Latin America Argentina

  • BUENOS AIRES, Jan 21- Argentina's new government is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors. Economy Minister Martin Guzman said a "debt sustainability" bill sent to Congress on Tuesday afternoon was aimed at creating a legal framework to improve debt terms,...

  • *Global markets spooked by China virus outbreak. Jan 21- Stocks and currencies across Latin America fell on Tuesday, tracking a decline in broader emerging markets amid concerns over a flu-like coronavirus outbreak in China. In Latin America, Brazilian stocks fell about 1.4%, their biggest intraday loss since late-November.

  • BUENOS AIRES, Jan 21- Argentina's new government is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors. Economy Minister Martin Guzman said on Tuesday he would send a "debt sustainability" bill to Congress aimed at creating a legal framework to improve debt terms, interest...

  • BRASILIA, Jan 21- Brazil's right-wing government has entered 2020 doubling down on one of the principal economic policies that marked its first year in office: the controversial view that aggressively slashing spending will spur and accelerate economic growth. In a paper entitled "Expansionary fiscal consolidation in Brazil" published Dec. 31, it argued...

  • BUENOS AIRES, Jan 20- Argentina's economy ministry said on Monday it had exchanged Treasury bills with an original face value of 99.6 billion pesos in a debt swap auction to help push back its repayment schedule amid a wider economic crisis. We have achieved the three objectives we set ourselves: extending the deadlines; lowering the amount and the rate, "Diego...

  • Jan 20- U.S. regulators have moved a step closer toward approving Lithium Americas Corp's Nevada mine for the white metal, launching a review process that could result in final permits to build by 2021.. The U.S. Department of the Interior filed paperwork to ask for public comment over the next year on the Thacker Pass project's environmental impact statement,...

  • BUENOS AIRES, Jan 17- Argentina's economy ministry is planning a debt swap auction relating to Treasury bonds with a face value of over 214 billion pesos that would push back repayments as the South American nation looks to stave off a damaging default. Argentina is looking to restructure its local and foreign debt, which the government has said it is unable to...

  • BUENOS AIRES, Jan 17- International Monetary Fund Managing Director Kristalina Georgieva said on Friday the lender has had "very constructive" exchanges with Argentina's new Peronist government and would do whatever possible to assist the indebted country. "We have had very constructive interactions so far with the new leadership in Argentina," Georgieva...

  • *Palladium hits record of $2,401.98/ oz, eyes best week in 4 years. Jan 17- Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.- China trade deal improved risk appetite. Spot gold rose 0.3% to $1,556.56 per ounce as of 1059 GMT, but was heading for a weekly drop of...

  • BUENOS AIRES, Jan 16- Argentina's central bank said late on Thursday it had cut its benchmark interest rate floor to 50% from 52%, the fourth such cut in just under two months as part of an effort to revive Latin America's No. 3 economy. Argentina is suffering from slumping investment, flatlined growth and rising poverty. President Alberto Fernandez, inaugurated in...

  • LIMA, Jan 16- Peruvian energy and mining minister Juan Carlos Liu said on Thursday he was confident Peru would have regulations for the exploitation of lithium ready in the coming year. Plateau said the deposit could become the worlds biggest lithium mine but identified a lack of regulations on mining radioactive materials in Peru as an obstacle.

  • SANTIAGO, Jan 16- Peruvian energy and mining minister Juan Carlos Liu said on Thursday he was confident the country would have regulations for the local exploitation of lithium ready in the coming year. Plateau said the deposit could become the worlds biggest lithium mine but identified a lack of regulations on mining radioactive materials in Peru as an...

  • GENEVA, Jan 16- People in a number of countries, mostly in Latin America and sub-Saharan Africa, will see their incomes stagnate or decline this year, the United Nations said on Thursday. "For this year there is a hope of a pick-up, but downside risks and vulnerabilities remain very significant," said Richard Kozul-Wright, head of globalization and development...

  • Jan 16- Latin American assets rose on Thursday as China pledged to boost purchases of U.S. goods and services in the two countries' Phase 1 trade deal, while stronger-than-expected economic activity in Brazil lifted the real. Both indexes had declined on Wednesday as weak economic data from Brazil, the region's biggest economy, overshadowed broader optimism...

  • SAO PAULO, Jan 16- U.S.-based financial firm Global Infrastructure Partners is planning a joint bid with Brazil's fuel distribution company Raízen for refineries put on the block by Petroleo Brasileiro SA, two sources with knowledge of the matter said. If this consortium bid is successful, it will mark GIP's first investment in Brazil. Raizen, with more than...

  • BUENOS AIRES, Jan 15- Argentina consumer prices rose 53.8% in 2019, the highest level in 28 years, the country's statistics agency said on Wednesday.

  • Juan Carlos Zuleta, a lithium expert who has worked in Chile and Bolivia, said a deal with a German firm that was aborted last year would remained shelved, while another with a Chinese partner was being reassessed. Bolivia, Chile and Argentina form South American's "lithium triangle. "The U.S. Geological Survey estimates that Bolivia has 9 million tonnes of...

  • SINGAPORE, Jan 15- Chicago wheat futures edged higher on Wednesday, gaining for a second day and trading near a 1-1/ 2 year high, with potential export curbs by Russia underpinning prices. *The most-active wheat contract on the Chicago Board of Trade added 0.3% to $5.70 a bushel as of 0156 GMT. Prices including cost and freight ranged from $248.85 to $249.90 per tonne,...

  • PARIS, Jan 15- A year after the grounding of Boeing Co's 737 MAX sent shockwaves across the aviation sector, its likely return in 2020 promises more upheaval, consultant IBA said on Wednesday. Airlines and lessors face a whiplash effect from the jet's return to service and resulting "capacity glut," IBA said, compounded by uncertainty over the timing of its...

  • WASHINGTON, Jan 14- China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, though some U.S. trade experts call it an unrealistic target. Under the trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in...