Caribbean, Latin America Business In Brief
September 3, 2010
CaribWorldNews, NEW YORK, NY, Fri. Sept. 3, 2010: Trade with the Caribbean and Latin America is set to surge this year, a new report from the United Nations economic body for Latin America said on Thursday.The report said exports have risen by 21.4 percent from 2009 and imports are up 17.1 percent as the region bounces back from global crisis.The best performance is seen in countries that export raw materials, while the recovery is slower in countries that import basic products and are dependent on tourism and remittances,` the report said.CARIBBEAN TOURISMCaribbean Hotel and Tourism Association President Josef Forstmayr has called for urgent action by all Caribbean governments for a sustainable cooperative marketing and promotion fund and regional integration and removal of barriers for intra-Caribbean travel. At the same time, he urged the citizens and governments of all Caribbean nations to support strong advocacy for the recognition of tourism as the number one industry generating jobs in the region.LATIN AMERICABurger King Holdings Inc. is selling itself to investment firm 3G Capital in a deal valued at $3.26 billion.3G Capital owns stakes in brewer Anheuser-Busch InBev; Lojas Americanas, a major retailer in Latin America; and America Latina Logistica, the largest railroad and logistics company in Latin America.LATAM STOCKSLatin American stocks traded nearly unchanged in early trading on Thursday as a bout of profit-taking was offset by signs the U.S. economy could be strengthening.A jump in Brazilian state-controlled energy giant Petrobras after the government announced long-awaited details of an oil-for-shares plan also helped pull indexes higher.The MSCI Latin American stocks index .MILA00000PUS dipped 0.07 percent in the morning, the day after booking its biggest single-day gains since the end of May.
