EXCLUSIVE Best to invest: Latin America 2014
LBC looks at which countries provide the safest climate for investment
Which markets offer the best prospects and safest havens for investment in Latin America this? Where are there opportunities - and where should investors shy away from? LBC provides this information with its annual Business Index, taking a comprehensive look at 18 Latin American economies, and assigning them a score based on their performance in a number of categories.
Peru signs deal for $5.7 billion Lima subway system
Stops planned in historic center, international airport and port of Callao
Peru signed a contract with an international consortium to build a $5.7 billion subway system in the capital city Lima, President Ollanta Humala (left) said. The subway will have 35 stations and cover 43 kilometers of track. Construction will take five years, with stops planned in Lima's historic center, international airport and the port of Callao, Humala said, The Global Post reports.
Brazil to grow 2.3 percent this year: Minister
Country takes advantage of improving global economic outlook
Brazil's economy should grow 2.3 percent this year, Finance Minister Guido Mantega (right) said. The figure the same growth rate the country registered last year. Mantega said Brazil is "prepared for the current global economic rebound," and that he sees emerging economies growing faster than the majority of developed economies, Reuters reports.
Hyatt plans 10 hotels for Central America
Firm entered agreement with LATAM Hotel Corp.
Chicago-based Hyatt Hotels Corporation announced its plans to build 10 hotels in Central America and Mexico under the Hyatt Place brand. Affiliates of the firm entered an agreement with LATAM Hotel Corp. for the first five hotels, planned for Nicaragua, Guatemala, El Salvador and Honduras. Other hotels the company expects to open this year in Latin America include Chile, Panama and Ciudad del Carmen, Mexico, International Meetings Review reports.
Cuba loosens grip on state companies
More than 2,800 state firms account for 80 percent of country's economic activity
The Government of Cuba announced it will allow state companies to operate more freely, in a further step to open the country's economy to foreign investment. Cuba has more than 2,800 state companies which account for 80 percent of the country's economic activity. Firms will be able to set higher salaries, keep a larger share of tax earnings and redistribute it among employees as an incentive, the GlobalPost reports.
Five Latin American restaurants in San Pellegrino's 2014 top 50 list
The struggle for power in Venezuela Deutsche Welle
Chinese smartphone maker Xiaomi to enter Brazil this year ZDNet
Colombia farmers to strike ahead of elections Al Jazeera
Microsoft's Latin America headquarters growing fast in Fort Lauderdale Sun Sentinel