EXCLUSIVE Rousseff double boost for small business
Experts warn that Brazilian president's efforts could be merely only a band-aid solution
President Dilma Rousseff announced the creation of a specialized ministry for small business this month. She also instituted changes to lending policy in hopes of boosting the sector. Experts tell Latin Business Chronicle the moves fall into the government's economic pattern, but may be more of a short-term band-aid solution to the country's deeper economic problems.
Don't panic yet about Mexico's dismal macro results in first quarter
Nation has a habit of bouncing back from disappointing performances
For Mexico fans, the first-quarter GDP figures must have been a hard pill to swallow. The economy grew by 0.8 per cent, well below the 1.2 per cent increase the market was expecting. But this is not the first time the Mexican economy has underperformed in a quarter, just to quickly leave everyone in awe the following trimester, the Financial Times reports.
Harper aims to boost Peru mining
Proposal raises environmental concerns
Stephen Harper, the Canadian prime minister, unveiled measures to help Peru maximize the benefits of its booming - but troubled - mining sector. This includes supporting Peru's plans to streamline its environmental impact assessment regime. But that move has raised concerns among environmental and anti-mining groups, the Ottawa Citizen reports.
Brazil market courts the millisecond investor, despite the risks
While high-frequency trading causes concern elsewhere, Sâo Paulo offers welcome mat
At a time when the mere phrase "high-frequency trading" makes some investors queasy, Brazil's stock exchange is putting out the digital welcome mat. The stock exchange in São Paulo has made its market more friendly to high-speed traders, even as many regulators around the world are casting an increasingly skeptical eye, the New York Times reports.
Pacific Alliance nations seek to increase trade with Asia
Tycoon in $700 million deal as part of constant review of corporate structure
Presidents of some of the most economically dynamic countries in Latin America are looking to promote a new trade group as an alternative to other regional blocs that have become more protectionist. The Pacific Alliance, which includes Mexico, Chile, Colombia and Peru, aims to increase trade with fast-growing Asian nations, the Wall Street Journal reports.
- Uruguay's Mújica on major investment mission to China MercoPress
- Embraer in potential $8 billion supply deal with SkyWest Financial Times
- Peruvian central banker says economy up 7 percent in April Reuters
- Billionaire Batista's alter-ego seeking oil and gas Bloomberg
- Venezuela aims to solve shortage of toilet paper BBC