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February 28, 2014

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Trafigura seeks mining deals in Brazil
World's second-biggest metals trader acquired controlling stake in Batista's Sudeste port

Amsterdam-based Trafigura Beheer is eyeing investments in Brazil, after it acquired a 65 percent stake in Eike Batista's Sudeste port for $400 million. Trafigura purchased the stake in the port, located some 56 miles west of downtown Rio de Janeiro, along with partner Mubdala Development. The move gives the firms a foothold to export iron ore mined in Minas Gerais bound for Asia and Europe, Bloomberg reports.

Peru grows faster than other countries with same rating: Fitch
Andean nation has recorded average growth of 5.6 percent in the last five years

Peru's growth rate is faster than any other country with a BBB+ rating, but with low inflation levels, ratings agency Fitch said. While other countries grow at the same rate or even faster, they do so by generating inflation and macroeconomic imbalances, director of Fitch Ratings' Latin America Sovereign Group Erich Arispe said, Andina reports.

Mazda Mexico plant 'most important'
New factory has annual capacity of 230,000 cars

Mazda's new plant in Salamanca, Mexico, is the company's most important global strategic base, chairman Takashi Yamanouchi (left) said. The new factory, opened Thursday by Yamanouchi, has an annual production capacity of 230,000 cars, and is the company's only North American plant, Automotive News reports.

Brazil's economy ends 2013 on a high note
Latin America's largest economy grew 2.3 percent last year

Brazil's economy expanded 0.7 percent in the fourth quarter last year, compared to the previous quarter, the government's statistics agency IBGE said. The amount is twice as much as forecast by economists, and pushes Brazil's total growth for the year to 2.3 percent. It also gave President Dilma Rousseff a popularity boost, as she tries to rebuild her credibility with business leaders, Reuters reports.

BBVA Chile to launch first money transfer app using Facebook
New service is the first of its kind in Latin America

The Chilean unit of Spanish bank BBVA will launch in March a money transferring service using Facebook. The company chose Chile due to the social network's popularity in the country, where more than 90 percent of citizens with Internet access have an account. The service is also the first of its kind in Latin America, Yahoo News reports.

MOREOVER

Merlin Entertainments eyes Latin America expansion Telegraph

China diversifies investment in Latin America Global Times

Peru and California sign pact to strengthen ties Andina

Colombia's investment in Peru seen reaching $9.6 billion this year Andina 

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