United States

Latin America Investment 2012

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New Pacific Alliance bloc to aim at Asia: Chile's Pinera

SANTIAGO A pact to be signed between Chile, Mexico, Colombia and Peru next week will create a new regional bloc that aims to integrate the free markets in trade, energy and infrastructure and bolster ties with Asia, Chilean President Sebastian Pinera said on Friday.


BCE and funds to pay C$1.1 billion for Q9 Networks

TORONTO Canada's biggest telecommunications company, BCE Inc , has joined with a group of private equity fund managers to buy data center company Q9 Networks Inc for C$1.1 billion ($1.06 billion), BCE said on Saturday.

Uruguay aims to deepen local secondary bond market

BUENOS AIRES Uruguay wants to expand its nascent local sovereign debt market to improve the liquidity of its securities, said Azucena Arbeleche, the head of the government's debt management unit.


Chile feels global turbulence, economy solid: President Pinera

SANTIAGO World No. 1 copper producer Chile is feeling the impact of global financial turbulence via lower international prices for the metal, but the economy should still grow by 4.0 percent or more this year, President Sebastian Pinera said on Friday.

Los Grobo says Brazil expansion to spur revenue

BUENOS AIRES Argentina-based grains producer Los Grobo sees sales rising 30 percent next year thanks mostly to brisk growth in its operations in neighboring Brazil, the company's president said on Friday.


Chile to submit public power line bill in coming months: Pinera

SANTIAGO Chile will send a bill to create a public energy transmission line to Congress in coming months, President Sebastian Pinera said on Friday, as the state seeks to shore up the world top copper producer's creaky energy grid.

Chile, Peru best poised to ride out slowdown: Fitch

NEW YORK Chile and Peru are best positioned in Latin America to withstand a downturn in the global economy and a drop in commodity prices, while Argentina and Venezuela are the most vulnerable to any turmoil, a senior official from Fitch Ratings said on Friday.

AES Brasil seeks growth in wind power

SAO PAULO Power utility AES Brasil aims to grow its electricity generation over the next three years by buying rivals and bidding in government wind power auctions, the company's chief executive officer said on Friday.

Colombia to issue all bonds planned for 2012

BOGOTA Colombia will issue all global and domestic bonds planned for this year even if the funds are not needed, Finance Minister Juan Carlos Echeverry told Reuters, and he expects the Andean nation's credit rating to be lifted one notch in 2013.

Entel to launch satellite TV this year: CEO

SANTIAGO Chile's leading telecommunications operator, Entel SA , plans to launch a satellite television business this year in the face of growing competition, and is eyeing expansion opportunities in Peru and Colombia, its chief executive said on Friday.

Grupo Mexico to spend $7 billion on mines in the next five years

MEXICO CITY Copper miner Grupo Mexico will spend $7 billion through 2016 to aggressively expand its mines in Mexico, Peru and the United States to meet a goal of doubling current production, the company's chief financial officer said on Thursday.


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