World Markets Latin America

  • *Venezuela sells oil invoices to Russia at discount Russia pays Venezuela, collects cash from buyers Arrangements keep money flowing despite U.S. sanctions Venezuelan dependence on Russia growing. The sales are the latest sign of the growing dependence of Venezuela's cash-strapped government on Russia as the United States tightens a financial noose...

  • RIO DE JANEIRO, April 18- Brazilian President Jair Bolsonaro said on Thursday that he had "initial sympathy" toward the idea of privatizing state-run oil company Petroleo Brasileiro SA, a comment that gave the company's shares a minor jolt. Bolsonaro made the comment to national broadcaster GloboNews at an event in Sao Paulo. On Wednesday, Economy Minister Paulo...

  • SANTIAGO, April 18- Chile's Cochilco state copper commission on Thursday held its estimate for the price of copper at $3.05 per pound, rising to $3.08 for 2020 on improving prospects for growth in China. Cochilco said production this year in Chile, the world's top copper producer, would increase 2.2 percent over 2018 to 5.96 million tonnes. Mining Minister Baldo...

  • MIAMI/ WASHINGTON, April 17- The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela's socialist president, Nicolas Maduro. President Donald Trump's decision, which the State Department said could unleash hundreds of...

  • RIO DE JANEIRO/ SAO PAULO, April 17- Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference. In an impromptu news conference at the Rio de Janeiro headquarters of Petrobras, as...

  • **SEOUL- Bank of Korea's monetary policy board meets 0100 GMT. BUDAPEST- Hungarian Central Bank Deputy Governor Ferenc Gerhardt's six-year term in the nine-member Monetary Council expires. THURSDAY, APRIL 25 MANILA- Asian Development Bank President Takehiko Tadao talks to the Foreign Correspondents Association of the Philippines on the bank's priorities...

  • HOUSTON/ MEXICO CITY, April 17- Spain's Repsol has suspended its swaps of refined products for crude with Venezuela's state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela. The Spanish oil company has been swapping fuel and waiving payments due from a joint venture...

  • SANTIAGO, April 17- China's Tianqi Lithium Corp said on Wednesday it would nominate two Chileans and a U.S. businessman to the board of lithium miner SQM, candidates seen as' safe choices' for the world's No. 2 lithium producer as it faces booming demand. Tianqi's U.S. nominee, businessman Robert Zatta, worked as a chief financial officer until 2015 for Rockwood...

  • LIMA, April 17- Peru's former president Alan Garcia died in a hospital in Lima on Wednesday, hours after shooting himself in the head to avoid arrest in connection with a bribery probe, authorities said on Wednesday. While three former presidents in Peru have also been ordered to jail in connection with Odebrecht, Garcia had blamed his legal troubles on political...

  • SAO PAULO, April 17- Japan's Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world. Brazil, which is South America's largest auto producer, has largely resisted the shift toward electric and hybrid vehicle...

  • April 17- U.S. railroad operator Kansas City Southern on Wednesday reported a first-quarter profit that topped Wall Street's estimate, boosted by an increase in refined fuel and grain shipments to Mexico. Shares in the company, which gets one-third of its revenue from Mexico, jumped 2.6 percent to $121 in early trading. Car loads fell 1 percent, largely due to...

  • BRASILIA, April 16- Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged and Brazil's president has no intention of meddling in Petrobras' internal affairs, high-ranking government officials said on Tuesday. After a meeting of high-ranking officials in Brasilia on Tuesday, the government sought to portray the Friday incident as...

  • BRASILIA, April 16- Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged and Brazil's president has no intention of meddling in the firm's internal affairs, high-ranking government officials said on Tuesday. In separate comments, Economy Minister Paulo Guedes acknowledged that Bolsonaro had been responding to political...

  • April 16- U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. The three blocks will add about 2.6 million net acres to Exxon's existing holdings in Argentina, the company said. Exxon's existing Argentina holdings include 315,000 net acres spread over seven blocks in...

  • April 16- Latin American stocks rose on Tuesday in line with world stocks as positive data from China and Germany boosted investor sentiment, while currencies in the region slid against a firm dollar. World stocks hit a more than six-month high on Friday as signs of stabilization in China's economy and positive data from Germany buoyed sentiment.

  • NEW YORK, April 16- From the dusty town in Honduras where thousands are fleeing violence to the currents of the Rio Grande, Reuters photographers walked, waded and flew to capture images of thousands of Central American migrants seeking asylum in the United States. "It was important to us to have photographers from different backgrounds," said Claudia Daut,...

  • SANTIAGO, April 16- Amazon Web Services, a unit of Amazon.com Inc, said it will help astronomers in Chile crunch huge troves of data using its cloud computing services, a symbolically important step for the retail-to-entertainment giant as it looks to expand in Latin America. Amazon will store data and night-sky images gleaned from telescopes in Chile's nearly...

  • SAO PAULO, April 15- Brazil's House Speaker Rodrigo Maia said on Monday he expects the committee in charge of analyzing the pension reform to approve the beginning of its discussion on Tuesday.

  • LONDON, April 15- Funds have this year played copper from the short side and from the long side but with little success either way. The London Metal Exchange contract has since late February been treading water in a $6,300- 6,550 range with an absence of clear chart signals. On Monday, it was trading around $6,470 per tonne.

  • LIMA, April 15- Peru's economy expanded by 2.09 percent in February year-on-year driven by an increase in external demand, data from state statistics agency INEI showed on Monday. The economy also grew 3.83 percent in the last 12 months through February, the agency said, adding that February marked 115 months of uninterrupted growth. High international demand...