Latin American Investment
SAO PAULO Brazil's economy is leaving the global crisis behind it, supported by strong local demand and tax relief, chief executive officers said at this week's Reuters Latin American Investment Summit.
MEXICO CITY HSBC is cautiously optimistic about an economic recovery in Latin America, but a recent flu outbreak will delay a pickup in Mexico, where lending will suffer, a senior executive said on Friday.
BRASILIA Brazil should continue reducing its public debt after 2010 and central bank policy should place more weight on job creation, the minister favored by President Luiz Inacio Lula da Silva to run in 2010 elections said on Friday.
WASHINGTON Mexico needs its army to lead the drugs war until its police forces are strengthened and able to tackle the violent gangs that pose a security threat on both sides of the border, the new U.S. border czar said on Friday.
MEXICO CITY The world economic crisis is probably past the worst and the global economy is likely no longer in a free fall, Mexican Central Bank Gov. Guillermo Ortiz said on Friday.
MEXICO CITY Following are highlights from Reuters interview with Mexican central bank Gov. Guillermo Ortiz on Friday:
MADRID Spain's Telefonica , the largest foreign investor in Latin America, is sticking with its investment plans in the region in spite of the global economic slowdown, the operator's regional chairman said on Friday.
WASHINGTON The United States wants to expand trade ties with Latin America and is looking to Brazil to help bring long-running world trade talks to a close by offering deeper cuts in its manufacturing tariffs, U.S. Commerce Secretary Gary Locke said on Friday.
MEXICO CITY A complex of four oil fields anchored by the deepwater Tamil discovery in the Gulf of Mexico could eventually produce up to 250,000 barrels per day of oil, a senior executive of Mexican state oil company Pemex said on Friday.
MEXICO CITY Work on new contracts that let private oil companies explore for oil in Mexico is on schedule and bids for the first deals should be received by December, a senior executive of state oil company Pemex said on Friday.
SANTIAGO Investment in Chile's telecommunications sector will likely hold at last year's levels of around $1.3 billion in 2009, though the sector will grow more slowly because of the global financial crisis, the government said on Friday.