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August 7, 2013

EXCLUSIVE Germany's SAP puts the pedal to the metal
Software company sees its 14th consecutive trimester of double-digit growth in Latin America this year

For Rodolpho Cardenuto, president for SAP Americas, the most important behind the company's success is getting closer to clients. In his opinion, you can’t employ the same sales pitch throughout the region. "There are many Latin Americas,and you can’t tackle the region with a one size fits all approach. We want to get into the details," he told Latin Business Chronicle.

 Brazil ANP sees $174 billion in investments for Libra oil field
Auction will be country's first after implementing new production-sharing agreements 

Brazil's National Petroleum Agency estimates the winning bidders for the Libra field, which will be auctioned off on October 21, will invest $174 billion over the 35-year period of the contract, ANP Director Helder Queiroz said. The winning group will be selected based on how much oil it offers the government after initial costs are paid, The Wall Street Journal reports.

Venezuela and Colombia to trade fuel
New price, not yet disclosed, will be higher 

Nearly two and a half months after the suspension of Venezuelan gas and diesel supply to Colombia, the Governments of both countries agreed on reactivating fuel trade. The agreement states the sale of 27 million litres of fuel per month to Colombia, and will come into force next August 15, said the Venezuelan Minister of Petroleum, Rafael Ramirez (left), El Universal reports. 

Peru's non-traditional exports to reach $22 billion by 2015
Services sector is expected to see $6 billion in exports this year

Non-traditional and services exports from Peru are expected to total $ 22.5 billion in 2015 under free trade agreements singed by the country, said the Banco de Comercio. According to the bank's international business manager, Manuel Serrano, non-traditional exports reached $ 4.1 billion in May 2013, a 4 percent drop compared to a year earlier, Andina reports.

Standard & Poor’s lifts outlook for Ecuador from stable to positive
Ratings agency says country could reduce its dependence on oil revenue

Standard & Poor’s affirmed Ecuador's sovereign credit rating at B. The firm believes that Ecuador's government could strengthen its fiscal position by increasing its tax revenue or by diversifying its funding options.The new grade is supported by the government's improved relations with private-sector investors the agency said, The Wall Street Journal reports.


Brazil's July auto output clims on recovering exports Wall Street Journal

Mexico's energy debate approaching fever pitch Forbes

Colombian miners to resume talks with Drummond Reuters

Chile's Codelco issuing bond to finance copper projects Platts

Uruguay to issue 10-year benchmark bond of up to $2 billion Reuters 

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