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March 14, 2014

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EXCLUSIVE Measuring social impact of philanthropy
New trends in how charities measure impact help people get the most out their donation

The complex world of philanthropy requires the action of thousands of organizations working for causes around the world and depend on individuals or large foundations for donations. LBC asked Worldfund Executive Director Angélica Ocampo and Katherina M. Rosqueta, Founding Executive Director at the Center for High Impact Philanthropy at the University of Pennsylvania, how donors can get the best banf for their buck’.

Brazil gives $5.1-billion boost to utilities facing drought
Southern hydroelectric dam levels have hit their lowest levels since 2001

Brazil unveiled a $5.1-billion aid package to utilities facing the most severe drought in four decades. The aid will help utilities cope with record-high spot prices as the dry weather has reduced southern hydroelectric dam levels to their lowest since 2001. Measures include additional Treasury subsidies, Bloomberg reports.

Carrefour eyes Brazil private stake sale
Potential bidders include Abilio Diniz

French retailer Carrefour is seeking to sell a stake of its Brazilian unit. The sale is expected to raise some $2.1 billion, and potential bidders include Brazilian tycoon Abilio Diniz (left) and a sovereign wealth fund. Carrefour sees a private stake sale as a more feasible option than an initial public offering, as capital markets activity in the country, including share offerings, is off to its worst annual start since at least 2004, Reuters reports.

Mexico likely to present telecoms reform fine print on Friday
Secondary laws to reveal details of reform aimed at boosting competition in the sector

The Mexican government may send to the Senate as soon as Friday this week the secondary laws that outline the details of a telecoms reform approved late last year. The reform is aimed at boosting competition in the TV and phone sectors, currently dominated by broadcaster Televisa and Carlos Slim's América Móvil, Reuters reports.

Argentina wants talks with Chile on Pascua Lama mining project
Barrick Gold's project is stalled in Chile on environmental concerns

The Argentine government is seeking to hold talks with Chile's new government regarding the stalled binational Pascua Lama mine. The project is stalled in Chile due to environmental concerns. The aim of the talks is to try to "understand what the dynamics in Chile are and as a result, understand what the future timeframe for the project will be in Argentina," Mining Secretary Jorge Mayoral said, Fox News Latino reports.

MOREOVER

Argentina thanks Mexico and Spain for Repsol agreement help Fox News Latino

ICA falls as Mexico builder says it's owed $200 million Washington Post

El Salvador confirms Sánchez Cerén election victory Bloomberg

Brazil oil watchdog has 'conservative stance' on 2014 auctions Rigzone

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