Latin America

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.
Tuesday, November 16th 2010 - 22:40 UTC
Cuba to further open its economy and eliminate double currency system

The Cuban government admitted it will have to amend several laws and decrees before implementing a plan of updating the Socialist economic model, the official Granma daily reported this week. This includes eliminating the double currency system.
Tuesday, November 16th 2010 - 22:35 UTC
Russia joins the oil rush in Cuba’s Gulf of Mexico coast

Russian energy firm Gazprom has joined a growing list of foreign companies searching for oil off Cuba's coast.
Tuesday, November 16th 2010 - 22:35 UTC
HMS Manchester first RN vessel to dock in Havana since 1959

Type 42 Destroyer HMS Manchester has become the first Royal Navy ship to make an official visit to Cuba since the country's 1959 revolution. The ship landed at the Sierra Maestra pier in Havana on Monday for the beginning of a five-day visit.