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November 25, 2013

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EXCLUSIVE Iran's proxies: A growing threat for the region
The Triple Frontier (Argentina,Paraguay,Brazil) area has become a center of Al-Qaeda activity 

Iran is expanding its diplomatic push into South America. The groundwork was laid by former President Mahmoud Ahmadinejad who visited the region six times during his presidency. Iran and its proxies are expanding their recruitment in mosques and Islamic community centers. Its activities are aimed not just at the Lebanese Shi’ite diaspora but at a broader audience, Latin Business Chronicle reports.

Odebrecht and Singapore's Changi Group to operate Rio Airport
Partnership offered $8.3 billion for the terminal, almost four times the minimum bid

Singapore's Changi Airport Group and its partner, Brazil's Odebrecht, have won the bid to run Rio de Janeiro's Galeao airport after offering $8.3 billion. The amount is almost four times the minimum bid, and the firms will handle operations at the airport for the next 25 years. The sale is part of President Dilma Rousseff's plan to modernize infrastructure and shore up investor confidence, Bloomberg reports.

Omnilife CEO signs UN Women's Principles
Angélica Fuentes Tellez aims to improve gender equality in region

Omnilife CEO Angélica Fuentes Tellez (far left) signed the UN's Women's Empowerment Principles, as part of her commitment to create a more level playing field for men and women in Latin America. During the event, Latin Trade's Executive Director Maria Lourdes Gallo (left) presented Angélica with an award as oneof Latin America's Top 50 Businesswomen. "We have to work together in order to achieve gender equality, women's economic empowerment and work to the standards required by today's global economy," Fuentes said. Omnilife is the first Mexican company to join 631 global firms which have signed the UN initiative, Omnilife reports (in Spanish).

Peru sees hydrocarbon investments to reach $1.3 billion this year
State-owned Perupetro has already planned exploratory drillings of six new wells for 2014

Investments in Peru's hydrocarbon sector are expected to reach $1.3 billion by the end of the year, said Luis Oritgas, president of state-owned Petupetro. Up to August this year, investments in the sector have reached $900 million. Perupetro has also planned exploratory drillings of six new wells in 2014, Oritgas said, Andina reports.

Chinalco drops out of bid for Glencore's $9.5 billion Peru mine
Move leaves Minmetals as front-runner for project

Beijing-based mining firm Chinalco has left the bid to acquire Anglo-Swiss firm Glencore Xstrata's $9.5 billion Las Bambas copper project in Peru. The move now leaves China Minmetals Corporation as the front-runner for the second round of bidding scheduled for next month. Minmetals already operates in Peru with its Toromocho copper mine, Yahoo News reports.

MOREOVER

Thousands protest in Venezuela against Maduro's powers Fox News Latino

Hong Kong opens doors to Mexican meat and poultry imports The Poultry Site

Jaguar Land Rover to build $500 million plant in Brazil Economic Times

Apache in talks with Argentina's YPF about asset sales Reuters

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