Archive for April, 2013

Humala Meets with Repsol’s Chairman Amid Rumors of State Refinery Purchase

Humala Meets with Repsol’s Chairman Amid Rumors of State Refinery Purchase

President Ollanta Humala met with the chairman of Spanish oil firm Repsol to discuss a possible purchase of the company’s La Pampilla refinery, according to daily El Comercio. El Comercio said in a front page story on Tuesday that the closed-door meeting occurred late Monday between Humala and Repsol’s Antonio […]

Pacific Alliance Finance Ministers Meet in Lima

Pacific Alliance Finance Ministers Meet in Lima

Finance ministers from the Pacific Alliance – which includes Chile, Colombia, Mexico and Peru – are meeting in Lima this week to coordinate actions related to capital markets integration and capital inflows, Peru’s state news agency Andina reported. Economy and Finance Minister Luis Miguel Castilla said the meeting will occur on the […]

Colombia’s Sura, Canada’s Scotiabank Acquire BBVA’s Peru Pension Fund

Colombian Grupo Sura and Canada’s Scotiabank have bought the Peruvian pension fund Horizonte from Spain’s BBVA, the Canadian and Colombian companies said in a joint statement. The deal, which is worth approximately $516 million, will see Grupo Sura’s local pension fund, AFP Integra, take over 50 percent of BBVA Horizonte. Scotiabank’s Peruvian […]

World Economic Forum: Peru is a Model for Latin America

World Economic Forum: Peru is a Model for Latin America

Peru, which has been one of Latin America’s fastest growing economies, is a source of inspiration for other nations in the region, according to the head of an economic forum taking place in the Andean nation this week. The World Economic Forum on Latin America was inaugurated on April 24, with […]