EXCLUSIVE New resources for region's SMEs
Learn more about Latin Trade and IDB's Connect Americas event
Small and medium enterprises represent 90 percent of all firms in Latin America and generate 50 percent of all jobs. But they also have to deal with more barriers to doing business than their larger counterparts. For these reasons, Latin Trade Group and the Inter-American Development Bank have partnered in an effort to promote SME development in the Americas, LBC reports.
China's Foreign Minister to start Latin America trip
Wang Yi to visit Cuba, Venezuela, Argentina and Brazil
Chinese Foreign Minister Wang Yi (left) will pay visits to four Latin American countries from April 19 to 26. Wang will visit Cuba, Venezuela, Argentina and Brazil. China hopes that Wang's visit to the four countries will enhance high-level exchanges, boost pragmatic cooperation and beef up exchanges and cooperation between foreign ministries of China and the four countries, The Global Times
Mexico sets minimum bid price for new TV networks
Telecoms authority says bidding process to conclude next year
Mexico's telecommunications regulator IFT has set a minimum bid price of $63 million for two new nationwide free-to-air television networks to be put up for auction. Companies interested in participating also must make a "guarantee of seriousness" payment of $34 million to compete for the networks and their 246 affiliated stations, Fox News Latino reports.
Venezuela to align exchange rates: Bank of America
Single valuation to be 45 bolivars per dollar next year
Venezuela will replace its three legal foreign-exchange rates with a single valuation of 45 per dollar next year, representing a devaluation of as much as 86 percent, according to Bank of America. “The government faces no major electoral constraint to a large devaluation of the currency,” Francisco Rodriguez, senior Andean economist at the North Carolina-based bank said, Bloomberg reports.
Mergers and acquisitions in Brazil off to a good start
Firms announced some $14.21 billion worth of deals in the first quarter
Brazilian mergers and acquisitions are off to a good start this year as buyers took advantage of a weaker currency and cheaper valuations to clinch deals in the country. Brazil's mergers and acquisitions deal flow remained robust despite mounting global market turmoil stemming from the Ukraine political crisis and eroding confidence in Brazil as growth slowed and inflation quickened, Reuters reports.
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