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April 22, 2014

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EXCLUSIVE Mexican CFOs remain upbeat amid decline
Region's financial executives are less optimistic than a year ago, poll shows

Latin American CFOs are less optimistic after being the most upbeat in the world a year ago. As growth rates have slowed amid lower commodity prices and reduced global demand, so optimism has fallen, says John Graham, Professor of Finance at Duke University. “Latin Americans seem to be taking a pause in their outlook, no longer expecting the high growth they saw in the past decade,” he adds, LBC reports.

Five of region's top investment states are in Colombia
Bogotá ranked most business friendly city in South America

Colombia has five of the top 10 states with the best direct foreign investment strategies in all of South America, according to new rankings from London’s Financial Times. The report says the state of Atlántico, on the country's northern Caribbean coast, is the best state for foreign investment. Colombia's capital Bogotá was ranked the city with the best 'Business Friendliness' in South America. Colombia Reports.

Dubai's trade with Latin America grows 26 percent
Region's exports to Dubai dominated by Agricultural goods

Dubai's trade with Mexico, Chile, Argentina and Brazil grew 26 percent last year. Trade between Mexico and Dubai alone grew 56 percent compared with 2012, with Mexican cargo transport vehicles and phone devices accounting for most of the trade. The Prime Minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum (right), is currently touring the four Latin American countries, Emirates 24/7 reports.

India's Hero MotoCorp plans Latin America base
Motorcycle maker to install manufacturing plant in Colombia

India's Hero MotoCorp, the world's largest motorcycle maker by volume, is planning to expand its manufacturing operations to Latin America. The company has completed all formalities for setting up a manufacturing plant in Colombia and is in the process of incorporating a subsidiary in the country. The move will make Hero MotoCorp the only Indian motorcycle maker with manufacturing operations in the region, The Economic Times reports.

Mexico to lead region's drilling recovery: Halliburton
Company sees regional oil drilling slump coming to an end

Latin America’s oil drilling slump may be drawing to a close, according to Halliburton, the world's second-largest service provider. The company expects high single-digit sales growth in the region this quarter as a pickup in Mexico counters Brazil’s slowdown, Chief Financial Officer Mark A. McCollum said, Bloomberg reports.

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Thirteen Latin American olive oils win awards at New York competition Olive Oil Times

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