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Latin American Investment 2011

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Uruguay in comfy spot to meet debt payments in 2012

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.


Argentine presidential contender calls for pact

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.

Latam inflation fight hits icy road

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 says OPEC, inventories can cover Libya oil

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.


Quake-prone Mexico, Chile not shying from nuclear

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.

New Colombia international debt seen after reform

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.

Paraguay cenbank sees 2011 single-digit inflation

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.

Telefonica seeks to send $3 billion from Venezuela

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.

Peru cenbank wary of braking on icy road

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.


Argentina's IRSA mulls debt sale

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.


Gol doesn't expect to be No. 1 for long

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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