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January 17, 2014

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Brazil authorizes more flights to meet World Cup demand
Some 2,000 extra flights have been allowed to operate between 25 airports

Brazilian aviation authorities have given green light to some 2,000 flights to cope with demand during the World Cup. But air fares and hotel prices have sparked controversy, despite some airlines capping their prices. Authorities have also suggested they will allow foreign companies to operate domestic routes if there is evidence of abusive price hikes, BBC reports.

Carlos Slim's Telmex ordered to stop divesting assets
Analysts believe the firm is attempting to bypass regulations

A Mexican court has ordered Carlos Slim's fixed-phone line company, Telmex, to stop divesting assets. Analysts and rivals believe Telmex is divesting in order to bypass regulations. Analysts also said Telmex is spinning off a unit that hold assets to get them off the books of parent company América Móvil, Reuters reports.

Chile has $40 billion in delayed mines
Environmental and regulatory issues have held up projects

Chilean President-elect Michelle Bachelet (left), must find a solution to reactivate the $40-billion worth of mining projects which have been put on hold or delayed, the country's mining association, Sonami, said. Despite the delays, Sonami maintains its forecast of $100 billion worth of investments in the sector, according to Alberto Salas, president of the association, MetalMiner reports.

Chinese investment in Mexico has yet to reach full potential
Ambassador Julián Ventura says there is a lot of room to grow considering bilateral trade volume

Chinese investment in Mexico has yet to reach its full potential given the bilateral trade volume, which totaled $62 billion in 2012, Mexico's Ambassador to China, Julián Ventura said. Foreign direct investment to Mexico grew 115 percent to almost $24 billion in the first three quarters of 2013, while Chinese investment to the country totaled $280 million through September, Fox News Latino reports.

Colombia's Mineros sees output growing after FARC attacks
Firm is also seeking to purchase gold assets in Latin America 

Colombia's largest gold miner, MIneros, has forecast a growth in output this year after its 2013 profits were hit by low prices and attacks by FARC rebels, CEO Beatriz Uirbe said. The company is also seeking to buy gold assets as part of its expansion plans, particularly projects in Latin America which are already producing, Uribe said, Bloomberg reports.

MOREOVER

Louis Dreyfus may sell Brazil biomass plants Reuters

Brazil's booming beauty industry births a new billionaire Forbes

Fitch: Outlook stable for Colombian insurance market Yahoo Finance

Cuba to further strengthen cooperation ties with Venezuela Cuba News

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