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December 2, 2013

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EXCLUSIVE The challenges ahead: Mexico
Country still faces hurdles in becoming the 'Latin American dragon'

While Mexico has had to deal with situations that would discourage investors, CFOs of some of the most important firms in the northern hemisphere, who gathered in Mexico City for Latin Trade's annual CFO event, agree the country offers reliable investment opportunities. Among them, moving up to number 9 among safest investment destinations, stability and debt reduction, Latin Business Chronicle reports.

YPF and Repsol likely to reach deal before end of year: Pemex
Negotiations to start this week, said Argentine Government

Argentina's YPF and Spain's Repsol are likely to reach a final compensation deal by the end of the year, said Arturo Henríquez, a Pemex board member in Repsol. Negotiations over the compensation of Argentina's seizure of Repsol's controlling stake in YPF will begin this week, the Argentine Government said, the Buenos Aires Herald reports.

Telecom Italia holds on to Brazil unit
Telefónica favors a sale or breakup of Tim Participacoes

Telecom Italia said it wants to keep its Brazilian unit, Tim Participacoes, and has received no unsolicited bids for it. But Telefónica, the Italian company's largest sharholder, is still seeking a sale or breakup of the Rio de Janeiro-based unit. Telecom Italia and Telefónica may study a deal to combine their businesses in the country, according to Italian newspaper Il Messaggero, Bloomberg reports.

Peru to host UN conference for Latin American industry ministers
Meeting to focus on production and trade as means for sustainable growth across the region

More than 30 Latin American industry ministers are expected to attend the 15th General Conference of the United Nations Industrial Development Organization, to be held December 2-6. The event will focus on the importance of industrial production and trade for inclusive and sustainable economic growth in the region, Andina reports.

Venezuelan Goverment seizes Irish firm's Smurfit operations
Company accused of hiking prices in food-related products by up to 372 percent

The Government of Venezuela has seized the operations of Ireland-based packaging firm Smurfit Kappa in Valencia, capital of Carabobo state. According to Venezuelan Industry Minister Ricardo Menéndez, the local subsidiary of the company had hiked prices for some food-related products by 372 percent in the last year, the Irish Times reports.

MOREOVER

Argentina threatens companies over Falklands oil drilling CNN

IC Power wins $1 billion power plant deal in Peru Reuters

Chile's CorpBanca confirms merger talks Reuters

Why supporting Latin American tech entrepreneurs benefits everyone Forbes

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