Carlos Caicedo, head of Latin America at Exclusive Analysis, tells CNBC that Brazil has already had one trillion of investment in preparation for the World Cup and Olympics.» Read More
*Banking investments pouring into Colombia. BOGOTA, May 24- Colombia will remain a hot spot for foreign banks in the coming years as low credit penetration provides ample room for growth, the head of its second-biggest bank said on Friday, while he explores regional opportunities with special attention in Peru.
May 24- Latin America should suffer just a short, sharp shock to its financial markets when the U.S.
SAN FRANCISCO, May 24- Google Inc is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.
At a conference in Dublin on Friday the head of Ireland's largest bank gave small business leaders the "15- second elevator pitch" he gives to U.S. executives when he is in New York or Boston.
The growing appeal of luxury goods to men and increased confidence among affluent spenders are boosting sales and encouraging luxury brands to step up their investments in the U.S.
*Cane crush in Brazil gathers pace. *Traders expect huge off-year arabicas crop in Brazil. NEW YORK/ LONDON, May 24- Arabica coffee futures on ICE extended losses to the lowest in more than three years on Friday, as computer-based traders continued to sell, while raw sugar inched higher following the previous session's turnaround up from the lowest since 2010..
SAO PAULO, May 24- Embraer SA, the world's third-largest commercial jet maker, expects just one more big regional jet order as a result of its current U.S. sales campaign, Chief Executive Officer Frederico Curado said in an interview, after the Brazilian planemaker clinched three of four major deals since December.
SAO PAULO, May 24- Just two years ago, Brazil was still hailed as "The Near China"- an economy that offered East Asia-style 7- percent growth rates in a seductive, sun-kissed package that was closer to home for western investors.
*Cane crush in Brazil gathers pace. *Traders expect huge off-year arabicas crop in Brazil. LONDON, May 24- Arabica coffee futures touched new multi-year lows on Friday, and raw sugar steadied near a low the previous session, both under pressure from big harvests in top producer Brazil.
*China second to U.S. in 2012 luxury retail growth. *Top brands expanding across the United States. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags.
Carlos Caicedo, head of Latin America at Exclusive Analysis, tells CNBC that Brazil has already had one trillion of investment in preparation for the World Cup and Olympics.
*Latin America seeks integration, yet divided in terms of trade. *Pacific Alliance advocates free trade, foreign investment. BOGOTA, May 23- A Latin American bloc that includes Colombia, Mexico, Peru and Chile on Thursday agreed to eliminate tariffs on most goods to promote free trade between the countries and increase exports to Asia.
SAO PAULO, May 23- Twenty thousand tonnes of Argentine corn arrived in Northeastern Brazil on Thursday, the state of Bahia said, a sign Brazil is purchasing corn from its southern neighbor even though it is expected to harvest its second consecutive record crop. Brazil has had trouble managing its food stocks due to insufficient storage silos and roads.
RIO DE JANEIRO, May 23- Brazil plans to sell the right to explore and develop its largest-ever oil discovery in October, putting up for auction an offshore petroleum prospect that is expected to produce about 12 billion barrels of oil over 35 years.
*Congress could shelve vote on bill. BRASILIA, May 23- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral extraction.
RIO DE JANEIRO, May 23- Brazil plans in October to auction off rights to explore and produce from its biggest oil find to date, and the government hopes to take a large share of the oil produced by winning bidders. The announcement came on the heels of Brazil's first oil offering in five years.
They may both be "BRICs", but China and Brazil face opposite problems and should take lessons from each other, according to Capital Economics.
BRASILIA, Brazil-- Little has been done to improve the safety of public gathering places since a nightclub fire killed 242 people earlier this year in southern Brazil, relatives of the victims said Wednesday.
*Repsol open to an out-of-court YPF compensation package. MADRID/ BUENOS AIRES, May 23- A year after Argentina seized the local business of Spanish oil firm Repsol, there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.
*Brazil coffee crop to add to last seasons stocks. July raw sugar edged up 0.01 cent to 16.66 cents a lb by 1149 GMT, after earlier dipping to 16.56 cents, the lowest level for the front month since July 2010.