Motor running.
Fifteen years ago, Chrysler Corp. was forced off the road map in
Latin America by financial troubles and fierce competition. But now the
U.S. automaker is warming up its engines for a return trip. . . .
Long term.
It's never been a better time to own ridiculously large cargo
ships. The Chinese industrial machine is racing against itself,
sloughing off naysayers in a bid to bring its millions from poverty . . .
Looking back.
In fifty years, pop historians and management gurus will look back
at the early 21st century and try to pinpoint what major cultural trends
were already under way, only to be fully felt a . . .
Finish line.(POINT OF VIEW)(Brief article)
Slovenian swimmer Martin Strel swims the final stretch of the
Amazon River in Brazil. with the port city of Belem in the foreground.
It's the second time Strel has swum the length of the . . .
Brazil: the road ahead.(INDICATORS)(Brief article)
If the BRIC economies--Brazil, Russia, India and China--were in a
race, Brazil would be running close to last place. In 2006, the
country's gross domestic product grew 3.7%. Compare that with . . .
Rest of the world.(INDICATORS)(Statistical data)
Rest of the World
GDP
% change on year ago
LT forecast
latest . . .
Latin trade index.(INDICATORS)
Latin Trade Index
% CHANGE
February '07 FEBRUARY '07/'06
Total trade US$ 83.9 billion 11.5%
Exports US$ 43.5 billion . . .
Uruguay: back on track.(INDICATORS)
Uruguay appears to be on the road to recovery from its 2002
economic implosion. Foreign direct investment, which shrank 11% five
years ago, has risen every year since, growing by 7.3% during . . .
Latin America and the Caribbean.(INDICATORS)(Statistical
data)
Latin America and the Caribbean
Industrial
GDP production
. . .
The Inter-American Development Bank.(REGIONAL)
THE INTER-AMERICAN DEVELOPMENT BANK, a multilateral lending
institution, approved a green-energy lending program that will provide
US$300 million in lending and technical assistance for renewable . . .
The Andean Development Corporation.(VENEZUELA)
THE ANDEAN DEVELOPMENT CORPORATION, a multilateral lending
institution, approved a US$600 million loan for Venezuela. The money
will help build a hydroelectric power plant scheduled to open in . . .
The World Bank.(PANAMA)
THE WORLD BANK, a multilateral lending institution, approved a
US$39.4 million loan for Panama. The 15-year loan will improve rural
agriculture and environmental . . .
The Inter-American Development Bank.(BRAZIL)
THE INTER-AMERICAN DEVELOPMENT BANK, a multilateral lending agency,
approved a US$1 billion loan for BNDES, Brazil's state-owned
development bank. The funds will target micro, small and . . .
A bit of everything: Supermaxi-La Favorita still has a lot of
market to cover in Ecuador before looking outside.(RETAIL)(Occupat
Sidney Wright, son of an Irish admiral, arrived in Ecuador nearly
eight decades ago. He never imagined that his small grocery store,
opened in 1934, would become a local leader in the service . . .
Insatiable: Cencosud already is the third-largest retailer in
South America, but it wants more.(RETAIL)
Horst Paulmann, the German-born naturalized Chilean who controls
Chilean retailer Cencosud, is often investing against the current.
That's why it never crossed his mind to pull out of Argentina . . .
Spread the love: a Peruvian foodstuffs maker, popular for its
mayonnaise, looks to China to grow.(CONSUMER PRODUCTS)(Statistical
Peruvians love their mayonnaise. They eat it with chicken, lentils,
potatoes, corn, hamburgers--even on French fries.
But up until a few years ago, many home cooks would make their . . .
Customers first: Mexico's No. 3 supermarket chain focuses on
service in order to compete.(RETAIL)
On the shelves at Comercial Mexicana, the third-largest supermarket
chain in Mexico, there are signs that tell the buyer how much cheaper
the item is in comparison to the price of its most . . .
Solidly silver: Mexico's FEMSA hopes to become No. 2 in
Brazil's highly competitive suds market.(BEVERAGES)
Last summer in Brazil the mercury rose without relief. The heat
arrived alongside bikinis and Sol beer, the biggest bet by Mexican
beverage giant FEMSA to place itself as a robust alternative . . .
Buy time: petrochemical giant Mexichem aims high across Latin
America.(PETROCHEMICALS)
It could not have been a better year for Mexichem, the Mexican
chemical and petroleum products manufacturer. It practically doubled
sales to US$1.12 billion in 2006, thanks to two recent . . .
Turnaround.(OIL)(Interview)
Ecuadoran President Rafael Correa assigned quite an ambitious task
to Carlos Pareja Yannuzzelli, executive president of the state-owned
petroleum company Petroecuador. Correa wants Petroecuador to . . .
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