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Latin America Argentina

  • 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...

  • NEW YORK, Sept 20- Shares of Argentina's Despegar.com Corp rose after making their stock market debut in New York on Wednesday, giving the Expedia Inc-backed online travel agent a valuation of $1.96 billion. The IPO was priced at $26 a share, at the upper end of Despegar's proposed $23 to $26 range, raising about $332 million. The stock opened at $29.00 on the New York...

  • The 12.8 million-share offering was priced at $26 apiece, at the upper end of Despegar's proposed $23 to $26 per share range, raising about $332 million in proceeds. The stock opened at $29.00 on the New York Stock Exchange and rose to a high of $29.20 in morning trading. Buenos Aires- based Despegar's billion-dollar valuation makes it one of Latin America's first...

  • BUENOS AIRES, Sept 19- Argentine President Mauricio Macri's main bulwark against a comeback by his populist predecessor, Cristina Fernandez, in October's legislative elections is someone whose name is not even on the ballot. Buenos Aires Governor Maria Eugenia Vidal has been handed the role of ensuring that Macri's "Let's Change" coalition wins more votes...

  • Buenos Aires Governor Maria Eugenia Vidal has been handed the role of ensuring Macri's "Let's Change" coalition wins more votes than Fernandez, who is running for a Senate seat in Argentina's most populous province. Investors eyeing Argentina's vast oil and mineral wealth want Macri's coalition to block any chance of his political nemesis Fernandez...

  • WASHINGTON, Sept 18- The WTO dispute settlement system is "deficient" and has often ruled in favor of free trade that overlooks details of a trade agreement, U.S. trade envoy Robert Lighthizer said on Monday. Speaking at the Center for Strategic and International Studies, Lighthizer, a trade lawyer, made clear that the administration was poised to push for major...

  • BUENOS AIRES, Sept 17- Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33 percent stake in a massive subway project in Argentina's capital Buenos Aires, but vowed to keep working in the country. Odebrecht is involved in a sprawling corruption saga and has already paid $3.5 billion in settlements in the United States, Brazil...

  • A businessman looks at a screen displaying a photo of U.S. $100 bank notes in Tokyo.

    With bond yields spending years barely above zero in most developed markets, big money investors are having to get creative to find returns.

  • BUENOS AIRES, Sept 14- Argentina's unemployment rate fell to 8.7 percent in the second quarter, the government's Indec statistics agency said on Thursday, down from 9.3 percent in the second quarter of last year and 9.2 percent in the first quarter of this year. An improving economy could give his candidate a boost over former populist President Cristina...

  • SINGAPORE, Sept 13- Chicago corn futures rose on Wednesday after suffering its biggest one-day decline in almost a month while soybeans gained ground following a four-session losing streak with bargain-buying supporting the market. A surprise increase in the forecast for U.S. corn and soybean yields by the U.S. Department of Agriculture is unlikely to...

  • BRUSSELS/ BUENOS AIRES, Sept 7- Argentina will regain access to the European Union's biodiesel market within three weeks after its successful World Trade Organization challenge to Europe's anti-dumping duties on the fuel. The European Union will by Sept. 28 sharply lower the tariffs it has imposed on Argentine biodiesel for the past four years after EU member...

  • BRUSSELS/ BUENOS AIRES, Sept 7- Argentina will regain access to the European Union's biodiesel market within three weeks after its successful World Trade Organization challenge to Europe's anti-dumping duties on the fuel. The European Union will by Sept. 28 sharply lower the tariffs it has imposed on Argentine biodiesel for the past four years after EU member...

  • Argentinian President Mauricio Macri

    President Mauricio Macri appears determined to advance new reforms and build on his successes as he faces his third year in office.

  • BUENOS AIRES, Aug 30- Argentina's government will forecast economic growth of 3 percent and inflation of 12 percent in 2018 when it presents its budget bill in early September, Senate leader Federico Pinedo told Reuters on Wednesday. "We will be moving towards a lower deficit, much less inflation and more growth," Pinedo, provisional Senate president and a member...

  • SAO PAULO, Aug 29- Brazil is engaged in World Trade Organization committee talks aimed at eliminating potential barriers to poultry and pork exports, with an upcoming summit in December the next opportunity to advance agreements benefiting its farm exports, the head of the WTO said. Brazil has proposed the adoption of strict scientific criteria related to...

  • SAO PAULO, Aug 29- Brazil is engaged in World Trade Organization committee talks aimed at eliminating any potential barriers to poultry and pork exports, with an upcoming summit in December the next opportunity to advance agreements benefiting its farm exports, the head of the WTO said. Brazil has proposed the adoption of scientific criteria related to...

  • BUENOS AIRES, Aug 24- Argentina's government is investigating all options and reserves the right to take legal action over the United States imposing steep duties on imports of its biodiesel, the foreign ministry said in a statement on Thursday. In 2016, 90 percent of the 1.6 million tonnes of biodiesel Argentina exported went to the United States, Argentine...

  • RIO GRANDE, Argentina, Aug 24- On a recent morning, workers wearing blue shirts and black gloves assembled digital TV set-top boxes inside one of the world's most unlikely factory towns. Their employer, BGH SA, for nearly 40 years has been manufacturing consumer electronics here in Rio Grande, a city in the chilly island province of Tierra del Fuego, located at the...

  • RIO GRANDE, Argentina, Aug 24- On a recent morning, workers wearing blue shirts and black gloves assembled digital TV set-top boxes inside one of the world's most unlikely factory towns. Their employer, BGH SA, for nearly 40 years has been manufacturing consumer electronics here in Rio Grande, a city in the chilly island province of Tierra del Fuego, located at the...

  • BUENOS AIRES, Aug 23- Argentina is betting on the reopening of the European market to maintain demand for its biodiesel exports after the United States imposed steep duties on imports, the leader of an industry group said on Wednesday. The World Trade Organization last year ruled in favor of Argentina in a dispute over anti-dumping tariffs the European Union...