United States

Marco Aquino

Peru's Congress renews confidence in cabinet in rare victory for president

Sep 19 2018

LIMA Peru's opposition-run Congress renewed its confidence in the government of centrist President Martin Vizcarra late on Wednesday, averting a political crisis that would have cost him his cabinet and triggered new legislative elections.

CORRECTED-Nexa says to invest $1.17 bln in Peru, Brazil in five years

Sep 17 2018

LIMA, Sept 14 Brazilian mining company Nexa Resources plans to invest some $1.17 billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porto said on Friday.

Peru minister proposes making tax benefit for miners permanent

Sep 06 2018

LIMA Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer.

Dozens of Venezuelans in Peru seek to return home despite crisis

Sep 06 2018

LIMA Dozens of Venezuelans who fled their crisis-stricken country for Peru are seeking to take up a Caracas offer to fly them home, as Venezuelan President Nicolas Maduro seizes on hardships migrants face abroad to shore up domestic support.

Foreign firms offer to help ex-Peruvian copper workers buy smelter

Jul 13 2018

Former workers from Peru's La Oroya metallurgical plant have teamed up with a consortium of Chinese and Swedish companies to buy the dormant mining complex and a small copper mine in partnership for some $139 million, a union leader said on Friday.

Peru central bank to ease dollar reserve requirements in July

Jun 28 2018

LIMA, June 28 Peru's central bank said on Thursday it would reduce reserve requirements for dollar deposits to 35 percent from the current 36 percent, beginning in July, in an effort to boost credit and liquidity in local markets.

Peru's new finance minister sees growth quickening to 4 percent this year

Jun 15 2018

LIMA Peru's new finance minister told Reuters on Thursday he thinks the economy will grow by about 4 percent this year, faster than the government's current view of 3.6 percent, thanks to recovering business confidence and investments.

Peru's finance minister quits over fuel tax hikes, president shifts focus to unpaid corporation tax

Jun 05 2018

LIMA Peruvian Finance Minister David Tuesta resigned on Monday as truck and bus drivers called off plans for a major protest against his fuel tax hikes and the president promised to shift the focus on collecting taxes owed by big companies.

Peru's Minsur lines up financing to start work on Mina Justa this year

May 30 2018

LIMA, May 30 Peruvian miner Minsur expects to secure $800 million to $900 million in financing from a group of banks in August that will put it on track to start building its $1.6 billion Mina Justa copper project toward the end of the year, the company said on Wednesday.

Peru president cancels London-based Tullow's offshore oil contracts

May 23 2018

LIMA The government of Peruvian President Martin Vizcarra canceled his predecessor's decision to award five offshore oil contracts to London-based Tullow Oil PLC shortly before resigning, citing insufficient consultations with coastal residents.

World News

At U.N. podium, Trump to tout protecting U.S. sovereignty

Since U.S. President Donald Trump made his debut at the United Nations a year ago pushing an "America First" policy, he has quit the Iran nuclear deal, the U.N. Human Rights Council and lashed out at some of the closest allies of the United States.