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September 26, 2013

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EXCLUSIVE Latin America's GDP growth for 2011-2015
Panama, Paraguay, and Peru will be the region’s champions for the near future

Latin Business Chronicle’s latest statistics on estimated economic growth for the next three years show that Paraguay, Peru, and Panama will continue to be the region’s growth champions for the near future. But Former growth champions Argentina and Brazil, who experienced rapid growth for much of the past decade, should also see some improvements. 

Venezuelan leader cancels UN speech over threats from New York
Alleged plots could have caused violence and affected his physical safety, said Maduro

Venezuela's Nicolás Maduro called off a trip to speak at the UN General Assembly’s annual gathering in New York over what he called threats to his safety. "The mafia of Otto Reich and Roger Noriega once again had planned a terrible provocation that can’t be described in any other way,” he said, referring to two former U.S. officials he frequently accuses of plots against Venezuela, Bloomberg reports.

BMW and Hyundai seek new Mexico plants
Minister: industry-related exports to reach $390 billion

BMW and Hyundai are considering building factories in Mexico, said the country's Minister for Economy, Ildefonso Guajardo (left). He said the government has already held talks with both companies. "I cannot talk for them, but I think that starting 2014 we’ll have new announcements. At least for one," he said. The country's output rose 4.4 percent in the first eight months of the year from a year earlier, according to official data, Businessweek reports.

Eight airlines plan to start operating flights to Chile from 2014
KLM, Alitalia and Air Europa among firms eyeing South American nation

Eight airlines are expected to expand their operations to Chile within the next year. Two of the airlines are domestic, One Airlines and ChileJet, who seek to grow in the domestic market currently dominated by flagship carrier LAN. Dutch firm KLM, Italy's Alitalia and Spain's Air Europa have announced plans to start flying to Chile starting next year, the Santiago Times reports.

Peru mining workers agree to go on two-day nationwide strike
Protest is against government decree to change pension payments

Union workers at several Peruvian mines announced plans to go on a two-day strike. The union is protesting against a Government move which affects pension payments, said the country's national mining workers federation. Workers at Southern Copper's Toquepala mine, iron miner Shougang Hierro, and precious metals miner Buenaventura's Antatipe have confirmed the strike, Reuters reports.

MOREOVER

Venezuela's unemployment rate hits 8 percent in August El Universal

Brazil's industry cautiously optimistic on growth GlobalPost

Krispy Kreme to make South America debut CBS News

Venezuela cuts red tape on imports BBC

Chinese envoy stresss strong ties with Uruguay Global Times

BBVA to expand operations in Colombia Bloomberg 

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