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By David Ramirez Albeit the positive performance of the industrial sector, Latin Trade’s Multilatina Index–a ranking of the 25 largest multilatinas by US dollar revenue–fell 4.9 percent in 2014 on the back of falling revenue in oil, food and beverages, retail, airlines, telecom and mining. The Index’s behavior partly reflects a strong 6.1 percent contraction in the last quarter alone, compared with the same period in 2013. Low iron ore prices hit Brazilian steel mills harder. The mining sector Index fell 12 percent in 2014 as a whole– the worst performance in the ranking– chiefly owing to lower revenue for […]
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