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Latin America at a glance: November 2016

Latin America at a glance

We provide you a wide overview of Latin American Economy, Politics and Business Opportunities in 2 minutes.

Argentina

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November 3, New York. Viacom owner of Comedy Central, Nickelodeon and MTV, is in talks to buy Argentine Federal TV channel Telefonica for up to $ 385 million. Source: Reuters.

Brazil

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  • October 28, Brazilian shares fell 0.6 percent as shares of brewer Ambev SA dropped for a fifth day to the lowest in over four months. Last week, Ambev cut its estimates for revenue and investments this year as a deep recession weighed on beer sales. Source: Reuters
  • October 19, Japan, Brazilian President Michel Temer meets Japan’s Prime Minister Shinzo Abe at Abe’s official residence in Tokyo. Japan agreed with Brazil to jointly explore Japanese infrastructure investment opportunities in Brazil while the President Michel Temer looks to foreign investment to pull out of a deep recession. Source: Reuters
  • “Brazil represents a chance for Japan. In particular, there is a large investment opportunity in the area of infrastructure,” Japanese Prime Minister Shinzo Abe told a joint news conference with Temer

Colombia

Ciudades Capitales - Parque de las luces Medellin

Nov 1, 2016, London. During an official State visit of Colombia’s President Juan Manuel Santos was welcome by the British Queen at the Buckingham Palace. Britain signaled its support for efforts to end half a century of civil war in the South American country t is the first time a state visit to the UK has been carried out by a Colombian president and comes after Mr Santos was awarded the Nobel Peace Prize for his efforts to end one of the world’s longest-running civil wars.

Peru

MACHU PICCHU
  • President Pedro Pablo Kuczynski, took office on July 28, has pledged to fast track US$25.0bn in delayed infrastructure projects. Peru’s economy is expected to expand 4% in 2016 compared with 3.3% last year. Source: Peruvian: Finance ministry.
  • “The pickup in activity growth has been driven entirely by an acceleration in the volatile mining and fishing sectors. Growth in the rest of the economy has continued to slow,” expressed analyst Adam Collins Capital Economics. “We suspect inflation will continue to edge up over the coming months and cause the central bank to resume hiking interest rates next year.”

Mexico

DERECHOS RESERVADOS
  • Octubre 27, The Latin American currencies volatility increased after Democrat Hillary Clinton with a slim lead against Republican Donald Trump in the U.S. presidential race. The Mexican peso strengthened 0.7 percent to 19.2 to the dollar after declining to the weakest in five weeks earlier in the day. Source: Reuters
  • Trump has pledged to curb trade and financial flows with Mexico if he wins. Source: Reuters
  • According to a Reuters survey, fund managers expect the peso to firm to 18 to the greenback the week after the Nov. 8 vote in the case of a Clinton victory. Should Trump win, the median forecast was for the peso to tumble to 21 per dollar. Source: Reuters
  • Mexico City, November 3. The Mexican government is preparing a contingency plan in case of an “adverse scenario” after the presidential elections in the United States next week, said the head of the central bank of Mexico, Agustin Carstens, who said that a victory of Republican Donald Trump would be a hurricane for the country. Source: Reuters.