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World Markets Latin America

  • BUENOS AIRES, July 20- A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high inflation and a soy crop devastated by drought. Farmers are rushing to plant wheat in the moist conditions left by rainstorms that helped...

  • The gains were broad-based throughout the base metals complex, with zinc and nickel, mainly used in the steel sector, also bolstered by increases in Shanghai steel prices. "There really hasn't been any good news and the Chinese economic data was disappointing, so it looks like a bit of short-covering and technical trading," said Caroline Bain, chief commodities...

  • *Spot gold may test support at $1,204.45/ oz- technicals. Spot gold was trading at $1,224.55 an ounce at 0811. "Geopolitical tensions such as trade war are supporting gold to some extent but investors are still not ready to hedge their bets fully... they think the current situation is only a hiccup and things will smooth out after that," said Naeem Aslam,...

  • BUENOS AIRES, July 20- A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high inflation and a soy crop devastated by drought. Farmers are rushing to plant wheat in the moist conditions left by rainstorms that helped...

  • *Spot gold may test support at $1,204.45/ oz- technicals. Spot gold was down 0.3 percent at $1,218.72 an ounce. "It seems gold cannot really get anything going on the upside," said INTL FCStone analyst Edward Meir.

  • *Spot gold was down 0.2 percent at $1,219.28 an ounce at 0127 GMT. In the previous session, it fell to its weakest since early July last year at $1,211.08 an ounce. *Fed Chairman Jerome Powell in a two-day congressional testimony said he believed the United States was on course for years more of steady growth and reaffirmed expectations for more interest rate rises...

  • SAO PAULO, July 19- Volkswagen AG will furlough about 1,000 workers at its largest factory in Brazil, union representatives said on Thursday, due to weaker economic growth and slumping exports to Argentina. She said Volkswagen expected overall car production in Brazil to increase 12 percent in 2018.. A truckers' strike in late May took the wind out of a gradual...

  • BUENOS AIRES- ECB Executive Board Member Benoit Coeure participates in G20 finance ministers and central bank governors deputies meeting in Buenos Aires, Argentina. BUENOS AIRES- ECB President Mario Draghi and ECB Executive Board Member Benoit Coeure participates in the G20 finance ministers and central bank governors meetings in Buenos Aires, Argentina.

  • SAO PAULO, July 19- World trade tensions pressured Latin America's major indexes on Thursday, falling in line with other global markets, after the European Union said it was preparing possible retaliatory measures if the United States imposes tariffs on EU cars. Mexico's S&P/BMV IPC index fell 0.56 percent while Brazil's Bovespa dropped 1.25 percent.

  • WASHINGTON/ BUENOS AIRES, July 19- The financial leaders of the world's 20 biggest economies meet in Buenos Aires this weekend for the first time since long-simmering trade tensions burst into the open when China and the United States put tariffs on $34 billion of each other's goods. The United States will seek to convince Japan and the European Union to join it...

  • SAO PAULO, July 19- Volkswagen AG will furlough about 1,000 workers at its largest factory in Brazil, union representatives said on Thursday, due to weaker economic growth and slumping exports to Argentina. A truckers' strike in late May took the wind out of a gradual economic recovery in Brazil, weighing on domestic demand. Slower sales in Mexico and Argentina...

  • ISTANBUL/ CARACAS, July 19- Venezuela exported $779 million of gold to Turkey in 2018, according to Turkish government statistics, further evidence that the South American country is shifting its pattern of trade following a wave of sanctions that began last year. The latest data on Turkey's Statistical Institute website show that between January and May,...

  • BERLIN, July 19- A self-styled " Global Business Coalition" of industry groups has urged the Group of 20 leading economies to counter threats to global free trade. President Donald Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors that has sparked retaliatory measures from the European Union, Mexico and Canada.

  • SAN PEDRO GARZA GARCIA, Mexico _ Grupo Aeroportuario del Centro Norte SAB de CV on Wednesday reported second-quarter net income of $36.7 million. The San Pedro Garza Garcia, Mexico- based company said it had net income of 74 cents per share. Grupo Aeroportuario del Centro Norte shares have risen 10 percent since the beginning of the year.

  • The fight for the chance to invest in Oi, Brazil's largest fixed line carrier, reveals a sharp turnaround in investors' perception of a company that flirted with liquidation a year ago. Brazil's consumer-led economic recovery and bets on industry consolidation have boosted interest in the company after three years of battles between shareholders and...

  • WASHINGTON, July 18- President Donald Trump said on Wednesday the United States may hammer out a trade deal with Mexico, and then do a separate one with Canada later, sowing fresh doubts about the future of the North American Free Trade Agreement. "We have had very good sessions with Mexico and with the new president of Mexico, who won overwhelmingly, and we're doing...

  • MEXICO CITY _ Amer Movil on Wednesday reported profit of $42.3 million in its second quarter. The Mexico City- based company said it had profit of 1 cent per share. Amer Movil shares have risen 1.5 percent since the beginning of the year.

  • SAO PAULO, July 17- Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co and Brazilian planemaker Embraer SA if he wins this year's election. Speaking at a business event in Sao Paulo, Gomes called the proposed deal "hostile" to Brazil's interests and a threat to the...

  • BRASILIA, July 17- Brazil's benchmark index rose on Tuesday to its highest level in about six weeks after the head of the U.S. Brazil's Bovespa gained nearly 2 percent, outdoing other major Latin America markets. In prepared remarks before the Senate Banking Committee, Fed Chairman Jerome Powell downplayed the impact of current global trade policy discussions...

  • *Industry monitor Genscape said late on Monday that ExxonMobil has restarted the 47,000 bpd FCC at its Augusta refinery in Italy after it shut down in March because of a fire. * "The medium-range tanker Ainazi is expected to deliver its cargo of Mexican naphtha-- likely cactus-grade-- into Rotterdam around July 26 after loading on July 3 from Pajaritos, where...