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Venezuela lowers oil exports to the United States

The Venezuelan government’s hostile attitude toward Washington led Venezuela to stop being part of the solution to America’s energy problem, and its crude exports decline, the analyst said today José Toro Hardy.

“This antagonistic attitude of President Hugo Chavez to the United States we have lost confidence as insurance providers crude,” said economist Notimex exdirectivo of Petroleos de Venezuela (PDVSA).

He said the skilled artisan that Venezuelan oil exports to the U.S. have declined because the colossus of the north wants to reduce its dependence on foreign energy sources that are unreliable. Read Article

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Cellphone users in Argentina turn phones off to protest poor service from Movistar, Claro y Personal

Cellular blackout to protest poor service and collection calls abuse diariouno.com.ar reported that this Wednesday from 16 to 17 mobile phone users turn off their devices as a sign of dissatisfaction with suppliers. They are supported by several consumer associations. The call arose spontaneously in social networks under the slogan “We turned the phone to […]

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Colombia: Avianca airlines has strong interest in Portuguese airline TAP

For some time Avianca has shown strong interest in Portuguese airline TAP, who has had approaches for months to keep your operation. The directors of the airline came to the Portuguese capital accompanied by President Juan Manuel Santos, who also aims to strengthen bilateral relations. Among the agenda items are trade, investment, education, drug and […]

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Argentina: Number of informal or illegal merchants increase (Saladitas)

2,200 million pesos driven as much illegal trade known as “Crackers” and the presence of “street vendors” in public, a report said today the Argentina Confederation of Medium Companies (CMEA). The CAME poll in 160 cities in 24 provincial jurisdictions found that 370 were detected in October Saladitas in the country, 35 more than in […]

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2,400,000 credit cards circulating in Ecuador economy

In the Ecuadorian market average circulating 2’400 000 credit cards from different classes and types. According to the Association of Private Banks, to grant ‘plastic’ actual capacity is analyzed customer payment. But now for a no credit card required and can be obtained by submitting the identification card. Read Article

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Ecuador beginning native fish farming in Amazon areas

He arrived in Quito, from the province of Pastaza, Marco Guillen, head of fisheries projects and fish farming in the Amazon region, with the idea of ​​submitting to national and foreign experts fishery products that exist in the Ecuadorian Amazon. It is estimated that in the five Amazonian provinces of the country there are about […]

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Past week in Argentina, Pure Hell – opinion

By Federico Tessore. The snare the dollar is getting stronger. Government officials acknowledge, the President insists on denying and meanwhile Argentine savers are seeing their capital is destroyed, unless they do something. This was a hell week in Argentina, especially in Buenos Aires. Massive power outages, garbage in the streets, very hot, many demonstrations, strikes […]

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Number of ships docking in Guayaquil Ecuador down

The main seaports operating in Guayaquil are receiving fewer vessels. In the first nine months of the year, revenue from merchant ships fell by 20.9% on the docks of Port Authority of Guayaquil (APG) and private terminals that sit in the estuaries. The decrease means that the berths left to attend to September compared to […]

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Ecuador: Vehicle, cellphone imports fall 44 percent

Importing cars cilindrajes between 1,500 and 3,000 cubic centimeters, the CKD (parts and pieces) of cars in the same category and phones were down from $ 110.36 million (43.91%) from June to September, compared to that period last year. All three belong to the list of most purchased goods abroad. Since January last year, the […]

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Trade down between Latin America and United States

Eldinero.com reported that the surplus of the countries of Latin America and the Caribbean in merchandise trade with the United States declined by 35% from August to September was U.S. $ 2,520 million. The Latin American and Caribbean surplus in September accounted for 4.3% of the deficit in the trade of American goods in that […]

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Venezuela: currency devaluation expected 2013

The devaluation is expected by employers in early 2013 with the objective of reducing the fiscal deficit and alleviate pressures on the foreign exchange market, despite government denials and the negative impact on the already high inflation, according to dinero.com. Read Article

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Used Vehicle Prices Up Significantly, Venezuela

The country with the largest oil reserves and the world’s cheapest gasoline has this peculiarity: a result of exchange controls imposed by the government of Hugo Chavez in 2003, which hampered the acquisition of foreign currency to import vehicles and parts, auto supply new dropped and prices soared, especially those used. A Mitsubishi Lancer bought […]

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Colombia: 75,000 adults with fortunes exceeding one million dollars

Colombia was the country where private wealth grew between June 2011 and June 2012, according to Credit Suisse. Their accounts also indicate that here there are 75,000 adults with fortunes exceeding $ 1 million. For those paradoxes of life in the world while wealth declines in Colombia is increasing. This is the third annual study […]

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Colombians beginning November 2012 able to visit Mexico without visa

The measure applies to Colombians who want to enter Mexico as visitors, without permission engage in gainful activity for up to 180 days. The Embassy of Mexico in Colombia revealed that l Ministry of Foreign Affairs of that country abolished the visa requirement for Colombians as of November 9, 2012 The Ministry of Foreign Affairs […]

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Vehicle Sales Colombia Down

The Colombians have slowed the purchase of new vehicles in 2012 after it recorded a year earlier as sales in the country’s history. In the tenth month of the year and sold 25,023 s units, down 3.1% to cars sold for the same month of 2011. So far this year, through October, 260,113 vehicles hit […]

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Toyota to invest 150 million pesos in lithium mining project, Argentina

The Japanese company announced the Secretary of Mining, Jorge Mayoral, that in the next 15 days will make the first disbursement of 150 million pesos for the construction of lithium mining project Olaroz Salar in the province of Jujuy. Mayoral met in Tokyo with executives from Toyota after the completion of the 2nd Seminar on […]

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Ecuador, Belgium discuss bilateral cooperation programs

This Thursday, November 8th, Ecuador and Belgium evaluated 24 interventions among programs, projects, studies and consultancies that run in the country as part of the Bilateral Cooperation Program. At this meeting, Ecuador also positioned the reorientation of cooperation that defined the country, according to which Ecuador requires international cooperation to enhance technical skills development, the […]

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Ecuador: Inflation rate October 2012 slows to 0.09%

Annual inflation slowed in Ecuador in October by a decline in the prices of food and non-alcoholic drinks, the government said Wednesday. The percentage represents a slowdown compared to last September when the increase was 1.12%. The percentage represents a slowdown compared to last September when the increase was 1.12%. In the 12 months to […]

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Otavalo Ecuador: $80,000 in counterfeit dollars seized

The soldiers came to the PJ Agualongo community in Otavalo and entered the house where others would be counterfeit. In-house authorities found seven $ 100 bills and four sheets of paper money impregnated with a stamp reading “Central Bank of Venezuela.” None of this could be justified. Police said the amount of counterfeit money that […]

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Ecuador: Latin American Banking Federation questions tax reform involving banks

Last Thursday, the Latin American Federation of Banks (Felaban) , announced its deep concern at the proposal of President Rafael Correa, to use part of the income of private banks, to finance the announced bonus increased from 35 to 50 dollars according to Ecuavisa.com. The statement, which was published in several newspapers across the country, […]

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Real Estate Sales in Buenos Aires Argentina drops nearly fifty percent

The purchase and sale transactions in the City of Buenos Aires during September were down 47% compared to the same month last year, totaling 3247 writings. These data confirm the uncertainty in the sector due to the controls implemented by the national overplays market changes and marked “the lowest level of the series that began […]

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Argentina real estate investment drops 50 percent in Uruguay

According Cameras sector, the contraction is due to the fear of the Treaty of Tax Information Exchange between the two countries that ratify the Uruguayan Parliament before year end. Punta del Este, the most affected. Uruguayan real estate industry representatives presented a report last week in the Senate in ratifying the Argentina fall in investment […]

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Ecuador seeks to seize assets of Chevron in Argentina, Colombia

The community of the Ecuadorian Amazon, which has won court battles in his country and the United States in a lawsuit against Chevron for environmental damage between 1964 and 1990, now wants to seize the assets of the U.S. oil in Argentina and Colombia. The Union of People Affected by Texaco (company that in 2001 […]

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Colombia: oil reserves to triple over next twenty years

At the launch of Oil and Gas Expo 2012, the largest fair of Colombia oil, the manager announced the conclusion of the study by the firm Arthur D. Little for Mining and Energy Planning Unit. Thus, according to the document, the accounts could be completed in the next two decades with 1,200 million barrels in […]

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Peruvian explosives company to enter Colombian market

Exsa, the largest company of explosives for mining in Peru, could invest in Colombia and Argentina following the recent purchase of the most important Brazilian explosives company, together with its Chilean partner Enaex. Gustavo Gomez-Sanchez, Exsa commercial manager, said the expansion plans of the company in the region go hand in hand with the growth […]

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Guayaquil Ecuador: robbers enter bank, steal 56,000 dollars five minutes, unnoticed by guards

They took $ 56,000 Commercial Bank of Manabi and security guards were given no account of what happened inside. In five minutes the thieves tied up the employees and emptied the vault of the lender, where even tried locking the head of the agency, but to their pleas did not. Read Article Extra.ec

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Ecuador: Chambers of Commerces are concerned over new banking rules

Analysis of the Redistribution Bill Social Spending to increase Human Development Grant began yesterday in the Economic Commission of the National Assembly’s concern with representatives of chambers of commerce.  The debate on the legislative table began after 16:00, with the presence of Eduardo Peña, President of the Chamber of Guayaquil, who found that exposure to […]

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China may become Latin America’s largest trading partner in five years

Foreign direct investment between Asia Pacific and Latin America grew by 8% in the first half of 2012 China could become the largest trading partner of Latin America in 2017, as confirmed by the Economic Commission for Latin America (ECLA). Economists say that the EU financial problems open the way to China in Latin America. […]

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Ecuador: Banking industry forced to participate in payments to poor, new taxes on assets abroad

The President of Ecuador, Rafael Correa announced on Sabatino Link 295, held in the city of Tena, the mechanisms used to finance the Human Development Bond (BDH), which will increase from $ 35 to $ 50. The president said that this was a decision was made.

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Trade between Ecuador and Chile tripled in twelve months

In twelve months Ecuadorian-Chilean trade gained importance to the point of becoming the second largest trading partner with favorable balance of payments for this country, reflects a report of the Central Bank of Ecuador. Between January and August, trade with Chile reflects growth of over 350%. In this period, for example, exports to Country Southern […]

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General Motors to invest millions in new plant to produce cars for export to South America

General Motors confirmed that from 2015 will produce a new vehicle plant in Alvear, exclusive to South America. The president of the company worldwide, Dan Akerson, explained yesterday to President Cristina Fernandez de Kirchner the details of “Project Phoenix,” which will require an investment of 2,100 million pesos and will start from early next year. […]

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Singapore seventh largest exporter to Latin America

In 2011 Latin Business Chronicle rankings show that Singapore climbed three places to become the 7th largest exporter to Latin America with $16 billion in sales, and an outstanding 52 percent increase from 2010. Opportunities for Latin business, in an interview with Group Director for the Americas of IESingapore. Read Article

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Brazilian newspapers ban aggregation by Google News

Newspapers accounting for 90% of the circulation in Brazil have abandoned Google News, reported bbc.co.uk. Brazil’s National Association of Newspapers says all 154 members had followed its recommendation to ban the search engine aggregator from using their content. Read Article NEED RELIABLE MEDIA MONITORING, OPEN SOURCE INTELLIGENCE FOR LATIN AMERICA? WE PROVIDE OUTSTANDING RESEARCH AND […]

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Ecuador: Correa to send bill to assembly for funding human development payment from bank profits

Eluniverso.com reported that the president of the Association of Private Banks of Ecuador (ABPE), Cesar Robalino, warned yesterday that the Government’s proposal to fund the Human Development Bond of $ 35 to $ 50 in bank profits represents a “cuasiconfiscación” of sector earnings. Rafael Correa announced it will send a bill to the Assembly for […]

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Mexico: Papaya growers establish export association

Since the outbreak of salmonella in 2011 that rocked Mexican papaya industry, exporters were forced to reevaluate their standards to keep the industry afloat. As a response to the needs of industry, AC Proexport Papaya was created last September to join several levels of the production chain. The director of the association, Anebella Lopez Gaxiola, […]

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Jalisco Mexico to begin pork exports to Japan

It’s a matter of days to get out the first shipment of pork to Japan, as has South Korea from the recent spring. This brings a huge business opportunity for pork producers and processing plants that meet the stringent quality requirements demanded by the Eastern country, said company director Gena Agricultural Peña Carlos Ramirez, who […]

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Mexico: Bank of America / Merrill Lynch raises alert on country’s banks exposure to state debt

The high exposure of banks in the country’s state debt represents a potential risk in a scenario where federal resources are reduced mainly channeled those subnational governments, warned Mexico economist for Bank of America Merrill Lynch (BofA-MLynch), Carlos Capistrán. Read Article

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Chile: little know battle in archipelago concerning lobster harvesting

diario.latercera.com reported that representatives of a foundation challenged before the authorities of the Region V operating a collection point for these crustaceans. In Juan Fernandez fear for exports. The season starts in October. More than 60 people depart from the island Robinson Crusoe, on a ship towards Alejandro Selkirk Island, to begin the extraction of […]

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Argentina: Apple Notebooks stolen in Highway Pirate assault after leaving airport

In order to alert potential buyers, Mac Station released the serial numbers of the 110 computers that were stolen when they were transported in a truck on Highway 25 May….Apple Mac Station published the list of the serial numbers of the 110 Mac Book Air that were stolen by pirates asphalt on Wednesday when they […]

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China negotiates with Mexico over textile subsidies

Unionjalisco.mx reported that China announced today that it will negotiate with Mexico a negotiated solution to the Latin American country’s demand for the alleged subsidies to Chinese textile producers. “China will respond appropriately to the call to resolve the dispute in accordance with the procedures of the WTO,” said Chinese Commerce Ministry. The announcement came […]

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Latin America Open Source Intelligence Services

If you follow latinamericacurrentevents.com, you have only viewed a small portion of what we have uncovered through open sources. We recently have conducted recent work on agriculture, mining, health issues, drug trafficking, human trafficking, safety and security as well as other topics in Latin America. We focus our research services entirely on the Latin America […]

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Argentina: Study show 67 percent of people cannot read nutrional labels on food

Labels difficult to read 67% of people can not read the labeled food, creating that “not met the consumer’s right to choose what to buy, thinking about your health and that of their family,” said a report by the Foundation Daat. The company, which specializes in the treatment of obesity and diabetes, surveyed 140 people […]

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Ecuador: new customs system to begin October 22, 2012

A week for its implementation, the National Customs Service (Senae) decided yesterday to move to Eluniverso.com reported that on October 22 performance of the new phase of Ecuapass computer system, which shall address the procedures of entry and exit of goods electronically. The process would begin on Monday 15, but the entity decided to postpone […]

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Latin America: Cost of internet has fallen 60 percent over last two years

In 2010, the region had a web access very poor and 20 times more expensive than in developed countries, but that situation has been alleviated since then, said Mario Castillo in Quito, Project Coordinator-ECLA @ lis, which promotes information technology. In March of that year, the average cost of a service of a megabyte per […]

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Ecuador: banking authorities adjust fees for banking services

According to Ecuavisa.com,the Banking Board of Ecuador resolved to establish new maximum rates for the services provided by financial institutions in the country. These costs are valid from Oct. 1 to Dec. 31, according to the resolution published Monday in the Official Gazette. In the report, the Board endorsed the services that are free and […]

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Huge investment in Brasilia airport for 2014 World Cup

The company Corporación América Argentina and Brazil announced today Infravix invest 750 million reais ($ 350 million) in the improvements required Brasilia airport before the World Cup in 2014. Both companies Inframérica up the consortium that was awarded the works, operations and management of the airport in the capital of Brazil, and the amount announced […]

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Ecuador: balance of trade surplus down 96 percent

According to Eluniverso.com, between January and August this year, Ecuador registered a surplus of $ 4.6 million in the trade balance, however, this figure is 96.8% lower compared to the same period of 2011, when it stood at $ 146 , 9 million. Read Article

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Peru: 90 kilos of cocaine seized in furniture shipment destined for Spain

Larepublica.pe reported that the Dirandro found nearly 90 kilos of drugs in Chorrillos The product would be valued at $ 2 million in Spain. The Intelligence Group Address Anti Drug National Police (Dirandro) found more than 86 kilos of cocaine hidden in wooden furniture. After laboratory tests proved the high quality of the drug. The […]

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Ecuador loses lawsuit brought on by U.S. company, Occidental Petroleum

The Ecuadorian State must compensate U.S. oil company Occidental (Oxy) to $ 1,769.6 million, plus interest, for having arranged the expiry of his contract for exploitation in the Amazon area six years ago. The International Centre for Settlement of Investment Disputes (ICSID), based in Washington, reported yesterday its final ruling on the lawsuit brought against […]

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Ecuador, Coca Cola bottler invests 20 million dollars in Guayaquil production facility

The Mexican company Arca Continental, the second largest Coca-Cola bottler in Latin America, announced today that it invested about $ 20 million in a new production line at its plant in Guayaquil, Ecuador. The company said in a statement that these investments will increase its production capacity by 35%, equivalent to more than 40 million […]

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Ecuador, first cargo plane with goods arrives at Quito’s new international airport

The aircraft Martinair Holland made ​​a night landing at the new terminal Tababela. According to the Twitter account @ NoticiasQuito, Mayor Augusto Barrera boarded the plane. The flight from Santiago de Chile landing using ILS systems, ie precision instrumentation landing, for its acronym in English. Read Article

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Latin America and Arab countries seek to create investment ties

El Universo reported that…. Promoting linkages in strategic sectors such as energy, finance and agriculture, will be one of the main themes of the third summit ASPA celebrating on Monday and Tuesday in Lima Arab and South American countries. Heads of State and Government of both regions agreed at the first summit in 2005 in […]

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Chile, unemployment rate at 6.5 percent

Unemployment in Chile would remain at 6.5% in the June-August quarter moving near historic lows, because a decrease in the generation of jobs was offset by fewer people occupation sought. The median response of 10 analysts and economists polled by Reuters compares with 6.5% of the moving quarter ending in July. The survey also average […]

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Peru, pisco exports up 29 percent in 2012

Increasing international demand for pisco, Peru flag drink, would lead to the end of 2012 is exported $ 4.2 billion, up 29 percent compared with 2011, the president of the Association of Exporters (Adex), Juan Varilias. He explained that until July was a drop in shipments of this distilled but are starting to pick up […]

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Ecuador to invest 150 million dollars in highways

The Ministry of Transport and Public Works of Ecuador announced today the approval of an ambitious program to build modern highways in two thousand 357 kilometers of track, with an investment of 153 million seven thousand dollars. The new highways include several provinces, with the goal of reducing transportation time and ensure the safety of […]

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Córdoba, Argentina: used car sales up ten percent August 2012

Automobile Chamber of Commerce (CEC) reported that in August the buying selling cars amounted to 167,691 units, representing an increase of 10.37 percent from July, when 151,937 units were sold. “We are optimistic that the trend will remain bullish and thus could achieve the same volume traded over the past year lies ahead for the […]

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BBC report on pesticides used in Ecuador

BBC Report High in the Andes, BBC reporter Euan McIlwraith meets a man spraying his potatoes. He has no protective equipment. His hands and shoulders are wet from the cocktail of pesticides he carries in his back-pack sprayer. These products are categorised by their toxicity. The most dangerous carry a red warning label. In this […]

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Ecuador: 31 financial institutions sanctioned for not following cell phone regulations or prohibitions in banks

Thirty-one institutions of the financial system that did not meet the installation of cellular inhibitors within the time period penalties received by the Superintendency of Banks and Insurance (SBS), said Ligia Cobo Quartermaster General of this entity. According to Article 38 of the Order of the Superintendency of Banks and Insurance and the Banking Board, […]

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Colombia: auto parts exports up 103 percent

l Minister of Commerce, Industry and Tourism, Sergio Diaz-Granados held 103% growth in auto exports to the United States, in the period January to July compared to the same period of 2011. According to the report of the National Administrative Department of Statistics (DANE) and calculations of the Economic Research Bureau of the Ministry, the […]

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Colombia: lowest per capita consumption of bread in Latin America

Radiosantafe.com reports that the National Association of Manufacturers of Pan (Adepan) presents the first report baker sector in Colombia, Colombia has the lowest per capita consumption of the Latin American region with a gauge of 23 kg of bread a year. According to ANDI, this consumption represents 1.7 percent of the total expenditure of a […]

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Liberty Mutual Insurance Group expanding into Ecuador

Liberty Mutual Insurance Group, one of the largest property insurers in the world, today announced the expansion of its operations in Ecuador, following the acquisition of two companies in the South American country: Pan and Cervantes. With that, Liberty Expands Operations in Latin America, where it already has a presence in countries like Argentina, Brazil, […]

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Ecuador: Bakers requesting bread price inrease

Eluniverso.com reported that Fenapan president, Pedro Miranda, explained that the aspiration of the guild is that the price of bread popular that is now $ 0.12, is located between $ 0.17 and $ 0.18. Miranda also explained that although the rising price of inputs like flour, $ 10 in the last month (from $ 32 […]

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Ecuador trying to secure more Chinese investment for infrastructure, mining

Vistazo.com reported that Ecuador is trying to attract more investors in China to boost its development, especially in infrastructure and mining, which already gives greater Chinese presence in the country, explained to Efe today Coordinating Minister for Production, Jobs and Competitiveness, Santiago Leon. Read Article

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Acceptance of Chinese motorcyle assembly growing in Ecuador

A motorcycle advertising, televised in Ecuador, says dismissively. “Honda is Honda, the rest are Chinese.” That prompted protests from the Association of Motorcycle Assemblers of Ecuador, and also led a team of Agency scroll Andes of the 12 motorcycle assemblers of Chinese partners in this organization, to demonstrate the Ecuadorian technicians work in achieving a […]

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Mexico: Walmex sales up 4.1% August 2012

Monterrey. Wal-Mart de Mexico (Walmex), the country’s largest retailer, said Monday that sales of its stores in more than a year in operation rose 4.1% yoy in August, better than expected, driven by promotions and discounts.Analysts anticipate an average increase of 2.8% of sales equal or comparable Walmex August. Read Article

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Ecuador: Family income covers 92.7 percent of consumer basket for a month

elnuevoempresario.com reported that family income in Ecuador covers 92.7% of the consumer basket in August/2012. Producer inflation, ie, the change in prices of products at its factory, farms, beaches, among others, was 0.58% higher than in January this year from 2.14% figure August 2011 reached 3.05%. The change in consumer prices was 0.29% Ecuador in […]

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Google launches data center in Chile

Google launched its project to install in Chile its first data processing center in Latin America, with an investment of 150 million dollars. The center will be located in an industrial area of the Quilicura in a suburb north of Santiago, and its construction will employ about 200 people. The heart then work with 20 […]

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Chile: bomb detonated at Banco de Chile branch

Lacuarta.com reported that PDI police and rushed to the scene to investigate and establish the background or potential perpetrators. Minor damage to windows and a security booth left to detonate a bomb at a bank branch in the town of La Florida. According to the police report, the explosive device detonated in a unit of […]

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Worst fire in five years destroys 200 businesses in Bogota Colombia

Eltiempo.com reported….Conflagration lasted more than 15 hours. One of five affected buildings will be demolished. On Tuesday night and early Wednesday, a fire reduced to ashes the inventories of at least 200 stores in the area of San Victorino , Street 11 with 11. The fire started at 7:49 pm on Tuesday, in a warehouse […]

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Ecuador: import quotas hit four sectors of economy

Elcomercio.com reported that decreased job, falling sales and higher prices are some of the effects that have tended to import restrictions, established about three months ago. On June 15 became effective resolutions 66 and 67 of the Committee of Foreign Trade (Comex), establishing quotas, in volume and dollars, for the purchase of vehicles and cell […]

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Ecuador: Numbers of informal merchants increases to about 2000 in city’s center

According to lahora.com.ec, the presence of street vendors in the city of Loja parties increased during August and September. Although the ordinance that prohibits this activity in the center of the city, merchants do not respect. Victor Illescas, Commissioner of Health of the Municipality of Loja, says the informal lojanos not, but from other provinces […]

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Fraud against businesses major issue in Latin America

Buenos Aires, Argentina. – Oil companies, mining and agribusiness in Latin America were the most exposed to fraud in the past year, victims of managerial disloyalty, theft of physical assets and false suppliers, said Wednesday consultancy Kroll risks. Fraud against companies in the region is the second largest in the world after Asia, according to […]

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Ecuador: National brewery raising prices

The National Brewery confirmed that increased the price of its various brands and sizes since last August 1, justifying its decision on the global rise in the price of raw materials and the level of inflation in the country. Read Article

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Expert indicates Latin America’s prosperity may be at risk with deterioration of Chinese economy

Latin America may jeopardize prosperity of recent years if you take into account a possible deterioration in the Chinese economy, which may affect its massive exports of raw materials to China, an expert said today in a parliamentary forum that discusses the topic in Panama. The economist and former presidential candidate Rican Otton Solis, who […]

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Costa Rica steps up strugle against drug trafficking by targetning money laundering

The great “quantum leap” in the fight against drug trafficking and organized crime in Central America must be the money laundering investigation rather than the use of force against members of criminal gangs, said today Costa Rican authorities. Security Vice Minister Costa Rica , Celso Gamboa said in a press conference with foreign correspondents that […]

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Ecuador: Currency Controls on outflow going into effect

Exemption from tax on foreign exchange outflow (ISD) to transactions not exceeding one thousand dollars now only apply for two monthly movements, said the director of the Internal Revenue Service (IRS), Carlos Marx Carrasco. Previously these movements had no limitation. With this resolution, which will be ready tomorrow and will apply from the next week […]

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Mexico: sales of illegal cigarettes up 16,6 percent

The sale of contraband cigarettes reached a record high, because in the last 18 months sale on the market increased from 1 to 16.6 percent, from the entry into force of up 7 pesos in tax, Raul warned Picard, President Trade Commission Concamin Interior. At a press conference, said that in a study conducted by […]

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Peru: 850 cartons smuggled cigarettes seized, from Paraguay

The Highway Patrol conducted a procedure late Tuesday, by which seized 850 cartons of cigarettes at home Paraguayan customs offense. As reported by the Department of Press and Public Relations of the distribution, 21.15 last night when personnel of the Rivera Detachment, stationed on Route 28 Km 20 border department, gave the stop sign for […]

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Chile: Swedish retail clothier H & M to open first branch in Latin America

A branch of the Swedish clothing store H & M will open during the first half of 2013 in Santiago, in what is the first branch of this brand in Latin America. The store, to be located inside the mall Costanera Center, a branch will be more than the 2,600 that the brand has in […]

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Bogota Colombia: mobile outdoor advertising controversial topic

The outdoor advertising regulations proposed by some councilors visual in the district council has sparked much controversy, for while the administration of Mayor Gustavo Petro prefers to dispose consider such initiatives that are not supported technically, the councilors who are behind the project according insist that it is necessary to regulate the use of public […]

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Buenaventura Colombia port paralyzed due to work stoppage

Buenaventura port sunrise today paralyzed following a stoppage indefinite decreed that workers also blocked all access barred entry and exit of goods from and to various destinations worldwide. Read Article

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Cuenca Ecuador: Apartment building boom for U.S. retirees

Eltiempo.com.ecThe construction department is a growing trend in this city. Foreign retirees, elderly people and young couples are those who prefer to live in these spaces. Some sectors, such as Avenida Primero de Mayo, where such development is evident. Between the Three Bridges and the Avenue of the Americas, have been built about 10 apartment […]

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Argentina: sales at supermarkets rise 14.5 percent July, prices rise 10.1 percenta

The units sold in supermarkets in July rose 14.5 percent on-year, while prices rose 10.1 percent in the same period, according to Monday’s National Institute of Statistics and Census (INDEC). On June, sales rose 2.4 percent and prices rose 0.86 percent, accumulating in seven months a 6.2 percent advance. Data refer to the supermarket survey […]

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Municipality of Quito Ecuador: digitizing property boundary surveys, owners in for surprises

Real Estate Ecuador Elcomercio.com reported that in 2010, the Municipality of Quito began the process of updating the register of the land of 423,000 hectares in the district. The update cadastral register is a database of planes 710 000 urban land and about 60 000 rural. There also has information that relates to the spatial […]

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Ecuador: climate change, ash from Tungurahua affects increase in price of vegetables

Eluniverso.com reported climate change and the ashes that have affected crops in recent weeks in towns near the Tungurahua volcano have left increases between 5% and 50% in the prices of products coming from the central highlands. These changes are noted in the values ​​of the products that are sold in Groceries Transfer Terminal in […]

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Bolivian government ot impose tax to purchase and sell U.S. dollars

The Bolivian government sent a bill to Congress to create a tax of 0.70% to the purchase and sale of dollars as part of its policy to “bolivianizar” the local economy. According to Economy Minister Luis Arce, “this tax to the sale of foreign currency logic looks to continue to deepen the use of national […]

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Ecuador: closed credit union Makita Kuk reopens to customers

Makita Kuk reopened Hoy.com.ec reported the doors of the cooperative Makita Kuk reopened after closure on 9 August. At its headquarters located in Bastion Popular (Guayaquil) already catered the requirements of its customers, after the intervention of the state, now joined Daule agencies and El Triunfo in Guayas and Los Rios Babahoyo. The cooperative, which […]

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Argentina: Grain inspector strike paralyzes shipments at ports

Exports of grains and oils from Argentina remained paralyzed on Wednesday in their ports, due to a three-day strike that began health inspectors in the country, a key supplier of food in the world, said managers of business associations. Agro-export firms in Argentina, the second international supplier of corn and soy-third require issuing certificates inspectors […]

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Ecuador: new fee for each hectare used in shrimp farming

Eluniverso.com reported that shrimp industry representatives are concerned with the creation of an annual payment for the exercise of aquaculture of $ 25 for each hectare of this crop, which applies to those with farms larger than 10 hectares. This provision, issued by the Ministry of Agriculture, Livestock, Aquaculture and Fisheries, was published in the […]

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Mexico: Pre-owned aircraft sales increase over last three years

According to Francisco Zozaya Preowned ALE CEO, Business Unit Executive Airlines, aviation in Mexico has increased the past three years, where the Pre-owned aircraft market is an excellent choice for executives and their companies. As reported by the manager, in 2011 in Spain employee’s 127 aircraft were sold with an average price of $ 500,000 […]

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Brazilian military border operation puts skids on crime but cross border business with Paraguay

Ultimahora.com reported …. Not only the number of transnational crimes such as trafficking and smuggling of arms and drugs, which are declining these days, the weekend was reported very few acts of violence such as murder, robbery and drug dealing in Foz de Iguazu and hinterland. While on the Paraguayan side, trade in Ciudad del […]

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Argentina: Imperial Cord to manufacture motorcycle tires with Continental Tire Germany

Cord Imperial Invest $ 10M in motorcycle tires factory The company announced today that Imperial Cord closed an agreement with the German company Continental, with the goal of returning to manufacture tires for motorcycles in the country, after 25 years. That will be invested 10 million pesos, which will replace 15 percent of imports of […]

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Argentina: growth of Counterfeit goods goes unchecked

The illegal sale of counterfeit goods grows unchecked around the country and about 336 were detected in 149 cities Saladitas with 23,212 marketing positions with Lomas de Zamora leading the ranking, according to a survey by the Confederation Argentina of Medium Enterprises (CAME). “The illegal trade growth in Argentina has no brake and the situation […]

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TAM Airlines, to offer daily nonstop flights between Rio de Janeiro and Orlando

“The new route will open on November 12 and tickets are now on sale. TAM Airlines has received approval from the National Civil Aviation Agency of Brazil (ANAC) to operate daily non-stop flights (round trips) between Galeão Airport of Rio de Janeiro and Orlando, Florida . Such regular service between the two cities is unprecedented […]

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Ecuador: insurance premiums not being reduced for older vehicles

The stage is clear for insurers and insurance producers: the number of restrictions on imports of vehicles and spare parts that the Government has imposed since 2009 has appreciated the cost of used cars. And as a result, the latter have not lost their value and insurance premiums have not dropped as normal and predictable […]

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Chinese bank given permission to operate in Brazil

One of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) has been authorised to operate in Brazil, indicates a Brazilian government decision published on Thursday in the official gazette. Read Article

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Colombia: Illegal street Vendors from Ecuador in Bucaramanga to be deported

One of the Ecuadorian who was caught offering their products on the street, and who asked to remain anonymous, expressed his opposition to what he described as “disproportionate use of police force against our Ecuadorian community, the only thing does is make a living in a dignified manner. ” He said that they, as Ecuadorian […]

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Latin America begins to feel effects of crisis in Spain

The economic life of Latin America does not depend on Spain. Its exports to this country continue to grow but at a slower pace. Spanish investment is coming in search of better returns. But remittances of immigrants crossing the Atlantic and less crisis worsens Spain euro, so that Latin Americans begin to look more closely […]

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Ecuador: Credit Union Makita Kuk closes unexpectedly, clients no access to funds

Makita Kuk is a savings and credit cooperative that was created in 1994 and is controlled by the Ministry of Economic and Social Inclusion (MIES). According to their website also has offices in Milagro, Duale, Babahoyo and El Triunfo (Guayas). Uncertainty and anxiety felt by savers Makita Cooperative Kuk, who can not withdraw their money […]

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Argentina to approve new GM seeds by Monsanto

Reuters reported that Argentina will approve Monsanto’s genetically modified Roundup Ready 2 soybean seeds this week in a bid to continue boosting crop production…Argentina is the world’s No. 3 soybean exporter and the top supplier of soyoil and soymeal. It is also the leading global exporter of biodiesel, which is made from soyoil.”Today I’ll be […]

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