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