Via the New York Times, a look at Peru’s slowing economy: From his office window, Henrik Kristensen, the chief executive of the company that runs Peru’s main port, can still look out at rows of newly arrived, shiny Kia automobiles from South Korea and shipping containers stacked four high, full of imported items like television […]
Read more »Courtesy of The Financial Times, an interesting article on the emergence of a middle class in Peru: As Chinese-made motorcycle-taxis try to avoid minivans on the chaotic and dusty outskirts of Peru’s capital, Lima, a glossy and incongruent structure rises amid the street stalls and shanties: a new shopping mall. “Soon, everything will be possible […]
Read more »Courtesy of The Financial Times, a look at the economic development of Peru and Colombia: How would South America’s economies fare if commodities suddenly collapsed? Probably not very well. Indeed, that is why many investors still view the region as a cyclical play on world, and especially Asian, growth. Yet over the past two decade […]
Read more »Via The Associated Press, a report that low oil prices are forcing Peru’s government to reevaluate $2 billion it planned to invest in an oil refinery and new pipelines in the Amazon jungle. As the article notes “…Suspending the pipeline project could put Peru’s ambitions to become a net oil exporter on hold. The upgrades […]
Read more »From Energy Daily, a report that India’s Reliance Industries Ltd. — a leading South Asian energy firm — has signed a joint agreement with Peru’s state oil company to explore for oil and gas in the South American country. As the article notes: “…The deal … adds another developing nation to the roster of countries […]
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