News for today's 2018

<br /> <br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMyu_VbGTFI_LHJoyb5_OJmfD3bjEl-zFlYi6R23ZpcNMM0pFSI9VPXxbRMkSD5Uv-R7aGsB7qUSI7hbIpWy_i8HljJcIeF0g5T2z0BzoGUytN00vDDJtRIOw1u8J2n6m1YwuFdGVARfha/s1600/FeaturedImage.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="202" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMyu_VbGTFI_LHJoyb5_OJmfD3bjEl-zFlYi6R23ZpcNMM0pFSI9VPXxbRMkSD5Uv-R7aGsB7qUSI7hbIpWy_i8HljJcIeF0g5T2z0BzoGUytN00vDDJtRIOw1u8J2n6m1YwuFdGVARfha/s320/FeaturedImage.jpg" width="320" /></a></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="color: #0b5394;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">BUSINESS CLIMATE IN LATIN AMERICA REACHES 18-MONTH HIGH </span></b></span></span></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="color: #0b5394;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">&</span></b></span></span></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="color: #0b5394;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">JPMORGAN <span style="font-size: large;">CONF<span style="font-size: large;">IRMS </span></span>EXPANDING ARGENTINE BUSINESS AFTER BARCLAYS LEAVES,</span></b></span></span></div><span style="color: #0b5394;"><span style="font-size: large;"> </span></span><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="color: #0b5394;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">CONTRARY TO WHAT LEADING ARGENTINE DAILY AND OPPOSITION PAPER <span style="font-size: large;">"</span>CLARIN<span style="font-size: large;">"</span> CLAIMED</span></b></span></span></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Climate for business in LATIN AMERICA reaches 18-month high; COLOMBIAN economic growth expected to increase; PERU to campaign for EUROPEAN and ASIAN investment</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="color: #444444;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">GRADUAL RECOVERY IN ECONOMIC GROWTH AFTER THE FIRST TRIMESTER OF 2013, DUE TO THE RECOVERY OF BRAZIL, ARGENTINA, AND COLOMBIA</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The business climate in LATIN AMERICA improved in January, reaching its <a href="http://www.americaeconomia.com/economia-mercados/finanzas/america-latina-presenta-el-mejor-nivel-en-su-clima-de-negocios-en-18-mese"><span style="color: blue;">highest level in 18 months</span></a>.  This is according to indicators released last Wednesday by the Getulio Vargas Foundation (FGV), a private economic institute, and the University of Munich.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The LATIN AMERICAN Economic Climate Indicator reached <a href="http://www.americaeconomia.com/economia-mercados/finanzas/america-latina-presenta-el-mejor-nivel-en-su-clima-de-negocios-en-18-mese"><span style="color: blue;">5.5 in January</span></a>, higher than the 5.0 registered in January 2012.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">This was the highest level since July 2011, when the indicator reached <a href="http://www.americaeconomia.com/economia-mercados/finanzas/america-latina-presenta-el-mejor-nivel-en-su-clima-de-negocios-en-18-mese"><span style="color: blue;">5.6</span></a>. By October 2011, the indicator had fallen to 4.4 as a result of the deepening international economic crisis.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">According to the study, the recent improvement in the business climate is principally attributable to expectations that regional economic growth will continue to increase.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">While the regional business climate improved in LATIN AMERICA, <a href="http://www.americaeconomia.com/economia-mercados/finanzas/america-latina-presenta-el-mejor-nivel-en-su-clima-de-negocios-en-18-mese"><span style="color: blue;">some countries saw a decline</span></a> in their indicator between October 2012 and January 2013.  VENEZUELA saw the greatest decrease in the business climate with its indicator falling from 3.4 to 1.5.  ECUADOR and BOLIVIA also saw their indicators decline.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In BRAZIL, the largest economy in the region, the Economic Climate index fell to 5.9 in January down from 6.1 in October.</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PARAGUAY and PERU received the <a href="http://www.americaeconomia.com/economia-mercados/finanzas/america-latina-presenta-el-mejor-nivel-en-su-clima-de-negocios-en-18-mese"><span style="color: blue;">highest evaluations</span></a> with respect to their facilitating a favorable climate for businesses.  Both received a score of 7.0.</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">They were followed by </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CHILE (6.6), </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">URUGUAY (6.3), </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">BRAZIL (5.9), </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">MEXICO (5.7), </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">BOLIVIA (5.4), </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">COLOMBIA (5.3), and </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">ARGENTINA (5.2).</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">VENEZUELA (1.5) and ECUADOR (4.0) received the lowest score.</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The FGV and University of Munich data on LATIN AMERICA’S business climate is released every trimester.  It calculates the Economic Climate Indicator based on the average evaluation of <a href="http://www.americaeconomia.com/economia-mercados/finanzas/america-latina-presenta-el-mejor-nivel-en-su-clima-de-negocios-en-18-mese"><span style="color: blue;">138 specialists in 18 countries</span></a>.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="color: #444444;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">COLOMBIAN ECONOMIC GROWTH EXPECTED TO INCREASE</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Juan Manuel Ruiz, chief economist at BBVA Research’s LATIN AMERICA  division, asserts that the COLOMBIAN economy will <a href="http://www.americaeconomia.com/economia-mercados/finanzas/colombia-en-busca-de-un-crecimiento-del-5-para-proximos-anos"><span style="color: blue;">recover this year</span></a> thanks to an improvement in the mining and petroleum sectors. Even more importantly, increased investment in civil works could result in gross domestic product (GDP) growth of over <a href="http://www.americaeconomia.com/economia-mercados/finanzas/colombia-en-busca-de-un-crecimiento-del-5-para-proximos-anos"><span style="color: blue;">4 percent</span></a>.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">‘There are preliminary data that suggest [COLOMBIA] is recovering its economic dynamism,’ Ruiz asserted.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Additionally, the Central Bank recently stated that COLOMBIA’S 2012 growth did not reach its potential.  2012 growth numbers are still unknown, but the Bank estimates that the economy grew by approximately <a href="http://www.americaeconomia.com/economia-mercados/finanzas/colombia-en-busca-de-un-crecimiento-del-5-para-proximos-anos"><span style="color: blue;">3.7 percent</span></a>.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Failure to maximise economic output in 2012 has created greater optimism for 2013 growth which is currently predicted to reach 4 percent.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">For 2014, the BBVA estimates that COLOMBIA could maintain dynamic economic growth, potentially reaching growth levels of <a href="http://www.americaeconomia.com/economia-mercados/finanzas/colombia-en-busca-de-un-crecimiento-del-5-para-proximos-anos"><span style="color: blue;">5 percent</span></a>.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="color: #444444;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">GRADUAL RECOVERY IN ECONOMIC GROWTH AFTER THE FIRST TRIMESTER OF 2013, DUE TO THE RECOVERY OF BRAZIL, ARGENTINA, AND COLOMBIA</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRqwgnTcjC_Q9Dm7k7I9R9G0ANfEzD-EpxIaEPjPWZD8NdSKpAIk-1LJwDW-qgXyv_Uf8rghAuQkY4nprrcoUlKGZTKCxgtDLiFDHmn7Kc3k8IIirUTyvGFbYb_npScsI66ya_LlCL6QFf/s1600/tumblr_lkdqkxJPX21qi7ua6.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="329" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRqwgnTcjC_Q9Dm7k7I9R9G0ANfEzD-EpxIaEPjPWZD8NdSKpAIk-1LJwDW-qgXyv_Uf8rghAuQkY4nprrcoUlKGZTKCxgtDLiFDHmn7Kc3k8IIirUTyvGFbYb_npScsI66ya_LlCL6QFf/s640/tumblr_lkdqkxJPX21qi7ua6.png" width="640" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">With respect to regional growth in LATIN AMERICA, the BBVA projects growth of 3.6 percent in 2013, up from 2.8 percent in 2012.  For 2014, the projection is even more optimistic: 3.7 percent.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">‘There will be a <a href="http://www.americaeconomia.com/economia-mercados/finanzas/colombia-en-busca-de-un-crecimiento-del-5-para-proximos-anos"><span style="color: blue;">gradual recovery</span></a> in economic growth after the first trimester of 2013, due to the recovery of BRAZIL, ARGENTINA, and COLOMBIA. This growth will continue on the back of strong internal demand and high primary resource prices,’ according to the BBVA report.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="color: #444444;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PERU TO CAMPAIGN FOR EUROPEAN AND ASIAN INVESTMENT</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PERU will solicit investment from EUROPE and ASIA for projects that are currently being planned for 2013, according to <a href="http://www.americaeconomia.com/economia-mercados/comercio/peru-promovera-proyectos-de-inversion-en-europa-y-asia"><span style="color: blue;">Javier Illescas</span></a>, director of the Agency for the Promotion of Private Investment (Proinversión).</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Illescas specified that the investment promotion campaign will travel to London (UNITED KINGDOM), Frankfurt (GERMANY), Dubai (UNITED ARAB EMIRATES), Beijing (CHINA), Seoul (SOUTH KOREA), Tokyo (JAPAN), and Toronto (CANADA).</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">According to the director, these countries possess <a href="http://www.americaeconomia.com/economia-mercados/comercio/peru-promovera-proyectos-de-inversion-en-europa-y-asia"><span style="color: blue;">strategically-important companies</span></a> that specialise in construction and infrastructure.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Illescas stated that PERU will be developing many new projects this year.  Among these will be the construction of a new metro line in Lima, a major road to cross the Andes, and the Chinchero international airport in Cuzco.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In addition to EUROPE and ASIA, the Proinversión campaign intends to <a href="http://www.americaeconomia.com/economia-mercados/comercio/peru-promovera-proyectos-de-inversion-en-europa-y-asia"><span style="color: blue;">increase its activities</span></a> in AUSTRALIA and NEW ZEALAND, where it hopes to attract businesses interested in investing in PERU.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9TEl-jDvEbx9YeguCFSn6SZKQPw4CqxhlzV0ggPC8RnYl7Nhj4iIJ-53_AGDRCZ8GWJIUMXPrbQO7dQR2e8DVCkcdIxYlFHkAwqpbraXFdwckbDyW7c5EHRLpe9nlwRJLSeLdQnTybPvK/s1600/iS1FXGaVfpa4.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9TEl-jDvEbx9YeguCFSn6SZKQPw4CqxhlzV0ggPC8RnYl7Nhj4iIJ-53_AGDRCZ8GWJIUMXPrbQO7dQR2e8DVCkcdIxYlFHkAwqpbraXFdwckbDyW7c5EHRLpe9nlwRJLSeLdQnTybPvK/s320/iS1FXGaVfpa4.jpg" width="320" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="font-size: large;"><span style="color: #0b5394;"><b><span style="font-family: "Times New Roman","serif";">JPMORGAN CONFIRMS EXPANDING ARGENTINE BUSINESS AFTER BARCLAYS LEAVES,</span></b></span></span></div><span style="font-size: large;"><span style="color: #0b5394;"> </span></span><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="font-size: large;"><span style="color: #0b5394;"><b><span style="font-family: "Times New Roman","serif";">CONTRARY TO WHAT LEADING ARGENTINE DAILY AND OPPOSITION PAPER "CLARIN" CLAIMED.</span></b></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><i><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">By Camila Russo </span></i></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><a href="http://www.bloomberg.com/quote/JPM:US" title="Get Quote"><span style="color: blue;">JPMorgan Chase & Co. (JPM)</span></a> is expanding its business in <a href="http://topics.bloomberg.com/argentina/"><span style="color: blue;">ARGENTINA</span></a> as the country remains a ``key'' market in the region, the bank’s senior country officer said. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">JPMorgan, the largest U.S. bank, is leasing an additional three floors in its headquarters in Buenos Aires and hiring about 15 people this year, Facundo Gomez Minujin said. The New York-based bank has operated its local investment unit in ARGENTINA since 1985, according to its website. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">‘‘ARGENTINA remains a key element of our JPMorgan franchise in LATIN AMERICA,” Gomez Minujin wrote in an e-mail. “In the last 12 months we have increased our headcount.” </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">JPMorgan is expanding in SOUTH AMERICA’S second-largest economy even as competitors have cut staff and closed divisions amid a tightening of currency controls and financial oversight by President Cristina Fernandez de Kirchner’s government. <a href="http://www.bloomberg.com/quote/BARC:LN" title="Get Quote"><span style="color: blue;">Barclays Plc (BARC)</span></a> closed its wealth management office in Buenos Aires in January 2012 “for strategic reasons” while Exotix, a brokerage, last year transferred some staff to New York and <a href="http://topics.bloomberg.com/london/"><span style="color: blue;">London</span></a>due to regulations. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #990000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-fareast-font-family: "Times New Roman";">Gomez Minujin denied a report published today from Buenos Aires-based newspaper <u>Clarin</u> that the bank was leaving the country by the end of the month. </span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">“We’re maintaining our presence ARGENTINA just like we always have,” he said in a telephone interview. </span></div>

LATIN AMERICAN ECONOMICS

BUSINESS CLIMATE IN LATIN AMERICA REACHES 18-MONTH HIGH & JPMORGAN CONF IRMS EXPANDING ARGENTINE BUSINESS AFTER BARCLAYS LEAVES, CON...

LATIN AMERICAN ECONOMICS

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