EXCLUSIVE Brazil: A natural partner for the U.S.
LBC spoke with U.S. Ambassador to Brazil about opportunities for both countries
U.S.-Brazilian relations suffered a blow last year when leaks by Edward Snowden revealed that the U.S. National Security Agency, NSA, had been spying on Brazilian President Dilma Rousseff. But despite these challenges, U.S. Ambassador to Brazil, Liliana Ayalde, says the bilateral relationship is too strong to be damaged. LBC spoke with Ambassador Ayalde about business and trade opportunities for both countries.
Colombia's real estate market is cooling: Housing Minister
Decade of rising prices has limited families' abilities to buy a new home
Colombia’s residential real estate market is cooling after a decade of rising prices stretched families’ ability to buy a new home, the country's Housing Minister Luis Felipe Henao said. The number of new high-end housing developments has fallen, while builders are taking longer to sell homes in projects coming onto the market, Henao added, Bloomberg reports.
Starwood Hotels bets on Latin America
Firm seeks to increase presence in region by 20 percent
U.S. firm Starwood Hotels will re-enter Bolivia after a 30-year absence. The company is seeking to increase its presence in Latin America by 20 percent through 2016. The company is already the largest high-end hotel operator in the region, with Mexico being its seventh largest market worldwide, Fox Business reports.
Brazil raises key rate for ninth straight meeting to 11 percent
Central bank signalled last February that rate tightening might soon end
Brazil's central bank signaled that the world’s longest rate tightening cycle might be coming to an end and raised borrowing costs for a ninth straight meeting. The bank’s board, led by its President Alexandre Tombini, today voted unanimously to raise the Selic rate to 11 percent from 10.75 percent, Bloomberg reports.
Satellite lets Bolivia cut costs of Internet and cellular connections
State-owned Entel will use cost savings to cut rural customers' cable TV and radio bills
Bolivian President Evo Morales inaugurated commercial services from the country's first telecoms satellite. The satellite will allow for lower prices for Internet and cellular phone connections, Morales said. State-owned telecoms company Entel will use those reductions to cut rural customers' bills for cable television and radio, Fox News Latino reports.
Challenges Wal-Mart faces in Mexico and China Forbes
Brazil Finance Minister forecasts 2014 growth similar to 2013 MNI News
Iveco suspends manufacturing in Venezuela Bloomberg
Colombian pension funds to invest $12.7 billion in roads Reuters