EXCLUSIVE Mexico is newest magnet for private equity
Survey by Lavca and Coller Capital shows investor enthusiasm for country is outpacing Brazil
Investor excitement has dimmed for Brazil, while Mexico, Peru, and Colombia have become the new hot spots. “Brazil is attracting a lower enthusiasm among investors, while Mexico, Peru, and Colombia have similar scores of attractiveness,” Cate Ambrose, president of Lavca told Latin Business Chronicle. Overall, investors remain enthusiastic about the region, especially in terms of macroeconomic growth.
Richard Branson to challenge Carlos Slim in Mexican mobile market
Virgin Mobile faces Telcel, which currently serves two-thirds of Mexico's 100 million users
Richard Branson, chairman of UK's Virgin Group, has announced plans to enter the Mexican telecoms market through his company Virgin Mobile. Currently, the company has operations in Chile and Colombia, but Branson decided to shift his expansion plans from Brazil to Mexico after new telecoms laws were passed last May, The Telegraph reports.
Toyota to export Corolla to Latin America
Firm expects to send 7,500 units in first year
Toyota announced it will start exporting US-built Corolla sedans to 18 countries in Latin America and the Caribbean starting next year. Once production begins in April 2014, Toyota expects to export more than 7,500 Corolla sedans to the region during the first year of sales. "The export of US-built Corolla sedans to Latin America will help to further solidify our US manufacturing base," said Jim Lentz, CEO for the North America region, Marketwatch reports.
Barrick to keep mining permit for Chile's Pascua-Lama gold project
Country's Supreme Court still upheld a freeze on the plan
Canadian mining firm Barrick Gold Corp was allowed to keep its environmental license for its Pascua-Lama project, Chile's Supreme Court said. The ruling dispels a significant uncertainty surrounding the controversial project, which now only has to complete a water management system issued by the environmental regulator to be reactivated, Reuters reports.
Brazilian banks to benefit from historic Bovespa shuffle
Index currently has five stocks from four different banks, with combined weighting of 15 percent
Banks are set to become the top segment of Brazil's benchmark stock index after the first revamp in the gauge's 45-year history takes effect next year. Itaú Unibanco, Banco Bradesco, Banco do Brasil and Banco Santander Brasil are likely to get more room due to their large market value and strong trading volumes, said Marcos Fritzen, of Quantitas Asset Management, Reuters reports.
Cuba gives green light to more private business ABC News
Brazil's unemployment rate drops 5.3 percent RTT News
Sirius eyes Mexico for international expansion Reuters
Ecuador and China sign anti-poverty cooperation Global Times
Aeromexico launches Boeing 787 Mexico City-New York service Mena FN