Expert warns Latin America will face dilemma when US interest rates rise

Latin America will face a dilemma if U.S. interest rates begin to increase, though that would also create opportunity, an expert from deVere Group -- a consultancy with $10 billion under advice -- told Latin Business Daily. While Brazil and Mexico dominate the region’s capital markets, Latin America is already facing problems related to weak commodity prices. Read More »

Argentine tech workers reduce costs for US businesses

Argentine strengths such as education coupled with disadvantages like a weak currency are helping U.S. businesses find qualified technology workers at a fraction of the cost, the founder of Startup Buenos Aires said. A senior-level mobile app developer in the U.S. can cost anywhere from $150 to $400 an hour. The cost for that developer in Argentina is between $40 to $50 an hour. Read More »

Peru's advertising agencies transition to internal, digital development

Peru's advertising agencies have become more independent, creating their own work compared with efforts in previous years in which local creative workers for the most part adapted or translated work done elsewhere. An increased reliance on internal talent is just one of the changes in the industry, while another big change is the increased use of digital technologies. Read More »

Spanish olive oil producers seek bigger share of Brazilian market

Spanish olive oil producers are seeing a great opportunity to grow their exports in Brazil, where consumers regularly use olive oil to put on top of their pizzas. “Spain is the biggest world producer of olive oil and Brazil has, little by little, become one of the biggest consumers of Spanish olive oil,” Antonio Correas, a Sao Paulo-based official of the Spanish government, said. Read More »

Terpel plans to buy 114 Petrobras stations in Colombia

Colombian fuel company Terpel SA, which operates in several countries in the region, is readying an offer for all of the Brazil-based Petrobras fuel stations in Colombia. “We inform the market that Organizacion Terpel is participating in the process started for the sale of Petrobras Colombia Combustibles,” the Colombian Superintendency of Industry and Commerce said this week. Read More »