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South America: Canada’s forgotten continent

For years, merchants in Nova Scotia traded salt fish, lumber and potatoes for Jamaican rum and molasses. But they needed a place to barter their goods and so, in 1889, Bank of Nova Scotia opened an agency in Kingston. It was the first foray for a Canadian bank beyond Canada, the U.S. and the U.K. Next came a branch in Cuba in 1906, Puerto Rico in 1910,…

Lionel Messi enters the Argentine wine industry business

Football superstar Lionel Messi is to become the latest sportsman to enter the wine industry after Argentinian winery Bodega Valentin Bianchi announced it is to launch a new wine bearing his name. The wine will be called “Leo” after the Barcelona and Argentina star and it has the full backing of the three-time FIFA World Player of the…

‘Un Techo Para Chile’ is finalist for the World Design Impact Prize

‘Un Techo Para Chile’ is finalist for the World Design Impact Prize When design brilliance comes together with social responsibility, great things can happen – and the lives of the poor or disadvantaged can get just that little bit easier. This is the ethos behind the new World Design Impact Prize, created by the International…

Warren Buffett prefers Farm Land to buying Gold. You should too.

Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce — gold’s price as I write this — its value would be about $9.6 trillion. Call this…

Latin America’s infrastructure grows fast

Latin America’s has long been considered a laggard in terms of global infrastructure development, but that perception should be changing. Countries such as Brazil, Mexico, Chile, Peru, and Puerto Rico have all begun major long-term infrastructure projects ranging from roads to dams to telecommunications towers to airports. Infrastructure development in…

Europe’s largest bank profits boosted by its operations in Latin America

Spain’s Banco Santander said that 2011 net profits reveal the growing importance of its Latin America operations which contributed with 51% of the bulk. Last year net profits totalled 5.4 billion Euros, down from 8.2 billion Euros in 2010. The growing importance of Latin America was evident in the bank’s loan book during…

Behind an expat’s wine startup success in Argentina

Vines of Mendoza managed to overcome the pangs of the global financial crisis and Argentina’s inflation woes by keeping a close eye on costs and cutting deals whenever possible. By Ian Mount @Fortune Language and cultural differences make it hard to be an expat entrepreneur under any circumstances. It’s doubly hard if the main market for your product plunges into a wrenching economic…

Chile, Brazil and Uruguay among the world’s leading exporters of wood chips

Wood chip exports from Latin America are on track to reach a record high of almost eight million tons in 2011, reports the Wood Resource Quarterly. This would be an increase of 7% from last year and of almost 60% higher than in 2006. Chile is by far the biggest exporter, accounting for two-thirds of the total shipments from…

Chile the most globalized economy in Latin America, says report

Chile has emerged as the most globalized economy in Latin America and moved up to 25th place in the world, according to global consulting firm Ernst & Young. Chile is among the countries to improve their position despite global economic uncertainty, the firm’s annual Globalization Index found. By Payton Guion @The Santiago Times…

South American timber and wood products poised for growth

Global trade of wood products has gone up substantially the past two years. Hardwood chip export from Chile, Uruguay and Brail was up 43 percent in 2011 compared to 2009, as reported by the Wood Resource Quarterly. A clear majority of the increase was Eucalyptus chips destined for pulp mills in Japan and Europe. Wood chip exports from South…

Should you invest in Brazil?

By Dominic Frisby @ MoneyWeek I’ve just spent a very pleasant fortnight in Brazil. It’s a wonderful country. But should we be investing there? The first thing that struck me about Brazil its sheer abundance. It’s the fifth-biggest country in the world. It has 20% of the world’s fresh water supply and just 3% of its population. (China has over…

South America Spawns Its Own ‘Malibu’

The skyscraper horizon of Punta del Este in the distance feels miles away in the Uruguayan beach town of Manantiales, where a booming luxury market of million-dollar condos and forthcoming luxury hotel has elevated a beach town to global glitterati status — making it suddenly the Malibu of South America. By Michael Martin @MainStreet Moneyed Punta del Este…

Chilean per capita meat consumption has doubled in the last two decades

In the last two decades Chileans consumption of different meats has doubled according to data from the Agriculture Policy and Studies Office, ODEPA, released this week. From the 39.6 kilos of 1991, meats consumption soared in 2011 to 84.2 kilos on average, and not taking into account fish and sea food. If the 28 years since…

HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years.

The global research department of HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years. The world’s top economy in 2050 will be China, followed by the United States. No surprises there – since China’s reforms in the 1980s, economists have…

The untold story of the Mavinas ( aka Falklands ) war in 1987

Malvinas War – The Untold Story (1987) Five years after the war in the Malvinas between Britain and Argentina, many facts were still wrapped in red tape. Many of the key figures had remained silent. No-one had been to Argentina to tell the other side of the story. For the majority of the British people, the war was another glorious…