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October 8, 2013

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EXCLUSIVE Free Conference Call enters Latin America
Firm enters seven countries in the region and expects global revenue growth of 40 percent

Free Conference Call, a leading provider of free conference call technology, announced its expansion into seven Latin American countries. The firm will now be available in Argentina, Brazil, Costa Rica, Chile, Honduras, Mexico and Panama. Latin Business Chronicle spoke with the firm's COO, Josh Rosenthal, about the motivations behind the expansion.

BlackRock CEO captivated by Mexico's investment potential
Firm's emerging market local debt fund has 9.9 percent of net assets in Mexican securities

For BlackRock CEO Laurence D. Fink, there is no better place to invest than Mexico. “Mexico is at the beginning of a real revolution,” Fink said at an event hosted by the University of California, Los Angeles. His bullishness on Mexico is echoed by debt investors including Bill Gross’s Pacific Investment Management Co., the world’s biggest bond fund manager, Bloomberg reports.

No jury for Chevron's Ecuador defendants
U.S. Judge grants oil firm's request for a judge in fraud case

Chevron won a request to have a judge instead of a jury to decide its case over alleged fraud in an Ecuadoran pollution verdict. U.S. District Judge Lewis Kaplan said Ecuadoran defendants, and their legal adviser, Steven Donzinger, have no constitutional right to a jury, as the company isn't seeking damages. Chevron alleges that Donziger and others, in a case over pollution in the Ecuadorian jungle, won a $19 billion verdict against the company by fraud, Bloomberg reports.

Mining and commerce boost Chile's economic expansion
Copper production jumped 7.6 percent, while retail sales surged 12 percent 

Chile's economic activity grew 4.1 percent in August, compared to a year earlier, boosted by retail and mining, according to data from the country's central bank. Mining production surged 7.6 percent in August, while retail sales jumped 12 percent in the same period. This year, the central bank estimates the country's economy will grow up to 4.5 percent, Reuters reports.

Ecuador President weighs in on Bolivia-Chile territorial dispute
Rafael Correa: access to the sea is necessary to develop living standards

The President of Ecuador, Rafael Correa, spoke in favor of Bolivia's claim to coastal territory during a visit to the landlocked country. Bolivia and Chile are moving forward in a territorial dispute at the International Court of Justice, where Bolivia is calling for the repatriation of territory lost after it signed the Treaty of Peace and Friendship in 1904, the Santiago Times reports.

MOREOVER

Peru's tourism industry to generate $3.8 billion this year Peru this Week

Chile's presidential favorite Bachelet vows tax reform Reuters

Glencore has aluminum monopoly in Venezuela El Universal

Peruvian President meets with South Korean leader Andina 

Colombia's number two oil pipeline shut after bomb attacks New York Times

Latin American steel industry leaders express concerns SteelGuru 

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