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October 1, 2013

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EXCLUSIVE Latin America's infrastructure guide
Our annual guide to the region’s major upcoming bids 

Latin Business Chronicle presents its major infrastructure projects guide in Latin America. The plans include highway, rail, aviation, energy and agriculture projects, with investments ranging from $109 million to $15.6 billion. Countries included in the list are Mexico, Colombia, Peru, Bolivia, Brazil and Chile.

Mexico's stock exchange sees up to nine more offerings this year
Applications currently being processed include Grupo Lala and Grupo Hotelero Santa Fe 

Mexico's stock exchange, which is experiencing a record year, expects up to five more stock offerings in 2013. The offerings are on top of four already being processed, said the stock exchange chief executive officer Luis Tellez. Companies such as airline Volaris and gas firm IEnova have rasied close to $15 billion through offerings this year, Reuters reports.

Venezuela expels three US diplomats
Officials accused of "meddling in country's affairs"

Venezuela's Nicolás Maduro ordered Foreign Minister Elias Jaua (left) to expel US chargé d’affaires Kelly Keiderling and two others whom he accused of conspiring to destabilize the country's economy and power grid. “These officials spend their time meeting with the extreme right wing, financing them and encouraging them to take actions to sabotage the electrical system and the Venezuelan economy," Maduro said, The New York Times reports.

Mercedes-Benz to announce new plant in Brazil
Country's light-vehicle market expected to grow 4.5 percent on average from 2012 to 2016

Automaker Mercedes-Benz is to announce plans to build a plant in the state of Sao Paulo to resume production in Brazil, and keep up with BMW and Audi's expansion in the country. The plant is planned to start operations in 2016, and will be used to assemble the firm's medium-sized C-Class sedan and GLA compact sports utility vehicle, Bloomberg reports.

Gerens: Peru is world's seventh mining producer
Country accounted for 4.1 percent of global production in 2012

A study by consultancy firm Gerens ranked Peru as the world's seventh largest mining producer. Last year, the country's output reached some $2 billion, and accounted for 4.1 percent of the world's total. The top products which Peru produces are copper, silver and gold, which together accounted for 83 percent of the Andean country's output last year, Andina reports.

MOREOVER

Cuba's August tourism arrivals up 3.8 percent Businessweek

Fitch affirms Bolivia at BB with stable outlook Reuters

Paraguayan economy boosted by agriculture MercoPress

Brazil Resources to acquire Brazilian Gold Corporation Gold Investing News

US Supreme Court meets to consider hearing Argentina bonds case GlobalPost 

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