Industry Summits

Mexico's Walmex sees rough ride in 2008 4:13pm EDT

MEXICO CITY (Reuters) - Mexico's Wal-Mart arm sees a tough 2008 due to an economic slowdown but the company, Mexico's leading retailer, expects good first-quarter results. Full Article | Video

Brazil growth to slow after strong 2007: investor 1:32pm EDT

NEW YORK (Reuters) - Brazil's economy is unlikely to expand as rapidly as last year when the stars lined up to offer the country a dreamlike growth scenario, the investor and former World Bank economist who coined the phrase "emerging markets" said on Wednesday. Full Article

Colombiana de Inversiones eyes energy 2:47pm EDT

MEDELLIN (Reuters) - Diverse Colombian investment fund Colombiana de Inversiones said on Wednesday it will focus its portfolio on energy generation with a future eye on holding 20 percent of the local electricity generation market. Full Article

Summit Video: Watch exclusive interviews with executives from the summit

Mexico sees Telmex in TV market in 2008 3:03pm EDT

MEXICO CITY (Reuters) - Mexican fixed-line phone giant Telmex will be allowed to offer television services later this year, once it has complied with some competition conditions, Communications and Transport Minister Luis Tellez said on Wednesday. Full Article

Colombia's Chocolates to restart buying 2:48pm EDT

MEDELLIN (Reuters) - Colombia's Nacional De Chocolates will restart its Latin American acquisitions program this year, the company told the Reuters Latin America Investment Summit on Wednesday. Full Article

Brazil to cut budget up to 20 billion reais 3:24pm EDT

BRASILIA (Reuters) - Brazil's government will announce a spending freeze of 14 billion reais to 20 billion reais ($8.1 billion to $11.6 billion) focused on congressional amendments, Planning Minister Paulo Bernardo said on Wednesday. Full Article

Chile eyes $700 mln '08 telco investment 1:59pm EDT

SANTIAGO (Reuters) - Chile will likely see investment of between $600 million and $700 million in its telecommunications sector in 2008, mostly in wireless Internet and mobile phone networks, the government said on Wednesday. Full Article

Aurelian confident as Ecuador plans mining reform 3:05pm EDT

QUITO (Reuters) - Aurelian Resources Inc is confident it can develop alone its Fruta del Norte gold deposit, considered one of the world's largest, but that will depend on Ecuador's overhaul of its nascent industry, Chief Operating Officer George Bee said on Wednesday. Full Article

New Mexico port could open in 4 years 3:03pm EDT

MEXICO CITY (Reuters) - Mexico will open a tender by mid-year for a huge new Pacific coast container port that would be connected by rail to the United States, Communications and Transport Minister Luis Tellez said on Wednesday. Full Article

Colombiana de Inversiones eyes energy sector 2:09pm EDT

MEDELLIN (Reuters) - Diverse Colombian investment fund Colombiana de Inversiones said on Wednesday it will focus its portfolio on energy generation with an eye on holding 20 percent of the local electricity generation market. Full Article