International law firm Milbank, Tweed, Hadley & McCloy LLP, which operates an office in Sao Paulo, Brazil, was chosen recently to advise Seaborn Networks on financing for a $500 million project to install a submarine communications cable to link New York and Sao Paulo. Equity financing for the project, Seabras-1, is being provided by private markets investment manager Partners Group.  Read More »

Anchovy, a species key to Peruvian fisheries as well as to the South Pacific ecosystem, could once again face dangers unless it receives adequate protection, Carmen Heck, policy director at the Peruvian branch of international organization Oceana, told Latin Business Daily. “It is the main fishing resource extracted in Peru and is basic for the food chain," Heck said by telephone. Read More »

Latin American and Caribbean countries need to work together to be less vulnerable to potentially harmful trade accords, Alicia Bárcena, the United Nations' executive secretary of the Economic Commission for Latin America and the Caribbean (ECLA), said last week. Bárcena was specifically discussing the potential impact of the Trans Pacific Partnership (TPP) in Latin America. Read More »

Poverty in Latin America and the Caribbean declined to 5.6 percent of its population in 2014 compared with 6.2 percent in 2012, according to data released this week by World Bank President Jim Yong Kim who is in Peru for the World Bank-IMF annual meetings. The Latin American and Caribbean population in 2014 was about 525 million, according to figures from the World Bank. Read More »

DishLatino was recognized as Top Marketer to Hispanic Audiences at the Portada Hispanic Advertising and Media Awards held this month in New York. The media awards recognize companies that have performed significant work for Hispanic marketing. DishLatino's 2014 marketing campaign presented four videos that described a central character's move from Mexico to the United States. Read More »

The U.S. Chamber of Commerce launched the U.S.-Cuba Business Council (USCBC) late last week, a commitment from the U.S. business community to build a strong and strategic commercial relationship with Cuba. Read More »

The U.S. State Department’s Bureau of Overseas Buildings Operations has selected six design firms in Part One of its two-stage selection process for the building of the new U.S. Embassy Compound in Brasilia, Brazil. In the second stage of the selection process, the shortlisted firms will assemble their technical teams and submit qualifications for evaluation. Read More »

Hyatt Hotels Corporation and LATAM Hotels Corp opened the Hyatt Place Tegucigalpa, located in the Honduras capital city of Tegucigalpa. Read More »

U.S. Hispanic Chamber urges people to form their own opinion of Republican front-runner Read More »

U.S. Secretary of Commerce Penny Pritzker recently made Eduardo Leite the new chair of the American portion of the US-Brazil CEO Forum. The change was made because the previous chair, Patricia Woertz, has resigned from her post with Archer Daniels Midland. Read More »

Bureau of International Information Programs (IIP) Coordinator Macon Phillips will be in Brazil between Aug. 23 and 29, during which time Phillips will visit Sao Paulo, Brasilia and Rio de Janeiro to discuss collaboration on environmental sustainability issues. Read More »

Carlyle received shares from Inversions Centenario, Scotiabank, and Wiese and De Osma families Read More »

JLL has identified Brazil and Mexico as promising life sciences clusters that are ripe for investment for pharmaceutical and biotechnology companies looking for outward expansion, released in its fourth annual Life Sciences Outlook Report. Read More »

NASA Administrator Charles Bolden and Brazilian Space Agency President José Raimundo Braga Coelho have signed agreements to advance research into heliophysics and space weather, and to enhance global climate study and educational opportunities. Read More »

South America will invest $38.1 billion in modernizing the region’s power infrastructure from 2015 to 2025, according to a new study published on Monday by Northeast Group LLC. Read More »

Bolivia, a land-locked country of 10 million in the center of South America that is often associated in the past with poverty, has made significant progress in recent years under the leadership of a former cocoa farmer and is managing a solid economic expansion. Read More »

U.S. Rep. Tom Emmer is latest Republican to introduce bill to lift 55-year-old embargo. Read More »

The Inter-American Development Bank announced it will provide long-term loans to help Nicaraguan coffee farmers fight the effects of the coffee rust fungus that has hurt production and threatened the livelihoods of millions who depend on the coffee industry. Read More »

The Inter-American Development Bank and the OPEC Fund for International Development last week signed a co-lending agreement to drive further trade financing to Latin America and the Caribbean. The partnership will allow banks to borrow on commercial terms. Read More »

For the 49th annual Smithsonian Folklife Festival, Peru showcased its destination, diverse culture and travel experience to encourage tourism. Peruvian artisans took to the National Mall in Washington, D.C. to show manifestations of the Peru culture. Read More »