EXCLUSIVE Latin America needs human capital boost
Region ranks number four globally in World Economic Forum Index
Experts say gains productivity will be the key to driving future growth gains in Latin America. But no country in the region features among the top 20, or the bottom 20 out of 122, in the World Economic Forum's Human Capital Index. Barbados is the top Latin American country, at number 26, while Venezuela ranked lowest, at 101, Latin Business Chronicle reports.
Portugal Telecom to create joint mobile carrier with Brazil's Oi
Resulting merger will have have a user base of 100 million subscribers
Portugal Telecom agreed to combine with Brazilian affiliate Oi to create a carrier with some 100 million subscribers. Both carriers have a combined market value of more than $7 billion. “The merger will consolidate the position of both companies as the leading operator for Portuguese-speaking countries,” Portugal Telecom said, Bloomberg reports.
Odebrecht allocates $8 billion for Mexico
Firm also plans a global investment of some $20 billion
Brazilian conglomerate Odebrecht, led by CEO Marcelo Odebrecht (left) plans to invest $8.1 billion in Mexico over the next five years. The stament came after he met with Mexican President Enrique Peña Nieto Tuesday, and added the investment will go towards petrochemicals, renewable energy, ethanol production and highway concessions, Reuters reports.
Peru's presence in Asian markets to secure growth, says Humala
President is visiting Thailand this week aiming to bolster bilateral cooperation
Peruvian President Ollanta Humala said the country's increased presence in Asian markets will sustain its economic growth and generate greater wealth. The comment was made during his announcement of a trip to Thailand, aimed at strengthening bilateral ties, and Indonesia, to take part in the Asia Pacific Economic Cooperation forum summit, Andina reports.
Horacio Cartes: Paraguay is keen on early return to Mercosur
Country's lawmakers have yet to ratify Venezuela bloc's admission of Venezuela
Paraguayan President Horacio Cartes says his country is keen to rejoin the Mercosur trading bloc as soon as possible, once legal issues have been solved. The country was suspended from the bloc in June 2012, when then President Fernando Lugo was impeached by the country's Congress. Cartes also welcomed signs that Venezuela was prepared to restore diplomatic ties with Asuncion, GlobalPost reports.
Market uncertainty takes toll in Latin America Reuters
Iran and Cuba discuss strengthening relations FNA
Maersk sees large investment potential in Latin America Reuters
OGX misses debt payment as record regional default looms Bloomberg