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January 24, 2014

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EXCLUSIVE The risk of a Brazilian 'selfie' in Davos
Which Brazil will Dilma Rousseff present this week?

Brazilian President Dilma Rousseff will take the platform at the World Economic Forum on Friday, where she will have half an hour to regain investors' confidence in the country. But Rousseff's efforts may prove counterproductive should she make a 'selfie' number; a long, self-congratulatory speech listing the achievements of successive PT governments, Latin Business Chronicle reports.

Latin America and Spain rebalance their economic relations
Mexican firms were the biggest investors in Spanish companies last year

The economic bond between Latin America and Spain, its biggest former colonial power, is shifting as the region’s economies mature. After two decades in which Spain amassed assets worth $200 billion in Latin America, last year was the first in which Latin American companies spent more on acquiring their Spanish counterparts than the other way around, The Economist reports.

Argentine President ends long silence
Cristina Fernández dismisses health speculations

Argentine leader Cristina Fernández de Kirchner made her first public appearance in six weeks for a press conference, ending a silence which had led to speculation about her health. The opposition suggested she had disappeared as the country's economy worsened. "They wanted to create the impression among the Argentine people that I couldn't do it anymore," she said, referring to the media. During the conference, Fernández revealed plans to help the country's unemployed, BBC reports.

Chile and Peru see maritime dispute ending as Hague ruling nears
'It took us 200 years but we're doing it,' says Peru former Foreign Minister Jose García Belunde

The Governments of Chile and Peru are expecting a decades-old maritime dispute to come to an end when the it comes to its final ruling next week at the International Court of Justice at the Hague. The court will rule on Peru's claim over 38,000 square kilometres of Pacific Ocean that Chile controls, as well as a claim over a slice of international waters, Reuters reports.

Argentina's trade surplus plunges 67 percent
Exports dropped 13 percent to $5.4 billion in December 2013

Argentina's trade surplus dropped 67 percent on the year in December to $272 million after a drop in exports that month. Exports fell 13 percent to $5.4 billion last month, while imports dropped 5 percent to $5.18 billion. For the whole year, Argentina's trade surplus fell to $9 billion from $12.4 billion in 2012, MarketWatch reports.

MOREOVER

Mexico eyes seven multinationals in tax avoidance probe Reuters 

Argentina to ease currency controls after peso devaluation Bloomberg

Tecnicas Reunidas seen winning $2.7 billion refinery in Peru Businessweek

Ecuadorian airline Tame suspends flights to Venezuela BBC

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