JPMorgan has high expectations for Latin America
Firm confident with consumer middle class emergence and stronger institutions
While investors have shunned Latin America recently, with equities down nearly 15 percent this year, JPMorgan CEO for the region, Martin Marrón, says it would be a mistake to count Latin America down and out. He said they remain particularly bullish on Mexico and expect the whole continent to continue to deliver for investors, Forbes reports.
Chilean Minister highlights global interest in Pacific Alliance
Group represents 35 percent of Latin America's gross domestic product
Chilean Foreign Minister Alfredo Moreno said the participation of new observer countries to the Pacific Alliance reflects the interest that the Latin American trade bloc is generating around the world. "China is one of the latest countries to join as an observer, along with the United States, and now we have applications from Germany and England," he said, CCTV reports.
Televisa acts against Dish Mexico
Aim is to prevent free distribution of its channels
Televisa is taking legal action to stop Dish Mexico from distributing its over-the-air channels, saying the satellite carrier isn’t following the rules. Televisa filed a complaint with Mexico’s Interior Ministry. Dish Mexico, the nation’s second-largest satellite-TV company, started providing Televisa’s channels this week for no extra charge, Bloomberg reports.
Brazilian President targets Internet companies after NSA spying
Plan is to force firms such as Google and Microsoft to maintain data centers within the country
Brazil's President Dilma Rousseff is pushing new legislation that would seek to force Google, Facebook and other internet companies to store locally gathered data inside Brazil. But the requirement would be difficult to execute, technology experts say, given high costs and the global nature of the Internet, Reuters reports.
Aerolíneas Argentinas admits to losses of $250 million this year
Last year, company reported a loss of some $640 million.
Aerolineas Argentinas will have this year an operational deficit of $250 million, about 12 per cent of sales, said CEO Mariano Recalde. But the figure is an improvement from the deficit of $850 million in 2011. His comments come amid the Argentine government's ongoing tensions with Chilean airline LAN over its metropolitan airport hangar, Bernama reports.
Chile and India to bolster cooperation in renewable energy Business Standard
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CFR jumps in Chile with $1.3 billion deal with Adcock Bloomberg
ICO: Brazil's decision to import coffee is correct Reuters