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October 3, 2013

Moody's lowers Brazil's sovereign outlook to stable
Country's central bank trimmed its growth outlook from 2.7 to 2.5 percent this week

Moody's Investors Services lowered Brazil's sovereign outlook from positive to stable. The firm said the decision was made as Brazil is going through a period of low growth and deteriorating debt and investment ratios. "Even if and when the country's economy improves, it is unlikely to be strong enough to restore a positive trend," said Moody's, Bloomberg reports.

Peru sees $45.5 billion in private investment through 2015 
Finance Minister highlighted a recovery in business confidence in the last months 

Investment projects worth $45.5 billion are expected to be carried out in Peru over the next two years, said Finance Minister Luis Miguel Castilla. “More than twenty major projects have been unlocked and there is a large private investment portfolio which will be materialized not just in Lima, but in several regions," said the Minister, Andina reports.

US expels Venezuelan diplomats
Move is retaliation to Maduro's expulsion of US officials

The US government is to expel three Venezuelan diplomats, including charge d'affaires Calixto Ortega Rios (left), in retaliation to US diplomats being expelled from Caracas earlier this week. Also expelled are Second Secretary Monica Alejandra Sanchez Morales at the Washington embassy, and Consul Marisol Gutierrez at the Houston consulate, the BBC reports.

Colombia, Chile and Peru to integrate foreign exchange markets
Official data shows the three countries record an average of 4,200 operations daily

The governments of Colombia, Chile and Peru announced the integration of their foreign exchange markets within the framework of the Mercado Integrado Latinoamericano, known as Mila. The organizations taking part are the Electronic Bourse of Chile; the Colombia stock exchange; the stock exchange of Lima; Colombia’s Set ICAP EX and Peru's Datapec, MercoPress reports.

Air travel to Mexico grows 8.5 percent in first eight months
Country saw significant growth in visitors from Russia, Colombia, Peru and China

The number of visitors to Mexico travelling by air grew 8.5 percent in the first eight months of the year, compared to the same period last year, according to the country's tourism authority. The figure represents 8.1 million tourists, compared with 7.4 million a year before. The top country of origin was the United States, with 5.5 million visitors, the GlobalPost reports.


Petrobras to increase production by a million barrells next year Bernama

Singapore and Uruguay sign open skies agreement Channel News Asia

BBVA completes sale of Chile's AFP Provida Reuters

Carlos Slim buys struggling resort in Mexico World Property Channel

Brazil's services sector rebounds in September Reuters

Shell expands project in Brazil Bloomberg

Peru's Central Bank sees economy up 6.5 percent in fourth quarter Andina 

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