Monthly Archives: January 2010

This good news comes from ECLAC ( Economic Commission for Latin America and Caribbean- which is part of the United Nations) in their 10 December 2009 report.
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The trade ministers of an alliance of Latin American Countries (ALBA) will meet today to discuss the operational launch of a regional electronic currency. In last April, Venezuelan President Hugo Chavez and the leftist leaders of the region agreed to minimize the US dollar dependence by launching a Latin American currency styled in line with the euro.
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After making big strides last year in solidifying and integrating the businesses and cultures of the two banks, Bank of America Merrill Lynch (NYSE: BAC) is now looking to selectively grow in Latin America as it goes forward, James Quigley, the bank’s president for Latin America and Canada told BNamericas Continue reading →

A wave of mergers and acquisitions in the outsourcing industry from Argentina to Guatemala underscores a boom in nearshoring by U.S. multinational companies, a business that is expected to continue to grow annually at double digits to over $20 billion by 2013. Continue reading →

Total contract value up 47 percent sequentially to $24.7 billion, highest since 2Q08, according to 4Q09 Global TPI Index

Market bottomed in first half of 2009, turned in second half; positive outlook for 2010 Continue reading →

T spending in the U.S. will grow 6.6 percent to $568 billion in 2010, rebounding from an 8.2 percent decline last year, according to a new report from Forrester Research. Continue reading →

The Brazilian information technology sector (IT) sector grew far above our expectations in 2009, said the president of the Brazilian Association of IT and Communications Companies (Brasscom), Antonio Gil. Continue reading →

EMERGING nearshore rivals, including Ness Technologies of Israel, CPM Braxis of Brazil and Mexico-headquartered Softtek, are increasingly becoming attractive for top outsourcers such as General Electric, Citibank and several others seeking to work with local, specialised vendors instead of sending all projects to offshore locations like India.
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