EXCLUSIVE Low interest rates are coming to an end
Stronger U.S. dollar and slowdown of Chinese economy have affected Latin American assets
“The very low interest rate environment is coming to an end,” is the opinion of Axel Christesen, BlackRock´s Executive Director for South America excluding Brazil. The future of Latin American assets will depend on how the rate environment settles after the recent increases and on how the U.S. and the Chinese economy evolve, he said, Latin Business Chronicle reports.
Latin America to see double-digit mobile Internet growth by 2018
Figures pushed by increasing availability of affordable smart devices
Latin America is among the three regions in the world that will see mobile Internet service revenue grow with a double-digit between 2013 and 2018, according to new research from ABI. In 2018, Latin America and Middle East are expected to see an average user contributing more than 2.5 Gigabytes of traffic per month, Rapid TV News reports.
Venezuela confirmed Mercosur head
Paraguay warned it would not rejoin bloc
Venezuela will take over the presidency of Mercosur at the trading bloc's upcoming summit in Montevideo since Paraguay remains suspended, Uruguayan Foreign Minister Luis Almagro (left) said Tuesday. Paraguay was suspended from Mercosur after then president Fernando Lugo was impeached by the Paraguayan Congress in June 2012, The Global Post reports.
Mexico considers opening up wider to foreign property buyers
Opposition say the change amounts to a selling out of sensitive lands to foreign interests
Mexico is poised to lift century-old restrictions on foreign ownership of property along its coasts and borders, a move real-estate developers believe could boost the nation's vacation-home market. Mexico currently prohibits foreign ownership of land within 50 kilometers of the coast or 100 kilometers of an international border, The Wall Street Journal report.
Peru announces opening of commercial offices in 15 countries
Government seeks to promote country's goods, services, tourism and investment environment
The Ministry of Foreign Trade and Tourism has announced the opening of Peruvian commercial offices abroad in 15 countries in Africa, Asia, Europe and Latin America. Among the countries where new offices were opened are Switzerland, the UK, Germany, Russia, South Korea, Turkey, Indonesia, Morocco, Mexico and Venezuela, Bernama reports.