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December 16, 2013

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EXCLUSIVE Michelle Bachelet wins Chile elections
For her second term, president has promised better quality public services

Michelle Bachelet won Chile's elections Sunday by a large margin. Even rival candidate Evelyn Matthei said Thursday last week it would take a miracle to beat the former president. Her success owes to Chilean's discontent with the country's current economic model, which despite being a regional model for success, it also suffers from some of the region's worst inequality, Latin Business Chronicle reports.

EXCLUSIVE Interview: Managing director Kroll Latin America
Recaredo Romero highlights the risks involved in doing business in the region

LBC interviewed Recaredo Romero, Latin America managing director in corporate investigations and risk consulting firm Kroll. Romero highlights the main security and other types of risks involved in doing business in the region. "Security shouldn't be the key concern for investors in Latin America," says Romero. 

Standard & Poor's downgrades Venezuela's debt rating to B-minus
Firm cited dwindling reserves, which have dropped almost 20 percent in the last year

Standard & Poor's cut Venezuela's bond rating further into junk territory to B-minus, maintaining a negative outlook. The firm cited expectations of growing state intervention in the economy in the context of weak growth and dwindling reserves, which have dropped almost 20 percent over the last year, Reuters reports.

EXCLUSIVE Latin Trade CFO Miami forum
Region faces obstacles to replicate growth of past decade

Leading Miami-based CFOs gathered for Latin Trade's CFO forum at the Four Seasons Hotel in Miami. External factors and internal challenges will make replicating the growth of the past decade difficult for Latin America, said Joseph P. Quinlan, Managing Director and Chief Market Strategist at U.S. Trust, Bank of America Private Wealth Management. But Mexico is an exception, with its ties to the U.S. economy, a strong manufacturing sector and energy reform, Latin Business Chronicle reports.

Peru's exports to U.S. grow 20 percent from January to October
Gold, gasoline, crude oil and raw silver were among top-performing products in the period 

Peru's exports to the U.S. grew 20 percent from January to October this year, compared to the same period in 2012, Peru's exports association said. The figure represents sales worth $6 billion, driven mostly by traditional products which saw a 35 percent increase in the period. But non-traditional exports saw a 1.5 percent drop, Andina reports.

U.S. considers deal to expand trade in the Americas
Plan to strengthen and re-launch NAFTA could come as early as February 2014: John Kerry

The Obama administration is exploring a regional trade plan for the Americas that would be the most ambitious hemispheric initiative in years. The United States, Mexico and Canada would be “the major block of it, reaching out to the rest of Central America, the Caribbean, Latin America,” said U.S. Secretary of State John Kerry, The Miami Herald reports.

MOREOVER

Barrick laying off 1500 Pascua-Lama workers in Argentina Reuters

Peru's congress gives green light to Talara refinery upgrade Andina

Fox signs production accord with Colombia's Teleantioquia Rapid TV News

France loses out on Brazil jets deal Yahoo News

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