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April 2, 2014

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EXCLUSIVE The cybersecurity threat in Latin America
Region's growing use of credit cards and online shopping call for more Internet safety

Until last year, cybersecurity wasn't in the minds of most Latin Americans. But that all changed with former NSA contractor Edward Snowden and revelations that the U.S. government monitored the communications of some regional leaders. Add in the growing use of credit cards, online shopping and cyber crime, and it becomes apparent that cybersecurity is a huge policy issue in the Americas, LBC reports.

Remittances to Mexico up 7.15 percent in January and February
Immigrants sent $3.26 billion in the first two months of the year

Remittances to Mexico reached $3.26 billion in the first two months of the year, a 7.1 percent more than the $3.04 billion for the same period last year, the Bank of Mexico said. During the two-month period, the average remittance was $291.7, compared with the $289.5 average registered in the first two months of 2013, Fox News Latino reports.

Venezuela fights food shortage with ID cards
New measure is first step towards rationing, critics say

The Venezuelan government created a new ID card system aimed at tackling food shortage in the South American country. But critics believe it's the first step towards a rationing system. President Nicolás Maduro (left) says the card will track families' purchases in order to help stop people who stock up on subsidised prices and later re-selling them at inflated prices, The Guardian reports.

Energy rationing looms for Brazilian aluminum makers
high energy costs and declining metal prices cause companies' production to hit 12-year low

Brazilian aluminum companies are expecting the government to ration energy supplies as a drought hits hydroelectric generation in the country. The companies are producing at 12-year lows due to high energy costs and a decline in metal prices. Rationing is “almost certain” within a year, Tito Martins Jr., chairman of the Brazilian Aluminum Association said, Businessweek reports.

Peru's economy seen growing 5 percent in first quarter this year
Growth to be fuelled by an increase in country's domestic demand

The economy of Peru is expected to grow 5 percent in the first quarter this year, compared with the same period in 2013, according to the country's private pension fund association, AAFP. Growth will be fuelled by an increase in the country's domestic demand and economic recovery in the U.S., Japan and some European countries, Andina reports.

MOREOVER

Brazil watchdog lifts suspension of Oi offer Reuters

Argentina says March tax income jumps 31 percent year on year Yahoo Finance

Mexico to grow most in five years in 2015: Finance Ministry Bloomberg

Singapore's GIC opens office in Brazil Today Online

BTG Pactual CEO sees no immediate need for regional acquisitions Reuters

Tsunami alert after 8.2 magnitude quake strikes off Chile BBC

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