BRAZIL – WalMart sells off 80 percent of its Brazilian operation. | LATIN AMERICA – Spirit Airlines expands service from Orlando to Latin America. | COSTA RICA – Costa Rica trying to trade more by sea in wake of Nicaraguan unrest. | MEXICO – Developer suing JP Morgan Chase for $1.2B over transfer of property. – Coke or Pepsi? This town too dangerous for either one.
CHILE | Bank of Nova Scotia bids to buy majority interest in Chilean bank. ARGENTINA | Hard-candy company seeks partner for access to markets abroad. PANAMA | What’s in a name? Nothing good if it’s ‘Trump,’ hotel owners decide. MEXICO | Mexico to raise minimum wage by 10 percent this week. | BlackRock takes over Citigroup’s asset management in Mexico.
PERU | Australia’s prime minister announces Peru trade agreement. BRAZIL | Uber forms alliance with rivals to fight regulation in Brazil. ARGENTINA | Vineyard owners’ complaints about crushing taxes prove effective. MEXICO | Phoenix Gateway Airport, Mexican developer team up on project. | Seattle celebrates Aeromexico nonstop service to Mexico City.
THE REGION Colombian airline granted 15 years to operate in Argentina Colombian-based airline Avianca can begin flying in Argentina on July 11 after winning a concession to operate in the country for 15 years, the City Paper in Bogota reports. The carrier plans to service 16 routes in the country. The airline plans to invest about…