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February 24, 2014

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EXCLUSIVE Keystone Pipeline: Politics trump logic
The United States would do well to move forward on the project

The ongoing saga of the Keystone XL pipeline best illustrates how a thriving trade, investment, and security relationship between the U.S. and Canada is being strained by a feckless White House. But the greater outrage is the failure to give the green light to a project that brings multiple benefits to the American public, Latin Business Chronicle reports.

Brazil to soften rate hikes as economy nears recession: poll
Economists see country raising its benchmark Selic rate by 25 basis points to 10.75 percent

Brazil's central bank is likely to slow down its pace of rate hikes starting next week, an economists' poll revealed. The move will ease pressure in the economy, which almost dipped into recession last year. A more stable exchange rate and a stricter fiscal policy outlined by Finance Minister Guido Mantega will allow the bank to take a less aggressive stance, Reuters reports.

Nicolás Maduro seeks talks with Obama
A meeting would help 'put the truth on the table'

Venezuelan President Nicolás Maduro (left) invited U.S. President Barack Obama for talks, aiming to settle disputes between the two countries. Maduro has accused U.S. conservatives and media of attempting to overthrow his government. "Let's initiate a high-level dialogue and let's put the truth out on the table," Maduro said, the BBC reports.

Mexico received record $35 billion in foreign investment last year
Amount is 178 percent higher than the $12.7 billion of 2012

Foreign investment to Mexico reached a record high of $35 billion last year. The figure compares with the average annual amount between 2000 and 2012 of $23 billion. Last year's amount was mainly due to Belgian brewer Anheuser-Busch InBev's $13-billion acquisition of Mexico's Grupo Modelo, Reuters reports.

Peru's hotel sector seen growing up to 15 percent this year
Record-breaking rate is in line with government's projection of 14 percent growth in tourism

Peru's hotel sector is seen growing at a record pace of between 13 and 15 percent this year, the Convention and Visitors Bureau of Lima said. The rate is in line with the Foreign Trade and Tourism Ministry's projection of 14 percent growth in tourism this year, driven by the development of international events and corporate meetings, Peru this Week reports.

MOREOVER

Repsol writes off YPF loss as dispute nears end Reuters

Mexico becoming a driving force in auto production Los Angeles Times

Venezuela opposition agrees to talks with Maduro Bloomberg

Argentina announces $3-billion upgrade to armed forces Express

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