Asia and Latin America and the Caribbean
Iberdrola sees Mexico as its core business in Latin America – El Financiero
The CFO of the Spanish power company said that the company plans to invest around EUR 5 Billion for the development of new projects in Mexico until 2020. Read Article.
Cielo, Banco do Brasil to Form $4.5 Billion Card Venture – Bloomberg
Cielo SA (CIEL3) will form a joint venture valued at 11.6 billion reais ($4.5 billion) to manage debit- and credit-card transactions of Banco do Brasil SA, Latin America’s largest lender by assets. Read Article.
UK Solarcentury enlists two solar power plants in Mexico – El Financiero
UK Solarcentury will start building two solar plants in Jalisco and Nayarit, where it will produce more than 40 megawatts for businesses and public schools. Read Article.
Qlik Tech rebooting strategy for Latin America – BN Americas
Business intelligence solutions provider Qlik Technologies has decided to "reboot" its strategy for Latin America, allocating new personnel and strengthening its overall commercial structure for the region. Read Article.
Construction of Nicaragua canal to begin in December – BBC
Nicaraguan officials say construction of a $50bn (£31bn) canal linking the Atlantic and the Pacific oceans will start on 22 December. Read Article.
Green Climate Fund an encouraging sign for global climate agreement – BMZ
With initial financing of 9.3 billion US-Dollars the Green Climate Fund (GCF) will make a substantial contribution to climate action in developing countries. Read Article.
Gates' Impact Investment to Support Unitus Seed Fund – PND
Unitus Seed Fund, an early stage venture fund based in Bangalore and Seattle, has announced that a number of tech executives, including Bill Gates, have agreed to invest in an impact investment fund focused on startups working to address extreme poverty in India. Read Article.
Millicom Open to M&A Deals in Latin America, Africa – Bloomberg
Millicom International Cellular SA (MIICF), which has about 53 million mobile customers in Africa and Latin America, is open to making acquisitions to strengthen its existing markets, its chief executive officer said. Read Article.
Chinese company will invest $ 100 million in Nuevo León – El Financiero
In the remainder of the year, Nuevo Leon is about to receive three FDI projects in the energy and automotive industries, said Rolando Zubirán Robert, Secretary of State Economic Development. Read Article.
Interview: China-Peru ties steadily bolstered: ambassador – Xinhuanet
Ties between China and Peru, currently at their peak, are steadily strengthened thanks to the two countries' shared long-term outlook, Chinese Ambassador to Peru Huang Minhui said. Read Article.
Peru energy plan envisions US$50bn investment – BN Americas
Peru's just released 2014-25 national energy plan envisions US$50bn in investments, the bulk of which will come from the private sector. Read Article.
Chinese rolled steel exports to LatAm jump in September – BN Americas
China exported 610,787t of rolled steel to Latin America in September, up 49% year-on-year. The January to September total was 6.04Mt, compared with 3.93Mt in the same period last year, Latin American steel association Alacero said in a press release. Read Article.
Renewables investment in Mexico reaches US$11bn since 2003 – BN Americas
Mexico's renewable energy sector received US$11bn in direct foreign investment during the 2003-13 decade, with wind power leading the charge. The investment – mainly from Spain, Germany and the US – has pushed Mexico's installed wind power capacity to 1,917MW and solar power tally to 76MW. There is also 962MW of photovoltaic (PV) capacity in the pipeline, according to the 2014 IDF Intelligence report, an annual review of greenfield foreign direct investment (FDI). Read Article.
Initiative to Engage Philanthropy in Post-2015 Development Process – PND
As the Millennium Development Goals process nears its end and the international development community looks ahead to a post-2015 agenda, the United Nations Development Programme, Foundation Center, and a committee of leading foundations guided by Rockefeller Philanthropy Advisors have announced an initiative to facilitate stronger philanthropic input with respect to the changing global development landscape. Read Article.
Bolivia and the EU signed a EUR 281 million multiannual aid program – América Economía
Bolivia signed with the European Union (EU) the multiannual program for the period 2014-2020 in which the European bloc will provide 281 million euros in development aid to the Andean country. Read Article.
Cemex ventures into house building in the UK – El Financiero
Cemex has participated in enabling 1,600 miles of roads and in building 25,000 new homes in the UK, 22% of the total households in the last year, said Fernando Gonzalez, CEO of the cement company. Read Article.
Graña y Montero signs MOU for BHP's Kelar thermo – BN Americas
Lima-based construction group Graña y Montero has signed a memorandum of understanding with Korean Samsung Engineering for the civil works and electromechanical assembly of BHP Billiton's 517MW Kelar combined cycle plant in Chile. Read Article.
Repsol will spend up to 12.000 million in purchases to grow – El Mundo
The Company finalized its strategic plan to increase oil production until 2018, considering different markets such as United States, Canada or Colombia. Read Article.
The BEAM program of Tekes and the Ministry for Foreign Affairs brings sustainable growth in Finland and developing countries – Ministry for Foreign Affairs of Finland
Tekes and the Ministry for Foreign Affairs will launch the five-year BEAM – Business with Impact programme at the start of next year. The aim is to bring together actors from Finland and developing countries to generate new innovative business and development impacts in target countries. Read Article.
Chile telcos to propose US$26bn public-private investment in 10 years – BN Americas
Atelmo – the Chilean telecoms association made up of Entel, Movistar, Claro, Nextel and VTR – plans to propose to the government public-private investment of US$26bn for the next 10 years to develop ICT, according to a report by local daily La Tercera. Read Article.
Wells Fargo Announces $10,000 Grant to Bankers without Borders – Business Wire
In support of its Global Fellows program, an international volunteer program that lends team members’ professional expertise to nonprofits around the world, Wells Fargo & Company announced a $10,000 grant to Grameen Foundation’s Bankers without Borders. Bankers without Borders will use the grant to sponsor pro bono consulting projects at the following nonprofit organizations in Colombia, Ecuador and Mexico Read Article.