 million in its first offshore licensing round, the government said on Tuesday. Equinor entered Argentina in 2017...

  • SHANGHAI, April 17- China plans to gamble on the bulk deployment of its untested "Hualong One" nuclear reactor, squeezing out foreign designs, as it resumes a long-delayed nuclear program aimed at meeting its clean energy goals, government and industry officials said. China, the world's biggest energy consumer, was once seen as a "shop window" for big nuclear...