EXCLUSIVE interview: Susan Segal, Americas Society
LBC interviewed Susan Segal, President and CEO of the Americas Society/Council of the Americas. Segal discusses what Latin America must do to stay competitive in the 21st century, including growth with social inclusion. Susan Segal talked to Latin Trade at the most recent Latin Trade Symposium, held in Miami, Florida.
Hapag-Lloyd wants deal with Chile's Vapores by end of January
Chilean firm is struggling with steep losses caused by fuel prices and low freight rates
German container shipping firm Hapag-Lloyd is close to striking an acquisition deal with Chile's Compañía Sud Americana de Vapores. "We want to reach an agreement by the end of January," a Hapag-Lloyd manager said. Under the agreement, Vapores, which has a market capitalization of $845 million, will take a 35 percent stake in Hapag-Lloyd, Reuters reports.
GPA's sales jumped 16 percent
Wholesale and food segments boosted growth
GPA, Brazil's largest retailer, saw its net revenue rise 16.2 percent to $7.2 billion in the fourth quarter of 2013. Net revenue at GPA Alimentary, the food segment mainly represented by the Pão de Açúcar supermarket brand (left), climbed 17.2 percent in the fourth quarter, while net revenue for the wholesale segment, surged almost 38 percent as Brazilians prepared for year-end holidays, Reuters reports.
China to become Latin America's second export market by 2016
Asian giant's trade value with the region is seen reaching $400 billion: ECLAC
China will replace the European Union as Latin America's second export market, given the current growth rate, according to a study by the United Nations Economic Commission for Latin America and the Caribbean, ECLAC. Overtaking Europe is possible If Chinese demand for Latin American products continues with its rate of growth of the past three years, China Daily reports.
Peru to grow 6 percent in first quarter of 2014: Central bank
Exports and mining projects to boost Andean country's growth this year
Peru's economy is expected to grow 6 percent in the first quarter of the year, the country's central bank said. Growth this year will be boosted by an improved international environment, increased Peruvian exports and the startup of new mining projects such as Toromocho, the bank said, Andina reports.
Argentine billionaire in talks with Eike Batista on plant stake Bloomberg
Embraer grows in China's aircraft market China Daily
Iran seeks to boost ties with Venezuela, Cuba and Bolivia Fars News Agency
Argentine bonds plunge most in year on waning invstor sentiment Bloomberg