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July 1, 2013

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EXCLUSIVE Latin American CFOs most optimistic
The U.S. trails the world in terms of prioritizing corporate social responsibility and sustainability  

Seventy-six percent of Latin American CFOs rate corporate social responsibility as very important, more than the global average, according to the latest Global Business Outlooksurvey. It measures financial executives' views on spending, corporate social responsibility, hiring and business corruption, Latin Business Chronicle reports.

 

Argentina plans to invest $35.7 billion in nuclear energy by 2020
Less than 5 percent of country's energy matrix was nuclear in 2012

Argentina is still committed to developing its fourth and fifth nuclear power plants and expects to invest the $35.7 billion remaining of its $42 billion national nuclear power plan, according to federal planning minister Julio de Vido. He added that nuclear power could make up 15 to 18 percent of the matrix in Argentina, Business News Americas reports.

 

Brazil leader's popularity plummets
 In March, Rousseff's popularity stood at 65 percent.

President Dilma Rousseff's (left) popularity has nosedived since Brazil's nationwide street protests erupted, a poll said Saturday as Rio braced for more demonstrations coinciding with the Confederations Cup final between the national squad and Spain. A Datafolha poll said Rousseff's approval rating has plunged from 57 percent down to 30 percent since June 6, Fox News  reports. 

 

Global firms feel the effects of Venezuela's currency restrictions
Analaysts say losses are likely to continue 

US companies from Procter & Gamble to Pfizer are facing a hit on their earnings as Venezuela's government limits access to dollars and the currency fell further. Venezuela has limited access to dollars because of currency controls during the past decade, making it difficult for companies with foreign headquarters to repatriate cash at the official exchange rate, Bloomberg reports. 

 

World Bank: Peru among top ten emerging economies in the world 
Growth this year is estimated at about 6 percent

According to the World Bank, Peru has made big strides in the fight against poverty in the past five years, thanks to positive economic indicators and sound fiscal policies. This growth, driven by a boom in primary materials, has led to reductions in poverty from 50 percent half-way during the last decade to 26 percent in 2012. But the country still faces challenges, Andina reports.

 

 

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