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June 6, 2013

Latin America is world's fastest growing Internet market 
Five of the top 10 most engaged markets with social content worldwide are located in the region.

Latin America's Internet market increased 12 percent in 2012 to more than 147 million unique visitors in March 2013, according to Comscore. But the region makes up just nine percent of the world's online audience, tied for last with the Middle East and Africa. It was also the most social, with Latin Americans spending 10 hours a month on social websites, Fox News Latino reports.




Bolivia launches bid for world-class company to quantify gas reserve
Country's reserves increased last year after new hydrocarbon policy was introduced

Bolivias state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos, announced it will open a bid to quantify and certify the country's natural and liquid gas reserves up to Decemeber 31 this year. The company, which is still defining the terms of the bid, estimates a total of 18.6 trillion cubic feet of gas to be quantified during the process, Bernama reports.





Argentina nationalises two rail routes
Move comes amid tensions with Brazil

Argentinian President Cristina Fernández (left) has stripped Brazil's América Latina Logística firm of two key rail cargo concessions. The firm, which is Latin America's biggest independent logistics firm, claims it had not formally been notified that its concessions had been rescinded, The Financial Times reports.






Central Bank: Peru's economy likely up 7 percent in April on year
Demand in cement and electricity likely to boost May growth

Peru's gross domestic product in April likely was up 7.4 percent from a year earlier after expanding at an exceptionally slow pace in the first quarter, Central Bank President Julio Velarde said. He added that the central bank was again revising downward its forecast for the 2013 trade surplus, to $485 million. Last year, trade surplus was $4.5 billion, Reuters reports.



Ecuador business leaders see improved conditions for next year
Elections have helped to improve business confidence in the country, says Deloitte

About 62 percent of Ecuadorean business leaders believe their companies will improve in the coming months and their production will increase, according to a survey released by Deloitte. In April, Deloitte interviewed 124 high-level business executives at companies with sales totaling $12.6 billion and employing more than 70,000 people, The Wall Street Journal reports.






  • Embotelladora Andina seeks bonds for $503 million Reuters 
  • Venezuela discusses $4 billion credit from China Wall Street Journal
  • Mexico's Geo reaches agreement with bank lenders Reuters
  • Uruguay applies for Pacific Alliance membership MercoPress




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