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Ocober 11, 2013

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Foreign investment to Latin America up 6 percent
Venezuela, Peru and El Salvador showed most growth in percentage terms

The latest report by the UN's Economic Commission for Latin America and the Caribbean showed that foreign investment to the region grew 6 percent in the first half of the year. The total amount for the 13 countries that provided data was $102.9 billion. Although Brazil was the main recipient, with $39 billion, the figure was 10 percent lower compared to the same period a year earlier, the The Barnacle reports.

Tensions rise in Argentina after President's surgery
Opposition criticized vice president Amado Bodou's credentials as interim head of state

Argentine President Cristina Fernández de Kirchner's sudden illness, and subsequent surgery, forced vice-president Amado Bodou to take over while she recovers. But the opposition party has already started to question Bodou's credentials as interim head of state, and was accused of corruption  with two judicial investigations, Press TV reports.

Chilean President struggles in poll
Bachelet's Nueva Mayoría coalition takes the lead

A poll carried out in September by Adimark showed Chilean President Sebastián Piñera improved little in his approval ratings, despite a shift in his political strategy. Nueva Mayoría, the country's new coalition led by former President Michelle Bacehelet (left), outperformed both Piñera's party, Alianza, and Concertación. Nueva Mayoría's approval rating was 30 percent, eight points higher than ruling coalition Alianza, The Santiago Times reports. 

Mexico's outlook affirmed positive by Standard & Poor's
Agency maintained outlook based on the proposed economic overhaul

Standard & Poor's affirmed Mexico's credit outlook as positive on the prospect that President Enrique Peña Nieto's proposed economic overhauls boost growth, despite making adjustments to the fiscal reform. The ratings agency said the fiscal and energy reforms could strengthen Mexico's fiscal flexibility, Bloomberg reports.

Venezuela to sell dollars every week to fight shortages
Government expects to sell $900 million in the coming weeks

The Government of Venezuela will start a weekly dollar auctions in order to stop its currency declining and boost imports amid shortages of basic products. President Nicolás Maduro said the new system will charge buyers more than the official exchange rate, and expects to sell some $900 million over the following weeks, Bloomberg reports.

MOREOVER

Bolivia and Venezuela face new stage in bilateral ties Global Times

Brazil oil workers plan indefinite strike Reuters

Jaguar Land Rover eyes entering Brazil Automotive News Europe

World Bank: Argentina to grow 4 percent in 2013 Buenos Aires Herald

Colombia exports up almost 9 percent in August Colombia Reports

Lima to host first Latin American BMX championships Peru this Week 

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