EXCLUSIVE LTG presents Latin Trade Symposium
Annual event precedes our 19th BRAVO Business Awards
Latin Trade Group will host out Latin Trade Symposium on October 25. In partnership with the Inter-American Development Bank and the Americas Society/Council of the Americas, the event will bring together more than 400 guests from business, the public sector and other shapers Latin America at the Four Seasons hotel in Miami, Latin Business Chronicle reports.
International Monetary Fund cuts outlook for Latin America
Mexico's 2013 growth forecast was down from 2.9 to 1.2 percent
The International Monetary Fund cut its outlook for Latin America and the Caribbean, as weaker commodity prices threaten to weaken Mexico and Brazil. The Fund cut its 2013 growth forecasts for the region to 2.7 percent, down from 3 percent in July. Although the Fund left Brazil's forecast of 2.5 percent this year unchanged, it lowered next year's from 3.2 to 2.5 percent, Bloomberg reports.
Maduro seeks special decree powers
Leader aims to battle corruption 'with an iron fist'
Venezuelan leader Nicolás Maduro (left) asked his country's National Assembly for special powers in order to fight corruption. No one would be safe during during a crackdown on corruption, even members of the ruling United Socialist Party, Maduro said during a speech, He will need at least one opposition vote to win the three-fifths majority required for decree powers, the Miami Herald reports.
Mexico plans to tender $7.4 billion in passenger trains next year
Siemens and Bombardier have shown interest
The Mexican government said it will tender three passenger train projects worth $7.4 billion next year. Two of the trains will connect the capital city with Toluca and Querétaro, while the third is planned to be a tourist train connecting popular destinations in the Yucatán Peninsula. Bombardier and Siemens Mexico have shown interest in the projects, Reuters reports.
Colombian Finance Ministry: 'The tax haven party is over'
Government sets fee of 33 percent on assets sent to listed countries
Colombian Finance minister Mauricio Cárdenas said Colombian companies and individuals will now have to pay a 33 percent fee on assets sent to the 40 countries listed by the government as tax havens. Countries in the list include Antigua and Barbuda, Bahrain and Hong Kong. For those who have been taking advantage of tax havens, the party is over," said Cárdenas, Economy Watch reports.