EXCLUSIVE LBC 2014 Outlook
Latin Business Chronicle's predictions for the region this year
LBC spoke with regional analysts, economists, CEOs, and others to get their insight on where the region will head this year. All eyes will be on the two largest economies, as Mexican President Enrique Peña Nieto's administration plans to pass more reforms to spur growth, while Brazil, host of the World Cup, is one of seven countries in the region to hold presidential elections this year.
EXCLUSIVE interview: Poul Hestbaek, Hamburg Süd
LBC interviewed Poul Hestbaek, Senior Vice President for Latin America and the Caribbean West Coast at Hamburg Süd. Hestbaek discusses the trends and challenges he sees in global trade, as well as the impact of the Panama Canal expansion on trade flows in the United States and Latin America.
Italy sees potential in Mexico's energy
Enel Green Power vowed to invest in Mexican renewables
Italian Prime Minister Enrico Letta (left) said he sees opportunities for Italian energy firms to invest in Mexico, after Mexican President Enrique Peña Nieto opened the sector to foreign investment last month. He also sees scope for Italian investment in other Mexican sectors including telecoms, defense and infrastructure."The reforms that President Peña Nieto began to enact last year, and continues to enact this year, open very interesting opportunities for Italian businessmen and for our country," Letta said, Reuters reports.
Honduras to use mobile stores on streets to fight speculation
Some 20 units will travel through Tegucigalpa and San Pedro Sula selling basic goods
The Honduran government will deploy mobile stores selling basic goods in an effort to crack down on speculation by companies over an increase in business taxes aimed at narrowing the country's deficit. Some 20 stores will travel through the streets of Tegucigalpa and San Pedro Sula, selling goods including flour, rice, beans, sugar and soap, Bloomberg reports.
Paraguay seeks to become world's fifth beef exporter by 2018
Land-locked Mercosur member exported $1.3 billion in meat products last year
Paraguay is aiming to become the world's fifth beef exporter by 2018, as well as the world's third consumer, Industry Minister Gustavo Leite said. In order to achieve the goal, the government will incorporate some 120,000 farmers to a national production program that will use modern technology and improve sanitary practices, MercoPress reports.
Reliance Industries eyes stake in Venezuelan oil block Economic Times
Brazil stocks climb as Oi rallies after merger clears review Bloomberg
LATAM Airlines December passenger traffic drops 1.8 percent Reuters
Venezuela's Maduro re-shuffles economy-related ministries El Universal