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Brazil: middle class making significant strides

For most of its modern history, Brazil has been a nation of the starkest economic divides: Super rich, super poor. Businesses that sold anything but the most basic items trained their sights on the upper strata. Now, Brazil is a major player in a global economic shift that is seeing formerly “developing” nations morph into “middle income” countries — where a burgeoning middle class is driving a boom in business to capitalize on the sea change… Read Article

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Ecuador’s President Correa defends trade relations with Iran

Ecuador’s President Rafael Correa on Tuesday defended trade relations with the Islamic Republic of Iran to the opposition criticism that South American country. The Ecuadorian president said that selling bananas should not shock anyone, as this type of trade does not violate the resolutions of the United Nations Organization (UNO). Correa’s remarks to reporters considered […]

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Ecuador: Airlines and exporters request delay in opening of new Quito airport

Representatives of the production sectors, exporters and airlines sent letters to the Mayor of the Metropolitan District of Quito, which request was postponed startup of operations at the airport Tababela, scheduled for October 12. The main reason is that from October until the first months of next year there is a noticeable increase in passenger […]

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Largest Oil Companies in Latin America

In issue number 413 of July 2012, the international magazine “America Economia” were the 500 largest companies in Latin America, including the areas of mining and processing of crude oil. Within the first 500, listed companies Petrobras, belonging to Brazil, followed by Petroleos de Venezuela SA (PDVSA) and Mexico’s Pemex. The following table shows the […]

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Chavez claims Venezuela has one of largest gas reserves in the world

Venezuela’s President Hugo Chavez Frias during a radio and television said “We found that we have one of the largest gas reserves in the world and we are now at 200 trillion cubic feet and continue to discover more” According to studies by the Geological Survey of the United States certifies that the Orinoco Belt […]

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Argentines travelling abroad only permitted to purchase currency of destination country

The Argentines who want to make tourism abroad will now have more restrictions because the government only allowed to buy the currency of the country of destination with a new measure that prohibits the acquisition virtually free dollars. The government of Cristina Fernandez de Kirchner began to restrict the acquisition of U.S. dollars last October […]

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Bogota Colombia: One of the most competitive cities in Latin America for business

The city rose in the classification of investment Latino destinations. On his birthday 474, Bogotá is emerging as one of the most competitive cities in Latin America, with better quality of life and attractive for investment. For the Chamber of Commerce of Bogotá, this is the result of the consolidation of a corporate governance process, […]

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Ecuador: Court rules that Chevron pay USD 19 000 million, by Monday

Elcomercio.com reported that a court ruled that Ecuador announced that U.S. oil company Chevron pay, within 24 hours (until tomorrow), about USD 19 000 million, set in a conviction for environmental damage. Juan Pablo Saenz, a lawyer for the plaintiffs, said that this period will be fulfilled on Monday as Saturday and Sunday are not […]

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Ecuador attempted to sell bank to Iran in February

Elcomercio.com reported…..His name has been linked to the controversy since the financial crisis experienced in 1999. The once prestigious Ecuadorian Development Finance Company (COFIEC), which was the first private finance company in the country, has lived billow to billow from the May 23, 2002 the trial began coercive by the former Guarantee Agency (AGD) against […]

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Argentina dollar crisis impacting hiring of foreign executives, public speakers, teachers

On the impossibility of buying foreign currency, the country no longer attractive to expatriates. Businesses, business schools and producers are facing serious problems to settle wages and fees. How do they jump the barriers and study what alternatives? With the deepening of the stocks exchange, the government is seeking care for the few dollars in […]

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Chile: Fast food outlets banned from including toys with meals

In Chile, banned such advertising, considering harmful to children. McDonald’s, Burger King, Kentucky Fried Chicken, among those affected. Believes that companies use fraudulent and abusive means to sell their products. McDonald’s, Burger King, Kentucky Fried Chicken and other fast food chains in Chile were sued for violating the country’s new law banning toys include baby […]

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Ecuador: Banking authority believes 2,000 million in “banco colchón”

Elcomercio.com reported the Banking Board and the Central Bank determined that financial institutions allocate greater resources to fund liquidity ‘mattresses’. With this, the regulatory bodies expect to increase foreign currency for about USD 2 000 million, to prevent ‘shocks’ in possible cases of bank runs and banking crises. Read Article NOTE: banco colchón is an […]

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Ecuador: Perfume, makeup products prices rise 6 percent one month due to tariffs

Your profession requires every two months to buy makeup and perfume. She joins the professional judgment of others interviewed yesterday, the prices of items of beauty brands have increased about $ 5. Xavier Zamora, SA Producosmetic manager, explains that the more expensive is because the spray containers and pay more fees since June. According to […]

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Argentina: cigarette price increase 4 percent July 29, 2012

The price of cigarettes will increase by 4 percent on Monday, the prices of all brands marketed by the tobacco company British American Tobacco. Thus, smokers will face a further increase in its budget. Now the bundle of Lucky Strike Box in its presentation of 20 cigarettes will cost 9 pesos, the same as the […]

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Ecuador: exports of bananas down 10 percent first half 2012

About 16 million boxes of bananas Ecuador stopped exporting for the first six months of this year compared with same period of 2011. According to the Ecuadorian Association of Banana Exporters (AEBE), this represents $ 120 million less in revenue for the country. Read Article

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Mexico: numbers of individuals working informal market increases

The unemployment rate in the country decreased 0.61 percentage points to stand at 4.81% unemployment-mexico Mexico City. The occupancy rate in the informal sector scored a record in the country by providing a rate of 29.72% compared to the population in June 2012, reported the National Survey of Occupation and Employment (ENOE) developed by the […]

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Mexico: government signs accord with mobile phone companies to counter black market

The federal government signed an agreement with leading mobile operators in the country to bring down the black market of mobile telephony, which regularly encourages organized crime. In signing the agreement with representatives of Telcel, Movistar, Nextel and Iusacell and Marisela Morales, head of the PGR. Read Article

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Brazil Facebook statistics

Currently, there are 53052520 Facebook users in the Brazil, which makes it #2 in the ranking of all Facebook statistics by Country. Total Facebook Users: 53052520 Position in the list: 2. Penetration of population: 26.38% Penetration of online population 69.86% Read Article

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Colombia: Ecopetrol increases presence in Brazil

Its subsidiary in that country signed an agreement with Panatlantic, through which 30 percent have three offshore blocks in the country. The company Ecopetrol Oil and Gas do Brasil Ltda, a subsidiary of Ecopetrol, and Vanco Exploração and Produção Brazil Oil and Natural Gas Ltd, a subsidiary of Panatlantic Energy Group, reached an agreement that […]

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Ecuador: Central Bank denies financial triangulation in commercial ties with Iran

The Central Bank rejected the claim of opposition lawmakers, who say that Ecuador does a “financial triangulation” to maintain commercial ties with the Iranian government. The entity described as “reckless” the charge of the assembly Cesar Montufar, Paco Moncayo, Maria Paula Romo and Betty Amores, who noted that Ecuador opened accounts in third countries to […]

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Uruguay: Senate votes not to investigate events leading to bankruptcy of airline Pluna

After the vote that took place Tuesday in the Senate, the FA refused to install an investigative commission to study the events that led to the bankruptcy of Pluna, while the background parliamentarians sent associations with national carrier Varig and Eastern Aeronautical Company (Leadgate) the judiciary. This includes, along with the complaint made by Senator […]

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Ecuador: GM automotive to raise prices due to new government tariffs

More automotive brands continue to update their price lists in the wake of the import quotas imposed by the Government and the new tariffs fixed to the CKD (parts and components) for the national assembly. A firm that in recent days changed their prices is General Motors (GM), which assembles several models in Ecuador and […]

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Mexico signed the Anti-Counterfeiting Trade Agreement (ACTA)

Through an official statement issued by the Mexican Institute of Industrial Property or IMPI has been reported that a few hours ago, the Mexican government signed the Anti-Counterfeiting Trade Agreement (ACTA), which is not just a U.S. initiative and more countries that aims to protect and regulate intellectual property. Then the statement on the signing […]

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First time in 50 years cargo shipping begins Miami – Cuba

The first cargo shipping from Miami to Cuba in more than 50 years sailed on Wednesday from a Miami River terminal, according to a report published by El Nuevo Herald. Port International Corp., an operator of the Miami River terminal will transport humanitarian goods to Cuba once a week. Such items are allowable under exceptions […]

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Yahoo! increases presence in Colombia

Looking to become more popular among Internet users and increase local content. Yahoo! already has a physical presence in Colombia. It is the fourth office opened in the region after that of Mexico, Brazil and Argentina. El tiempo spoke about this new phase with Armando Rodriguez, executive director of the company for Latin America. What […]

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Mexico : More than 3 million underage children working in Mexico

According to the International Labor Organization there are more than 3 million minors illegally employed in Mexico. Mexico´s labor laws state clearly the minimum working age is 14 years, however there are many children working to help their parents. The State is still attempting to define the boundaries between child exploitation and family support. Read […]

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Ecuador ranks low in terms of foreign investment according to Unctad

Ecuador is in the group of countries with less foreign direct investment (FDI) in the world, even though it has elements that make it ‘attractive’ to receive capital, according to the World Investment Report 2012 by the United Nations Conference on Trade and Development (Unctad, in English). The paper, published last Thursday, stated that in […]

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Ecuador: failure to register cell phones puts 130,000 lines out of service

More than 130,000 cell lines were finally cleared yesterday for breach of the registration process, which began in July 2011 and ended on Thursday. The lines, whose services were suspended, belong to a minority, since about 99% of prepaid cellular reached to comply with the registration. The mobile registration was provided by the Government to […]

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Mexico: degenerative, chronic diseases big business

During the last decade, Mexico has suffered a series of demographic change that has driven the growth of chronic degenerative diseases in the country, especially diabetes, hypertension, cholesterol and cancer, conditions that in turn have modified the drug products. According to data from IMS Health, Mexico ranks number 15 worldwide in the consumption of products […]

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Mexico suffers a $750 million loss in automotive exports after Argentina ends economic agreement

According to Diario Yucatan, the unilateral decision of Argentina to end the Agreement of Economic Complementation (ACE) 55 will have a negative impact on the Mexican automotive industry of $750 million. Eduardo Solís Sánchez, president of the Mexican Association of the Automotive Industry (AIMA), emphasized the possibility of retaliatory economic measures from the Mexican government. […]

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Mexico: European beer brewers compete for Mexican market

According to El Economista.com, the Belgian brewer Anheuser-Busch InBev (AB InBev) acquired Grupo Modelo for $20,100 million further displacing Mexican companies in the beer market which had already suffered when the Dutch company Heineken bought FEMSA Cerveza in 2010. With sales of over $46,000 million, AB InBev now represents 56% of beer sales in Mexico, […]

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Robberies against businesses Quito Ecuador on the rise in 2012

The perception of insecurity among the citizens is justified. In the first four months of the year compared to same period of 2011, commercial burglaries increased, as reported by the Metropolitan Public Safety Observatory (see box). At the present time criminal gangs trying to show the public that they are imposing fear. Read Article

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Mexico: Insurance companies to exclude claims resulting from organized crime

Insurance companies in Mexico are analyzing the possibility of excluding damages resulting from drug trafficking and organized crime from their current damage insurance plans. According to El Economista, Recaredo Arias Jimenez, CEO of the Mexican Association of Insurance Institutions (AMIS for its acronym in Spanish), declared that they are working along specialists from the insurance […]

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British Prime Minister visits Mexico in effort to gain more business

PM visits Mexico City in a bid to boost British business interests in the second largest economy in Latin America. David Cameron launched a one-day charm offensive in Mexico City in a bid to boost British business interests in Mexico, the second largest economy in Latin America, pointing out Mexico will be one of the […]

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Ecuador: Whale watching operators say business down due to European crisis

Mayeli Fienco, in charge of Machalilla Tour operator says that the crisis is slowing the arrival of tourists from these countries in relation to previous years. Therefore, many operators, owners of hotels and restaurants and even canoeists believe we need to improve the quality of service for those who come recommended by their friends. The […]

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38 Chinese companies handling strategic and construction projects for Ecuador

At least 38 Chinese companies have taken the baton of strategic projects and construction sectors in Ecuador. The fifteen major contracts handled by $ 6,270 million, according to the Ecuadorian Chamber China. These seven have been designated to build hydroelectric projects. So over Sinohydro for Coca Codo Sinclair, International Water and Electrical Corporation (CWE) is […]

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Costa Rica: approximately 31 out of a million banknotes are counterfeit

An estimated of 31 tickets per million units of paper money circulating in the country are false, according to official Central Bank of Costa Rica (BCCR). The data, as explained by the Central, correspond to the new family of banknotes in denominations of ¢ 2 000 (blue ticket) and ¢ 20 000 (orange ticket). In […]

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High speed internet arrives in Colombia

The LTE 4G UNE offers commercial speeds of 10 to 12 Megabits per second. Now available in Bogota and Medellin fastest Internet service in the country. In the second half of the year will reach Cali, Barranquilla, Cartagena and Bucaramanga. Read Article

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Argentina: Armored truck strike to impact funds availablity at ATMs

Assistant Secretary of Teamsters, Pablo Moyano, had warned that came unannounced strikes by the lack of agreement on the joint. Employers told Radio 10 that are affected companies around the country. The negotiations for the wage increase remains at odds with the Teamsters with representatives of employers. And in the hours can be inconvenient for […]

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Dollars still permitted to be deposited in Argentina banks

Following the government’s denial of an alleged “pesification” of contracts and debts in the draft code reform, the head of the bloc of deputies, Agustín Rossi, clarified that Argentines “will be able to continue depositing and drawing up contracts in dollars.” Speaking to radio La Red, the national legislator stated that “the Argentine peso is […]

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Argentina: inflation having negative impact on tourism

The conclusion of the 38th Congress of Tourism and Travel agencies, AAAVYT found that tourism to Argentina is rapidly declining. The country is becoming increasingly expensive with inflation adding to the international financial crisis. According to the latest statistics, presented at the congress, the number of foreign tourists arriving in the city of Buenos Aires […]

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Mexico oil exports decline to U.S.

According to the Commerce Department reports, Mexican oil exports to the United States decreased by 19.4 million barrels in the first quarter of 2012 in comparison with last years. Mexico’s oil profits in 2011 contributed to an annualized trade surplus in favor of Mexico for more than 65 billion dollars, the third highest in history. […]

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Brazil’s TAM, Chile’s LAN airlines report plunge in first quarter profits

Brazil’s TAM and Chile’s LAN each reported a 22 percent plunge in first-quarter profits, citing rises in fuel costs and other expenses among other factors. Another Brazilian airline, GOL, laid off 1,200 people to cut costs. Aerolineas Argentinas continues to bleed money, receiving more than $200 million in subsidies during the first quarter of this […]

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Argentina a sanctuary for Colombian drug traffickers, causes financial bubble

More Colombian drug traffickers are turning to Argentina as a sanctuary, La Nación reports. These criminals have been increasingly participating in real estate business and money laundering in Argentina, as well as using the country as a shelter for family members. Diego Murillo Bejarano, alias “Don Berna,” a former Colombian paramilitary-turned-drug trafficker arrested in the […]

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Major consumers of Tobacco in Mexico are from low-income households

Major consumers of Tobacco in Mexico are Low-income households The heart related diseases, caused by smoking, peaked in mortality levels in Mexico in 2010. According to the National Institute of Statistics and Geography (INEGI) during the year 2010 lowermost income households spent the greatest amount of money in Tabaco. 20 out of 100 people, who […]

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Investors pressing Chevron to settle Ecuador case

NEW YORK, May 28, 2012 /PRNewswire via COMTEX/ — Only days before its annual shareholder meeting, forty Chevron investors with $580 billion in assets under management have demanded the oil giant settle the $18 billion environmental lawsuit brought by impoverished indigenous groups in the Ecuadorian rainforest almost two decades ago. The letter from the investors, […]

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Peru’s borrowing costs rise, impacted by Europe’s debt crisis

Peru’s benchmark borrowing costs in dollars rose to a two-month high as concern that Europe’s debt crisis will worsen should Greece leave the euro curbed demand for higher-yielding, emerging-market assets. Read Article

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Mexico: Water pollution decreases fishing activity in Tuxpan

Mexico: Water pollution decreases fishing activity in Tuxpan During the last five years the fishing activity in Tuxpan has decreased greatly as a result of water pollution. Several companies dump toxic their wastes into the Tampamacho lagoon, causing the death of numerous fish species. Fish production used to rage approximately a ton per week, today […]

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Sales of real estate plummet in Cañuelas Argentina, limited access to dollars

Properties in the city of Cañuelas i mportant shows a stagnation in recent weeks as a result of the difficulties that the population has access to the dollar and the growing gap between the official rate and the parallel. This was confirmed to The Citizen four of the largest real estate operators in the city. […]

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Venezuela: Food production facing crisis

The industrial food production is not at its best by the many constraints that delay the processing and transformation of finished products. Failures in the supply of inputs and packaging materials and packaging shortages are plunging the industry into crisis. Industry sources reported that some companies have had to stop production lines because they can […]

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Survey says: What 38 percent of Peruvians want to tell their boss

jefe, váyase a la punta del cerro y déjeme hacer mi trabajo – Boss, go to the top of the hill, and let me do my job. The employee maintains a relationship with your boss is more important than it seems at first glance. But this, in general, is always subject to conflict and discussions. […]

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Maquiladora evacuated after chemical spill Ciudad Juárez, Mexico

Mexico: chemical spill leads authorities to evacuate maquiladora in Juarez On May 15th a chemical spill forced the evacuation of maquiladora personnel in the Capcom fabric located in the city of Juarez. According to authorities a magnesium container spilled over causing chemical combustion at approximately at 1:30 pm. Read Article

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Unemployment most impact on youth in Latin America

The large conference of corporate responsibility Companies are recognizing that what is good for business can also be for economic inclusion. Today they have social and environmental objectives. The Inter-American Development Bank (IDB) promotes discussion in Quito materials of corporate responsibility at a major conference to be held from 21 to 23 May. Read Article

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Argentina: Owners of website Taringa accused of violating intellectual rights

he owners and administrators of the website Taringa! have been accused of allowing through your website will download works without permission of the authors. The brothers Matias and Hernan Alberto Nakayama Botbol and will undergo public trial for violation of intellectual property law, according to Infobae.com. This is the first trial to be attended by […]

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11,000 Ecuadorians reported as having returned from Europe since 2010, due to lost jobs

According to the National Secretariat for Migrants (Senami) , since 2010 some eleven thousand Ecuadorians who lost their jobs in Europe have returned to the country due to the current crisis in several nations of that continent. According to the Senami, is working on programs to help those who decide to return, but did not […]

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Argentina tightens restrictions on purchases of dollars

Restrictions on buying dollars rose against Argentine consumers. Almost all operations were rejected by the Federal Administration of Public Revenues (AFIP, the Ecuadorian equivalent of the IRS), which controls the exchange market. In recent days, buyers of dollars saw their names were enabled to buy dollars, with a limit based on income, but at the […]

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Argentina: Clarin fined for publishing sex trade advertisements

For the first time the Office to Monitor Publication Notices Sex Trade (OM) under the Ministry of Justice and Human Rights fined a national newspaper for violating the decree prohibiting post notices relating to the offer of sex. As reported in Page 12 the amount rises to 362,534.40 pesos. It was this body after the […]

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Chile at 68 percent cellphone penetration

Chile reached 62.66% in the call rate of adoption of information technology, which measures how close the country to access the average of OECD countries, ie a gap of 37% the parameter used to measure ourselves in the world. But after a year, the figures are more encouraging: only analyzing data from the first half […]

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A New Spanish migration to Latin America? (Opinion)

Should the Latin American countries prepare for a new Spanish migration? According to many indications, including a recent article in the “Financial Times”, the answer is yes. The motivation is simple, regardless of their problems Latin America including Mexico to spite the Brazilian-looks today as land of opportunity for an important sector of the Spanish […]

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Mexican economy to grow 4% 2012

The Mexican economy will grow about 4.0 percent this year, thanks to economic policy across the country makes efficiently external shocks, said the Deputy Governor of the Bank of Mexico (Banxico), Manuel Ramos France. Read Article

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Panama registers high rate of occupational accidents

The creation of a central authority to audit and unify all matters relating to occupational health and safety specialists suggested, both public and private, with the increase in accidents in Panama. Figures from the Social Security Fund (CSS) reveal that they are registering more than 10 000 accidents per year. Read Article

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Peru, Japan to continue strengthening relationship

Peru and Japan agreed during a meeting between Peru’s President Ollanta Humala and Japan’s Prime Minister Yoshihiko Noda to enhance political dialogue, improve economic relationships for investments and strengthen cooperation. Peru Peru’s President Ollanta Humala. Photo: ANDINA/Prensa Presidencia Both authorities also agreed to reinforce coordinations in multilateral forums and showed to be satisfied with the […]

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Peru to export red cheese to Chile, U.S.

The Peruvian red cheese, produced in southern city of Lluta, in Arequipa will be exported to Chile and the United States, Arequipa’s mayor Elio Begazo said Wednesday. Begazo explained that currently the product goes through a standardization process in order to be exported to said countries. He recalled that farming is the main activity of […]

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Venezuela to produce low-cost appliance, assistance from Chinese

Venezuelan President Hugo Chavez has approved the construction of the factory “Haier Venezuela”, which is to produce low-cost household appliances for the Venezuela population. The move was announced yesterday by Venezuelan Vice President, Elias Jaua, during an official event in which the Government Federal Council granted 992 million bolivars ($US 231 million) to community and […]

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1 billion in capital ouflowed last week Brazil

Brazil had an outflow of $1 billion last week as financial capital flows outweighed the trade surplus, the central bank said Wednesday. The country had an inflow of $6.59 billion in April, including an inflow of $786 million on Monday, April 30, and a total outflow of $1.79 billion on May 2, 3 and 4. […]

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La Paz Bolivia crippled by transportation strike

Drivers of public transport in Bolivia harshly punished visitors and residents of La Paz, a city that has been virtually besieged yesterday and today by the closure of streets and avenues with buses and minibuses. Drivers have called this 48-hour strike to protest against the new Municipal Urban Transport Act, which regulates the sector. The […]

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Telefónica fined 180 million pesos Argentina for April blackout

Telefónica Argentina imposed a fine of 32 million by the blackout April In the same speech on Monday April 16th that the president of Argentina announced the expropriation of Repsol Cristina Fernandez asked for Telefónica sanctioned by the blackout had hit the country 14 days earlier. And today, Planning Minister Julio de Vido, announced at […]

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Argentina bans importation of ham from Spain

Spanish ham is among the products suffer restrictions on imports in Argentina. Trade restrictions imposed by the Argentine government have come to food and have reached one of the favorite dishes for lovers of good food: Italian and Spanish hams. The coveted hams imported in Argentina are sold in gourmet shops and upscale restaurants, appear […]

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Mexico: Insurance company accused of not paying medical expenses of two bus accident victims

Relatives of two young people who are admitted to the General Hospital “Dr. Carlos Canseco” after being struck by winging passenger bus last April 12 in the El Blanco in Ciudad Madero, denounced abuse of a company lawyer tricked insurance has forced them to sign a blank document, in complicity with Agency staff of the […]

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Argentina: conflict over cooking oil shortages

The supermarket shelves across the country again become the battleground for sectional interests: while slightly normalizing the provision of yerba mate, now the focus of attention was deposited in the oil, which reached its peak shortage in the metropolitan area and in several provinces. The information was confirmed last night by several sources BAE large […]

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Latin America: Credit card theft $761 million a year

in Latin America, thefts from customer accounts totaling approximately $ 761 million, according to a study by the Internet Address Registry for Latin America and Caribbean. To this is added the cost of theft of personal data by 93,000 million, affecting about 2,500 banks in the region. While technology brings sophisticated banking sector advocacy tools, […]

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Brazil looking at expanding business investments in Colombia

Companies from various sectors will make representations to establish contacts and distributors in the country. Brazilian businessmen from 42 companies in the sectors of machinery and equipment, fashion, home and construction, food and beverages, health technology and will participate in a business conference scheduled in Colombia… Read Article

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Colombia: 106,743 new cars sold first four months 2012

In the first four months of the year 106,743 units were placed. Although it appears that the market tends to level off in April retail sales of new cars rose again in Colombia. In the third month of the year 30,549 new cars were sold, 1,771 units less than the same month of 2011, when […]

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U.S. – Colombia Free Trade Agreement: Background and Issues

Summary The U.S.-Colombia Free Trade Agreement, or U.S. Colombia Trade Promotion Agreement, as it is officially called, is a comprehensive free trade agreement (FTA) between the United States and Colombia, which will eventually eliminate tariffs and other barriers in bilateral trade in goods and services. The agreement will enter into force on May 15, 2012. […]

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Boliva increases minimum wage

By Presidential Decree 1213 President Evo Morales, announced this morning at the Presidential Palace mínimonacional wage increase of 1,000 bolivianos, despite the disagreement of the Bolivian Workers Central (COB), who marched with their affiliated sectors across the country.The president also announced the salary increase of 8% for education and as a basis for negotiation for […]

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Honduras: 1.1 million Hondurans earn less then minimum wage

According to business leaders in Honduras, the call centers are the largest employers in 2012. 1.1 million below the minimum Latest figures from the INE-May 2011 – show that 7.8% are unemployed as a whole , ie 143.783 Hondurans. The biggest problem of the labor market in the country remains under-employment. According Felícito Ávila, Minister […]

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Bolivia: new gas plant to export fuel to Argentina

A real paradox. The president of Bolivia, Evo Morales, will open next May 1 the second gas processing plant of Repsol Margarita field, whose production is destined to Argentina. In the official ceremony, the President will be accompanied by the owner of the oil company, Antonio Brufau, officials said. Note that the Bolivian government announced […]

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Walmart involved in bribery scandal, Mexico

Is the Mexican government involved in corruption schemes? Nooooo this must be a mistake… it never happens in Latin America! According to a recent article at the NYTimes, one of the world’s most successful and respected companies, Walmart, has just been caught in a massive bribery scandal in Mexico that extends to the highest levels […]

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Volume of imports down at Paraguay’s international airport

The volume of cargo imported and shipped through the airport customs Guarani decreased from Easter, when the anti-corruption prosecutor, Arnaldo Guizzio, retained more than 15 shipments suspected of undercutting, according to the data. Weekly entered through airport customs said between two and three freighters with 100 to 150 thousand kilos of products. This week entered […]

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10,000 protest high cost of living, fuel in Honduras

Some 10,000 Honduran workers protested Thursday in different cities against the high cost of living and the rapid increase of fuel prices, which has reached record highs. In the capital, Tegucigalpa, teachers and students left the University of Education and traveled 6 kilometers to the center of the city wielding banners and signs, chanting slogans […]

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Government orders homes businesses destroyed, Limón Costa Rica

Thirteen homes and businesses built on the southern Caribbean coast near Puerto Viejo and found to be in violation of the Maritime Zone Law must be destroyed by Nov. 30, according to an order by the Comptroller General. Residents are horrified. “It will devastate this area,” said Niki Chapman, co-owner of the Lazy Mon Bar […]

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Argentina: Port conflict blocks shipping terminals

Truckers, shippers and brokers protest in Buenos Aires, Bell, Rosario and Bahia Blanca. They complain of the impact of trade barriers. Threaten to keep the measure indefinitely. The five port terminals are blocked from Buenos Aires this morning by different groups of truckers, truckers and employees of customs brokers in protest to the restrictions of […]

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Costa Rica: Gas prices may rise in May 2012

The Public Services Regulatory Authority (ARESEP) is reviewing a new fuel-rate hike at the request of Costa Rica’s National Oil Refinery. The hike would increase by ₡22 the per-liter cost of “super” gasoline and diesel, and by ₡29 for “plus” gasoline. If the increase is approved, it would take effect later this month, and drivers […]

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Italian conglomerate denies bribing Panama’s government

The Italian conglomerate Finmeccanica denied on Tuesday having “paid or promised bribes” in the form of cash or property to the Government of Panama. The company was responding in a statement to the publication by the Italian press reports of new research on Valter Lavitoa the former director of the newspaper Avanti Lavitola Valter, charged […]

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Costa Rica to begin digital platform for foreign trade

Government launches centralized digital platform for foreign trade Posted: Wednesday, April 18, 2012 – By Tico Times Automated system aims to reduce permit process time by 90 percent Export and import processing time will be significantly reduced in the coming months with the implementation of the new platform for Foreign Trade Single Window 2.0 (VUCE), […]

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Head of major credit card cloning ring arrested in Colombia

Colombia’s National Police today reported the capture of Jorge Maximiliano Pachón, alias “Pachoviola” considered a “czar” to clone credit cards and ATM debit cash dispensers in South America. The institution said in a statement that the subject was arrested in Bogota after “five months of research, and from the complaint filed by one of the […]

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Navistar truck sales impressive in Colombia

Last year, the firm International-represented in Colombia by Navistar-managed an impressive record sales of trucks with more than 4,300 units within the various types and tonnages. The thrust of the economy, the boom in construction and public works are the factor that has generated the need for such good causes reflections on national development. It […]

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Visa Inc., plans office opening Colombia June, 2012

Credit-card company Visa Inc. (V) said Monday it plans to open an office in Bogota this June as it expands its electronic payments business into Colombia and neighboring Ecuador. Read Article

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Argentina: Cellphone imports drop 17 percent

The number of mobile phones grew 12.2 percent in the first half of the year over the same period earlier, while imports of such equipment fell 17.3 percent, for the development of the local assembly of equipment. This was stated by a report by consultancy Sectoral Economic Research (IES) released this morning. According to this […]

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Argentina: Pharmaceutical imports fell 50 percent in 2011

Drug Imports fell 50 percent last year as compared to those that occurred in 2010, says a report by consultancy Abeceb.com. Consumers have stated claims for shortages of different drugs. “Imports, which in 2010 grew to nearly 30 percent in 2011 slowed to grow by 14.4 percent to 1,790 million dollars,” says the report of […]

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Costa Rica: Telephone companies barred from charging for caller ID services

Telephone companies can not charge users for services Caller ID or private number. The Superintendency of Telecommunications (Sutel) determined that these services are a right of user and should be free. Currently, each of these facilities costs ¢ 250. Also, the 202 freed Sutel tariff schedule services so now is at the discretion of the […]

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Editor states U.S. desires to control trade in Central America

The editor of the newspaper La Jornada, Raúl Arévalo German, said in an interview with RT that increased participation of American capital is due to the U.S. desire to control trade in Central America. “In America there is a campaign trying to win voters. So there are differences between Republicans and Democrats about the perception […]

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Argentina considering shutting down exports of Yerba Mate

Argentina, the largest producer and exporter of yerba mate, looks abroad to stop shipments of this product if complaints persist alleged shortage in the local markets, the global consumer first infusion. “We are analyzing the sale of grass curb outside, as continuing allegations that there are shortages,” said Agriculture Minister Argentine Norberto Yauhar, in remarks […]

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Peruvians consume 40 liters beer annually

Peruvians consume lots of beer a year, the study Proleche Fund. Per capita consumption of beer in Peru reaches 42 liters per year, while in Bolivia consumed 40 liters of beer a year. However, these figures are lower when compared with the U.S. where consumption reaches 100 liters per year, with 80 Venezuela, Mexico and […]

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Fees for obtaining credit card Ecuador as high as $250.00

The Banking Board on Thursday issued the resolution that sets the rates authorized for renovation and / or affiliation of credit cards for the second quarter. The document establishes the maximum values ​​for the plastic money, ranging from $ 2 to the basic cards, up to $ 250, which is the ceiling for the type […]

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British Petroleum tells Argentina it has no plans to explore for oil in Falkland Islands (Malvinas)

The British company British Petroleum (BP) is exploring for oil and has no plans to do so in the future in the Falkland Islands, whose sovereignty is disputed Argentina and Britain, according to a note by the Foreign Ministry of Argentina. Read Article

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Fitch Ratings scores Venezuela risky for investments

While speculation about the future of Hugo Chávez and Henrique Capriles momentum as the opposition candidate, eased investor concerns in recent weeks, the coming years will be difficult for the economy of Venezuela. Again in a statement Fitch Ratings described Venezuela as a risky country to invest, since it ensures that there are serious macroeconomic […]

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Peru: The Amazon at risk of being in the hands of multinationals

The Amazon of Peru, which occupies more than half the country has begun to attract the interest of transnational corporations. These large companies buy carbon credits for huge tracts of land. However, some communities that they have been deceived. Several British companies have come there to buy the rights to their forests or carbon credits, […]

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HSBC estimates Peru, Ecuador, Bolivia strong growth through 2050

HSBC Global Research estimated that the GDP of our country will be 735 billion dollars this year, plus a per capita income of 18 thousand 940 U.S. dollars. HSBC Global Research estimated that the GDP of Peru country will be 735 billion dollars this year, plus a per capita income of 18 thousand 940 U.S. […]

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Venezuela: Chavez increases mimimum wage 32.5% to $476.00 month

Chavez 32.25% increases the minimum wage to $ 476.00. The president made the announcement one hour before leaving for Cuba. Venezuela’s President Hugo Chavez, announced today an increase of 32.25 percent of the minimum wage to $ 476 in local currency, applicable in two tranches, the first of 15% percent on May 1, and a […]

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