Latin America

China and Peru agree to study transcontinental rail link

China and Peru have agreed to study the feasibility of a controversial 5,300 km (3,300 miles) transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.

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U.S., UK, China manufacturing all in slow lane

Manufacturing activity growth remained sluggish in some of the world's major economies in April, suggesting that global economic growth remains "moderate and uneven," as the International Monetary Fund described it in its World Economic Outlook in April.

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GE sees Latin American growth despite turbulence

General Electric Co projects revenue growth in the high single digits for Latin American in 2015 despite difficulties in major markets such as Brazil and Venezuela, the company's chief executive for the region said on Thursday.

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In oil price war, Gulf producers grab market share in Asia

Saudi Arabia's move to slash the price it charges in Asia for its oil this week to the lowest in more than a decade is the latest aggressive action by Gulf states to defend market share in the world's top oil consuming region.

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Spain's Abengoa raises $328 million from U.S. share sale

Spanish renewable energy firm Abengoa (ABG.MC) (ABGek.MC), which is selling assets to cut debt, said it had raised $328 million from selling shares in its U.S. unit after banks underwriting the offer bought more of the stock.

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VW aims to tune into local tastes in latest U.S. turnaround plan

Volkswagen's latest push to become more than just a niche player in the United States builds on a truism the German carmaker has long ignored: tune in to U.S. customers.

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London auction houses target buyers worldwide with Monet, surrealists

The London auction scene is gearing up for another big season, with the two biggest auction houses targeting buyers around the world for evening sales in February expected to generate several hundred million pounds.

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China's Xi woos Latin America with $250 billion investments

Chinese President Xi Jinping pledged on Thursday $250 billion in investment in Latin America over the next 10 years as part of a drive to boost resource-hungry China's influence in a region long dominated by the United States.

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Oil slumps near $59 for first time since 2009 on oversupply

Oil fell to just above $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand.

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Ruble jumps on Russia rate hike, oil pressured

Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the ruble jumped against the dollar after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency.

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AT&T 'intrigued' by Mexico, Latin America : exec

AT&T Inc is "intrigued" by Latin America and especially Mexico and would not rule out an opportunistic deal there even as it seeks to complete its $48.5 billion planned takeover of DirecTV, an AT&T executive said at a conference on Tuesday.

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Rocket Internet and Zalando to unveil listing plans in Sept: sources

German venture capital firm Rocket Internet and Zalando, Europe's biggest specialist online fashion retailer, are both on the brink of announcing plans to list on the Frankfurt stock exchange, several sources with knowledge of the matter said.

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Nearly 400 million Twitter users estimated by 2018: study

Twitter Inc's messaging service will have close to 400 million global users by 2018, mostly in Asia, Latin American and the Middle East, consulting firm eMarketer estimated on Tuesday, far short of the 1 billion once expected.

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Arad Group picks up controlling stake in Mexican water meter maker Cicasa for $2M

Dalia, Israel-based water measurement solutions and services provider Arad Group picked up a controlling stake in Mexico-based water meter manufacturer Cicasa for $2.04 million to gain access to the Latin American market.

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Mars Inc. to acquire Procter&Gamble's pet care brands valued USD2.9 billion

Mars Inc. announced on Wednesday that it would acquire the pet care brand names of Procter&Gamble in a deal valued USD2.9 billion, reported Reuters.

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