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World Markets Latin America

  • SANTIAGO, Chile _ Orosur Mining Inc. on Monday reported a fiscal second-quarter loss of $251,000, after reporting a profit in the same period a year earlier. The Santiago, Chile- based company said it had a loss of less than 1 cent on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment Research.

  • DETROIT, Jan 15- Fiat Chrysler Automobiles NV's has no intention of breaking up the company or selling individual brands to China or other parties, the company's chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. "We're not going to break up anything," Chief Executive Sergio Marchionne said at a news...

  • SILAO, Mexico/ DETROIT, Jan 15- General Motors Co's assembly plant in Silao, a city in Mexico's automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year. President Donald Trump follows up on threats to dump the North American...

  • People walk past a currency exchange shop displaying a giant US dollar in downtown Cairo, Egypt on November 3, 2016.

    Egypt is grappling with domestic tensions, and has the uncertainty of a presidential election on the horizon. Yet investors appear unfazed.

  • RIO DE JANEIRO, Jan 13- Brazilian Finance Minister Henrique Meirelles said on Saturday that a recent decision by Standard& Poor's to cut the nation's credit rating will not affect 2018 economic growth. Speaking to journalists in Rio de Janeiro, Meirelles added that he was expecting close to 2.5 million jobs to be created in Brazil this year and gross domestic...

  • NAIROBI, Kenya— President Donald Trump's vulgar insult of Africa was a puzzle for many foreign media organizations, which didn't have a ready translation of his epithet for their readers or listeners. While meeting with senators on immigration, Trump questioned why the United States would accept more immigrants from Haiti and "shithole countries" in Africa,...

  • recovers@ SAO PAULO, Jan 12- Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard& Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a...

  • LIMA, Jan 12- Peruvian prosecutors raided the offices of local construction conglomerate Grana y Montero, Brazilian builders OAS and Andrade Gutierrez and other companies on Friday, the attorney general's office said on Twitter. Prosecutors in Peru have been probing construction companies to determine if they colluded to secure contracts or took part in...

  • SAN SALVADOR, Jan 12- Alexander Ramos was deported to El Salvador from the United States seven years ago, forced to leave jobs as a gardener and at McDonald's after getting caught driving without a license. Teleperformance has worked with Apple Inc, and said on its website that its El Salvador location serves seven international clients, mainly from the United...

  • MEXICO CITY, Jan 11- Mexico's finance minister on Thursday labeled the U.S. tax law overhaul passed by Congress in December as "regressive" and said the Mexican economy would remain competitive without sweeping cuts to corporate tax rates. The Republican-controlled U.S. Congress defied opposition from Democrats to pass the bill and give President Trump his...

  • DETROIT, Jan 11- Fiat Chrysler Automobiles said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker's profit should President Donald Trump pull the United States out of the North American Free Trade Agreement. If the United States exits NAFTA, it could mean that...

  • BRASILIA, Jan 11- Ratings agency Standard& Poor's cut Brazil's credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a...

  • DETROIT— Fiat Chrysler is moving production of heavy-duty trucks from Mexico to Michigan and paying bonuses to U.S. workers in response to the passage of U.S. tax reform late last year. The automaker will invest $1 billion in its Warren Truck Assembly Plant to make the Ram Heavy Duty Truck starting in 2020. That truck is currently made in Saltillo, Mexico, where...

  • DETROIT, Jan 11- Fiat Chrysler Automobiles said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move the automaker said was enabled "by the passage of U.S. tax reform legislation" in December. President Donald Trump has threatened to force the rollback of the North American Free Trade Agreement, which...

  • BRASILIA, Jan 11- Ratings agency Standard& Poor's cut Brazil's credit rating on Thursday as doubts grew about the result of a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a stable outlook, citing...

  • INDIANAPOLIS, Jan 11- More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure. In return, the company received $7 million in state tax breaks to stay in Indiana.

  • INDIANAPOLIS, Jan 11- More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure. In return, the company received $7 million in state tax breaks to stay in Indiana.

  • MEXICO CITY, Jan 11- The leader of one of Mexico's top business lobbies said on Thursday the private sector was open to discussing rules of origin for autos produced in North America, a major sticking point in talks to renegotiate the NAFTA trade pact. A U.S. proposal put forward in October to increase the minimum regional content for autos, and mandate that half of...

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...