World Markets Latin America

  • MAIQUETIA, Venezuela, 22 Jun- U.N. human rights chief Michelle Bachelet on Friday urged Venezuela's government to release prisoners who were arrested for peacefully protesting, and confirmed that a delegation would remain in the country to monitor the human rights situation. "It was deeply painful to hear the desire of the victims, of their families, to obtain...

  • BRASILIA, June 21- Brazilian markets rallied on Friday as the increasing likelihood of interest rate cuts at home and abroad, together with rising oil prices and optimism over domestic economic reforms boosted investor sentiment and sent stocks to their highest on record. "It seems obvious to say, but a combination of a dovish Fed and a central bank showing it is...

  • cenbank decision@ June 21- Mexico's peso slipped in subdued volume on Friday and Colombia's currency treaded water ahead of a decision by its central bank on interest rates amid concerns over U.S.- Iran tensions. "We remain of the view that the BCB sits on hold for 2019, at least until pension reform is closer to completion," Sacha Tihanyi, deputy head of emerging...

  • Chief Financial Officer Alberto Velazquez outlined the approach the state-owned oil company known as Pemex will take at a conference in the colonial city of Leon on Thursday. He emphasized that Pemex has no plans to invest in costly and technologically complex deepwater projects in the Gulf of Mexico, but will instead focus its exploration and production...

  • Chief Financial Officer Alberto Velazquez outlined the approach the state-owned oil company known as Pemex will take at a conference in the colonial city of Leon on Thursday. He emphasized that Pemex has no plans to invest in costly and technologically complex deepwater projects in the Gulf of Mexico, but will instead focus its exploration and production...

  • MEXICO CITY/ NEW YORK, June 20- Mexico's state oil producer Pemex is on the brink of making history as the global bond market's largest "fallen angel" ever, but in the eyes of the fixed-income world the debt-laden company has already lost its wings. Earlier this month, Fitch Ratings downgraded Pemex's roughly $80 billion of bonds to speculative grade- or "junk" status.

  • SANTIAGO, June 20- Chile salmon farmer Nova Austral plans to pull the pens it uses to raise salmon from the ocean waters off a national park near the southern tip of Chilean Patagonia, its chief executive said on Thursday. Salmon farmers in Chile have come under increased scrutiny after nearly 700,000 fish swam into the wild last year when a storm damaged pens...

  • LEON, Mexico, June 20- Mexican national oil company Pemex has no plans to invest in deepwater Gulf of Mexico projects during the current government and instead will focus its exploration and production budget in shallow water and onshore areas, the firm's chief financial officer said on Thursday.

  • MEXICO CITY/ NEW YORK, June 20- Mexico's state oil producer Pemex is on the brink of making history as the global bond market's largest "fallen angel" ever, but in the eyes of the fixed-income world the debt-laden company has already lost its wings. Treasuries- have mushroomed in the last month amid investor doubts about Mexican President Andres Manuel Lopez...

  • President Donald Trump and Chinese President Xi Jinping agreed this week to meet at the G20 summit in Japan in late June to discuss how to end a nearly year-long trade war. Trade talks between the United States and China broke down in early May when Trump accused Beijing of making a U-turn on commitments to change its laws to enact sweeping economic and trade...

  • BOGOTA, June 20- Canada's Continental Gold is on track to open a mine in Colombia in 2020 that will be the country's first large-scale underground gold project in years. Other multinational mining companies looking to kick off similar projects in Colombia have struggled amid legal, financial and licensing troubles and environmental and community...

  • BRASILIA, June 19- Brazil's central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, noting that inflation risks had evolved "favorably" amid a stalled economic recovery, but progress on economic reforms remained uncertain. Policymakers said recent economic data indicated that Brazil's economic recovery had been...

  • The intense rains, which affected the provinces of Buenos Aires- the country's main wheat district- and Entre Ríos, reached to levels as high as 150 millimeters in some areas over the weekend period and on Monday. "There are areas in Entre Ríos and Buenos Aires that were already doing planting work. Buenos Aires and Entre Ríos should make up around 45% of the 6.48...

  • June 19- Latin American currencies firmed on Wednesday, with Brazil's real and Mexico's peso reversing session losses to trade higher after the Federal Reserve signaled possible rate cuts of as much as half a percentage point in 2019. Brazil's real was up 0.2%, reversing losses of up to 0.6% logged earlier in the day, while Mexico's peso rose 0.1%, recovering...

  • BOGOTA, June 19- The credibility of Colombia's fiscal targets are deteriorating, the director of Latin American sovereign ratings for Fitch said on Wednesday, as the economy of the Andean nation looks set to grow less than the government had predicted. The ministry has reduced its capital market internal debt target for 2019 and projected it will sell between...

  • June 18- Latin American currencies firmed on Monday, with the Mexican peso hitting its highest in more than two weeks, boosted by the European Central Bank president's dovish comments. In Mexico, President Andres Manuel Lopez Obrador proposed holding a recall referendum on his presidency on March 21, 2021, if Congress cannot agree to a constitutional change...

  • *Spot gold was steady at $1,340.51 as of 0126 GMT. *U.S. gold futures were almost unchanged at $1,343 an ounce. *The European Central Bank is also holding a forum in Portugal this week, with the Bank of Japan set to hold its policy meeting later in the week.

  • BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive as the head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after Bolsonaro publicly criticized him. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government and later was...

  • BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive to as the new head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after he was publicly criticized by Bolsonaro. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government...

  • SAO PAULO, June 17- Brazilian pork and poultry processors, who have benefited from strong exports to China amid the African swine fever outbreak, are starting to feel the pinch now at home as prices soar for corn, the main ingredient in animal feed. The price spike has drawn comparisons to a corn supply squeeze in 2016, when a drought in Brazil hurt the local crop,...