China-Latin America Trade: Balancing out Total trade between China and Latin America was up 8 percent this year to $255.5 billion, finds the latest edition of Latin Business Chronicle’s Index of China-Latin America Trade. Chinese exports to the region grew 10.7 percent to $131 billion, while imports from the region were up 5.3 percent to $124.4 billion. Though experiences within specific countries differ, the region as a whole maintains a trade deficit with the Asian giant, and trade is largely dominated by the export of raw materials to China and the import of Chinese manufactured goods.
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Nicaragua announces plans for transoceanic canal A transoceanic canal through Nicaragua has long been a dream in that country. Many have tried, and failed, to complete a canal that would link the Atlantic and Pacific Oceans. But Nicaraguan President Daniel Ortega announced this weekend that the country would definitely be going forward with a $40 billion project to construct a canal and other infrastructure through the country, which he claims will help alleviate poverty in the country. The canal is still subject to feasibility studies being carried out by a Chinese company, Ortega said, but he has so far ruled out a contentious route along the San Juan River bordering Costa Rica.
Read moreFull-steam ahead on Brazilian port reform Brazil’s ports are one of the major obstacles to the country’s growth. The country’s 34 ports handle 95 percent of the country’s exports, and bottlenecks are infamous. Ships often wait 56 hours to dock, and a backlog last year caused trucks to line up for 21-miles outside the country’s largest port city of Santos. This increases transport costs, making the country less competitive . With exports down last year and the country post only 0.9 percent growth, President Rousseff made port reform a top priority.
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Bilateral trade grew by 5 percent. Total US and Colombian exports, excluding coffee and oil, grew 20 percent this year.
Recent investments in the country by Honda and Audi have led some to dub it the “new Detroit.”
Brazil registered the largest decline in this year’s survey following a year of flat economic growth.
Analysts view the reforms as negative for business, but do not believe they will lead to more expropriations.
The new chief says he will ease the blockages in global trade.
IMF report predicts modest growth, and urges the region’s economies to lay the groundwork for long-term, sustainable development.
Remittances were largely flat year-over-year in 2012 due to a sluggish Spanish economy.
Haiti, Venezuela, and Honduras top our index for the second year as the most dangerous countries in the Americas.
Analysts believe he will promote pragmatic policies and restore relations with neighbors.
How does the icon in sports car design and engineering manage its innovation process. Lessons to be learned from one of the world´s best. Interview with Matthias Brück, CEO for Porsche Latin America.
Seeking to close an infrastructure investment gap, several countries offer high-yield bonds and government backing to private investors.
Students with limited access to education in Latin America sometimes fail to develop cognitive skills needed for success. Latin Education Index shows how Guatemala and Haiti lag in this area.
Peru will have a stronger stance against currency appreciation. FDI will increase by 25 percent this year to reach $14 billion. Exclusive interview with Peruvian Minister of Finance, Luis Fernando Castilla.
Latin Business Chronicle compiles information on almost two dozen projects open for bidding, that are worth more than $36 billion.
George Mencio, associate of Holland & Knight, examines existing legal structures for creating companies, arbitration and bankruptcy laws throughout the region.
Chile, Panama, Mexico and Colombia lead the table of best countries for entrepreneurs in Latin America. That is the result of the Latin Entrepreneur Index from Latin Business Chronicle.
Isabel Noboa, head of Consorcio Nobis, highlights the group's domestic and international expansion plans. Nobis is one of Ecuador's most important business conglomerates.
The chain plans to nearly double its hotel presence in Latin America, spearheaded by the Hyatt Place brand for business travelers. Where will the expansion take place
The reasons behind the Chilean economic success. An exclusive interview with Minister of Finance, Felipe Larraín
The index fell 2.1 percent from 3Q11. Nevertheless Bimbo increased its revenue by 40 percent, Cencosud by 30 percent and Femsa by 23 percent. The fastest growing companies relied on their domestic markets and not on international markets.
From Petrobras to Comgas, a who's who in the oil and gas industry and in the electricity business
Telefonica Brazil was the growth champion. America Movil had a lackluster year
The 3Q12 results of the Latin MNC Index from Latin Business Chronicle
The men and women that influence and lead the business scene in Latin America.
Minimize stress and disruption from bad weather and other hassles that can delay flights
Brazil ranked for the second consecutive year, as the least globalized country in the region. Venezuela and Colombia are also at the bottom of the list. Panama, Nicaragua, Honduras and Chile are the most connected to global trade flows.
On November 15 the airline opened a route to Las Vegas and is going for Bogotá. It has the second biggest profit margin of all the region’s airlines. How it captured 25% of the Mexican market in just seven years. Interview with José Luis Garza, general director of Interjet.
Colombian pension funds gain speed. Eleven out of the top 15 funds decreased their assets under management. The number of affiliates to the pension system increased to 74.4 million. There are 60 Brazilian funds among the top 100. Mexican Principal, a growth champion.
The results of the Latin Business Chronicle Labor Index show a reduction in labor market attractiveness. Guatemala and Honduras hit by wage increases. Brazil and Chile show noteworthy setbacks. Ecuador is the champion on this classification.
Latin Business Chronicle ranks the most influential women in the Latin American business world of 2012. They include chief executives, board members, company advisers, and creators of some of the region’s most important economic trends.
Mining and construction companies in Latin America have increased their sales, net revenues and profitability more than other firms in the last three years. See the complete list of best companies from Shougang to Corporacion San Luis.
Air traffic is increasing fast in the region. Brazilian airports lead this growth trend. Campinas and Teresina at the top of the list.
South Korea’s trade with Latin America roared ahead in 2011, up 22 percent to reach a record $53.9 billion, according to Korean government data analyzed by Latin Business Chronicle.
The best and worst ranked on the annual Latin Tax Index from Latin Business Chronicle. Brazil is last on the list.
The Latin Business Chronicle Multilatinas Index for 2Q12
What are the major stumbling blocks for peace talks in the South American country with the world's oldest guerrilla movement?
State oil company PDVSA has access to the world's largest oil reserves, but it has been slow to develop its riches, and a slump in world prices could plunge it into problems
Costa Rica's bond with Beijing
The very special relationship with China could be a model for the rest of Latin America
Despite economic expansion in Latin America, the productivity indexes that would make it sustainable in time, have not increased in the same proportion.
The US territory is looking to build more high-end hotels and infrastructure to quell revenue shortages
Analysis of the figures shows that Asia is the main growth region for Latin America's trade
Brazilian plane-maker is working jointly on a military transporter with Boeing, and has won permission to manufacture in China.
