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March 12, 2014

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EXCLUSIVE Discussion with our Top Businesswomen
Business leaders speak about what advice they would give to women in the workplace

A McKinsey study last year revealed some of the reasons as to why gender parity remains elusive in Latin America, such as lack of female role models and different approaches to work. With these challenges in mind, LBC asked a number of our Top Businesswomen two key questions we hope could provide advice to other women who hope to reach the upper echelons of the business world.

Colombia sees Drummond coal exports resuming March 24
U.S. coal miner nears completion of an upgrade to its port to meet new regulation

U.S.-based Drummond is expected to resume its coal exports in Colombia from around March 24, the Colombian government said. The company, Colombia's second largest coal miner, is nearing completion of an upgrade to its port after the government introduced a new environmental legislation in January this year, Reuters reports.

Bachelet sworn in as Chile's President
Socialist leader inaugurated in Valparaíso

Michelle Bachelet (left) was sworn in as the President of Chile for her second non-consecutive term in office. Bachelet won with 62 percent of the vote in a second round of elections in December last year, far ahead of the 38 percent for candidate Evelyn Matthei. During her campaign, she promised to spend some $15 billion on education reforms, improving health care and reducing income disparity. However, analysts say her plans will be hard to finance, as the country's economy has recently slowed down, the BBC reports.

Ecuador court suspends fine against Carlos Slim's Claro
Telecoms firm had been accused in February of obstructing competition

An Ecuador court suspended a $138 million fine against telecom company Claro, subsidiary of Carlos Slim's América Móvil. The fine, which was issued in in February accusing the company of obstructing competition, was revoked after Claro presented an appeal. Claro controls 67 percent of Ecuador's cell phone market, the GlobalPost reports.

Brazil's auto production revs up 18.7 percent in February
Car sales dropped 17 percent from January

Brazil's motor vehicle production surged 18.7 percent in February from January, much higher than the 2.9 percent registered for the previous month, according to the country's automaker's association Anfaeva. Production rose after workers returned from vacations, but levels are still lower than 2013, MSN Money reports.

MOREOVER

Venezuela inches towards new forex platform Reuters

Deutsche Bank Latin America trading head Binaghi departs Bloomberg

Mexico's Carstens sees inflation returning toward 3 percent goal Reuters

Cuba ready to negotiate with EU to normalize ties Caribbean 360

Uruguay plans new measures to control inflation Buenos Aires Herald

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