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Business Central America

  • NEW YORK- Huge logistical problems from power failures and navigational hazards roil the massive New York Harbor oil hub in the wake of Hurricane Sandy, threatening widespread delays in fuel deliveries off the New York Mercantile Exchange's futures contracts (STORM-SANDY/CME-DELIVERIES, moving shortly, 800 words).

  • *U.S., Japan fiscal problems, euro crisis main economic risks. TOKYO, Nov 1- Japan's government is ready to compromise with the opposition to pass a crucial bill needed to prevent a crippling funding shortfall, Vice Finance Minister Tsutomu Okubo said on Thursday, urging the opposition to spell out terms.

  • WASHINGTON, Oct 31- A U.S. free trade agreement with Panama went into force on Wednesday, five years after it was originally negotiated, opening the way for increased U.S. exports as the Central American country continues its canal expansion project.

  • MEXICO CITY, Oct 31- The International Monetary fund should soon renew a flexible credit line for Mexico worth $72 billion to guard against financial turmoil, Mexican central bank governor Agustin Carstens said on Wednesday.

  • ``This trade deal will guarantee access to Panama's $20.6 billion services market and more than $15 billion in infrastructure projects...

  • *Latin America offers Spaniards hope for work. MEXICO CITY/ MADRID Oct 31- After joining the euro in 1999, Spain's economic boom made it the land of opportunity for millions of Latin American migrant workers.

  • *Arabica market under pressure from Brazil producer selling. LONDON, Oct 31- Arabica coffee futures slipped on Wednesday, pressured by selling from top grower Brazil, while dry weather was expected to aid the country's sugar harvest, weighing on sugar prices. Cocoa was near unchanged in both London and New York.

  • *Appeal aimed at G20 meeting in Mexico this week. GENEVA, Oct 31- The world's leading economies must revitalise both global trade and investment in developing countries to counter a new slowdown in economic growth, three key international organisations said on Wednesday.

  • MEXICO CITY, Oct 30- Mexico's president-elect, Enrique Pena Nieto, will present a tax reform bill during his first year in office, his top aide said on Tuesday, without providing any details on the plan.

  • OTTAWA, Oct 30- This weekend's meetings of the Group of 20 leading nations are likely to keep pushing Europe and the United States to confront their debt troubles, Canadian Finance Minister Jim Flaherty said on Tuesday.

  • MEXICO CITY, Oct 30- Mexican cement maker Cemex said on Tuesday it would join a clean energy fund that is expected to raise $300 million through a public offer of certificates on the Mexican stock exchange. In February, the Monterrey- based company said it planned to create an investment fund this year that would finance some $1 billion in energy projects.

  • *Canada already engaged in other major trade talks. OTTAWA, Oct 29- Canada and Japan will launch their first full round of bilateral trade negotiations next month, Trade Minister Ed Fast said on Monday, the latest in a series of bilateral talks Canada has begun with trade partners with multilateral efforts stalled.

  • LONDON, Oct 29- Global banking regulators are investigating why banks use such a wide variety of ways to assess risk amid fears the current method for calculating capital safety cushions is not safe and is being gamed.

  • TORONTO, Oct 29- Production at General Motors Co's Oshawa, Ontario, plant slowed to a crawl on Monday as a strike at Lear Corp cut off supplies of car seats used in vehicles assembled there, the Canadian Auto Workers union said.

  • BOGOTA, Oct 29- Mexico's top cement maker Cemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from Oct. 29 to Nov. 6, the company said. Cemex has set a range of between 11,000 and 13,500 Colombian pesos per share for the offering of about 24 percent of its Cemex Latam Holdings unit.

  • PANAMA CITY, Panama-- Panama's government has repealed a measure to sell state-owned land in a duty-free zone along the Panama Canal following a week of sometimes violent protests.

  • FRESNO, Calif.-- Two decades ago, Mi Pueblo Food Center began modestly as a small butcher shop run by an illegal immigrant. "We are feeling what is happening to us in a way that most companies might not, because we are founded by an immigrant and depend on immigrants to survive," said Perla Rodriguez, spokeswoman for the San Jose, Calif- based company.

  • MEXICO CITY, Oct 26- Mexico's central bank said on Friday it could tighten monetary policy soon for the first time in four years if inflation persists and price pressures do not abate.

  • *Declines to say directly if Spain should seek aid. Mexico will host finance ministers and central bankers from the bloc of advanced and developing countries next weekend at a meeting that is expected to focus heavily on Europe's ongoing debt crisis, with Spain tipped as the next country to seek aid.

  • Shares of Dean Foods Co spin-off closed at $16.75 after pricing at $17 on Thursday evening. Reuters reported late on Thursday that Mexico's Grupo Lala, Michael Foods and Apollo were eyeing the Morningstar business, which could be valued between $1 billion and $1.5 billion.