EXCLUSIVE Colombia: new frontier for private equity
Andean nation provides attractive investment opportunities
Colombia is seeing a critical moment in the private equity market, with a number of investments scheduled for an exit this year or 2015. Despite facing some challenges, the Andean country has become more attractive for investment. Its private equity market has seen compounded annual growth of 62 percent since 2005, Latin Business Chronicle reports.
Economists cut Brazil growth forecasts for this year and 2015
Above-target inflation takes toll on demand
Brazilian economists have lowered their growth forecasts for this year and next, due to inflation affecting demand in the world's second-largest emerging market. For this year, economists predict Brazil will grow 1.7 percent and 2.1 percent next year, down from last week's forecasts of 1.9 and 2.2 percent respectively, Bloomberg reports.
Maduro expels three U.S. officials
Move triggered by U.S. siding with opposition leader
Venezuelan President Nicolás Maduro (left) ordered the expulsion of three U.S. Embassy officials on Sunday, after the U.S. defended an opposition hard-liner who is held responsible by Maduro of the deadly violence during anti-government protests. Maduro withheld the names of the officials, but said there was evidence they were infiltrating universities, Yahoo reports.
Mexico, U.S. and Canada leaders to boost economic ties
Three North American Presidents seek to take advantage of the Trans-Pacific Partnership
The Presidents of the U.S., Canada and Mexico will gather this week in Mexico to attempt to strengthen economic ties. U.S. and Mexican officials see theTrans-Pacific Partnership as a logical extension to the North American Free Trade Agreement. A more unified North America is better able to hold its own with China as commerce across the Pacific grows, officials say, the Los Angeles Times reports.
Brazil to lead world in soy output: Dilma Rousseff
State-run Conab sees soybean production reaching 90 million tons this year
Brazil will become the world's largest soybean producer this year, President Dilma Rousseff said. Her comment is based on calculations by state-firm Conab, which forecasts a grain harvest of some 193 million tons this year, of which 90 million will be soybeans. "It will be a new production figure that will show the power of Brazilian agriculture," Rousseff said, Fox News Latino reports.
Diplomatic incident almost triggers another Mercosur stall MercoPress
Batista's Oleo e Gas abandons seven oil exploration leases Reuters
Peruvian President Ollanta Humala's popularity hits eight-month high Reuters
Will Chromebooks take Brazil by storm? ZDNet
Mexico's peso climbs for third day as crude price increases Bloomberg