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Recoleta: The Cultural and Residential Hot Spot of Buenos Aires

Ever since the late 1800’s Recoleta has been Buenos Aires’ residential and touristic neighborhood of choice; home to private family mansions, foreign embassies, and luxury hotels.  Back in 1879 when Buenos Aires suffered a terrible cholera and yellow fever epidemics, the population of the city spread out to avoid the contagion. The underprivileged classes settled in the south-southwest of the city, while the wealthy families settled in the Recoleta area, where the height of the terrain reduced the…

Brazil on the right track

Brazil on the right track With all the investment going on for the upcoming World Cup and Olympics, coupled with the investment being made in infrastructure pertaining to airports and roads, Brazil is a sure bet for the future.  According to the Economist, Singapore’s Changi Airport Group and Odebrecht, a Brazilian construction firm, landed the job to upgrade and run Galeão airport in Rio de Janeiro.  Perfect timing for the upcoming games. The hub airport at Belo Horizonte, Brazil’s third largest city,…

China and Europe continue to invest in South America

Many of the countries sprinkled across South America are enjoying periods of growth, as natural resources and higher standards of education than before present the region as a fantastic place to invest Source: worldfinance.com Chinese investment in South America has increased dramatically over the last decade. An article in Latin Finance points out that bilateral investment between the two countries has grown by 1,400 percent, which equals about $140bn. The Chinese investment contribution is seen as highly…

Brazil To Attract Capital Over 8 Years -Itau

Brazil to attract more private-sector investments over the next eight years, compensating in part for lack of domestic savings, but there’s unlikely to be a major appreciation of the Brazilian currency, according to economists at Brazil’s Itau Unibanco Holdings SA (ITUB, ITUB4.BR). As capital flows into Brazil–seeking investment opportunities as well as attracted by the opportunities related to the coming World Cup and Olympic Games and the development of the major offshore oilfields–there’s…
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