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August 8, 2013

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EXCLUSIVE Germany's SAP puts the pedal to the metal
Company sees its 14th consecutive quarter 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.

Mexico's Enrique Peña Nieto postpones unveiling of energy reform
Delay comes as political parties extend negotiations

Mexican President Enrique Peña Nieto will delay the announcement of his proposal to end Mexico’s seven-decade state energy monopoly until next week.“I continue to prepare the presentation of the energy reform that will stimulate national development,” he said in a statement confirmed by the presidential press office, Bloomberg reports.

Mantega: Brazil's economy recovering
Minister says inflation in July is well under control

Brazil's economy is staging a recovery under resuming consumption, and growth won't be hurt by accelerated inflation this year, Finance Minister Guido Mantega (left) said. He said the government had already detected signs of increasing incomes and sales to consumers going into the third quarter, adding he expects to see a recovery in retail consumption, The Wall Street Journal reports.

Venezuela's international reserves drop to $22 billion
Central bank's assets plummeted by $7 billion so far this year

Venezuela's international reserves continue to decline as the nation's central bank disclosed that by August 5 they hit $22.9 billion, their lowest level ever since November 2004. Authorities have failed to explain the drop, but have included factors such as public debt repayments and the oil industry's failure to increase the flow of petrodollars, El Universal reports.

SABMiller continues legal battle in Mexico over beer deals
Antitrust authority is looking to make the country's beverage market more efficient

SABMiller, the world's second-largest brewer by sales, said that a Mexican federal court has accepted its case to consider overruling a July antitrust settlement on exclusive sales agreements. The brewer had said the antitrust settlement "failed to truly address the monopolistic activities in the Mexican beer market", The Wall Street Journal reports.

MOREOVER

Peru's Expo Amazonica to draw investors from 12 countries Andina

Ecuador's June oil exports revenue up 3 percent Wall Street Journal

Drummond and Colombian miners fail to end strike Maritime Executive

Banxico cuts Mexico's growth forecast Bloomberg

Colombia aims to raise defense industry profile UPI 

Mazda to build engine factory in Mexico Wall Street Journal 

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