Business News Peru

  • LIMA, Oct 9- Peru's new economy minister said on Wednesday she saw economic growth for this year at 3% but warned of a "downward bias" due to the global slowdown and a local political crisis in which the president dissolved Congress late last month. Alva, who has the power to issue emergency decrees in the absence of a functioning Congress, said she is considering...

  • *Political confrontation deepens as Congress closed. LIMA, Sept 30- Peru's armed forces and police reaffirmed allegiance to President Martin Vizcarra late on Monday after his move to close Congress prompted dozens of dismissed lawmakers to pledge loyalty to vice president in a deepening political standoff. The closure of Congress has widespread support in...

  • Police stay alert as demonstrators march against corruption in Lima on September 30, 2019. President Martin Vizcarra constitutionally dissolved the Congress, dominated by the opposition, after it refused to suspend a controversial appointment of new members of the Constitutional Court.

    Peru's worst political crisis in two decades threatens unrest in the world's No.2 copper producer and could bring lawmaking to a halt.

  • Hammock-Exit-Plan-Retire-Abroad-Costa-Rica-CNBC.jpg

    A new report by International Living, a guide to retirement abroad, ranks the best destinations by their weather. The locales at the top feature steamy beaches as well as cooler highlands.

  • BRASILIA/ BRUSSELS, Aug 23- European leaders on Friday threatened to tear up a trade deal with South America, reflecting growing international anger at Brazil as a record number of fires in the Amazon rainforest intensified an unfolding environmental crisis. French President Emmanuel Macron called for G7 leaders to discuss the environmental crisis in...

  • BRASILIA/ SAO PAULO, Aug 22- Amid growing international criticism over the wildfires raging through the Amazon, Brazilian President Jair Bolsonaro on Thursday admitted farmers could be illegally setting the rainforest alight but told foreign powers not to interfere. French President Emmanuel Macron and United Nations Secretary General António...

  • LIMA/NEW YORK, Aug 14- Latin American cocoa could soon demand a minimum price of $3,200 per tonne if a proposal from Peru finds support at a gathering of regional producers on Thursday, one month after their counterparts in West Africa announced a shift in how they price beans. Support for a price floor in Latin America has grown since West Africa's pricing reform,...

  • CARACAS, Aug 6- Venezuela's opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela- owned U.S.-based refiner Citgo from seizure by creditors. The move comes after Guaido asked the United States to issue an executive order protecting Citgo, which...

  • CARACAS, Aug 6- Venezuela's opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela- owned U.S.-based refiner Citgo from seizure by creditors. The move comes after opposition leader Juan Guaido asked the United States to issue an executive order...

  • LIMA, Aug 5- Peru is preparing legislation to update the country's mining laws but is unlikely to make any "big changes" on taxes on mining companies, Finance Minister Carlos Oliva said on Monday. President Martin Vizcarra said last week his government would send Congress a proposal to update mining laws that date back to nearly three decades.

  • LIMA, July 16- Peruvian President Martin Vizcarra rejected the demand of a regional governor on Tuesday to cancel within 72 hours the construction permit for a copper mining project that has led to protests. Residents from the area bordering Southern Copper Corp's $1.4 billion Tia Maria copper mine project in the south of Peru, which is the second largest...

  • LIMA, July 9- The head of Peru's tax authority said on Tuesday that Telefonica's local unit partially lost a judicial dispute over some 700 million soles in alleged back taxes, but the company said a payment would be "much lower" than that. Claudia Suarez said during an event in Lima that the Supreme Court had sided with Sunat, Peru's tax superintendence, in two of five...

  • LIMA, July 9- The head of Peru's tax authority said on Tuesday that Telefonica's local unit will have to pay about 700 million soles in back taxes due to a recent judicial ruling, but the company said a payment would be "much lower" than that. Claudia Suarez said during an event in Lima that the Supreme Court had sided with Sunat, Peru's tax superintendence, in two of five...

  • LIMA/ MEXICO CITY, June 13- China's Huawei is in the process of potentially launching its "Hongmeng" operating system to replace the U.S. Data from a U.N. body showed that Huawei Technologies Co Ltd is aiming to trademark the OS in at least nine countries and Europe, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model.

  • LIMA/ SHANGHAI, June 13- China's Huawei has applied to trademark its "Hongmeng" operating system in at least nine countries and Europe, data from a U.N. body shows, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model. Huawei- the world's biggest maker of telecoms network gear- has filed for a Hongmeng trademark in...

  • LIMA/ SHANGHAI, June 13- China's Huawei has applied to trademark its "Hongmeng" operating system in at least nine countries and Europe, data from a U.N. body shows, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model. Since then, Huawei- the world's biggest maker of telecoms network gear- has filed for a Hongmeng...

  • NEW YORK/ MADRID, May 30- The holy grail for apparel brands facing rising uncertainty and cost in their global supply chains is to make their merchandise closer to the point of the sale. Entertainment companies from Walt Disney Co to Dr. "You can list overnight on Amazon all the merchandise that's for sale and then as you book sales you just make it and ship it," said...

  • *Las Bambas is one of Peru's biggest copper mines. *Report contradicts earlier statement from Peru ombudsman. LIMA, May 22- Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday.

  • SYDNEY- Reserve Bank of Australia issues statement on monetary policy- 0130 GMT. WARSAW- National Bank of Poland holds monetary policy council meeting. BUDAPEST- Hungarian Central Bank to publish the minutes of its April 2019 rate-setting meeting- 1200 GMT.

  • WEDNESDAY, MAY 8 BANGKOK- Bank of Thailand monetary policy committee meeting. ZAGREB- Croatia National Bank holds monetary policy meeting. MANILA- Philippines Central Bank holds monetary policy meeting.