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Santiago is the 5th richest city in Latin America

Consulting firm Pricewaterhouse Coopers recently ranked the richest cities in the world by measuring economic output and consumer buying power. Santiago ranked 53rd overall, but 5th among other cities in Latin America, after Mexico, Buenos Aires and Sao Paulo and Rio de Janeiro. The survey ranked 151 major cities by dividing the city GDP by the purchasing power of each resident. Tokyo and New York took the top two positions by a high margin: according the report, Tokyo is worth US$1.2 billion and New York US$1.1…

Paraguay South America’s Growth Champion Is Set to Rebound After Recession

Paraguay is set to retake its position among the fastest-growing South American economies in 2020, as central bank Chairman Jose Cantero estimates monetary stimulus and public investment will allow it to expand the most in three years. The country will expand 4.1% as a broad recovery spanning agriculture to industry takes hold after the benchmark rate was cut to a nine-year low, Cantero said in a phone interview from Asuncion. A slew of road and highway projects have been started as part of a $6.8 billion building…

As Coronavirus Spreads, Bears and Fear Infect the Commodity Markets

Coronavirus continues to be a black swan hitting the markets, with both the stock market and commodity market getting hit hard on Monday. The Dow was on pace to have its worst day in two years. The number of cases outside of China shot up over the weekend, and the World Health Organization (WHO) even acknowledged the world is not ready for the virus’ global spread. DuWayne Bosse of Bolt Marketing says the main factor driving down prices on Monday is uncertainty. “Markets hate uncertainty, especially…

Uruguay introduces a new legal entity for business: Sociedad Anonima Simplificada (SAS)

Learn about the Sociedad Anónima Simplificada or SAS in Uruguay, and how it offers a new option for foreign executives to expand into the developing country. Entrepreneurs have long demanded more sophisticated tools to support commercial activity in Uruguay. Despite demonstrating positive GDP growth since 2003, there were still some limitations that impeded the growth of Uruguay’s entrepreneurial and commercial frameworks. On 11 September 2019, the government passed the Entrepreneurs Act. This…

Kristine Tompkins – the environmentalist buying back the earth

The philanthropist talks about her battle to protect the wilds of Chile and Argentina Sometime in the southern hemisphere summer of 1990, Kristine McDivitt, then CEO of the Californian outdoor-apparel company Patagonia, took “a bunch of new executives” to Argentina to show them the terrain its clothing was designed to weather. It was a chance to “imbue them with the company’s ethos and spirit”. There, in the middle of nowhere, she ran into Douglas Tompkins, co-founder of the rival outdoor-gear…

Avison Young invests in Valuation & Advisory business for Latin America operations

Max Gill and Michelle D’Artigues join as Principals in Mexico City, continue partnership to grow business line for the region Max Gill and Michelle D’Artigues join as Principals in Mexico City, continue partnership to grow business line for the region Mexico City, MX – Emile Sarraf, Avison Young Principal and Managing Director of the firm’s Mexico City office, today announced the appointment of Max Gill and Michelle D’Artigues as Avison Young Principals. Gill and D’Artigues,…

Soybean mogul negotiating to buy Tejar’s Agriculture Brazil unit

Amaggi, the Brazilian soybean group owned by entrepreneur-turned-politician Blairo Maggi, is in advanced talks to buy the local unit of Argentina’s El Tejar to capitalize on increasing crop demand from China, people with knowledge of the matter said. The proposed acquisition of O Telhar encompasses all assets in Brazil, including about 70,000 hectares (173,000 acres) of farming land, cotton mills, warehouses and machinery, one of the people said, asking to not be identified as talks are private. Amaggi declined…

Argentina Pockets $35 Billion Windfall After Accounting sleight of hand

Argentina may be in deep financial trouble but its central bank is comfortably back in the black — thanks to a smoke and mirrors accounting manoeuvre. A little-noticed decision by policymakers late last year to change the way they value government bond holdings transformed the central bank’s balance sheet overnight, turning what had been a net worth of negative $2 billion into positive $33 billion. Officials have made little effort to explain the move — they just say it’s part of a wide-ranging…

Chile: Interview with Gemines chief economist Alejandro Fernández

Alejandro Fernández has been the chief economist at Gemines since 1990. A graduate of the University of Chile and the University of Rochester, he has also served as an adviser for Chile’s Ministry of the Economy and the World Bank, as well as an academic at the University of Chile. In October, President Sebastian Piñera hailed Chile as an oasis of stability in Latin America. However, the civil unrest that engulfed the country later that month and the subsequent promise of a new constitution have cast…

Five Entrepreneurial Lessons I Learned Growing Up On A Farm

“The ultimate goal of the farm is not the growing of crops, but the cultivation and perfection of human beings.”—Masanobu Fukuoka On July 31, 1951, I was born on a farm in a faraway place called New Zealand. Today I run a Real Estate business in the heart of South America called “Gateway to South America“. For many years, I ran away from my farm-life upbringing because I thought it had no place in this business, but over time, I’ve come to embrace some of my farm-boy ways to a competitive…

LOBOS ISLAND *, BIRTHPLACE OF URUGUAY PASTORAL FARMING

Cartoon islands are usually a rock amidst water with a palm tree on top. In real life, however, islands are much more. Lobos Island (Isla de Lobos) in Rio Negro Department of Uruguay, was the breeding land for the first cattle to be introduced to Uruguay, the origin of what is today the number one gross national product. It still is an important source of quality beef and now it can be yours. Lobos Island geography Situated at the confluence of Uruguay and Negro Rivers, the aerial view clearly shows the meeting…

Understanding International Family Offices as an alternative source of investment capital

The role of the family office has often been misunderstood, even though the concept has been around (in a variety of forms) for hundreds of years. Still today, as this industry controls billions of dollars in assets under management, there are many intelligent, experienced finance professionals who cannot offer a complete definition of what a family office is exactly. Today, the family office industry is expanding at an impressive pace, with new family offices opening every month and assets continuing to…

5 Tips for business success for US companies in Chile

As one of the world’s most entrepreneurial nations, there are ample business opportunities for US companies in Chile. Chile and the US have maintained a strong commercial relationship dating back to 1918. In 2019, both countries celebrated their 100th anniversary of the Chilean-American Chamber of Commerce. This longstanding and mutually beneficial commercial relationship has fostered strong connections between the 2 countries. For decades, Chile has modelled its economy and institutional foundations on…

Inheritance and Wills in Chile

The basic order of inheritance in Chile after someone dies is that of surviving spouse, children, parents, grandparents, siblings, and then cousins. This also includes the rights of spouses and children for their direct ascendant or decedent to inherit. You are allowed to give a certain percentage of your estate in a will to whomever you like, but for the most part, you can not avoid giving these family members with mandatory inheritor rights a portion of your estate by just drafting a will. There are certain…

The six biggest trends in global agriculture

The agricultural sector undoubtedly has its challenges; the impact of over taxation, increasing input costs, drought, waste, plastics, energy sourcing, labor, over-processing and methane emissions just to name a few. Equally, however, there are also many opportunities. So, what are some of the exciting trends we are seeing in agriculture today? Below I highlight six trends that we have identified, providing interesting insights into the rapid change underway in the sector and the potential investment opportunities…
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