EXCLUSIVE A lesson from Chinese-Argentine relations
What Latin America can learn from Argentina's experience with the Asian giant
When talks collapsed between Chinese financiers and the Argentine government concerning the funding of hydroelectric facilities, it provided important insights into how China maintains relationships with its partners. This article looks at how the Asian giant deals with countries when it feels they fail to live up to their commitments, and what Latin America can learn from Argentina's experience, Latin Business Chronicle reports.
Exclusive interview: Javier Rodríguez Della Vecchia, Zurich
In this LBC interview, Javier Rodríguez Della Vecchia, General Insurance CEO for Zurich Insurance Mexico, discusses Mexico's business environment and opportunities, and the areas where the insurance sector can benefit. Although Rodríguez says the country's new tax reforms have cast some shadows over the insurance industry, the energy reform could provide an opportunity.
Maersk Line creates regional company for the Americas
New affiliate to start operations in January 2015
Danish container shipping firm Maersk Line announced the creation of SeaLand, a new division dedicated to intra-American trade. The new affiliate will start operations in January 2015. SeaLand will meet the needs of Latin American customers that ask for local, customer specialists that are empowered to act quickly and respond to changes in the market, Latin America CEO Robbert Van Trooijen said, MarineLink reports.
Chinese oil firms eye Mexico
Companies interested in several sectors: Ambassador
Mexico's recent energy reform has attracted the attention of Chinese oil companies, Mexican Ambassador to China Julian Ventura said. The diplomat added that companies have made approaches in other sectors, not just energy, enquiring about Mexico's legal framework to identify opportunities in the different sectors. Mexican President Enrique Peña Nieto (left) is planning to visit China for the Asia-Pacific Economic Cooperation forum in October, Ventura said, the GlobalPost reports.
Colombia bans Drummond's coal loading operations
U.S-based firm faces up to 4 million metric tons in lost shipments
Colombia has ordered U.S.-based Drummond Company to halt its coal loading activity in the country until it complies with new port regulations. Drummond was ordered to change its current loading system, which uses barges and cranes, to a conveyor belt system, which the company expects will be ready by March this year, Bloomberg reports.
Mexico's 2013 auto production and exports hit record high
Strong demand from U.S. and Canada fueled growth
Mexico's car production grew 1.7 percent to more than 2.9 million units last year, compared to 2012, the country's auto industry association, AMIA, said. Exports grew 2.9 percent from a year before, marking a record for the fourth consecutive year in both production and exports, AMIA said. The association said strong demand from the U.S. and Canada accounted for the growth, Reuters reports.
Chile's Falabella to invest $4.1 billion in next four years Reuters
Grupo México considering shale ventures Bloomberg
Pay television reaches 50 percent of Latin Americans Rapid TV News
Paraguay ready to return to Mercosur Bernama