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January 6, 2014

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EXCLUSIVE Women are key to growth: Omnilife CEO
Women have been a driving force behind economic growth in region, says World Bank 

When men and women share decision-making power on companies’ boards of directors or top management, income increases by 20 percent, says Grupo Omnilife CEO Angélica Fuentes. But in Latin America, the wage gap remains extremely wide, with male workers earning on average 25 percent more than women, according to the World Bank, Latin Business Chronicle reports.

EXCLUSIVE interview: Goodyear Latin America regional President
Jaime Cohen Szulc discusses importance of innovation for success in the region

LBC interviewed Jaime Cohen Szulc, President for the Latin American region of Goodyear Tire & Rubber Company, who discusses the company's commitment to small businesses in the region, as well as adapting to its growing and dynamic market conditions. To succeed in Latin America, "you have to be good at two things: processes and innovation," says Cohen Szulc.

Ecuador and European Union to resume trade deal talks
Agreement could be sealed by end of this year, says President Rafael Correa

Ecuador and the European Union have agreed to start the first round of talks of a multipart trade agreement on January 13. talks were stopped in 2009 after Ecuador withdrew, but were reactivated under instructions from President Rafael Correa. The parties will discuss market access for agricultural and industrial products, trade and geographical indications, Bernama reports.

Telefónica denies joint bid for TIM Brasil
Italian press report said company was preparing takeover deal

Spanish telecoms firm Telefónica denied it was taking part in a joint bid for Telecom Italia's Brazilian operator TIM Brasil. An Italian press report said Telefónica was looking for a joint deal with América Móvil and Oi to take over TIM Brasil and break it up. But Telefónica issued a statement denying its involvement, adding that it had not had any contact with Brazilian regulator Cade over the deal, Reuters reports.

Trade with Argentina will never be the same, says Uruguay minister
Industry Minister Roberto Kreimerman to attempt to soothe trade disputes with Buenos Aires

Uruguayan Industry, Energy and Mining Minister Roberto Kreimerman said he will try to ease trade disputes with Argentina in order to reestablish trade relations. But Kreimerman said trade relations between both countries may never return to previous levels. "It's not only for things that Uruguay can negotiate, but also due to Argentina going through a tough time," he said, the Buenos Aires Herald reports.

Brazil seen growing less than 2 percent this year
Analysts lowered 2013 growth forecasts to 2.28 percent

Brazilian economists have lowered their growth predictions for Brazil this year to 1.95 percent from a previous 2 percent, the first time forecasts dip below 2 percent. Analysts also lowered their 2013 growth forecasts to 2.28 percent from 2.30 percent last week. The government said it will continue to auction infrastructure projects in an effort to attract investment, Bloomberg reports.

MOREOVER

The UK is a lion that roars but does not inspire fear: Argentina Telegraph

Argentina launches new price control program MercoPress

Bolivia sees Dakar Rally boosting tourism Business Standard

Flemingo plans 40 store openings this year with Costa Rica debut Moodie Report

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