Chile's Vapores in merger talks with Hapag-Lloyd
Valparaíso-based company seeks to become more competitive after facing steep losses
Chilean shipping firm Compañía Sud Americana de Vapores confirmed it was in merger talks with Germany's Hapag-Lloyd. Vapores is seeking to become more competitive after facing steep losses due to high tax and fuel prices. Top executives of both companies met two weekends ago in Miami to sound out a number of options, including a merger, Reuters reports.
Mexico watchdog finds América Móvil and Televisa dominant
Telecoms regulator says both companies will be further analyzed for tougher regulation
Billionaire Carlos Slim's telecoms firm América Móvil and media company Televisa were named dominant companies in Mexico in a preliminary finding by the country's telecoms regulator. Both firms were told they will be analyzed for tougher regulations. América Móvil controls 70 percent of Mexico's cellular phone market, while Televisa has more than 60 percent of the TV market, Yahoo Finance reports.
Brazil urges Telefónica to trim influence
Company told to reduce holdings or sell Tim shares
Brazil's antitrust regulator, known as Cade, urged Spanish telecoms company Telefónica to cut down its influence in the country, by reducing its holdings or convincing partner Telecom Italia to sell its local unit. Cade is seeking to lower Telefónica's presence in Brazil's market to its pre-2010 level, when it held half of wireless carrier Vivo and a minority stake in Telco, the company which controls Telecom Italia, Bloomberg reports.
Argentina seeks financingworth $17 billionin Russia and China
Funding is for 14 infrastructure projects, including two hydroelectric dams
Argentina's Planning Minister Julio De Vido will travel to China and Russia to seek investors for 14 infrastructure projects scheduled to be auctioned next year. The projects are worth $17 billion, and include two hydroelectric dams in Salta, aqueducts and a communications tower to be built outside of Buenos Aires, Bloomberg reports.
Russia, India and El Salvador eye free trade accords with Peru
Andean nation is part of 17 agreements, and is involved in Trans-Pacific Partnership talks
Russia, India and El Salvador are interested in signing free trade agreements with Peru, said Peruvian Foreign Trade Minister, Magali Silva. El Salvador and Peru are keen to restart negotiations after El Salvador dropped them, Silva said. She said Indian officials invited Peru to start talks, and has taken the first steps towards negotiations with Russia, Peru this Week reports.
Cuba and Germany explore energy business opportunities GlobalPost
Movistar and Tigo launch LTE networks in Colombia LteWorld
Google Play Books expands to four South American countries Android Police
Facebook trials Guarani language site in Paraguay Fox News
Brazil's Oi selling wireless towers for $647 million Reuters
Latin America outperforms rest of world in hunger reduction Global Times
Uruguay is most transparent country in region International Business Times