South American Real Estate News
/ Month / January

Latin America’s rising middle class is exceeding expectations

Latin America’s rising middle class is exceeding expectations The Brazilian newspaper O Estado de São Paulo recently ran an article on the travails faced by Andrea Garoni Sucupira a São Paulo lawyer and mother of two children. She is finding it impossible to hire the live-in maid that traditionally takes care of everything in an upper class Brazilian household. Rather than taking on an informal empregada as her mother did, Andrea has found she has to go through professional agencies that require such things…

An economic snapshot of Latin America for 2013

An economic snapshot of Latin America for 2013 LatinFocus Consensus Forecast panelists expect regional GDP to expand 3.7% this year, following an estimated 2.9% increase recorded in 2012. The stable figure reflects rosier prospects for Chile, Paraguay, Peru and Venezuela, which were offset by downward revisions to Brazil, Colombia and Uruguay. Meanwhile, growth estimates for Argentina, Bolivia, Ecuador and Mexico were left unchanged over December. For next year, the panel sees regional growth accelerating to…

For Santander bank, “Brazil is the most important country in the world”

Banco Santander comes to buy. Sometimes we sell off something, but in Brazil we come to buy,” Botin told reporters before being received by President Dilma Rousseff, putting down rumours doing the rounds in the financial market that he might sell part of the Bradesco bank. “Brazil, for Santander, is the most important country in the world,” Botin said, adding that he was confident the Brazilian economy will bounce back. The banker announced investments of 3 billion Reais (some 1.5 billion dollars) in…

New Zealand’s pension fund shops for offshore farm investments

New Zealand’s state pension fund is looking at buying overseas farmland amid growing demand for food in emerging markets, and it is also interested in assets offered by struggling European banks as well as catastrophe insurance. Crop, dairy and livestock farming operations in North and South America, Australia and Europe are potentially attractive, Matt Whineray, general manager of investments at the NZ$21 billion ($17.5 billion) New Zealand Superannuation Fund told Reuters in an interview. “If…

China must invest in Latin America for food security

South China Morning Post China must invest overseas to ensure its food security, said speakers at the recent Asian Financial Forum. “China and India have to open to global markets like Australia, Africa and Latin America, and invest in these countries’ agricultural production for food security,” said Fan Shenggen, the director general of the International Food Policy Research Institute. By 2020, China would need to import 100 million tonnes of grain each year, Fan said. Last year, it imported…

Argentine and Brazilian tourists find travelling to Uruguay challenging due high costs and poor air links.

Argentine and Brazilian tourists find travelling to Uruguay challenging due high costs and poor air links MercoPress Tourists arriving in Uruguay dropped 14% in first weeks compared to 2012 The number of tourists arriving to Uruguay in the first weeks of this summer season has dropped 14% compared to the same period a year ago, which represents 20.600 less, mostly Argentines and Brazilians, according to Benjamin Liberoff, Director of Tourism. “In the case of the Argentines the dissuasive measures adopted…