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The Top 40 Foreign Companies kept the same general direction of their local counterparts, but did better. By Santiago Gutierrez Multinaltionals operating in Latin America fared way better than their local counterparts. While the Latin 500 – which comprises local and foreign companies, decreased their revenues by 4.5% in 2013, multinationals managed to increase them by 1.9% in the same period. It’s a major achievement considering the rough prevailing economic environment in the region. Like the Latin 500, one-half of the companies on the list of the Top 40 Foreign Companies posted decreases in revenues during the year. Some industries […]
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