Ecuador is becoming Latin America's cocoa king
Andean nation surpassed Brazil's total production of the bean last year
Ecuador's cocoa production grew 13 percent last year to 220,000 metric tons, and is surpassing Brazil as the region's top producer after running education programs for farmers. The country is set to become the world's fourth biggest cocoa producer by 2015, the president of the country's cocoa exporters' association Ivan Ontaneda said, Businessweek reports.
Argentina seeks to negotiate $9.5-billion debt with Paris Club
South American country stopped servicing the debt as part of its default in 2002
Argentina will seek to renegotiate the terms of a $9.5-billion debt it owes to the Paris Club. Talks concerning the debt have been suspended for years, and Paris Club members have been eager to get proposals for it to be payed over a period of time yet to be determined. Argentina stopped servicing the debt as part of its default in 2002, the Telegraph reports.
Rousseff to woo investors at Davos
Brazilian leader to go to forum for first time
Brazilian President Dilma Rousseff (left) is seeking to attract investors to Brazil during her participation at the annual World Economic Forum in the Swiss resort of Davos. But Rousseff's challenge will be to convince investors that Brazil is still attractive despite three years of mediocre growth, while some business leaders blame Rousseff for cooling investor appetite with her administration's constant interference with the country's economy, Reuters reports.
Mexico to make telecoms dominance data difficult to sidestep
Regulator to use wider range of measurements to determine firms' dominance
The Mexican government is working on a complex forula which will identify dominant companies in the sector. The country's regulator will aim to keep large firms in the sector from manipulating their numbers to avoid regulation by using a wide range of measurements, including, not only subscriber numbers, but investments and infrastructure data, Bloomberg reports.
Europe considering closer ties with Cuba
European Union countries are considering improving relations with Cuba, under the condition that Havana respects human rights, Spanish Foreign Minister José Manuel García Margallo said. García added that EU countries have considered asking the European Commission to explore a possible association accord with Cuba, ABC News reports.
Welcome to Mariel, Cuba - the new port giving berth to hope Guardian
Chinese dam business in South America on the rise China Daily
When it comes to real estate bubbles, China's got nothing on Brazil Forbes
Mexico and Guatemala to build $1.2-billion gas pipeline Reuters