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November 22, 2013

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Mexico's Peña Nieto: A year of leading from behind
President still faces biggest challenge with the energy reform

Mexican President Enrique Peña Nieto's first year in office has had more ups than downs, with the introduction of telecoms, education and tax reforms, which he says aim to boost the country's productivity and economy. But Peña Nieto still faces his biggest challenge with the highly anticipated energy reform, The Economist reports.

International Monetary Fund cuts Peru's 2013 growth forecast
IMF sees country's economy rebounding next year on mining and infrastructure projects

The International Monetary Fund cut its growth forecast for Peru for this year and 2014. The Fund said Peru will grow 5 percent this year, down from a previous estimate of 5.4 percent, and 5.5 percent in 2014, down from a previous 5.7 percent. But the Fund said Peru's economy will rebound next year on large infrastructure and mining projects, The Economic Times reports. 

Juan Valdez to expand to South Korea
First store to open in Seoul in February next year

Colombian coffee chain Juan Valdez plans to open more than 300 stores in South Korea over the next five years, Colombian Ambassador to the Asian country, Jaime Cabal, announced. The first store is scheduled to open in Seoul in February next year, Cabal said. He added South Korea is the first Asian country in the company's growth plans in the continent, Colombia Reports

Telefónica open to mergers and deals in Mexico
Firm seeks to boost presence in market dominated by América Móvil

Spanish telecoms firm Telefónica said it is open to mergers, acquisitions and network-sharing deals in Mexico, aiming to boost its presence in a market dominated by Carlos Slim's América Móvil. "We are very open minded to consolidation in Mexico," said Telefónica Chief Operating Officer Jose Maria Alvarez-Pallete, Reuters reports.

Venezuela's Maduro tries out his new powers with two decrees
New laws tighten import regulations and limit business profit margins

Venezuelan President Nicolás Maduro applied for the first time his new power to rule by decree. The leader signed two new laws which limit business profit margins and tighten regulations on imports. Maduro's Government said the business sector has recorded profit margins of up to 1,000 percent on imported goods, Yahoo News reports.

MOREOVER

Avianca adds domestic route and link to Miami anna aero

Argentina urges joint regional response to U.S. spying GlobalPost

H&M eyes Mexico expansion WWD

Corporate travel in Peru seen growing 15 percent next year Andina

 JetBlue starts direct flights between Florida and Lima Peru this Week

Ecuador to hold investment road show in India in December Economic Times

Tigo Bolivia purchases local cable TV provider Multivision TeleGeography

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