Peruvian president Alan Garcia will be hosting this week his peers from Colombia, Chile and Mexico to subscribe the so-called Pacific (Ocean) Agreement with the purpose of integrating the four countries economies.
New York City followed by Chicago and Houston rank top in the first ever 'American Cities of the Future' ranking compiled by fDi Magazine, belonging to the Financial Times group. Santiago de Chile, Lima (Peru) and Monterrey (Mexico) snatched the top three positions in the Latin America city ranking.
Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.
Brazilian government controlled Banco do Brasil will pay 480 million US dollars for a 51% stake in Banco Patagonia, Argentina’s fourth largest private bank. The deal is pending regulatory approval both banks said in a release.