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World Markets Latin America

  • MEXICO CITY _ Amer Movil on Wednesday reported net income of $954.5 million in its first quarter. On a per-share basis, the Mexico City- based company said it had profit of 29 cents. Amer Movil shares have increased 8 percent since the beginning of the year.

  • SAO PAULO _ Fibria Celulose SA on Wednesday reported first-quarter earnings of $189 million. The Sao Paulo- based company said it had net income of 34 cents per share. Fibria Celulose shares have risen 29 percent since the beginning of the year.

  • DETROIT/ SAO PAULO, April 25- General Motors Co is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese consumers, which are due to hit dealerships in 2019.. That "one family" will consist of an expected 2 million units made annually...

  • DETROIT/ SAO PAULO, April 25- General Motors Co is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese consumers, which are due to hit dealerships in 2019.. That' one family' will consist of an expected 2 million units made annually...

  • LIMA 33, Peru _ Cementos Pacasmayo SAA on Tuesday reported first-quarter net income of $9.2 million. The Lima 33, Peru- based company said it had net income of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Two days later she picked up her first-ever online purchase at a mall in Sao Paulo. Reuters has reported that Amazon is eyeing a major warehouse outside Sao Paulo, negotiating a nationwide air cargo deal and lining up local suppliers of everything from personal electronics to perfume and home appliances. But the American giant may struggle to dominate retail...

  • MEXICO CITY, April 24- Mexico's peso bounced back from a steep selloff on Tuesday, boosted by optimism the country would strike a new trade deal with the United States, while worries about elections drove Brazil's currency to a 16- month low. President Donald Trump said that a new North American Free Trade Agreement could be hatched quickly as officials from...

  • President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24- year-old accord. Ministers from the United States, Canada and Mexico responsible for NAFTA met in Washington to try to narrow differences on...

  • President Donald Trump said on Tuesday that a new North American Free Trade Agreement could be agreed quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24- year-old accord. Ministers from the United States, Canada and Mexico responsible for NAFTA met in Washington to narrow outstanding...

  • President Donald Trump said on Tuesday that a new NAFTA trade deal could be completed quickly, as ministers from Canada, Mexico and the United States prepared to meet later in the day to try to work out their differences and hash out an agreement. I could make a deal really quickly, but I'm not sure that's in the best interests of the United States.

  • BUENOS AIRES, April 24- Argentina said on Tuesday it received 32 bids for six road projects requiring around $8 billion in investment, in a big test of how public-private partnerships can help cash-starved Latin American governments beef up infrastructure. Builders from the United States, Colombia and Italy also presented offers. For Argentina, the road...

  • WASHINGTON, April 24- Mexican Economy Minister Ildefonso Guajardo said on Tuesday that flexibility will be needed to hash out an agreement on a new NAFTA deal, as he prepared to meet with his U.S. and Canadian counterparts later in the day. Guajardo also underscored that Mexico would not accept any U.S. tariffs on aluminum or steel, saying that a revised North...

  • MEXICO CITY, April 24- Helicopter booking app Voom expects its new Mexico City operations to capitalize on some of the worst traffic in the world to eclipse the growth it has seen in Brazil, the company's chief executive said. Voom, a subsidiary of France's Airbus, launched in March in the Mexican capital and after setting up last year in Sao Paulo, the second most...

  • SAO PAULO/ BRASILIA, April 24- Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC for $950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil`s Cosan SA Indústria e Comércio and Shell, will have a 20 percent market share in fuel distribution in...

  • CARACAS, April 24- Venezuela's hyperinflation has turned the struggling OPEC nation's once-powerful banks into warehouses of useless cash that are worth a total of only $40 million, according to a Reuters analysis of regulatory data. Although banks such as Citigroup Inc and Spain's BBVA are maintaining operations in the hopes of better times, the value of the...

  • BUENOS AIRES, April 24- Argentina is set on Tuesday to unveil the bidders for six road projects that need around $8 billion in investment, in a big test of how public private partnerships can help cash-starved Latin American governments beef up infrastructure. "Argentina and many others are facing both budget constraints and financing constraints," Finance...

  • Facebook co-founder, Chairman and CEO Mark Zuckerberg testifies before a combined Senate Judiciary and Commerce committee hearing in the Hart Senate Office Building on Capitol Hill April 10, 2018 in Washington, DC.

    Facebook on Tuesday released a rule book for the types of posts it allows on its social network.

  • MENLO PARK, Calif., April 24- Facebook Inc on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence. Facebook for years has had "community standards" for what people can post.

  • President Daniel Ortega withdrew the changes Sunday. The U.S. government on Monday urged people to "reconsider travel to Nicaragua due to crime and protests" and it ordered the families of diplomats to leave the Central American country. Monday's protest was the largest against the government of President Daniel Ortega, the former Sandinista guerrilla...

  • President Donald Trump threatened to make Mexican immigration control a condition of a new NAFTA trade deal on Monday, even as ministers from Canada, the United States and Mexico readied a fresh push to finalize a revamped accord this week. "Mexico, whose laws on immigration are very tough, must stop people from going through Mexico and into the U.S.