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February 19, 2014

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EXCLUSIVE Samsung unveils new products for region
Tech firm presented its new line at its Latin America Forum this month

Korean firm Samsung unveiled its new product line for the region during the company's annual Latin Forum, held this year in Cancun, Mexico. Technology is a rapidly growing market in the region, with tablet sales growing 80 percent last year. Among the products Samsung unveiled for Latin America are ultra high-definition TVs, tablets and appliances, Latin Business Chronicle reports.

EXCLUSIVE Samsung offers B2B solutions for modern enterprises
Korean firm looks at new markets to keep its growth pace

Samsung has earned a reputation as an innovation leader for its electronics in the Latin America market. LBC spoke with Marcelo Zuccas, Vice-President of Business Enterprise at Samsung Latin America. The company has grown from $40 billion in sales in 2002 to $180 billion in 2012. "It's time to attack new markets, and B2B is one of them," Zuccas said.

Colcafé joins forces with Mitsubishi
Companies to expand coffee business in Malaysia

Mitsubishi Corp. and Colcafé, a subsidiary of Colombia's Nutresa, have agreed to establish a joint venture in Kuala Lumpur, Malaysia, as a base to expand the coffee business in Asia. The companies are seeking to take advantage of a rapidly-growing demand for instant coffee in Asia, Digital Journal reports.

Argentina asks U.S. Supreme Court to hear bonds case
Move increases investor concerns about a potential debt crisis  

The Argentine government filed an appeal with the U.S. Supreme Court  seeking to reverse a lower court ruling ordering the South American country to pay $1.3 billion to hedge fund creditors. Argentina claims the lower court ruling "threatens the well-being of Argentina and it's citizens, as well as the countless holders of performing Argentine debt," Reuters reports.

Wal-Mart de México's fourth quarter profit drops 12.7 percent
Mexico's biggest retailer hit by sliding consumer confidence

Wal-Mart de México's profits for the fourth quarter 2013 dropped 12.7 percent, to $558 million, compared to the same period a year before, as discounts and offers failed to slow down a slide in consumer confidence. New taxes approved last year caused Mexico's consumer confidence to drop for the fifth month in January this year, Reuters reports.

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