World Bank directors will be urged by Honduran peasant leaders and civil society groups to withdraw support for a major palm oil company accused of links to killings, kidnapping and the forced eviction of small farmers. The bank’s European directors, meeting in Brussels on Wednesday, will be handed a report by Human Rights Watch, published last month, that suggests the Honduran government and police have failed to investigate 29 murders and kidnappings in the Bajo Aguán region since 2009. Human Rights Watch said evidence suggested the involvement of private security guards working for palm oil companies in 13 of the killings and one case of abduction. Read Article
breitbart.com reported….Here are are the reasons why the court ruling by a US federal judge that Chevron should not have to pay $9.5 billion in damages to victims of oil pollution in Ecuador is a victory for common sense and justice which we should all be celebrating. 1. It’s not about David v Goliath. Though, […]
mondaq.com reported that…In Yaiguaje v. Chevron Corp, 2013 ONCA 758, the Ontario Court of Appeal affirmed that an Ontario court has the power to recognize and enforce a judgment for approximately US $9.51 billion rendered by Ecuador’s National Court of Justice against Chevron Corporation (“Chevron”), and its Canadian subsidiary, Chevron Canada Limited (“Chevron Canada”), which […]
Elpais.com reported five percentage points of taxes are measured in money but also in time and distance. The industry know it well because, from January 1, not only pay more expensive good part of products that are no longer encumbered with a reduced 11% VAT but with 16% that affects the rest of the country. […]
Marinelink.com reported thatEcuador’s Foreign Trade Committee (COMEX) has issued a resolution which establishes new quality control measures for the importation of particular products into the country. The resolution covers items, including cosmetics (shampoo, soap, makeup and deodorants), ceramics, perfumes, toothpaste, processed fries, meat and cereals, among others. Compliance with these new requirements must be certified […]
Reuters reported that Ecuador’s markets watchdog said on Sunday it fined the local subsidiary of Latin America’s largest phone company, America Movil (AMXL.MX), $138.4 million for anti-competitive practices. The Superintendent of Market Control said the subsidiary, Claro, had “impeded” other local cellphone providers and that the fine represented “10 percent of all its business in […]
telecompaper.com reported that Ecuador’s Minister of Telecommunications and the Information Society, Jaime Guerrero, has taken part in a ceremony to lay the first stone for a fibre optic cable factory for Latam Fiberhome, a joint venture by Teleconet and foreign strategic partner Fiberhome Telecommunication. The cable factory will be Latin America’s largest and will mean […]
HISPANTV.IR Reports Ecuador will reduce its imports $6 billion by 2017 The Government of Ecuador seeks to reduce imports by about 6 billion dollars until 2017. The objective is to protect its domestic industry and labor. The Ecuadorian government plan is to prevent hundreds of products that can be made at home, entering through imports. […]
france24.com reported that a shortage of paper in Venezuela is forcing some local newspapers to stop printing their editions and others to scale down publications. Rights groups fear the freedom of the press is once again under threat in the South American country. On January 21, El Expreso, a regional daily in the southeastern state […]
lahora.com.ec reported With very good pulse, Marco Leon begins to move the pieces that are failing a clock. After inspecting it and testing it, notice that the minute Cannon has released. Again you open the clock and adjusts this piece that holds the minute hand. He is one of the few ‘professional time’ that still […]
online.wsj.com reported… Growth in Ecuador’s banking sector will likely continue to be affected this year, as President Rafael Correa’s administration looks to pass stricter regulations following a series of other rule changes that have been implemented since he took office. According to data from Private Banking Association of Ecuador, or ABPE, the nation’s banks had […]
latino.foxnews.com reported …. Earlier in the week the chief of the Iran-Mexico Parliamentary Friendship Group met with the head of the Mexican Senate’s Foreign Relations Committee, Gabriela Cuevas Barron, in Tehran to discuss the expansion of energy ties between the two nations and in other parts of Latin America. For its part, Mexico appears open […]
chinadaily.com.cn reported that Vice-President Jorge Glas of Ecuador, who is currently visiting China, encouraged more Chinese investment in his country, which is a business gateway to Latin America. Glas spoke during an economic forum on Wednesday in Beijing that was sponsored by the China Council for Promotion of International Trade. Ecuador and China share complementary […]
scoop.co.nz reported that the Guarani Indians in Brazil have urged Coca-Cola to stop buying sugar from US food giant Bunge, which has been implicated in a landgrabbing scandal. A recent Oxfam report revealed that Coca-Cola is sourcing sugar from Bunge – which in turn buys sugar cane from land stolen from the Guarani to produce […]
Paraguay has caused outrage by quietly granting cattle ranchers a license to bulldoze a UNESCO Biosphere Reserve which is also the last refuge of uncontacted Ayoreo Indians. Paraguay’s Environment Ministry (SEAM) has violated national and international law by issuing an environmental license to ranching company Yaguarete Pora S.A. which puts the lives of the uncontacted […]
msan.co.nz reported that Argentina has negotiated a new inflation-fighting gambit – regulating prices of nearly 200 supermarket staples – scheduled to go into effect on January 1, the Commerce Department says. The move echoes a 60-day price freeze on mass market supermarket items last February that failed to slow the country’s heavy inflation. Read Article
With high insolation and a supportive regulatory body, Mexico is the most attractive near-term solar market in Latin America. GTM Research provides a deep dive into the region in a new quarterly subscription service announced today: the Latin America PV Playbook. The Mexican solar market’s installed base will quadruple from 60 MW to 240 MW […]
The President Barack Obama administration is “exploring” a regional trade plan for the Americas that would be the most ambitious hemispheric initiative in years, but contrary to the failed experience of George Bush’s FTAA (Free Trade Area of the Americas), this time it would be instrumented through Nafta (North American Free Trade Agreement) partners Mexico […]
oncars.in reported that Aston Martin has officially announced that it will be opening its first dealership in Mexico City. Starting next year, the British sports car maker’s all-new 4,500 sq ft showroom will house up to six car. Besides displaying the model lineup, the dealership will also cater for the servicing needs of Aston Martin […]
cre.com.ec reported…Temuco -. “Was eating and I found this strange thing in the burger and vomited. It was gross.” These are the words of Pedro Valdes, who last year was found with a mouse tail in a hamburger purchased at a local McDonald’s in Temuco, Chile. Now, a year after the fact, the Third Court […]
wikipedia.org…Ecuador supplies 95 percent or more of commercial balsa. In recent years, about 60 percent of the balsa has been plantation grown in densely packed patches of around 1000 trees per hectare (compared to about two to three per hectare in nature). It is evergreen or dry-season deciduous, with large (30–50 cm or 12–20 in) […]
worldpropertychannel.com reported that Home2 Suites by Hilton announced today the opening of its first location outside of the United States, marking its entry into Latin America. The new location, Home2 Suites by Hilton Queretaro, Mexico, will be the brand’s 24th hotel. “Expanding our footprint internationally is a milestone achievement for a young brand like Home2 […]
plenglish.com reported that the National Fisheries Institute sent out an alert today about Shrimp Early Mortality Syndrome (EMS), a disease believed to originate in Asia and considered a threat to this important Ecuadorian industry. The institute’s director, Edwin Moncayo, reported that the disease can be transmitted through the transfer of larvae from one place to […]
Nutriad appoints Biobac to supply shrimp additives in Ecuador, Peru. Nutriad International has recently appointed Biobac S.A. as its strategic partner to supply Nutriad’s specialty additives to shrimp farms and aqua feed mills in Ecuador and Peru. Biobac is a pioneer in the development of biotechnological products for aquaculture in Ecuador. Read Article
Andes.info.ec reported – Quito, November 28 (Andes).- 82% of processed foods sold in Ecuador contain high levels of fat, salt and sugar, and on the other hand, barely 2% of products sold in the country have low levels of those ingredients, reported the Ministry of Public Health as it warns that those critical levels of […]
wsj.reported that in October, Deloitte interviewed 132 high-level business executives at top companies employing a total of more than 50,000 people. About 60% of those surveyed for the “Barometer of Companies” survey said sales at their companies should grow next year, while only 11.5% see a reduction and 28.5% predict no change. Read Article AN […]
DOINGBUSINESS.ORG REPORTED…. This page summarizes Doing Business 2014 data for Ecuador. The first table lists the overall “Ease of Doing Business” rank (out of 189 economies) and the rankings by each topic. It also lists the economy’s distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and […]
ibtimes.com reported Chile is the best country in Latin America to do business. The South American powerhouse was the highest-scoring country of the region, clocking in at 34 out of 189 nations surveyed. The second-largest economy in the region, Mexico, was rated number 53, two positions lower than last year. Mexico was praised for its […]
aircargowold.com reported that Cargolux is adding 747 freighter flights to Buenos Aires on a new South America rotation starting Wednesday. – See more at: http://www.aircargoworld.com/Air-Cargo-News/2013/11/cargolux-to-carry-auto-parts-horses-on-new-argentina-service/1215945#sthash.tnhTgGu4.dpuf Flight CV7643 leaves Luxembourg every Wednesday and is routed to Buenos Aires’ Aeropuerto Internacional Ministro Pistarini de Ezeiza via Viracopos, Brazil. CV7654, the return flight from Argentina, touches down in […]
individual.com/ reported that Ecuador has asked an arbitration court in the Netherlands to dismiss a case brought against it by U.S. oil supermajor Chevron Corp., which is fighting attempts by plaintiffs in the South American nation to collect on a multi-billion-dollar pollution judgment. MOVING TO ECUADOR? READ THIS BOOK. Chevron, meanwhile, says it will continue […]
The National wages Council today held a meeting to define the unified Basic salary increase. This meeting presented a series of data such as inflation, productivity, etc., such as a diagnosis of the situation in the country. The collegiate body, which meets at the Ministry of Labor Affairs, is composed of a representative of the […]
Negotiations for regularization of foreign productions continue. The Ecuadorian Institute of intellectual property makes controls to avoid material in cd and dvd, mostly from domestic production, is sold irregularly. The process initiative is the development of the creative industry in the Ecuador. For those who fail to comply with the restrictions of copyright there are […]
mercopress.com reported that consumer prices in Brazil edged up last month but remained stable at 5.8% over 12 months, the Brazilian Institute of Geography and Statistics (IBGE) reported Thursday. It put October inflation at 0.57%, up from 0.35% the previous month. On an annualized basis, the 5.84% rate in October, which compared with 5.86% in […]
With the fastest growing Internet population in the world, everyone has their eyes on Latin America. As successful businesses look to expand, the rise of the Latin American digital consumer deserves strong consideration — Twitter, Netflix and Waze are examples of businesses that have scaled in Latin America. And with the 2014 World Cup and […]
voxeu.org reported….In recent years, the growth rates of Latin American countries have been cooling-off in comparison to the period of 2004-08. This column argues that the cooling-off is not due to a change in external factors because these have remained favourable. Persistent economic growth can be achieved by internal transformations. It cannot be sustained solely […]
bnamericas.com reported that Paraguay plans to carry out 33 priority road projects, totaling US$2.44bn, with the aim of having 8,000km of the national road network paved in the next 10 years, a spokesperson from the public works and communications ministry (MOPC) told BNamericas. The projects fall within MOPC’s strategic road investment plan for 2013-18, which […]
On October 15, 2013, Estado de São Paulo reported that a former executive of the German multinational firm Siemens has admitted to using bribery to gain bids on projects in São Paulo’s subway sector. The content of these admissions are still under investigation; however, reports suggest that these depositions could significantly alter the direction of […]
Franchising.com reported that Denny’s, Inc. (Nasdaq:DENN), the world’s largest full-service family dining chain, today announced it has entered South America with the opening of its first restaurant in Chile. Located in the Las Condes section of Santiago, the new location is operated in partnership with local partner the Musiet Group as a part of an […]
nextvlatam.com reported that Sky Mexico, Televisa subsidiary, plans to finish 2013 with 6 million subscribers. This figure would place approximately 40% of the pay TV market in Mexico, according to the Director of Marketing at Sky, Marco Rojas Kuri, NexTV Summit in Mexico 2013 (1 and 2 October in Mexico City). Read Article
THEATLANTIC.COM REPORTED …On a recent afternoon, Daniel Soto, a 36-year-old chef and entrepreneur, scrutinized the pedestrians passing in front of his brilliant orange food truck a few blocks away from the white, ultramodern, glass-paneled Reforma 222 mixed-use shopping center, at the border between Mexico City’s downtown financial district and the city’s trendy Roma Norte neighborhood. […]
Mexican private pension managers, known locally as Afores, saw assets under management grow by an average of 3.5% in real annual terms in August, compared…Mexico’s private pension growth plummets in August. Read Article – Subscription
Ecuador is seeking to increase exports to the United Kingdom with the active participation of its commercial office in London. There is a high demand for fair trade, organic, sustainable production labelled products but there is also a strong entry for chocolate, snacks and dried fruit. Juan Diego Stacey, head of Ecuador’s Commercial Office in […]
Pay-TV in Ecuador reached 850 thousand subscribers in July of this year, according to the last report of the Superintendency of Telecommunications (Supertel). It grew by 5.43% in relation to the first quarter. “Penetration of the service has grown continuously, moving from 5.8& in the year 2003 to 20.64% currently”, reported Supertel. The biggest growth […]
New Law Proposed by Correa to dampen capital markets, not permitting bond offerings backed by future sales Kentucy Fried-chicken sales are not enough to back bonds in Ecuador President Rafael Correa’s local debt market. bdlive.co.za reported that Mr Correa is proposing legislation that would prohibit the sales of securitised debt if the bond is not […]
Undercurrentnews.com reported that Shrimp prices from Ecuador are up over 70% year-on-year, with prices for headless product for the US and head-on for Europe rocketing. “It’s about who has the shrimp, they set the rules,” one European source told Undercurrent News. At the moment, with early mortality syndrome (EMS) decimating production in Thailand, China and […]
Eluniverso.com reported that according to the AEVD, 52% of direct sellers are married, 18% single, 17% cohabiting, 9% and 4% widowed divorced. The 79% of consultants solves household expenses. A consultant sells an average of $ 250 a month. Clothing, jewelry, natural products, housewares, appliances and cooking utensils are available through a catalog, without having […]
Prokerala.com reported that the US International Trade Commission (ITC) has dropped countervailing duties on imports of shrimp from Ecuador, local media reported. The ITC ruled that the Coalition of Gulf Shrimp Industry (COGSI), the complainant, failed to attest that it suffered from cheap imports of frozen shrimp from Ecuador as well as four other nations, […]
In an agreement with America Movil, AT & T will operate in 15 countries including Panama and the rest of Central America. AT & T to reach 15 countries in Latin America in coopertion iwth America Movil. The company will do business in 15 countries including Argentina, Chile and Colombia through connections with America Movil […]
Chinadaily.com.cn reported “Even though Chinese investment in Latin America has focused on the oil, mining and agricultural sectors for more than a decade, infrastructure projects such as roads, power plants, high-speed railways, ports and manufacturing facilities are being viewed as hot targets for investment,” said Wang. China’s outbound investment in Latin America so far has […]
US buyers are holding off on orders from Ecuador, waiting to see if the International Trade Commission (ITC) confirms the proposed countervailing duty (CVD) levels, sources told Undercurrent News. Buyers are, for the most part, buying what they need and waiting to see what happens on Sept. 19, when the ITC will vote if they […]
Gum production shifts to Latin America, says Leatherhead Global gum production is moving to two major Latin American nations. Brazil gum market worth $825 million dollars in 2012. Trident and Orbit most popular brands. Forecasts for Mexico’s chewing gum market estimates growth of 8.9 percent in sales between 2012 and 2017. Read Article
The phone company Claro, a subsidiary of America Movil, was sanctioned by the Superintendency of Industry and Commerce (SIC) of Colombia with a fine of 45 million dollars for practices to “limit free competition”. In a statement posted Wednesday on its website, the Superintendent explained that imposed two fines on course, with a total value […]
thepeninsulaqatar.com reported… Doha: Ecuador and Qatar are close to signing an agreement to avoid double taxation, a visiting Ecuadoran minister said yesterday. The agreement is expected to be inked when the President of Ecuador visits Qatar in the coming months, Ecuador’s Minister of Revenue Services Carlos Marx Carrasco said during a press briefing. “A three-member […]
Bloomberg.com reported that Ecuador borrowed $1.2 billion from China, its second loan from the country this year to help fund its 2013 budget, according to a Finance Ministry official. China transferred the money to the Andean country on Aug. 12 as part of a “commercial operation” with Ecuador’s state-owned oil company, PetroEcuador, the official, who […]
BBC.CO.UK reported that disabled people in Ecuador were once marginalised, shut up in their homes and considered unemployable. Since 2007, a single government initiative has transformed many of their lives. Before his accident, Angel Quevedo worked as a house painter in Ecuador’s capital city Quito. He was originally from a farm in the Andean highlands, […]
telecompaper.com reported Claro has launched DTH services in Ecuador. Available nationwide, the Claro TV Satelital service is available for a starting price of ECS 18 (VAT not included) per month for the basic package with sports, series and movie channels, including Sony, Warner, Fox, NatGeo, HBO, CineMax, MovieCity, ESPN, Fox Sports. Customers can subscribe to […]
Cornerstone Capital Resources Inc. (TSX: V.CGP, Stock Forum) said that it has received from the Ecuadorian Ministry of Environment the four-year environmental license for the advanced exploration stage of the Cascabel copper-gold property, located in Imbabura Province in northern Ecuador, approximately 120 kilometres north of Quito. The company will now begin preparing drill pads and […]
Ecuadorian officials and foreign investors are reopening discussions over the possibility of a deepwater terminal in Posorja, a town about 120km from Guayaquil, Emilio Aguiar, president of maritime chamber CAMAE told BNamericas. In 2006, a US$450mn concession to build and operate a deepwater port with a 15m draft in Posorja was awarded to Spanish group […]
On August 13, the United States Commerce Department declared its intention to raise import taxes on shrimp from India, Ecuador, Vietnam, Malaysia and China in order to offset export subsidies that those countries provide for their shrimp industries. Thailand and Indonesia were also considered but were ultimately exempted from the new duties. Read Article Moving […]
Newyorker.com reported…..A crusading lawyer helped Ecuadorans secure a huge environmental judgment against Chevron. But did he go too far?Texaco managed oil extraction in the Oriente region of Ecuador for twenty-three years. When Chevron acquired the company, in 2001, it inherited a lawsuit over environmental damage. The jungle outpost of Lago Agrio is in northeastern Ecuador, […]
individual.com reported that-Commodities trading house Armajaro Trading Group Ltd. said Monday that it has stopped buying cocoa from farms in Ecuador and is reviewing the rest of its operations there. Armajaro opened its office in Ecuador in 2009 to cocoa from growers’ groups and to export the beans to the U.S., Europe and Japan, according […]
dowjones.com reported that Ecuador’s government is planning public-sector investments worth about $47 billion from 2013 through 2017, the country’s Planning Secretary Pabel Munoz said Monday. Mr. Munoz said at a press conference the resources for the forecasted investment will come from taxes, oil revenues and external financing, but didn’t give further details. Thirty-five percent of […]
Fear that many customers will convert to electricity Augusto Salazar lives of the distribution of Liquefied Petroleum Gas (LPG) since 1973. With a shop located across the street from the church of Santa Clara de San Millan, in the northern center of Quito, during the last 40 years has faced the same problems to market […]
Undercurrentnews.com reported that Chinese buyers are now turning to Ecuador, a place that is experienced in growing shrimp to large sizes and has yet to detect EMS at any of its farms, sources said. “It appears they cannot produce bigger shrimp, but the Chinese love big shrimp, and in Ecuador there’s a lot of big […]
hollywoodreporter.com reported that Imax has a deal for two new theaters in Ecuador, a move that follows the giant screen exhibitor last year restructuring an agreement with the Racimec International Group to remove a drag on its South American expansion. The new agreement with Supercines, Ecuador’s largest exhibitor, will see two Imax screens go into […]
economia.ig.com.br reported on June 12, 2013 that the International Chamber of Commerce in its biannual report ranked Brazil as the most closed economy in the G-20. Since the commencement of the Dilma administration, Brazil has been below the world average of its openness to the world due to its trade policy and openness to investment […]
jcnet.com.br reported on June 10, 2013, that business in Providência; in the central area of Rio de Janeiro, reopened on Sunday (9) after traffickers ordered the closure of businesses to mourn death of drug dealer Diogo de Oliveira Santos who was killed by police. This is the second occurrence in the last 2 weeks in […]
On June 10, 2013, Terra reported that President Dilma returned to Brazil after visiting Portugal in response to the closing of the Year of Brazil in Portugal. However, the visit was intended to develop educational agreements between both countries as well as Brazilian companies working to help privatize Portuguese companies. Companies to be privatized include […]
On June 6, 2013, Terra reported the Ministry of Development, Industry, and Foreign Trade reveal there has been a significant increase in Brazil’s economic relationship with African countries. Between 2002 and 2012, trade has increased by 416%. African countries have increased their use of Brazilian exports to 5.03% in 2012 compared to 3.91% in 2002. […]
On May 27, 2013, Globo reported that President Dilma announced on her radio program “Breakfast with the President”, that with current the construction of six old and new stadiums to host the Confederations Cup this year as well as the World Cup in 2014, Brazil has the capability to host the best World Cup in […]
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Ecuador’s National Aquaculture Chamber (CNA) reports significant barriers preventing the access to all or part of shrimp trade for Ecuadorean producers. Exporters have reported complications in Argentina, China, South Korea, Egypt and Brazil, reports El Universo. Brazil is not accepting shipments from Ecuador because it still has a sanitary barrier on Ecuador, arguing that it […]
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em.com.br reported on May 17, 2013, a bilateral meeting between Mexican Foreign Minister, Jose Antonio Meade and Brazilian Foreign Minister, Antonio Patriota. The meeting’s agenda is an attempt to promote the unity of state oil companies, Petrobras and Pemex. The two ministers agree that Brazil and Mexico share a high interest in expanding trade relations […]
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Since Ecuador defaulted on global bonds in 2008, China is now the largest source of financing. Online.wsj.com reported tht Ecuador’s Finance Ministry sold $15 million in 15-year domestic bonds Thursday, with an interest rate of 7.75%, traders at the country’s stock exchanges told Dow Jones Newswires. The bonds have a 10-year grace period and were […]
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ebc.com.br reported on May 8, 2013, President of Brazil Dilema Rousseff and President of Egypt, Mursi Mouhamed will sign seven documents pertaining to technical, agricultural, social and cultural concerns. Both presidents have reached a cooperative level of agreement as well, to establish a partnership on environmental and health-related issues. In Brazil until May 9, President […]
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America Movil’s andTelefonica’s Ecuador units have contracts cancelled Ecuador’s anti-monopoly watchdog, seeking to improve mobile-phone coverage, suspended about 2,000 exclusive contracts used by carriers such as America Movil SAB to get prime locations for network towers. Mobile-phone carriers, also including Madrid-based Telefonica SA (TEF), will be forced to renegotiate the agreements to grant competitors access […]
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CSR Press Release Reported that the 20-year fight by residents of Ecuador’s Amazonian rain forest to make Chevron pay to clean up the contamination and polluted streams it left behind has made civil society stronger and Ecuador’s courts better prepared to deal with similar cases in the future, a lawyer who was part of the […]
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The world’s number one kids’ beverage brand is entering another market in Latin America. After launching in Brazil in 2011, Capri-Sun is now also being produced and distributed in Mexico. Together with its Mexican license partner Grupo Jumex, Capri-Sun is counting on the proven worldwide appeal of the unique stand-up pouch together with four flavors […]
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The Latin American market presents significant opportunities for growth, an American International Group Inc. senior executive said at a breakfast Tuesday during the Risk & Insurance Management Society Inc.’s annual conference in Los Angeles. Read Article
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Bank of Tokyo-Mitsubishi UFJ has been beefing up its project finance business in Latin America, hiring specialist bankers who speak Spanish and Portuguese to gain better access to projects involving exclusively local parties. Last summer, the bank hired Ralph Scholtz, BNP Paribas’ Latin America project finance managing director, as its region’s project finance team head, […]
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Taxation has become the main source of budget revenues Ecuador, displacing the oil sector. In 2012, the Internal Revenue Service (IRS) increased the tributes to U.S. $ 11,200 million (discounted fees). This year is expected to further increase amounting to U.S. $ 12,500 million, which should combated avoidance and tax evasion, effectively. In an interview […]
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According to the IMF, estimated inflation sits at 27.3%, much higher than the 14% to 16% official target originally set by the National Government for this year. The national economy freezes. The International Monetary Fund (IMF) lowered to 0.1% its estimate of Venezuela’s economic growth for the year, originally set at 3.3%. Based on its […]
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The company paid U.S. $ 882,000 to end a civil investigation and criminal justice in the United States, payments of bribes occurred between 2005 and 2009. The clothing retailer Ralph Lauren Corp acknowledged he paid bribes to Argentine officials between 2005 and 2009 to enter their products into the country. The American clothing brand paid […]
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Riobamba Mayor Juan Salazar, said yesterday the theft of $ 13’308 .000 Cabildo’s account at the Central Bank of Ecuador (BCE). That money was transferred to accounts of 31 individuals and companies in the country, he added. According to Salazar, the more than $ 13 million were stolen from the account of the municipality by […]
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Two million Argentines across the country join the biggest anti-government protest in years Almost two million Argentines marched on Thursday evening across the country’s cities and towns in one of the biggest anti-government protests in years highlighting public anger over a deteriorating economy, corruption, street crime and President Cristina Fernandez efforts to reform the media, […]
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The used car sales fell 8.61% in March compared to the same month of 2012, and ended the first quarter with a contraction of 3.56% year on year, reported the Automotive Chamber of Commerce. A total of 141,978 units were sold. However, the used car market in March recorded a rise of 15.73% when compared […]
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Laprensa.com.ni reported that the epidemic of coffee rust caused losses amounting to $ 550 million in Central America and the Caribbean and the decline of 441.000 jobs in the 2012-2013 harvest, according to estimates included in the final report of the International Prices Coffee. The Central American countries were the hardest hit, according to the […]
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Beto Cuevas and The Tits will be responsible for encouraging the Grand Opening of the Hard Rock Cafe Santiago on Thursday 18 April. A party expected to draw about 600 people in the campus square meters located on the Costanera Center Mall. Living “the experience of being part of rock history world from his soul” […]
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On April 12, 2013, O Imparcial reported that the mayor of São Luís, Edivaldo Holanda (PTC), signed an agreement today with Bank of Brazil to build 1,000 new housing units in the neighborhood of Tajaçuaba. It is estimated that São Luís suffers from a deficit of 85,000 housing units available for its population. The project […]
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Retail sales had been expected to rise 1.2 percent, according to the median estimate of 21 economists polled by Reuters. Forecasts ranged from flat sales to a 2.8 percent rise. Read Article
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FedEx Trade Networks, the freight forwarding arm of global shipping giant FedEx Corp. (NYSE: FDX), has expanded its presence and service capabilities in the Latin America region through a series of strategic operational developments. Over the last several months, the company has executed an organic expansion plan including opening new offices, establishing alliances with regional […]
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“We have made good progress on many issues. We have taken firm steps, but we are also awaiting reforms,” said Ms. Herdoiza. Offered reforms will include several topics, but the key point is related to the 70%-windfall tax on sales above a pre-negotiated base price. “This is a key point not only for Kinross but […]
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The projects are the construction of Line 2 of the Lima Metro, the gas pipeline of the south, the optical fibre backbone, and the Cusco-Chinchero International Airport (AICC) among others. Several projects presented by Peruvian President Ollanta Humala during road shows in Asia have aroused great interest among investors and entrepreneurs, according to Peru’s private […]
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DUE TO SECURITY ISSUES Hotel Colón Caribe CLOSES DOORS m.teletica.com reported that this past Friday Caribbean Hotel Colón in Limón closed its doors after suffering a recent assault with weapons being used. Furniture was loaded away last Friday after the hotel operated for 14 years. The manager made the decision to close after Swedish and […]
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Netflix Forced to Increase Monthly Service Costs in Brazil Netflix, the world’s largest online streaming video service, states it will increase monthly services from R $14.99 to R $16.90 for new subscribers as means of adding additional movies and TV shows to its services. Already registered subscribers will continue to pay the original same value […]
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On April 4, 2013, O Estado de São Paulo reported that a recent study done by The Economist shows São Paulo to be the 2nd most expensive metropolis in the world to own a car. In the research, The Economist selected 14 metropoli. São Paulo was second to Shanghai, China. The study considered first the […]
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• Stores Tosi House, part of the Territorial Bank closed, were operated by the State, as announced by the Superintendent of Banks, Peter Solines. Agency officials came to trust the company that handled incautarla. The liquidator, Carlos Espinosa, is responsible for the seizure. Was guaranteed job security for employees. The retail chain could be sold […]
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Online.wsj.com reported that-Banco Territorial S.A, the oldest bank in Ecuador, has entered a liquidation process one week after its operations were suspended, the banking regulator said late Tuesday. Pedro Solines, the country banking superintendent, told reporters that he has asked the Deposits Insurance Corporation, known as Cosede, to start returning insured deposits beginning next week […]
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On April 1, 2013, O Estado de São Paulo reported that Brazilian President Dilma Rousseff signed into law this morning the creation of the Ministry of Micro and Small Enterprise, the 39th ministry she is responsible for creating since 2011. The ministry will begin with a budget of approximately R$7.9 million and will employ a […]
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On March 30, 2013, O Imparcial reported that hotel occupancy rates in the Brazilian city of São Luís have diminished to levels that have brought panic. According to the president of the local hotel industry association, João Barros Filho, lower-than-average numbers since August 2012 fell to near crisis numbers during Carnaval. Some hotels reported just […]
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On March 19, 2013, Terra reported that police in the Brazilian state of Mato Grosso do Sul are currently investigating a string of suspicious payments made for services in hospitals in the state capital, Campo Grande. Local courts have already ordered the removal of several members of one hospital’s board for improper use of authority […]
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