Chile eyes tourism market in China

“We sincerely invite Chinese tourists to visit Chile,” said Javiera Montes, undersecretary of Ministry of Economy, Development and Tourism in Chile.

Brazil’s Petrobras sells Liquigás for R$2.8 Billion

The sale of Liquigás is part of the Petrobras’ 2015-2016 Divestment Plan that call for disinvestments of US$15.1 billion during the two years.

Microlending is still booming, should we embrace it?

LatAm is the biggest market for microloans by value, it offers big opportunities to some of the more vulnerable, but it is tainted by malpractice.

Tourism is the driving force for Costa Rica’s economy

Costa Rica has been incentivizing tourism for many years now, as a result, tourist economic activity now represents nearly 20% of their yearly GDP.

Argentina lowers interest rates for businesses as inflation tends to subside

The decision follows the conviction that gradually “we will have a substantial improvement in the economy, with inflation trending lower”

How an armed robbery may have changed Brazil’s smartphone market

With the highest average iPhone price in the world, Brazil’s smartphone market was pushing away consumers, entrepreneurs might have the solution.

Mexico and Costa Rica reach impasse over avocado markets

Costa Rica has blockaded avocado imports from Mexico as they consider the continued risks pertaining the disease known as ‘mancha del sol’.

Havana Club set to enter U.S. market the minute the embargo disappears

Cuba’s Havana Club rum is set to enter the U.S. market “even if it were to open tomorrow,” according to executives of the firm that exports 75 percent of its production.

Domestic and foreign issues pressure Brazilian Real markets

Possible U.S. Fed hike of interest rates and difficulty in approving structural reforms at home, lead to appreciation of U.S. dollar, fall of market.

Agribusiness exports may help brazil out of economic crisis fastes

Brazilian agribusiness exporters however must first do away with barriers of quotas, tariffs and accusations of not meeting international health standards.

Venezuela, Iran seeking consensus to stabilise oil markets

Venezuela and Iran continue to seek consensus on ways to stabilise oil markets and strengthen OPEC

El Salvador looks towards new strategies to stimulate growth

The Salvadorian Association for Private Business presented a new package with proposals to rekindle growth and strengthen El Salvador’s economy.

Spanish construction giant FCC gets stronger footing in LatAm

Under Carlos Slim’s guidance, the IBEX 35 construction firm has earned its first major contract in the region.

Telecom Oi Files for Brazil's Biggest Ever Bankruptcy Protection

After restructuring talks with its national and international creditors failed, Brazilian telecommunications operator Oi filed a request for bankruptcy protection this Monday

Uber thrived in LatAm despite fierce opposition

The cab-hailing company tripled their number of journeys during the first months of the year even when their permanence is subject of controversy.

The monopoly in Peru’s beer market

Backus and Johnston, daughter company of SAB Miller controls 95% of the market and distributes the three most popular brands.

Negotiations underway to explore Mexican Gulf oil reservoirs

Mexico's Pemex is looking to sell extraction rights to massive deep sea oil reservoirs in the gulf, Exxon, Total and Chevron are the leading prospects. 

Cuba legalises small and medium private businesses

Cuba's government has announced that it is legalising small and medium-sized private businesses.

Olympics will not help Brazil's economy

Even though some businesses will benefit greatly from the event, Moody’s assures that the positive impacts on the nation’s economy will be limited.

Chile finds economic growth in innovative stardup

Chile has competitive assets to support a transition toward an economy that generates value through knowledge and innovation

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