Business News Central America

  • Feb 24- State-run PDVSA has shifted several oil cargoes from Rosneft Trading SA, which was hit by U.S. sanctions last week, to another affiliate of the Russian oil giant, internal documents from the Venezuelan company showed, prompting the U.S. special envoy to warn that more firms could be penalized if they "play games." Rosneft absorbed TNK Trading International...

  • *FTSE 100 down 3.3%, FTSE 250 down 3%. Feb 24- London's FTSE 100 recorded its worst one-day performance in more than four-and-a-half years on Monday, in a fall that wiped $65 billion off companies' market value, as a jump in coronavirus cases outside China set off fears of a pandemic. The FTSE 100 fell 3.3%, tracking declines across the world, as sharp rises in new cases in...

  • LONDON, Feb 20- A new "freshwater" charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus. The Panama Canal, one of world's busiest shipping routes, which handled nearly 14,000 transits last year,...

  • MEXICO CITY, Feb 19- Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street Journal reported on Wednesday. Pena Nieto has become embroiled in the investigation of Emilio Lozoya, the former chief executive of Mexico's state oil firm Petróleos Mexicanos, or Pemex.

  • MEXICO CITY, Feb 19- Former Mexican President Enrique Pena Nieto is being investigated as part of a corruption probe by Mexican law enforcement, the Wall Street Journal reported on Wednesday. Pena Nieto has become embroiled in the investigation of Emilio Lozoya, the former chief executive of Mexico's state oil firm Petróleos Mexicanos, or Pemex.

  • MEXICO CITY, Feb 14- Mexico's oil regulator fired 18 employees on Friday that formed part of a unit responsible for supervising some 100 exploration and production contracts won at auction by private companies including U.S.-based Exxon Mobil Corp and Britain's BP. The regulator, known as the National Hydrocarbons Commission or CNH, said in a statement the...

  • MEXICO CITY/ MADRID, Feb 12- Spanish police on Wednesday arrested Emilio Lozoya, the former chief executive of Mexico's state oil firm Pemex, giving President Andres Manuel Lopez Obrador his first high-profile win in his government's anti-corruption drive. Lozoya, who has not been seen publicly since mid-2019, is accused in Mexico of corruption related to a...

  • MEXICO CITY, Feb 12- Mexican cement producer Cemex SAB de CV on Wednesday reported a bigger quarterly loss as sales fell in all its markets except the United States, triggering a sharp drop in its shares. The company's net loss widened to $238 million in the fourth quarter, from $37 million a year earlier, while total net sales were flat at $3.3 billion.

  • Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. "We hope to work more collaboratively with both Mexico and Canada to find export facilities to get the coal from Wyoming," and other states in...

  • Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. "We hope to work more collaboratively with both Mexico and Canada to find export facilities to get the coal from Wyoming," and other states in...

  • Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. "We hope to work more collaboratively with both Mexico and Canada to find export facilities to get the coal from Wyoming," and other states in...

  • MINERALNYE VODY/ MOSCOW, Russia, Feb 7- Russia said on Friday it needed more time to decide whether to join any additional oil output cuts by OPEC, saying U.S. crude production growth would slow and global demand remained solid. Energy Minister Alexander Novak was speaking as the Organization of the Petroleum Exporting Countries pushes Moscow to make a decision...

  • TOKYO, Feb 7- Oil prices edged higher on Friday after Russia said it would support a recommendation for OPEC and other producers to cut their output further amid falling demand for crude as China battles the coronavirus epidemic. A panel advising the Organization of Petroleum Exporting Countries and allies led by Russia, known as the OPEC+ group, suggested...

  • TOKYO, Feb 7- Oil prices climbed on Friday after Russia said it backs a recommendation for OPEC and other producers to deepen output cuts amid falling demand for crude as China battles the coronavirus epidemic that has hit global markets. A panel advising the Organization of Petroleum Exporting Countries and allies led by Russia, known as the OPEC+ group,...

  • TOKYO, Feb 7- Oil prices rose on Friday after Russia said it backs a recommendation for the OPEC and its producer allies to deepen output cuts amid contracting demand for crude as China battles the coronavirus epidemic that has hit global markets. Oil prices have fallen by more than a fifth since the outbreak of the virus in the city of Wuhan in China.

  • NEW DELHI/ WASHINGTON, Feb 6- India's Reliance Industries and U.S.-based Chevron Corp on Thursday defended their business with Venezuela from White House criticism, noting that their marketing agreements and operations in the OPEC nation have been approved by Washington. The White House imposed sanctions early last year on state-run oil company PDVSA as...

  • MEXICO CITY, Feb 6- Russia supports a recommendation an OPEC+ technical panel made for a provisional cut in oil output of 600,000 barrels per day in response to the coronavirus' impact on energy demand, Foreign Minister Sergei Lavrov said on Thursday. The recommendation to provisionally cut production was made by the Joint Technical Committee- a...

  • CARTAGENA, Colombia, Feb 6- Colombia will seek Latin American investors for its domestic debt to diversify its range of bond holders and improve the liquidity and resilience of the debt market, a finance ministry official said on Thursday. Over the last decade Latin America's fourth-largest economy has mainly sold its bonds- its biggest source of financing...

  • NEW DELHI/ WASHINGTON, Feb 6- India's Reliance Industries and U.S.-based Chevron Corp on Thursday defended their business with Venezuela from White House criticism, noting that their marketing agreements and operations in the OPEC nation have been approved by Washington. The White House imposed sanctions early last year on state-run oil company PDVSA as...

  • NEW DELHI/ WASHINGTON, Feb 6- India's Reliance Industries and U.S.-based Chevron Corp on Thursday defended their business with Venezuela from White House criticism, noting that their marketing agreements and operations in the OPEC nation have been approved by Washington. The White House on Wednesday warned several oil companies, including Reliance,...