EXCLUSIVE Latin Trade Webinar: Developing the CFO
Featured speaker: Microsoft Brazil CFO Roberto Palmaka
Latin Trade's CFO Events hosted the webinar 'Developing the CFO: Gaining the Experience and Exposure for Sustained Career Success'. The event was aimed at exploring what it takes for a financial professional to become a strategic visionary with a strong business acumen. The keynote speaker for the event was Microsoft Brazil CFO Roberto Palmaka. Click here to create a login and listen to the webcast.
EXCLUSIVE Re-emerging markets
Productivity and innovation will mark success in the new global economy
The concept of “emerging markets” emerged in the last few years as an idea associated with the future of the world. Demographics, territorial scale, low production costs, easy access to commodities - all signs of change in the geo-economic axis. Countries such as the BRICs were destined to, slowly,lead a process of convergence of emerging markets with the development pattern of development economies. But the honeymoon with emerging markets has ended, Latin Business Chronicle reports.
Asia becomes top destination for Venezuelan oil
North America takes second place after crude exports dropped 11 percent
Asia has overtaken North America as the top destination for Venezuelan crude oil and processed fuels, according to the South American country's state oil firm PDVSA. Asia received some 1.04 million barrels per day from Venezuela in 2013, up a fifth compared with the previous year. Meanwhile, exports to the United States, Canada and Mexico fell 11 percent to 879,000 barrels per day, Reuters reports.
Chinese lending to Latin America
Asian giant has committed almost $100 billion to the region
China’s demand for commodities has entrenched Latin America’s position as a supplier of raw materials. The country consumes oil from Venezuela and Ecuador, copper from Chile, soybeans from Argentina, and iron ore from Brazil. China committed almost $100 billion to Latin America between 2005 and 2013, of which 85 percent has gone to mining, infrastructure and energy, and the loan figures are expected to rise, The Economist reports.
Brazil will be ready, says Rousseff to FIFA President
Statement comes as county struggles to finish work needed for World Cup
FIFA President Sepp Blatter (right) says he has been "reassured" by Brazil's president that the country will be ready to host the World Cup. Blatter said that he had "another very positive phone conversation" with Dilma Rousseff. She told him that "all will be in place to welcome the teams and the fans" at the World Cup in nine weeks, Reuters reports.
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