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World Markets Latin America

  • The countervailing duties on soy-based Argentina biodiesel could be as much as 64.17 percent, according to a statement from the U.S. Commerce Department. Argentina accounts for two-thirds of U.S. biodiesel imports, which totaled 916 million gallons in 2016, according to U.S. government data. "The compensatory duties imposed result in an immediate stoppage of...

  • President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the trade pact with little sign of a breakthrough coming. "In a joint statement issued at the end of five...

  • President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the trade pact with little sign of a breakthrough coming. "In a joint statement issued at the end of five...

  • President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the trade pact with little sign of a breakthrough coming. "In a joint statement issued at the end of five...

  • President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the trade pact with little sign of a breakthrough coming. "In a joint statement issued at the end of five...

  • President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the trade pact with little sign of a breakthrough coming. "In a joint statement issued at the end of five...

  • President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the trade pact with little sign of a breakthrough coming. "In a joint statement issued at the end of five...

  • Michael J. O'Brien, vice president of corporate and product planning at Hyundai's U.S. unit, said Hyundai's top management has given the green light for development of a pickup truck similar to a show vehicle called the Santa Cruz that U.S. Hyundai currently does not offer a pickup truck in the United States. O'Brien also said Hyundai plans to launch a small SUV...

  • SAO PAULO, Aug 22- Brazilian stocks on Tuesday shot to a six-year high after the government unveiled plans to privatize power utility Centrais Elétricas Brasileiras SA, while Mexican shares rose after data showed the economy kept up steady growth in the second quarter. Brazil's Bovespa stock index rose 2.0 percent, topping the 70,000 mark for the first time...

  • The countervailing duties on soy-based Argentina biodiesel could be as much as 64.17 percent, according to a statement from the U.S. Commerce Department. Argentina accounts for two-thirds of U.S. biodiesel imports, which totaled 916 million gallons in 2016, according to U.S. government data. The compensatory duties imposed result in an immediate stoppage of...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50 percent on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy. The transaction should be concluded by mid-2018 and could involve the sale of new stock to help...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50 percent on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy. The transaction should be concluded by mid-2018 and could involve the sale of new stock to help...

  • Aug 22- Avianca Chief Executive Hernan Rincon said on Tuesday he expects the Colombian airline to become one of only two major international carriers connecting the Latin American region with global destinations. Rincon said in an interview with Reuters in New York that the airline is working to boost its presence in Argentina and Mexico, where parent...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's plan to privatize power holding company Centrais Elétricas Brasileiras SA could help lure investment into the industry rather than simply help cut the budget deficit, officials said on Tuesday as the move sparked a surge in shares of state-controlled firms. The transaction should be concluded by mid-2018, and could...

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. "Unfortunately we are in the worst moment of the relationship with the government of the United States," said Maduro.

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. President Donald Trump should be respectful of each other and that relations between Venezuela and the United...

  • MEXICO CITY, Aug 22- Mexico's economic expansion slowed slightly in the second quarter as expected on the back of a contraction in the oil and gas sectors as well as construction, official government data showed on Tuesday. "Expectations for year-end have improved, a reflection of the favorable performance of the domestic market, the reactivation of external...

  • RIO DE JANEIRO— Authorities on Tuesday approved a corruption probe targeting former President Fernando Collor de Mello and filed charges against the ex-CEO of state oil company Petrobras, both signs that a mammoth graft probe roiling the country is far from over. The Supreme Federal Tribunal, Brazil's highest court, said it was accepting corruption charges...

  • SANTIAGO, Aug 22- BHP Billiton's Escondida copper mine in Chile has recovered from a six-week strike faster than expected, with output now running at normal levels, an executive with the company said on Tuesday. The strike at Escondida, the world's largest copper mine, sent shockwaves through the market in February and March. An early return to the negotiating...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- A proposal to privatize Brazilian utility Eletrobras could improve the efficiency of the power sector rather than simply fix the government's budget issues, officials said on Tuesday, as the company led a surge in shares of state-run firms. Brazil's government will give up its majority of voting shares, but has still not decided...