Itau Wow: Brazil’s Largest Private Bank Growing Rapidly in Argentina, Uruguay

Itau Unibanco, Brazil’s largest private bank, continues to grab market share in Argentina, Uruguay and other corners of Latin America. The Brazilian bank today reports US$20.25 billion in revenue and US$6.4 billion in profits for the first nine months of the year, a 16% increase over the same period in 2010. Commercial lending in Latin America is playing an increasingly important …

New Agreement Could Impact Argentine Investment in Uruguay Real Estate

Argentines, the leading group of foreign investors in Uruguay real estate, may soon be dethroned by Americans, Canadians, Brazilians or residents of another foreign country if proposed legislation gives Argentine tax authorities a better understanding of which citizens are buying and selling Uruguay properties. According to Marcela Dobal at El Pais, speculation that such an accord would be signed by …

PPP: Uruguay To Actively Court Infrastructure Investors Abroad

With 947 days until it hosts the 2014 World Cup, Pele says Brazil is not ready. The Brazilian soccer legend says 7 of the 12 host cities have not even commenced construction on much-needed infrastructure. When it comes to courting infrastructure investment, Brazil may want to take a page from Uruguay’s playbook. From airports to highways Uruguay already has some …

Latin American Travel & Tourism Industry Ready to Get “FIT” in Buenos Aires

Tourism is big business these days here in the Southern Cone, and all eyes are on BA for this weekend’s 2011 Latin America International Tourism Fair (FIT). The annual event attracts over 1,700 exhibitors including travel agents, hotel chains and tour operators from 45 countries in Latin America and beyond. The Expo is divided into four key areas to balance …

Major Milestone: Uruguay to Welcome 3 Million Tourists in 2011

For the first time in the country’s history, Uruguay will break the three million mark for visiting tourists. The record-breaking numbers were shared earlier today by Minitud, the Uruguay Ministry of Tourism and Sports. The milestone will represent a 24% increase in inbound tourists over 2010 (2.40 million) and a 64% increase over 2006 (1.82 million). In terms of revenue, …