Latin America

• Monday, November 22nd 2010 - 19:14 UTC

  Trade among Latinamerican countries expected to increase 22% in 2010

  

  Trade among Latinamerican countries is expected to increase 22% during 2010, which is higher than forecasted, according to the UN Economic Commission for Latinamerica and the Caribbean, Cepal. This follows a drop of 0.9% in 2009 when the full impact of the global crisis.

• Friday, November 19th 2010 - 05:11 UTC

  Venezuelan economy recovering but“15% devaluation” expected in 2011

  

  Venezuela may formally devalue its currency “at least” 15% in early 2011, Barclays Capital said in a report sent via e-mail, changing its position after meetings with Finance Ministry and central bank officials in Caracas.

• Thursday, November 18th 2010 - 21:16 UTC

  Full blown campaign to garner support for Raúl’s Cuban model reforms

  

  The Cuban government has launched an aggressive campaign on its proposed economic reforms as it tries to whip up public opinion enthusiasm and in its own ranks ahead of a Communist Party congress to approve them in April.

• Thursday, November 18th 2010 - 19:53 UTC

  Latinamerica “business climate” steady and in “cautious boom” phase

  

  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.

• Thursday, November 18th 2010 - 16:38 UTC

  Latin America Real Estate Investment 2010 by Alternative Latin Investor

  

  Alternative Latin Investor is proud to present its latest special report, Latin America Real Estate Investment 2010. <br />
  The report covers the commercial, residential and tourism sectors within Brazil, Mexico, Colombia and Peru with special sections on Agricultural Land Investment in Argentina and the massive Panama Pacífico Project.

• Thursday, November 18th 2010 - 02:31 UTC

  Mercosur and Unasur need an institutional framework to keep advancing

  

  Brazilian president-elect Dilma Rousseff must inject more life to the institutional strength of Mercosur and the Union of South American Nations, Unasur, and then push for integration with Central America and the Caribbean, said Marco Aurelio García, President Lula da Silva advisor on foreign affairs.

• Wednesday, November 17th 2010 - 16:10 UTC

  Spanish small businesses invited to take advantage of Latam’s growth

  

  Latin America's economic growth is expected to be two or three times larger than Spain's in the next few years, says a private report by Banco Santander in an effort to encourage Spanish small businesses to take advantage of the growth and job opportunities that the region has to offer.

• Wednesday, November 17th 2010 - 16:08 UTC

  Lula da Silva and Vazquez candidates for Unasur secretary general chair

  

  Brazil’s Lula da Silva and former Uruguayan president Tabare Vazquez are the most probable candidates for the Union of South American Nations, Unasur, secretary general chair, according to Ecuadorean president Rafael Correa. Ecuador currently holds the rotating presidency of Unasur.

• Wednesday, November 17th 2010 - 00:53 UTC

  Geopark drills and tests new oil well in Chile’s Magallanes region

  

  Oil and gas explorer Geopark Holdings Ltd (GPK.L) announced on Tuesday it successfully drilled and tested a new well in the Magallanes Region, extreme south of Chile where it has been operating for several years.

• Tuesday, November 16th 2010 - 23:33 UTC

  Chile’s copper dependency has taken a turn for the worse: 55% of all exports

  

  Chile’s long-term effort to wean itself away from copper dependency appears to have taken a turn for the worse: economist Hernan Frigolett reported that the booming demand for copper has led to extremely high prices (over US$4 per pound), meaning that copper accounted for 55% of the nation’s exports in the second quarter of 2010.