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February 5, 2014

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EXCLUSIVE FedEx helps boost region's small enterprises
Global delivery company offers solution for small and medium companies' shipping needs

In a region where 99 percent of businesses are small and medium enterprises, which employ 67 percent of the region’s working population, improving those companies’ efficiency should be a priority. To address this issue, FedEx Express has launched a new product: FedEx Ship Manager Lite, to increase the ease and efficiency for small enterprises' shipping needs, Latin Business Chronicle reports.

Mexico's energy reform presents challenge for CFE: Fitch
State-utility faces loss of industrial demand, its highest margin contributor

While Mexico's energy reform is set to benefit state oil firm Pemex, it presents a challenge for CFE, the country's state-owned electricity utility CFE, Fitch said. Challenges for CFE include loss of industrial demand, its highest margin contributor. "CFE could see the impact of energy reform sooner than Pemex," Fitch Director Lucas Aristizabal said, Reuters reports.

KLM launches direct flights to Chile
Santiago de Chile is Dutch carrier's ninth destination in region 

Dutch flagship airline KLM launched three weekly direct flights to Santiago de Chile, the carrier's ninth destination in the region. "In recent years, South America and Chile in specific have been demonstrating positive economic development. Santiago fits perfectly into KLM’s strategy in which we focus on emerging markets in South America," Chief Operating Officer and deputy CEO Pieter Elbers said, Dutch Daily News reports.

Spanish official visits Mexico to talk business and trade
Mexican exports to Spain reached $7.9 billion last year 

Spanish Secretary of State Jaime Garcia-Legaz is in Mexico to agree on the topics to be discussed during the next meeting of the Spain-Mexico Binational Commission. García-Legaz pointed out that Mexico is the leading market for Spanish exports to Latin America, with a volume estimated at more than $4.05 billion last year, Fox News Latino reports.

Brazil's Petrobras is losing its luster, analysts say
Company's value declined more than 20 percent last year

Brazilian state oil company Petrobras is struggling to maintain its production levels of the past, making it decline from its world-leading position in offshore oil production, according to analysts. "The company is pedalling quite hard to stand still," said Oliver Leyland, a fund manager at Mirae Asset Global Investments in New York, UPI reports.

MOREOVER

Venezuela cancels U.S. dollar auction over 'anomalies' Reuters

The next generation of Latin America's top fortunes Worldcrunch

Euroconsult to organize Latin American satellite summit Rapid TV News

Mexico and Cuba among leaders of long-haul flight growth Travel Weekly UK

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