Mexico: Mexican telecoms bill to raise pressure on Slim: draft
A draft bill that follows the constitutional reform passed last year reveals details of how a new telecommunications regulator will have sweeping powers over dominant companies in the industry.
Brazil: Brazil GDP Surprises, But Investors Shouldn’t Get Their Hopes Up
Economic growth in Q4 was 0.7% compared to the same period last year, marking a turnaround from the 0.3% contraction registered in Q3. Consequently, Brazil avoided falling into a technical recession. Moreover, GDP growth for the full year 2013 was 2.3%, which was above the 1.0% increase in 2012. Both results beat market expectations, although the economy will continue to face serious headwinds going forward.
Ukraine: Ukraine seeks IMF financial aid to avoid default
As Bloomberg reported, Ukraine’s new government, lead by Arseniy Yatsenyuk, started works on securing international financing to avert a default as separatist tensions flared in the southern Crimea region. By now, apart from the IMF, several countries have announced that are ready to offered financial support to, not only politically, but also financially struggling Ukraine.