EXCLUSIVE Latin American women rising to the top
Chile, Peru, Colombia and Mexico offer the best environments for female-owned companies
Latin American women are increasingly reaching the top of the corporate ladder, as this week's Latin Business Chronicle’s annual list of Top 50 Businesswomen shows. But what factors help the advancement of women in the region? And what could be done to ensure success of future generations of Latin American women? Latin Business Chronicle consulted with experts to answer these questions.
Brazil bids $60 billion to bolster currency intervention
Real fell 9 percent against dollar in the past month, the biggest drop in major currencies
The Brazilian government will start, from today, to auction $1 billion loans every Friday and offer the equivalent of $500 million worth of foreign-exchange swaps a day on Mondays, Tuesdays, Wednesdays and Thursdays, according to an official statement. The aim is to slow down what is currently the world's worst currency decline, Bloomberg reports.
Venezuelan economy rebounds
Best performers were finance and manufacturing
The Venezuelan economy saw a 2.6 percent growth in the second quarter of the year, according to government officials. The rebound comes after sluggish growth in the first three months of the year. "For those who insisted that we were going to enter a period of contraction, the reality is showing the opposite," Finance Minister Nelson Merentes(left) said, Reuters reports.
China vows to boost commerce and energy relations with Argentina
Bilateral trade reached $14.8 billion in 2012
China is set to increase capital spending in Argentina as it enters new partnership deals including an international project on developing the Latin American country's untapped shale fuels. China is Argentina's largest customer for farm goods and second-largest trade partner."By 2030 we forecast more than 18 percent of Argentina's exports will go to China," said HSBC,
Peru and Japan to discuss upgrading bilateral cooperation
The two countries are working on new rules for trade and investment in the Asia-Pacific basin
Peruvian President Ollanta Humala met with Japanese parliamentarian Yasutoshi Nishimura this week to discuss ways to deepen bilateral relations and boost cooperation between the two countries. "For us, Japan has been instrumental in promoting the transfer of knowledge and technology," the Peruvian leader said after their meeting, Andina reports.