Mercado Libre to invest $420Mn in Mexico targeting rival Amazon

Latin American e-commerce giant Mercado Libre will invest $420 million in Mexico in 2020, as part of its continuing battle with Amazon.com to gain a larger slice of the country's lucrative online retailing market. The online retailer, which is based in Buenos Aires, Argentina, has invested more than $1 billion in expansion efforts in Mexico since 2017 to compete with other online retailers.

Argentina signs loans for $700mn with CAF

Latin America Development Bank and Argentina agreed a series of loans $700 million. The loan will be use in initiatives to build 103 new educational buildings, the reconditioning of 130 kms of roads, the increase in the generation and transmission of energy; advance in the renovation of the Belgrano Sur railway; more than 3,000 rooms solutions among other works of socio-urban integration and the execution of a project to improve the water supply in the Province of Buenos Aires.