Latin American Investment 2011
MONTEVIDEO Uruguay's economy minister said on Friday the country had no concrete plan to issue new debt because it had already covered this year's obligations and debt servicing costs will fall in 2012.
BUENOS AIRES Argentina's splintered political opposition should join forces to fight President Cristina Fernandez in October's election, center-right presidential contender Mauricio Macri said on Friday.
MEXICO CITY Latin America is struggling to contain rising inflation, with policymakers caught between a spike in food prices and a deluge of money from abroad that is pumping up credit markets.
MEXICO CITY Mexican Energy Minister Jose Meade said on Friday oil shortages caused by the Libyan crisis, which have helped push crude to a 2-1/2 year peak, could be covered by production in other OPEC nations and existing inventories.
MEXICO CITY Earthquake-prone Chile and Mexico are not shying away from nuclear power in the wake of Japan's growing radiation crisis as both need to diversify the strained electric grids saddling industry with high costs.
BOGOTA Colombia may seek to tap international capital markets later in the year after winning congressional passage of key reforms, the finance minister said, referring to a legislative overhaul aimed at putting the Latin American nation on stronger financial footing.
ASUNCION Paraguay's annual inflation rate is seen slowing slightly to end 2011 at a single-digit figure even as the agriculture-driven economy is poised to grow more than originally expected, the central bank chief said on Friday.
CARACAS Spain's telecom group Telefonica has $3 billion in profits in Venezuela that it is struggling to repatriate because of strict exchange rules limiting foreign currency purchases, a company official said.
LIMA High commodities prices could hobble the global economy and uncertain times require extra caution when it comes to setting monetary policy, Peru's central bank chief said on Friday.
BUENOS AIRES Argentina's largest real estate company, IRSA, is considering selling global bonds this year to finance expansion plans at home and abroad, Chairman Eduardo Elsztain said on Friday.
SAO PAULO Brazilian airline Gol Linhas Aereas is focused on profitability and does not expect to maintain its recently attained status as Brazil's No. 1 carrier, Chief Executive Constantino de Oliveira Junior said on Friday.
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