The TLA Times

October 13, 2016
 
Snap shot

Real GDP pct. Growth in El Salvador



  
  Exchange rate
Currency
Per US Dollar
Argentine Peso
15.18
Belizean Dollar
2.01
Brazilian Real
3.20
Bolivian Boliviano
6.94
Costa Rican Colon
552.18
Chilean Peso
666.74
Colombian Peso
2,921.87
Cuban Peso
26.50
Dominican Peso
46.15
Guatemalan Quetzal
7.59
Haitian Gourde
65.68
Honduran Lempira
23.06
Mexican Peso
18.26
Nicaraguan Cordoba
29.00
Panamanian Balboa
1.00
Paraguayan Guarani
5,577.56
Peruvian Sol
3.40
Uruguayan Peso
28.05
Venezuelan Bolivar
9.95


Figures from October 11, 2016 
Source  www.xe.com


 
FUN IN THE SUN
 
Magic Mountain Hotel: Under a waterfall
Not to be confused with the giant amusement park in Southern California, this Magic Mountain is a hotel built into the side of volcano in the Huilo Huilo reserve of the Andes. A waterfall descends from the peak cascading in front of the hotel. The hotel has only 12 rooms. It offers dining and an array of activities.
  
  

 
 
   


 

  
  
  
  
THE REGION
                                                                                         
Duke Energy completes deals to unload Latin American operations
North Carolina-based Duke Energy has deals in place to sell its Latin American businesses to investors from China and New York for $1.6 billion in cash, Bloomberg reports. Duke has wanted to concentrate on regulated power businesses in the United States, having lost its appetite for the risks associated in currency shifts and political instability with Latin America.
 
ARGENTINA
 
Citigroup to sell off consumer operations in Argentina
Banco Santander Rio agreed to buy the American banking giant's consumer business in Argentina for about $1.4 billion, Reuter's reports. The move came a day after Citi reached a deal to sell off much of its Brazilian business. Meanwhile, Citi is investing more in its Mexico bank. Details
  
   
COSTA RICA
 
Oregon firm moves to Costa Rica, says it will build electric cars
Venus Motors relocated to Costa Rica and intends to build electric cars for the domestic market and for export, The Tico Times reports. "We believe Costa Rica can show Latin America and the rest of the world what can happen if you embrace the change," owner Karla Hill said. Hill said she was inspired to relocate by Costa Rica's commitment to reducing its carbon emission. Details
  
 
MEXICO
 
 
Wal-Mart de Mexico still growing, but pace slows in the third quarter
Mexico's largest retailer's sales grew an impressive 9.1 percent year-over-year, but that's down from earlier in the year when Walmex saw double-digit growth, the Wall Street Journal reports. And 9.1 percent may not be good enough for a company that set a stated goal of doubling sales by 2024. The economy hasn't been great in Mexico, but consumer spending has remained robust, the newspaper reports. Details
  
  
 
'Mexicable' debuts with high hopes of relieving traffic congestion
The Associated Press reports via Bangkok Post that Mexico City debut a system of high-wire gondolas designed to ferry residents of poor areas over clogged streets and connect them with other forms of public transportation. About 29,000 riders a day are expected on what has been dubbed "Mexicable." Details
  

   

 







  

Logo TLA

 
 US +1 (214) 295 6357  MEX +52 (322) 221 2605