Business News Central America

  • Feb 20- Millicom International Cellular, a cable and mobile operator in Latin America and Africa, said on Wednesday it has bought for $1.65 billion the mobile telecommunications assets of Spain's Telefonica in Panama, Costa Rica and Nicaragua.

  • WEDNESDAY, FEBRUARY 20 JOHANNESBURG, South Africa- South Africa Finance Minister Tito Mboweni to present 2019 budget to parliament- 1200 GMT KINGSTON- Bank of Jamaica holds interest rate announcement and monetary policy report. JAKARTA- Indonesia Central Bank holds board of governors' meeting. SYDNEY- Appearance by Philip Lowe, Reserve Bank of Australia...

  • MEXICO CITY, Feb 15- Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said on Friday, promising to do "whatever is takes" to strengthen its finances and prevent a further credit downgrade. It now holds roughly $106 billion in financial debt, the highest of any national oil...

  • CARACAS, Feb 13- Venezuela's opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday, in an effort to wrest the OPEC nation's oil revenue from increasingly isolated socialist President Nicolas Maduro. President Donald Trump, which backs Guaido, imposed sanctions on Venezuela's oil sector on Jan. 28, aimed...

  • CARACAS, Feb 13- Venezuela's opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday, in an effort to wrest the OPEC nation's oil revenue from increasingly isolated President Nicolas Maduro. President Donald Trump, which backs Guaido, imposed sanctions on Venezuela's oil sector on Jan. 28, aimed at curbing...

  • The hidden beach in Marietas Islands, Puerto Vallarta. Mexico.

    Browsing for an affordable retiree haven? Take a look at Panama. What you need to know about retiree discount programs in Central and South America.

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers, especially in...

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers, especially in...

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward Asia since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers in Asia and to...

  • Feb 11- Foreign partners of Venezuela's PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, three people familiar with the matter said. The sanctions on Petroleos de Venezuela, imposed last month in an attempt to dislodge Venezuelan...

  • CARACAS, Feb 9- Venezuela's state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday. PDVSA's move comes after the United States imposed tough, new financial sanctions on Jan. 28 aimed at...

  • CARACAS, Feb 9- Venezuela's state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia's Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday. Even after a first round of financial sanctions in 2017, PDVSA's joint ventures managed to keep...

  • CARACAS, Feb 9- Venezuela's state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia's Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday. PDVSA's move follows tough new U.S. financial sanctions imposed on Jan. 28 and aimed at blocking...

  • Feb 9- Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its U.S. refining subsidiary, Citgo Petroleum Corp, according to people close to the matter. Citgo is facing unprecedented challenges to its finances and management after the U.S. government last week imposed tough sanctions...

  • Feb 9- Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors at its U.S. subsidiary, Citgo Petroleum Corp, according to people close to the matter.

  • MEXICO CITY, Feb 8- Starbucks Corp is unlikely to cede its leading position in China, the company's fastest-growing major market, to Chinese startup Luckin in 2019, Starbucks CEO Kevin Johnson said in an interview on Thursday. "Just this last quarter we entered 10 new cities in China," he said, adding that each of those cites is larger than Los Angeles, the sprawling...

  • MEXICO CITY, Feb 8- Starbucks Corp is unlikely to cede its leading position in China, the company's fastest-growing major market, to Chinese startup Luckin in 2019, Starbucks CEO Kevin Johnson said in an interview on Thursday. "Just this last quarter we entered 10 new cities in China," he said, adding that each of those cites is larger than Los Angeles, the sprawling...

  • *Aid reaches Colombia border town, not entering Venezuela yet. CUCUTA, Colombia/ TIENDITAS, Venezuela, Feb 7- T rucks carrying humanitarian aid for crisis-stricken Venezuela arrived in the Colombian border city of Cucuta on Thursday as diplomatically-isolated President Nicolas Maduro appeared set to block its entry amid an escalating political crisis.

  • MEXICO CITY, Feb 7- Mexican cement producer Cemex on Thursday reported a loss for the fourth-quarter, missing analyst expectations' for a profit and sending shares lower. Monterrey- based Cemex, one of the world's largest cement producers, reported a net loss of $37 million for the quarter, when analysts had expected a profit of $136 million, according to a Reuters...

  • Global demand for cement is seen rising 1.5 percent this year, mainly due to higher demand in China, which consumes more than half of the world's cement. The World Cement Association forecasts demand in China could grow by 0.5 percent in 2019 after two years of declines. The company said total net sales rose to $3.5 billion in the quarter ended December, while net...