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No nationalization wave in Latin America: Slim

MEXICO CITY Venezuela's nationalization of telecommunications and energy companies will not be widely copied in the rest of Latin America because most governments need private investment, Mexican tycoon Carlos Slim said on Thursday. | Video

Latin America lags in infrastructure investment

BUENOS AIRES Latin America has failed to invest sufficiently in infrastructure, and current government efforts to increase public spending are seen as insufficient to make up for the years of neglect.

Executives bet imaginary $50 million in Latin America

MEXICO CITY Executives taking part in the Reuters Latin America Investment Summit were asked where they would invest $50 million of their own money, other than in their company. Below are some of their answers:


Brazil should scrap import tariffs to weaken real

SAO PAULO Brazil's government may only have one way to keep the local currency from strengthening too much, former Central Bank President Gustavo Franco said: scrapping all import tariffs so that more dollars flow out of the country.

Peru aims large local debt boost by 2007

LIMA Peru will seek to raise as much as it can locally to finance up to $1.8 billion in payments to the Paris Club, its economy minister said on Friday.

Chile's Cencosud eyes $6.8 bln '07 sales

SANTIAGO Chilean retailer Cencosud said on Friday it viewed a goal of $6.8 billion in sales for 2007 as reasonable.

Southern Copper sees low EBITDA growth

MEXICO CITY Southern Copper sees little or no EBITDA growth this year because lower copper prices will offset a jump in output, the mining company's chief financial officer said on Friday.


Mexico's Calderon receives drug war threats

MEXICO CITY Mexican President Felipe Calderon and his family have received threats for launching a war against drug cartels, a fight that will drag on for years, he said on Thursday.

OMA sees EBITDA margin up to 60 pct

MEXICO CITY Mexican airport operator OMA sees its profit margin rising to 60 percent by 2010 from 54 percent and is evaluating expansion, possibly into Central America, the company's chief executive said on Friday.

Peru's Buenaventura sees gold at $600/oz

LIMA Buenaventura , Peru's No. 1 precious metals producer, expects "no great variation" in the price of gold this year, which it sees averaging $600 an ounce, below its current price on world markets.

Brazil's Vivo to battle to keep top spot

SAO PAULO After watching its market share slide steadily over the last four years, Brazil's leading wireless operator, Vivo Participacoes, is now better positioned to hold its ground against hard-charging rivals, Vivo's chief executive said on Friday.


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