World Markets Latin America

  • *FTSE 100 down 0.6%, FTSE 250 down 0.2%. July 17- The FTSE 100 index tumbled on Wednesday amid sharp falls in oil majors as investors priced in an overnight slide in crude to one-week lows, while downbeat trading updates knocked chemicals group Johnson Matthey and miner Fresnillo. Shell and BP slipped 1.5% and 2.9% respectively, and were the biggest drags on the...

  • rise@ July 17- Latin American stock indices were subdued on Wednesday as a re-emergence of trade tensions between the United States and China kept investors on the sidelines, but a recovery in oil prices and a soft dollar lifted currencies in the region. MSCI's index of Latin American stocks fell 0.1% with heavy-weights Brazil and Mexico stocks making marginal...

  • *FTSE 100 down 0.2%, FTSE 250 up 0.2%. July 17- Oil majors pulled London's main FTSE 100 index lower on Wednesday as stock market investors priced in an overnight slide in crude to one-week lows, while gains for builder Galliford helped the mid-cap FTSE 250 rise. Shares of Shell and BP were by far the biggest drags on the blue-chip index, pulling the FTSE 100 0.2% lower...

  • MEXICAN FINANCE MINISTER HERRERA SAYS STATE OIL FIRM PEMEX'S BUSINESS PLAN IS FIRST STEP IN DIALOGUE WITH RATINGS AGENCIES, CONVERSATION WILL BE PERMANENT.

  • MEXICAN FINANCE MINISTER HERRERA SAYS WE SHOULD BE CONCERNED ABOUT STATE OIL FIRM PEMEX'S CREDIT RATING, BUT ABOVE ALL NEED TO FOCUS ON BOOSTING FIRM'S PRODUCTION.

  • MEXICAN FINANCE MINISTER HERRERA SAYS MEXICO NEEDS COUNTER-CYCLICAL POLICY TO ADDRESS SLOWDOWN.

  • SAO PAULO, July 16- Brazil and India are expected to sign a memorandum of understanding on production and trade of ethanol when leaders of the two countries meet in Brasilia later this year, an industry group said on Tuesday. Despite the positive tone for November's meeting, Brazil is fighting India in the World Trade Organization because of sugar export...

  • LIMA, July 16- Peruvian President Martin Vizcarra rejected the demand of a regional governor on Tuesday to cancel within 72 hours the construction permit for a copper mining project that has led to protests. Residents from the area bordering Southern Copper Corp's $1.4 billion Tia Maria copper mine project in the south of Peru, which is the second largest...

  • MEXICO CITY, July 16- Mexico will reduce taxes on heavily indebted Pemex by some $7 billion over the next two years, injecting capital for a refinery and higher output, the state-owned oil company reiterated on Tuesday, unveiling parts of a business plan closely watched by investors. Mexico's peso weakened slightly against the dollar during the presentation.

  • MEXICO CITY, July 16- Mexico will reduce the tax burden of heavily indebted Pemex by some $7 billion over the next two years and inject government capital to build a new refinery and raise output from onshore and shallow water fields, the company reiterated on Tuesday. With few new details, the outline of the plan failed to excite markets, and Mexico's peso weakened...

  • DUBAI, July 16- Emirates is to start flights to Mexico with a stopover in Spain, a so-called fifth freedom flight that could anger critics and rival airlines in the United States and Europe. The Dubai state-owned carrier said on Tuesday it would start daily flights to Mexico City International Airport via Barcelona on Dec. 9, the airline's first service to Mexico.

  • BUENOS AIRES, July 16- Argentina's world-famous ranchers are culling their breeding cows at the highest rate in 30 years and tapping Chinese demand for meat in order to help pay their bills as access to credit has dried up for farmers in South American's No. 2 economy. The trend underscores how Argentina's tight monetary policy and sky-high interest rates...

  • SAO PAULO, July 15- Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic bidders, experts on the sector say. Brazil's Cosan SA and Spain's Naturgy Energy Group SA, are among the companies potentially...

  • The real fell about 0.5% after posting its strongest weekly gain since late May, while Sao Paulo- listed shares retreated from record highs made last week after Brazil's lower house of Congress approved the main text of the bill. A central bank indicator showed economic activity in Brazil rose in May, the first increase this year and an indication that the...

  • July 15- Latin American markets had a tepid start on Monday with Brazilian assets subdued as economic worries eclipsed optimism from pensions reform hopes, while currencies in the region were mixed with Argentina's peso dropping on a Moody's outlook cut. Economists cut their 2020 growth forecasts for Latin America's largest economy to a new low, despite...

  • SANTIAGO, July 15- Walmart Chile said on Monday it would resume talks with a union of 17,000 workers who walked off the job last week amid a major push by the global retail giant to automate jobs and slash costs. The walkout has closed at least one fourth of the approximately 400 stores that Walmart Inc operates in Chile. Lider's Inter-Company Union could not...

  • July 12- Mexico has finished calibrating the formula used as a basis for its massive oil hedging program, a finance ministry official said on Friday, clearing a major obstacle for the hedge, the world's largest and most secretive Wall Street oil trade. Mexico buys as much as $1 billion worth of financial derivatives in order to protect its oil-sales revenue for...

  • BRASILIA, July 12- Brazil's government slashed its economic growth forecast for this year to 0.8% from 1.6%, the Economy Ministry said on Friday, blaming continued weakness in the second quarter following the economy's contraction in the first. "Available monthly indicators from the second quarter of 2019 suggest the recovery remains slow," the Economy...

  • BOGOTA, July 12- European planemaker Airbus SE plans to sell more than 1,000 new passenger planes in the next 15 years in Latin America and the Caribbean, meeting about half the demand expected in the region, an executive of the company told Reuters. More than 700 Airbus planes already operate in Latin America and the Caribbean- about 60% of the fleet in service.

  • BUENOS AIRES, July 11- Cold and mostly dry conditions over the past week in Argentina have bolstered wheat planting for the 2019/ 20 season, helping get rid of excess moisture that had delayed sowing in some areas, the Buenos Aires grain exchange said on Thursday. Argentina, a major global wheat exporter, is aiming to plant 6.6 million hectares of the grain, up from 6.2...