Chile celebrates blueberries in China
The Official Ceremony in the Chilean Embassy in China and the launch of the first promotions of this fruit in the BHG Supermarket Chain are amongst some of the actions undertaken last week. The Embassy of Chile in Beijing together with the Chilean Fruit Exporters Association (ASOEX) and the Chilean blueberries Committee organized several events to celebrate and promote the entry of Chilean blueberries into the Chinese market. The activities included an Official Ceremony at the Chilean Embassy in China and…
China and the Inter-American Development Bank launch $1 billion Latam investment fund
China and the Inter-American Development Bank said on Monday they are starting a $1 billion fund to invest in Latin America, though the Asian giant’s latest push to expand its influence in the region prompted words of caution from Brazil. To feed its fast-growing economy’s voracious appetite for raw materials, China has invested tens of billions of dollars in the region, from Mexico to Argentina, over the last decade to acquire strategic assets or companies in sectors such as oil, minerals and food…
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 the areas of energy, transportation and telecommunications have seen the greatest recent growth, with estimates ranging as high as $450 billion, to be spent…
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 for 2011. Total loans during the year were up 4% as Banco Santander SA boosted business in Latin America that helped buffer decreasing European operations. Europe’s largest bank by…
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 the continent, while Brazil and Uruguay both account for about 16% each. In 2011, Chile was the world’s second-largest supplier of hardwood chips after Vietnam. Latin America’s hardwood…
Chile the most globalised 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. “Unlike other countries, the policies of Chilean governments have promoted openness in times of turbulence, taking the sufficient precautions so the economic turmoil does not hit the country hard,” Cristián…
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 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 seven percent from last…
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 said it’s not a question of if, but when, China’s collective economic might will top the U.S. #adp02 But among the smaller, developing nations, there are several surprises by HSBC prognosticators:But among the smaller,…
Unasur forecasts South America’s decade
A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia. Meeting in Madrid for the tenth anniversary of the Spanish foreign affairs think-tank Royal Institute Elcano, Ms Mejia together with other world experts and politicians were invited to discuss the international crisis, the emergence of new powers…
