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CISCO to invest $500 million in Brazil

The strategic disbursement of U.S. $ 547 million announced by the company based in San Jose, California, is to encourage innovation, transformation and socio-economic development, which will expand Cisco’s presence in the South American giant. Read Article

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Audi plans manufacturing plant Mexico

The German automaker won the support of its parent company Volkswagen to open a plant in that country, according to the German magazine Der Spiegel. Would begin operations in 2015 with the production of luxury SUVsAfter a long debate, Audi managed to convince its parent Volkswagen (VW) to finally open a factory in Mexico, reported […]

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Tupperware’s venture into cosmetics paying off in Latin America

More than a decade, the U.S. company radically changed its business strategy in the region. With a strong presence in Latin American households through its famous Tupperware, the company ventured into the category of cosmetics. But this movement was not a leap as Tupperware had no less a fact: consumers in the region spend 20 […]

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Dumaire’s Argentina website hacked by G4L10 H4CK

On April 7th, 2012, Twitter account for G4L10 H4CK announced they hacked the Argentina website for DUMARIE.COM.AR Source Dumarie is a manufacturer of farming equipment.

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Chile: Imports of chocolates grew 35 % in 2011

According to statistics from the Portal Comex Chamber of Commerce of Santiago (www.portalcomexccs.cl), Chocolate Chilean imports reached U.S. $ 36.3 million in 2011, equivalent to a 35% increase over the previous year. The category most in demand the year fell to the chocolates, which totaled $ 16.7 million in the period, corresponding to an increase […]

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Costa Rica, Guatemala fail to reach first ring of financial transparency under OECD guidelines

Costa Rica and Guatemala today joined the list of twelve nations, including Panama and Uruguay already, who have not passed the first filter of the Global Forum on Financial Transparency, under the Organization for Economic Cooperation and Development (OECD .) Costa Rica and Guatemala suspended the consideration to which they subjected their peers for not […]

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Study indicates Argentina in slowdown, recession looms

The chances that Argentina’s economy will enter a recession in the near term jumped above 85% in the closely followed monthly leading indicator published by Torcuato Di Tella University. The odds of a recession in its February report rose from 65% in January. UTDT, as the university is known, noted the odds of a recession […]

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Ecuador inflation continues upward March 2012

Consumer prices in Ecuador rose 0.90% in March driven by an increase in the value of food and clothing, the government said Thursday. The index in the third month of the year is higher than 0.78% to 0.34% in February and March 2011. The rate is the third highest reported for the month in the […]

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Argentina government to announce sanctions against Movistar after Easter

THE FINE COULD GET TO THE $ 200 MILLION After Easter, the Government announced the sanction against Movistar The operator shall submit its defense next Tuesday before the authorities, although there is resignation among its executives by the Government’s decision. The operator of Telefónica promises to compensate customers for the collapse Next week, after the […]

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Ecuador: Phones not registered by owner only receive calls texts

He is one of the prepaid service subscribers in the last hours recorded cell lines that comprise between 94% (12.64 million customers), who until yesterday were registered. From today, 6% of customers who failed the trial, which began in July 2011, will begin to see restricted services. Yesterday, the telecommunications minister, Jaime Guerrero, confirmed that […]

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Iberia airlines cancels flights to Mexico from Spain

Iberia airlines canceled 301 flights among which 3 were with destination and from Mexico. The flights cancelations are due to the strikes by the Spanish Union of Airline Pilots, protesting the creation of low cots airline Iberia Express. Read Article

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Violence in Mexico contributing to closing of small businesses

Mexico: Violence Affecting Mexico’s Economy The drug cartel violence has affected the Mexican economy greatly causing small business owners to leave the country. 160, 000 companies closed their businesses in 2011. The suspension of business operations in Mexico has been estimated to be a loss of about 800 million dollars. Read Article

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Uruguay and Brazil’s presidents meeting to discuss trade expansion

Uruguayan president Jose Mujica arrives Thursday in neighbouring Brazil to discuss with his peer Dilma Rousseff trade expansion, productive and energy complementation and above all opening Mercosur to third countries in search of new markets. Read Article

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Artist denies that figure on new 1000 peso bill is Castro

The author said it is the Cuban president but a man in the crowd was like. The artist Jose Antonio Suarez Antioquia, the designer of thousand-peso bill, calling it “silly” the controversy over the alleged presence of Cuban president Fidel Castro in the back of the ticket, right next to the liberal leader Jorge Gaitan.”No […]

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Cigarette prices increase Argentina

British American Tobacco announced an increase on average by 5 percent the prices of their products, “taking into consideration the conditions of the cigarette market and following the guidelines of the Ministry of Domestic Trade . ” Read Article

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Movistar cell service outages Argentina, thousands of users impacted

The mobile phone company acknowledged that register a fault in their communications networks nationwide. Thousands of customers express their complaints through social networks. In some places, the problem began last night. Since last night, some users reported problems with the Movistar mobile phone service to stay no signal and can not make calls, send text […]

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Informal market grows in Buenos Aires 46 % March 2012

“The growth of informal marketsin the third month of the year sparked a new alert.” The Confederation of Small and Medium Enterprises (CAME) warned that the illegal sale in the City grew by 46% during March compared to February. Still, highlighted the “satisfactory progress” achieved in the evacuation of the street vendors from Florida Street. […]

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Japan expresses interest in cooperating with Lima Peru in construction of electric train

The Japanese Ambassador to Peru, Masahiro Fukukawa, today expressed his country’s interest to cooperate with the technical studies necessary for the implementation of section 2 of the electric train , linking the district of Ate in Callao.Speaking to Andina news agency, the diplomat stressed that Japan has experience in this field, and said that only […]

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Mexico: business man in Valle de Chalco murdered for not paying rent

VALLE DE CHALCO, State of Mexico. – The owner of a water purification was executed with bullets by two men who escaped heading to Mexico City aboard a late-model truck, it is said that protection would not pay and so they killed him. The incident took place in the street Ninos Heroes of the colony […]

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Quito, Ecuador: lack of employment and undermployement severe issue for young adults

In Quito, 34 664 people between 18 and 35 have no steady job and 257 256 are underemployed, according to the latest census. Carola Zaragoza is commercial engineer, graduated from the Army Polytechnic School for two years and no one hires. He has performed more than 30 interviews and still waiting for the phone call. […]

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President of FIAT Argentina questions barriers to imports

Employers and former officials today questioned the government’s policy on international trade in relation to barriers to imports, as well as the lack of action to conquer international markets. The chairman of Fiat in Argentina, Cristiano Rattazzi, rejected the government’s import control to ensure that “no worries” if products come from outside “half price and […]

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Colombia, Venezuela working towards bilateral agreement for oil and gas

The oil minister of Venezuela, Rafael Ramirez, Minister of Mines and Colombian Mauricio Cardenas, announced significant progress in terms of the bilateral agreement on oil and gas. The first point has to do with the end of this year, the two countries must list the conceptual engineering of the pipeline project bilaterally, Pacific will have […]

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Brazil extends tax cuts for appliances

Brazil announced extended tax cuts on appliances such as refrigerators and washing machines, and reduced levies on other goods, as it seeks to help manufacturers hurt by a slowdown in economic growth and a surge in imports. Read Article

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Abu Dhabi government fund purchases part of Brazilian group EBX

An investment fund Abu Dhabi government, Mubadala Development Company, bought part of the Brazilian group EBX millionaire Eike Batista for 2,000 million dollars. Mubadala’s investment guarantees preferential participation of 5.63% shareholder in Centennial Asset Brazil Equity Fund LLC and other holdings of Batista, considered the richest man in Brazil. Read Article

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Union Industrial Argentina criticizes U.S. for decision to suspend Argentina of GSP preferences

The UIA criticized the U.S. decision to remove Argentina from the GSP The head of the Union Industrial Argentina (UIA), José Ignacio de Mendiguren, ruled on Monday against the decision of the U.S. government to suspend Argentina as a beneficiary of the Generalized System of Preferences (GSP). Read Article

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Mexico: Employment no guarantee of escape from poverty

In 2012 there will be 60 million poor, 15 million more than at the beginning of the administration of Felipe Calderón. While Mexican labor conditions improve according to figures from INEGI, having a job does not prevent poor remains. T he lack of social security and the continued rise in food prices mean that over […]

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Inter-American Development Bank and China announce 1 billion dollar investment fund Latin America

The Inter-American Development Bank (IDB) announced Monday the establishment of an investment fund in Latin America and the Caribbean with China worth U.S. $ 1,000 billion focusing on sustainable development projects. The fund, expected to start operations later this year, is the result of a letter of intent signed by the IDB and the Export-Import […]

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Brazil reaches agreement with Mexico for automotive industry

Brazil reached an agreement with Brazil on trade dispute over cars, setting a cap on its exports in that sector for three years. Brasilia demand was finally accepted by the Mexican Secretariat of Economy. “For the first year, the amount of exports will be of 1,450 million dollars, the same that will increase in the […]

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Americans crossing border to Mexico to fill it up

Mexico: crossing the border with Mexico to buy gas Americans cross the Mexican border in order to save at least 1.46 per gallon or $20 dollars to fill their gas tank. Crossing the border back to the United States can take an average of one to two hours, nevertheless the savings and the opportunity to […]

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Ecuador: Government media power “impoverishes public debate” says director Fundamedios

Generally, the distribution of avisaje is performed unattended or technical criteria of proportionality. In Argentina, the arbitrary division led to two lawsuits-one against the province of Neuquen and other anti-national government to return the advertising media that had been stripped from it. None of these decisions has been met. “Some media come to depend almost […]

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Latin America: Hostile environment for the press

Venezuela and Ecuador are the most hostile environments for the press, but the problem covers several countries. These are not good times for press freedom in America . Although, by definition, quality journalism is always antagonistic to the healthy dialectic between press and government is less common than open confrontation. The diagnosis varies by country, […]

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Colombia: Attendance up at movie theaters

Last year, attendance at theaters in the country hit a record 38 million tickets sold to see the 213 films being released in Colombia. The report that the Film Promotion Fund, Proimágenes Colombia, presented on Thursday night reported that the number of attendees, about 3 million viewers (7.9 percent) visited a Colombian movie, which almost […]

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Colombia: Those involved in informal work force as high as 80% in some cities

Informality employmnet more attacks in cities outside the capital axis as Bogota, Cali, Medellin and Bucaramanga. In fact, Medellin has the lowest informality, with 50 percent. In contrast, the worst case is Quibdó whose informality reaches 84.14 percent, followed by Riohacha, with a rate of 81.23 percent. According Farné Stefano, director of the Centre of […]

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Hard Rock Cafe returns to Lima Peru

The restaurant chain Hard Rock Cafe confirmed that returns to Peru. Esta vez, abrirá un local en el Jockey Plaza. This time, open a store in the Jockey Plaza. Su anterior incursión fue en Larcomar. His previous foray was in Larcomar. “We will return with a product and a different format and a different country […]

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Latinamericacurrentevents.com offering new open source intelligence media monitoring program

Latinamericacurrentevents.com has now completed three years as an open source media monitoring solution for organizations with a 100% focus on Latin America. In the next several months the website plans to be available ONLY via annual subscription. If your firm has any involvement with Latin America you will clearly benefit from a group of professionals […]

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Ecuador: Casinos scheduled to be closed by executive decree March 16, 2012

The government announced that at midnight on Friday March 16th is the deadline for the closure of casinos and gambling halls across the country, in strict compliance with Executive Order No. 873, establishing a period of 6 months to The closure of these places, after the popular consultation of May 7, 2011. (TC Television) Read […]

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Argentinian travelers to face new currency restrictions when traveling outside of Argentina with debit cards

Argentine travelers who want to withdraw money from ATMs abroad using your debit card should have a local account in that currency. So I ordered the Central Bank in a circular distributed among funding agencies and foreign exchange last Friday, and shall take effect on 3 April. The initiative was signed by Jorge Rodriguez, in […]

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British ship docks Argentina port causes stir

The arrival of a British merchant ship caused a stir in the local port and even a group of demonstrators clashed with truckers carrying cement to the ship. Prefecture had to intervene and place the fencing of the area. From the port authority was clarified that it is legal to remain the same therefore not […]

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Colombia: Two Coca-Cola unionists charged with terrorism based on statements by paramilitary

Two Coca-Cola unionists who suffer threats from paramilitary groups since 2001 and have been victims of illegal surveillance by the Colombian state are investigated for conspiracy and terrorism. The trial result of the free versions of three commanders – ‘Coca Cola’, ‘Hawk’ and ‘Julian Bolívar’-present at the time of negotiation between the National Union Agri-Food […]

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800 days until 2014 World Cup, will Brazil be ready?

There are little over than 800 days remaining until the 2014 World Cup kicks off in Brazil and the country is far from being ready to host the tournament. Stadium construction is well behind schedule, while urban transport improvements have been all but scrapped by the government, who have opted instead to privatise three of […]

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Peru expects shortages of electrical power until second half of 2013

The electricity supply in the country is regularized only this Monday, when completion of the maintenance of the Mantaro hydroelectric plant, said Cesar Butron, Chairman of the Economic Operation of Interconnected System (COES). Thus, the energy reserve return to a level of between 8% and 10%. The plant handles 800 megawatts of power, and increased […]

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Ecuador to sign large scale copper mining agreement with China

The Non-Renewable Resources Minister, Wilson Pastor, said a few minutes on Monday at 17:30 in the hall of the Palace of Carondelet Amarillo will be signed the first contract for the exploitation of large-scale mining. The agreement was signed between the State and the Chinese company Ecuacorriente (ECSA) operating within the Mirador project located in […]

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Venezuela signs 14 energy agreements with China

This Monday afternoon marked the beginning of the signing of agreements between the Bolivarian Republic of Venezuela and the Republic of China, carried out in PDVSA La Campina. The People’s Minister for Petroleum and Mining, Rafael Ramirez, executive vice president, Elias Jaua, the Minister of Popular Power for Commerce, Edmee Betancourt, among others, and the […]

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Ecuador: New rules regarding accumulation of minutes for cellphones to benefit users

The new rules adopted last week by the National Telecommunications Council (CONATEL) to build mobile recharges for prepaid and postpaid therefore be verified by the Telecommunications Authority (SUPERTEL) The Superintendent said CONATEL notified that the meeting on February 17 approved the resolution regarding the validity of the charges. Subject to the provisions of the Concession […]

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Lima, Buenos Aires, Mexico City listed in top twenty cities for young migrants

The capital appears in a list of the British newspaper “The Telegraph” thanks to prices “cheap” rental and purchase of properties. The condition of the country’s economy is one of the arguments by which Lima has been included in a list of “Top 20 cities for young people to emigrate.” The list drawn up by […]

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Peru, use of credit cards up in January 2012

Balance of debt in the plastic money came S/.14.132 million in the first month of the year. Already 6’919 .982 cards in the local market. The Peruvians had until January 1 S/.14.132 million for debt payments made with credit cards from banks and financial institutions. The Association of Banks (Asbanc) said the figure is S/.116 […]

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Medicinal plants can be big business for Mexico

Ancient activity in the Mexican countryside, cultivation of medicinal plants can mean big business not only to meet food stores raw materials and markets, but to supply the growing industry of herbal medicine, which will tend to gradually replace the allopathic medicine . Its adaptability to any type of climate, soil and all the variations […]

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Ecuador drafts law to fight biopiracy

The President of the Republic, Rafael Correa, announced that the country already has a draft law for the protection, promotion and preservation of the ancestral knowledge of the country’s biodiversity, which will face the biopiracy. Biopiracy is a practice whereby researchers or companies illegally used the biodiversity of developing countries and the collective knowledge of […]

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Brazil to implement strict quality controls on imports from China

Brazil plans to impose strict quality controls on imports from China and other Asian nations to prevent an influx of cheap goods, the newspaper O Globo yesterday. Border control would ensure that imports from Asia, particularly China, meeting the standards established by the National Institute of Metrology (Inmetro) and meets the safety standards applied to […]

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“Economist” magazine does not believe economic figures put out by the government

He announced that no official published data Indec because they seem “a deliberate attempt to defraud investors””Since 2007 the Argentine government published inflation figures that almost no one believes. Show that prices have increased between 5% and 11% in one year. Far from it, independent economists, provincial institutions and surveys of inflation have those figures […]

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Honduras: Cell phone users required to register phones, numbers not portable to other carriers

The telephone record established in Decree 243 – 2011 of the Special Law on Involvement of Private Communications, or wiretaps, approved by Congress, does not mean that the user has the portability and make the number of proprietary, authorities explained today the National Telecommunications Commission (Conatel). If now a person wanted to move from operating […]

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Peru looks to increase exports through borders with neighbor countries

Peru has, according to information provided by the Ministry of Foreign Affairs, a total of 18 border crossings with Ecuador, Colombia, Brazil, Bolivia and Chile (see graphics). Of these, ten are fully qualified and the rest waiting for the budget and, in some cases, agreements with neighboring countries for its full operation. “It’s not an […]

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Walmart has 1000 projects on table in Mexico and Central America

Walmart has 1,000 projects in the spotlight There are 260 cities in Mexico and Central America where they still do not have shops, highlights the group, after four years of losses, Banco Wal-Mart expects to achieve break even in early 2013. In 2011 the trade group opened a total of 365 stores in Mexico, is […]

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Mexico needs more refineries

Mexico just needs to build two refineries, one that is already underway and an additional one to be self-sufficient in gasoline production, said the sector empresarial.El Center for Private Sector Economic Studies (CEESP) under the agency of the Business Coordinating Council (CCE), said that besides the new refinery to be built in Tula, the center […]

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Standard Bank of Argentina sold to Chinese

The sale of the subsidiary of Standard Bank Argentina became official yesterday after a meeting between President Cristina Kirchner with the head of the Central Bank of Argentina (BCRA), Mercedes Marco del Pont, and representatives of the group of Chinese investors. The acquisition was carried forward by Industrial & Commercial Bank of China (ICBC) and […]

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Carl’s Jr. enters burger market Colombia through Brazilian franchise holder

BMI, which has 5 years of existence and is the largest fast food operator in Latin America. In the fight for the ‘lovers’ burgers in Colombia, market worth some 446,000 million pesos, considering the big names will come a new player.This is Carl’s Jr., a U.S. firm with over 56 years of existence and that […]

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Use of credit cards in Colombia soared in 2011

The Colombians spent in 2011 more than 3.5 billion pesos this payment. The issuance of new credit cards is not the only one who is shot in the country. So is the consumer this means of payment, which reached 3.5 billion pesos, ie, 18.6 percent more than recorded in 2010. Read Article

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Canada hopes to export more cattle to Peru

The Department of Agriculture and Agri-Food Canada (AAFC) reported today that Peru authorized the entry to its market for Canadian cattle born after August first, 2007, and it is expected that the bulk of sales are in Canadian field of dairy genetics. “Farmers and Canadian dairy farmers will benefit from immediate access to the growing […]

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Unemployment increases in Tijuana and northern Mexico

Unemployment continues to increasein Baja California and northern Mexico entities and according to specialists in economics, the situation may worsen if plans are implemented. Based on a study on employment in the state, conducted by the researcher and professor at the Colegio de la Frontera Norte (Colef), Alejandro Diaz Bautista, the unemployment rate of Baja […]

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Peru: Seven regions account for 73 percent of exports to China

Seven regions, excluding Lima and Callao, gathered in 2011 to 73% of Peruvian exports to China, the destination of Peruvian products, reported the Business Research Center of the National Chamber of Commerce, Production and Services (Perucámaras). These regions are: Ica, Ancash, Arequipa, Moquegua, Pasco, Piura and Cusco. Ica last year accounted for 21.9% of Peruvian […]

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Chile at risk for electrical blackouts due to fragile transmission system

Chile still has risks of disruption to their central electrical system due to the persistent weakness of the transmission and distribution infrastructure, said Friday Reuters Energy Minister Rodrigo Alvarez. “It’s a real risk (…). Even if today we had a huge amount of water in our reservoirs, there could be a possible risk of a […]

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942 microfinance offices in Peru

Microfinance institutions opened 942 offices around the country over the last five years, from 477 in 2006 to 419 thousand last year, reported the Association of Microfinance Institutions (ASOMIF Peru). Read Article

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Banana prices at low level, Ecuador

Jose Pelaez has a banana farm in the La Iberia Region Guabo (Gold). The 600 cases last Thursday embarked on a transnational brand which exports to Europe. “They are now paying between 8 and $ 9, he was 11 earlier this year, but only lasted a week.” He, like dozens of small producers in the […]

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Guatemalan companies continue to develop and export many types of applications

Guisela Flores, coordinator of the commission of Digital GT of the Guatemalan Association of Exporters (Agexport) explains that there are currently about 12 companies exporting applications and digital content. “ “These companies are constantly creating and developing applications for operating systems like Google Android, iPhone and Apple Inc’s iPhone, but many independent programmers,” said Flores. […]

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Guatemala, prices of services and goods lowest in three years, January 2012

The pockets of Guatemalans have benefited in January with a slight inflation. According to the Consumer Price Index (CPI) which measures the changes of 440 goods and services, reported that inflation stood at 0.09 percent last month, the lowest since January 2009. According to the National Statistics Institute (INE), the reduction in the price of […]

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Argentina analyzing new import controls from Brazil

Secretary of Foreign Trade of Argentina, Beatriz Paglieri, met Monday with his Brazilian colleague, Tatiana Prazeres, to analyze the impact of new controls on imports arranged by Buenos Aires in bilateral trade, official sources confirmed. As reported by the Argentine government on their official website, the meeting will be held in Argentina’s capital and there […]

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Colombia to purchase 20 million dollars a day for reserves over the next three months

Colombia’s central bank decided on Friday to increase the level of international reserves through daily purchases of at least 20 million through competitive auctions over the next three months. La decisión del emisor se produce en momentos en que el peso colombiano experimenta una fuerte apreciación que acumula un 7,95 por ciento en lo que […]

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Number of foreign tourists up 13% for 2011 in Chile

A 13% increase in tourist visits in 2011 and hopes to further increase in February. “During the month of January 506 933 arrived in the country, mainly from Argentina (254 501), Europe (60 056) and Brazil (40 958),” explained the secretary. Positive balance of authorities, which also adds a complete development and implementation of the […]

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Uruguay: Significant shortage of skilled workers for near and long term

The Uruguayan government for flexible migration policies to attract foreign and Uruguayan foreign skilled workers, with low unemployment, shortage of trained manpower and the provision of generating over 20,000 jobs this year, said yesterday Labour Minister Eduardo Brenta. “Uruguay this year projected GDP growth at around 4%, this means a generation of 25,000 new jobs […]

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Bolivia attracts foreign investors

The Government’s position on economic agendas with private entrepreneurs to work in the productive, motivated companies such as Latin America Invest to consolidate meetings with the private business sector and facilitate the entry of foreign investment to the country, said the director of this Company, Damián Valenzuela. According to the executive, the conditions in Bolivia […]

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Since 2006, 15 Bolivian companies nationalized

The government has already nationalized 15 companies between May 1, 2006 and January 2012, a report by the Millennium Foundation, but notes that many former owners have not yet reached an agreement. Read Article

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Mexico: Number of foreign visitors continues to increase

Eleconomista.com.mx stated the Ministry of Tourism (Tourism Ministry) reported that in the last five months of 2011 saw a steady increase in the number of visitors to Mexico by air, over the same period in previous years. He said according to statistics of the Integrated Migration Operations (SIOM), arrived in Mexico: August, more than 730,000 […]

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Panama prices squeezing stores in southern Costa Rica

Happy shoppers can buy Costa Rican products in Panama at much lower prices than in Costa Rica, reported the leading Spanish-language newspaper La Nacion this week. The competition is strangling some Costa Rican stores in the southern Zone immediately across the border from Panama, the paper added. This condition exists not only with home appliances, […]

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Costa Rica: Entire southern border very porous

Deputy Minister of Finance Why is there no control on the southern border? For December, operating as part of Nicholas, reinforce the Fiscal Police presence there. In the second half of last year, established a series of measures to improve the operation. He appointed a new manager of the customs for the contest. Fiscal Police […]

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Protests in Porto Alegre Brazil against capitalism

The World Social Forum now returned to his home to Porto Alegre to speak out against capitalism, which blamed the financial crisis and environmental threat hanging over the planet in a march that ended in a flood. With a very Brazilian style, the rhythm of drums and in the midst of a real carnival, the […]

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Galapagos Islands: Airfares increase, shortage of supplies due to decrease in number of cargo ships operating

El Universo.com reported as described Mariana Barrera desperate situation that exists in the Galapagos. She has a distributor in San Cristobal. She said that prices “are through the roof” for about two weeks. “There is no rice, no sugar, we have no gas. We are without basic necessities, “said Barrera, who explained that” ships and […]

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Ecuador: Credit cards begin new fees and classfications

A new set of rates applies in this quarter for the financial services and the renewal of membership and credit cards. The difference this year is that new segments are created to differentiate the costs of the cards. The resolution of the Banking Board approved in December and is applicable from January to March, also […]

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Cuba: Cellphone, text rates to drop February 1, 2012

A rebate of rates for cell phones in Cuba, including the modality of “calling party pays” and 46% reduction in the charge for text messages, enter into force on February 1, said Sunday the state monopoly Etecsa. The information in the state telecommunications company reaches customers through text messages received on their mobile phones. Read […]

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Grain carriers on alert in Argentina due to drought

Grain carriers across the country are in alarm while the losses are accounted for so far caused the drought that hit agricultural and livestock regions in Argentina. While claim against the price of oil which impacts on their costs, truckers move agricultural goods anticipate another front in crisis by falling demand, if the drought persists. […]

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Grupo Pão de Açúcar Tracks Carbon Footprint with SAP

The Grupo Pão de Açúcar, the largest retailer in South America, has selected the SAP Carbon Impact OnDemand solution to monitor and manage carbon emissions and energy consumption in each of its 1,832 stores. The solution from SAP AG will help the group, long recognized as a sustainability leader for retailers both in Latin America […]

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Brazil: Facebook surpasses Orkut with most visitors

Facebook surpassed Orkut as the social network with most visitors in the Brazilian internet in December, according to data of North-American consulting company comScore. Mark Zuckerberg’s social network had 36.1 million visitors last year, while its competitor Orkut, of Google, registered 34.4 million visitors. Facebook visitors almost tripled compared to December 2010 figures, when it […]

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Brazil’s airports overwhelmed with World Cup 30 months away

According to a report by the newspaper Folha de São Paulo, the passenger demand is growing year after year, although the rates are increasingly expensive. Sao Paulo, Rio de Janeiro, Brasília and Cuiabá are the most affected by the phenomenon. During the World Cup 2014, 16 airports will be most used by visitors. Among them, […]

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#taxistastwitteros de Bogota Colombia provide service to passengers

#taxistastwitteros de Bogotá A number of taxi drivers in Bogota have joined together to use Twitter as an improved tool for safety and service for customers.

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Venezuela sent 100 million gallons of fuel to Colombia in 2011

Venezuela sent more than 100 million gallons of fuel to Colombia in 2011 as a result of the relaunch of bilateral ties, said the Ministry of Oil and Mining in Venezuela. It said in a statement that under the Fuel Export Scheme Norte de Santander department of Colombia 105,458,678 liters of fuel dispatched to the […]

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Beer Sales outlook in 2012 positive in Latin America

The Latin American brewing industry expects a growth of 2% in 2012, benefited from the economic pace has kept the region from U.S. financial turbulence and Europe. So says Efe general secretary of the American Brewers Association, José Manuel Juanatey, who emphasized that the region has not suffered the ravages of the global economic crisis […]

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New oil reserves discovered in Ecuador

The state-owned Petroecuador oil fields discovered in the Amazon by a volume of 18 million barrels, which partially offset the reduction in reserves and used, said today in a statement. The company said its total proved reserves in 2010 amounted to about 4.693 million barrels.Petroecuador is the second largest oil producer in Ecuador, after the […]

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Chamber of Commerce of Quito fears repercussions of President of Iran’s visitIran’s

The Chamber of Commerce of Quito (CCQ) said on Tuesday, fearing a visit to Ecuador on Thursday, Iranian President Mahmud Ahmadinejad threatening trade relations between his country and the United States or the European Union (EU). “Without a doubt, having a close, close ties with Iran, we could disrupt the main export market for Ecuador,” […]

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Puebla second most expensive city in Mexico

As of December last year, the city of Puebla was listed as the second most expensive nationally, recording an annual inflation of 4.94%, higher than the national average of 3.82% registered. Read Article

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Exxon Mobil from China in Peru this week

A delegation from Chinese company Exxon Mobil will visit Peru around midweek to enquire about the country’s oil potential, Aurelio Ochoa, the president of the state licensing agency for hydrocarbon exploration, Perupetro said. Exxon Mobil, one of the main oil companies worldwide, operates in more than 40 countries. Its activities include the exploitation, production and […]

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Electric grid collapses in Manabi, official of electrical group fired after criticizing Correa

With the effect of rainfall on the coast also were widespread outages in several counties Manabi intermittent, causing damage at least in the hospital Portoviejo IESS masts and the TV signal located on the hill of leaves, as many stations could not broadcast its programming. The electricity in this province is in charge of the […]

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Colombia: Remittances up 5.1%

Colombia had received in November last year to 3.784 million dollars from Colombian workers remittances sent home in the country. This behavior of remittances is an increase of 5.1% compared to the levels of the same month of 2010, when they joined 3,600 million dollars, according to figures released by the Bank of the Republic. […]

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Colombia: Unions ask government for antidumping measures against China

As soon asked by imports from China, the face of Luis Gustavo Florez gets tense. The president of the Colombian Association of Manufacturers of Footwear, Leather and Articles Thereof (Acicam) makes it clear that illegal purchases from the Asian giant is mainly responsible for employment in the sector has suffered a fall of 7.6% between […]

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Open Source Media Monitor Latin America

Latinamericacurrentevents.com is an open source media monitor that exclusively covers Latin America. Ten years in development, the firm is skilled at following and locating news on any topic regarding Latin America. LACE has further developed an in house proprietary database of keywords and phrases used in much of the monitoring it conducts for clients. This […]

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Argentina: Three children rescued from clandestine sweat shop assembling unauthorized Disney and Barbie items

A boy of 12 years and two children under 15 and 17 were rescued this morning on a sweatshop where they made ​​cartridge with children and football grounds in operating conditions, in a house in La Plata. There are two adults in custody, a man and a woman, presumably the owners of the place, judicial […]

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Bolivian apprehended in Buenos Aires operating slave labor shop

A 32 year old man accused of exploiting workers Bolivian nationals in a clandestine workshop in Villa Madero, was arrested by police, who rescued 17 people, police in Buenos Aires. The man, shop owner, identified as Alfredo Canaviri Mamani, Bolivian nationality, was arrested by the Department of Investigation (DDI) of La Matanza, which rescued 17 […]

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Ecuador, Banks closed this Friday and reopen on Tuesday January 3, 2012

Financial institutions do not provide service to the public on Friday December 30 len all its agencies, because they work in preparing the balance of the end of fiscal year 2011. For four days, users may withdraw money from ATMs. Attention will resume as normal on Tuesday January 3, 2012, detailed the Ecuavisa news. Meanwhile, […]

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Brazil Plans to Replace France as Fifth Largest Economy

The Brazilian government has expressed confidence that in the next four years, Brazil will replace France as the world’s fifth largest economy as revealed by noticias.lainformacion.com. It has already replaced the United Kingdom as the sixth largest world economy, and President Rousseff and Minister of Finance Guido Mantega are confident that Brazil will surpass France […]

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Cuba and China Sign 16 Agreements for Economic Cooperation

Cuban Vice President of the Council of Ministries, Ricardo Cabrisas, met with the Chinese Head of Commerce, Chen Deming, to sign 16 agreements for economic cooperation from 2012-2016. According to prensa-latina.cu, these agreements cover cooperation in the areas such as agriculture, health, and biotechnology. Cabrisas sees China as a source of stability in a time […]

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Cuba looking for investments in tourism, oil, mining, energy

The Center for Promotion of Foreign Trade and Foreign Investment in Cuba (CEPEC) encourages foreign investment in tourism and other sectors as part of a process of change in the country. The areas open to foreign capital under Cuban law regulations are tourism, oil, mining and energy. According to the weekly options, citing the aforementioned […]

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BAE enters contract to upgrade 150 military vehicles from Brazil

The second defense industrial conglomerate in the world has ratified the contract announced in the last LAAD to update the M-113 of the Brazilian Army. The amount to invest seems to have descended from the original $ 48 million to about 42 in the end, but basically modernizing about 150 vehicles, of the 376 initially […]

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