EXCLUSIVE Benefits of foreign investment for SMEs
Latin American SMEs can benefit from multinational firms
Many Latin American small and medium companies may profit from the sustained interest of multinational firms on their access to resources such as raw materials. This is the message of an article written by the Inter-American Development Bank’s Connect Americas, an initiative designed to help small and medium companies in Latin America, expand through international trade and investment, LBC reports.
Chevron case could destroy major law merger
Washington-based firm Patton Boggs gets into trouble
The Chevron oil pollution litigation in Ecuador continues to generate acrimony and confusion in American legal circles. The latest twist concerns Patton Boggs, one of the best known law and lobbying firms in Washington, D.C. Patton Boggs got into trouble with an uncharacteristic alliance with the controversial New York plaintiffs’ lawyer suing Chevron in Ecuador, Businessweek reports.
Rousseff holds clear lead in election polls
Rivals gain more ground, making a run-off more likely
Brazilian President Dilma Rousseff holds a clear lead ahead of Brazil's election in October, but her main rivals are closing the gap as voters begin to decide who to back, according to an IBOPE poll. Rousseff’s opponents gained more ground from growing media exposure as the campaign begins to shift gear, making a run-off more likely, Reuters reports.
Venezuela blames World Cup for airline cutbacks
Maduro says carriers are reprogramming flights for soccer tournament
The World Cup is to blame for airline cutting flights to Venezuela, said the South American country's President Nicolás Maduro (left). He said carriers aren't abandoning Venezuela but rather are temporarily adjusting flight schedules to meet demand for flights to carry soccer fans to Brazil for the World Cup tournament beginning next month, Yahoo News reports.
Sugar and steel strain U.S.-Mexico ties
Disputes come amid push for further economic integration
Disputes over sugar and steel trade between the U.S. and Mexico are straining ties between the countries just as negotiators try to hammer out the details of a Pacific-rim trade pact to further integrate their economies. U.S. producers of sugar and steel within the last year have filed separate complaints with the U.S. government, alleging that unfair trading practices by their Mexican competitors have led to a flood of imports at the American industries’ expense, Bloomberg reports.
Two percent of Latin Americans have free media: Freedom House NBC News
Ten things Mexico does better than anywhere else CNN
Brazil drugstore firm rejects $2 billion offer from CVS Reuters
Citigroup's former Brazil CEO helps found merger boutique Bloomberg
Argentina bashes financial groups for speculation World Bulletin
Warren Buffet's Berkshire Hathaway gets license to operate in Brazil Business Insider