Business News South America

  • ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary policy committee meeting. ACCRA- Central Bank of Ghana holds monetary policy committee meeting. TUESDAY, JANUARY 29 PRAGUE- Czech Central Bank Vice-Governor Tomas Nidetzky gives an interview on monetary policy ahead of the February 7 board meeting where the central bankers...

  • SAO PAULO, Jan 18- Avianca Brasil's battle with its aircraft leasing firms intensified on Friday after Brazil's aviation regulator said it would no longer ground 10 of the struggling carrier's planes and another lessor renewed its effort to repossess 10 others. Aircastle Ltd and General Electric Co's GE Capital Aviation Services unit have been trying to...

  • *Crises to keep Trump, Macron, May away from Davos. MILAN, Jan 17- An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Donald Trump, who stole the Davos limelight last year with a rare appearance by a...

  • SAO PAULO, Jan 17- Brazil's aviation regulator said on Thursday it was going to ground 10 planes operated by Avianca Brasil, 20 percent of its fleet, prompting the carrier to go to court seeking to prevent the decision being enforced. Avianca Brasil said in a statement that the announcement by ANAC was "in disagreement with the judicial decision" in a Sao Paulo...

  • Brazil's Economy Minister Paulo Guedes is expected to detail the pension reform proposal at the World Economic Forum's annual meeting in Davos next week, a government source said on Thursday. Brazilian President Jair Bolsonaro's chief of staff earlier this week had said that the government will settle on a model for its pension reform proposal only after...

  • *Crises to keep Trump, Macron, May away from Davos. MILAN, Jan 17- An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Outside the G7, the leaders of Russia and India are shunning Davos, while China- whose...

  • SAO PAULO, Jan 16- Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years. In 2018, Embraer failed to meet several of its projections, coming up at least $250 million short of its...

  • SAO PAULO, Jan 16- Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years. In 2018, Embraer did not meet several of its projections, coming up at least $250 million short of its revenue...

  • Jan 16- Brazilian stocks fell on Wednesday as bank losses weighed on the Bovespa index despite robust gains from the retail and materials sector, while currencies in Latin America weakened against the U.S. dollar. Shares of Brazilian gun maker Taurus Armas SA, which does not trade on the benchmark, fell more than 10 percent after Brazil's government said it is...

  • CARACAS, Jan 16- Yusneiker and Anthonella have been living with their grandmother since their father left Venezuela and its collapsing economy last year for Peru, to try and earn enough to feed them. Two years earlier, their mother fled for the Dominican Republic for the same reason. Yusneiker, 12, and Anthonella, 8, are eating better thanks to hard currency...

  • BENGALURU, Jan 15- Latin American currencies weakened on Tuesday, with the Mexican peso retreating from near three month highs, while stocks were pressured by Brazil shares easing off record highs as investors took profits. "Today the total focus will be on the Brexit vote by the British parliament," said analysts at brokerage ModalMais in Brazil who had said...

  • CARACAS, Jan 15- Venezuela's opposition-run congress on Tuesday approved a measure asking dozens of foreign governments to seek a freeze on bank accounts controlled by the administration of President Nicolas Maduro, according to a draft document seen by Reuters.

  • Jan 15- Brazil's benchmark stock index eased off record-high levels in see-saw trade on Tuesday as banking shares slipped but the retail sector notched robust gains, while most Latin American currencies dipped against a strong dollar. Brazil's real and Chile's peso weakened about 0.1 percent. The head of Mexico's National Farm Council said major farm and...

  • CARACAS, Jan 14- Venezuelan President Nicolas Maduro on Monday raised the minimum wage by 300 percent to 18,000 bolivars per month, around $6.70, as part of routine wage hikes in an economy suffering from annual inflation approaching 2 million percent. Maduro announced the move in a speech in Caracas. Critics in the United States and Latin America, as well as...

  • WASHINGTON, Jan 14- President Donald Trump on Monday predicted the United States would reach a deal with China to end a tit-for-tat trade war, saying Beijing wants to negotiate and that talks are going well. "We're doing very well with China," Trump told reporters at the White House. Trump has vowed to increase tariffs on $200 billion worth of Chinese imports on March...

  • WASHINGTON, Jan 14- President Donald Trump on Monday predicted the United States would reach a deal with China to end a tit-for-tat trade war, saying Beijing wants to negotiate and that talks are going well. Trump, who made the comments to reporters at the White House, has vowed to increase tariffs on $200 billion worth of Chinese imports on March 2 if China fails to...

  • NORBERTO DE LA RIESTRA, Argentina, Jan 14- A rgentine farmer Mario Giustocio looks out at a series of ponds that have formed over a field that should be green with shin-high soy plants by now. Argentina is a major exporter of the oilseed and the world's No. 1 supplier of soymeal livestock feed. The main soy region of Argentina is to the north and is on track to deliver a...

  • SAO PAULO, Jan 11- Brazil's Bovespa has rocketed to a 6.6 percent gain so far this year, making it the world's second-best performing stock market, but exchange data shows a persistent exodus of foreign capital in the early days of a new market-friendly administration. Daniel Gewehr, head of Latin America Equity Strategy for Santander Brasil in Sao Paulo, citing...

  • stance@ Jan 11- Latin American stocks slid amid profit taking on Wall Street on Friday, but were on pace to log a positive week with Brazil's Bovespa hitting record highs. Brazil's benchmark index Bovespa hit several record highs during the week approaching the 94,000 mark, as President Jair Bolsonaro's proposed reforms buoyed investor sentiment.

  • SAO PAULO, Jan 11- Brazilian planemaker Embraer SA on Friday said its board has authorized the company to take steps toward implementing a proposed partnership with Boeing Co, after receiving consent from Brasilia.