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January 29, 2020
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South America / Central America

Reuters - Business

Exclusive: Do or die – Nissan takes the axe to the house Ghosn built

Reuters
YOKOHAMA, Japan (Reuters) – Nissan (7201.T) is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said. FILE PHOTO: Nissan’s Ariya concept car is displayed during the Tokyo......
Reuters - Business

Brazil antitrust regulator gives nod to Boeing-Embraer deal

Reuters
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid BRASILIA (Reuters) – Brazilian antitrust regulator Cade on Monday approved Boeing Co’s (BA.N) purchase of Embraer SA’s (EMBR3.SA) commercial aviation division without restrictions, according......
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Mexico’s America Movil fined 1.3 billion pesos by telecom regulator: filing

Reuters
FILE PHOTO: Mexican billionaire Carlos Slim addresses the audience during an event in Mexico City, Mexico November 27, 2019. REUTERS/Luis Cortes MEXICO CITY (Reuters) – America Movil, the telecoms giant controlled by the family of Mexican bilionaire Carlos Slim, said in a regulatory filing on Monday that it had been......
Reuters - Business

The week in business in five graphics

Reuters
(Reuters) – 1/OUTBREAK FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2020. REUTERS/Brendan McDermid Wuhan in central China is the size of London. But flights to and from the city are canceled, highways are shut and soldiers guard......
Reuters - Business

Take Five: When China sneezes

Reuters
(Reuters) – 1/OUTBREAK FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2020. REUTERS/Brendan McDermid Wuhan in central China is the size of London. But flights to and from the city are canceled, highways are shut and soldiers guard......
Reuters - Business

Electric vehicle maker Rivian: expect prices lower than previously announced

Reuters
MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. The Rivian R1T all-electric truck is pictured......
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Fiat Chrysler asks U.S. court to toss out GM racketeering claims: filing

Reuters
(Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) late on Friday urged a U.S. District Court to throw out General Motors Co’s (GM.N) suit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GM at a multi-billion dollar labor cost disadvantage. FILE PHOTO: Fiat......
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BlackRock, Franklin Templeton eye partnership with Banco do Brasil’s asset management unit: report

Reuters
FILE PHOTO: A man walks in front of Banco do Brasil headquarters building in Brasilia, Brazil October 29, 2019.REUTERS/Adriano Machado SAO PAULO (Reuters) – Asset managers BlackRock Inc., Franklin Templeton and Principal Financial Group are vying for a partnership with state-controlled lender Banco do Brasil’s asset management unit, a Brazilian......
Reuters - Business

Exclusive: Guyana opening search for oil firm to trade its crude – official

Reuters
GEORGETOWN (Reuters) – Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in an interview. Mark Bynoe, the director of Guyana’s Department of......
Reuters - Business

United says does not expect to fly the 737 MAX this summer

Reuters
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo (This Jan. 22 story corrects attribution in first and second paragraphs to Chief Commerical Officer Andrew Nocella from President Scott Kirby) CHICAGO......
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Airlines scour the world for scarce 737 MAX simulators

Reuters
MONTREAL/SYDNEY/WASHINGTON (Reuters) – Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model. An inside view of the Icelandair Boeing 737 MAX......
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Air Niugini delays delivery of four 737 MAX jets until at least 2024

Reuters
A Boeing 737 Max aircraft taxis the runway at the Renton Municipal Airport in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson SYDNEY (Reuters) – Papua New Guinea carrier Air Niugini has updated its contract with Boeing Co (BA.N) to delay the delivery of its four 737 MAX jets on......
Reuters - Business

Mexican union suspends strike threat against Home Depot

Reuters
FILE PHOTO: The logo of U.S. home improvement chain Home Depot is seen after the Mexican trade union Revolutionary Confederation of Laborers and Farmworkers (CROC) accused Home Depot of blocking union activity, in Mexico City, Mexico January 15, 2020. REUTERS/Luis Cortes MEXICO CITY (Reuters) – A top Mexican trade union......
Reuters - Business

Brazil’s Ambev sets ambitious target to end plastic pollution in packaging

Reuters
FILE PHOTO: AmBev (Companhia de Bebidas das Americas) beer crates are pictured in their unit in Fortaleza, Brazil January 10, 2019. REUTERS/Paulo Whitaker SAO PAULO (Reuters) – Brazilian beverages company Ambev SA has set an ambitious target of eliminating plastic pollution in its packaging by 2025, in a push that......
Reuters - Business

Embraer studies turboprop to be developed through Boeing venture

Reuters
DUBLIN (Reuters) – Brazilian planemaker Embraer (EMBR3.SA) is in the advanced stages of studying the launch of a new turboprop aircraft to be developed through a venture it is planning with Boeing, subject to necessary approvals, a top executive said on Monday. FILE PHOTO: Embraer’s commercial aviation chief John Slattery......
Reuters - Business

Global FDI dips, hit by Hong Kong divestment, Brexit: U.N.

Reuters
GENEVA (Reuters) – Global direct foreign investment (FDI) dipped slightly around the world last year, hit by massive divestment in Hong Kong and a drop in flows into Britain due to Brexit uncertainty, the United Nations said on Monday. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound......
Reuters - Business

No turning point in sight as IMF predicts sluggish global growth

Reuters
WASHINGTON/DAVOS (Reuters) – Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said on Monday. FILE PHOTO: Workers erect scaffolding at a construction site of a......
Reuters - Business

IMF cuts global growth forecasts as India falters, says bottom may be near

Reuters
WASHINGTON (Reuters) – The International Monetary Fund on Monday trimmed back its 2020 global growth forecasts due to sharper-than-expected slowdowns in India and other emerging markets but said a U.S.-China trade deal was another sign that trade and manufacturing activity may soon bottom out. FILE PHOTO: Workers erect scaffolding at......

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