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Peru ranked 35 among the 189 countries surveyed for the latest World Bank's "Ease of Doing Business" report, being placed in the upper fifth of the ranking, Peru's Ministry of Finance (MEF) announced. |
Peru is tapping the international bond market for the first time in two years as it buys back debt to reduce borrowing costs and extend maturities before the U.S. Federal Reserve begins raising interest rates.
The Andean nation plans to sell sol-denominated notes due in 2024 and use the proceeds to purchase shorter maturities denominated in dollars and the local currency.
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The Republic of Peru has opened books on a new 10-year sol-denominated bond setting initial price thoughts at 6% area, according to market sources.
The sovereign will use proceeds from the deal, which settles in US dollars, to buy back some of its local and global bonds with maturities ranging from 2015 to 2020 as well as for general budgetary purposes.
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Chilean telecoms company Entel hopes to significantly expand its small slice of Peru's fast-growing cellphone market after buying Nextel's local unit, but it does not foresee waging a price war to do so, an executive said.
Entel, Chile's biggest cellphone operator, took over a nearly 5 percent share of Peru's cellphone market when it snapped up a Nextel subsidiary from NII Holdings last year for $400 million. Peru's wireless market is now dominated by two carriers. Spain's Telefonica provides 55 percent of cellphone lines through its unit Movistar, and Mexican magnate Carlos Slim's company, America Movil, controls another 40 percent with its brand Claro. Entel will spend $1.2 billion over five years to grow its presence in Peru, where solid economic growth over the past decade has broadened the middle class and fueled consumption.
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Two farmers from Peru's Potato Park region travelled thousands of miles from the fields where they spend their days to share with students their first-hand accounts of how globalization is affecting their communities.
Nazario Quispe Amao and Ancelma Apaza de Ccana came to Connecticut College this month as part of a Global Warming Delegation from Peru, a visit sponsored by the College's Center for Comparative Study of Race and Ethnicity (CCSRE).
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News of Peru's Shining Path insurgency changing strategies and targeting specific people is being met with deep skepticism by sociologist and recognized Shining Path expert Jaime Antezana.
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The remains of 80 people who were killed during Peru's internal conflict with Shining Path rebels have been handed over to their families for burial, decades after their deaths.
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The combined Peruvian and Ecuadorian armies announced yesterday the removal of 4, 000 mines after peace agreements made in 1998.
Ecuadorian Foreign Minister Ricardo Pati�o said this clearance will evade 4,000 risks of grave damages covering an area of 8,000 square meters. Mostly placed by terrorist and organized crime groups, these mines have been injuring and fatally impacting the lives of many in these regions.
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Peru and Chile continue to trade barbs over ownership of a sliver of land that has been under dispute since earlier this year when an international court set a new maritime border.
On Saturday, former Chilean President Sebastian Pi�era said that 3.7 hectares of land is Chilean.
In response to Pi�era's comments, President Humala said "The Peruvian position is clear and coherent with the Treaty of 1920." "The triangle is Peruvian territory and we are going to do everything necessary to apply all of the mechanisms that we have to defend this thesis."
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When you sink your teeth into a caramel apple you experience it, that sensation of sticky sweet caramel adhering to your teeth and the subsequent thrill of the milky thick sugar on your tongue. Of course, in the blink of an eye, your taste buds become enflamed by the acidic apple, and you're forced to take another bite to once again experience the caramel rush. What if that sweet milky caramel could be experienced without the after-taste of a healthy apple and, instead, with the after-taste of sticky sweet meringue? I am here to tell you that it is possible. Nothing can better encompass the sweet taste of a caramel apple-filled childhood than Lima's delicious manjar blanco confection Suspiro de Lime�a, or the "Sigh of Lima."
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 Haute cuisine is a "social weapon" to recognize the value of the small farmers' work in Peru, celebrated chef Diego Mu�oz, of the Astrid y Gaston restaurant in Lima, said. Mu�oz is in New York to attend the Ninth International Chefs Congress ending Wednesday and which was attended by other renowned culinary colleagues, such as Joan Roca of the El Celler de Can Roca, in Spain, and Jaime Pasaque of the Peruvian restaurant Mayta. Gaston Acurio, a famous promoter of Peruvian gastronomy around the world, announced his retirement last August, leaving the business to his wife, Astrid Gutsche, and the 37-year-old Mu�oz. The young chef is not fond of adulation.
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 Peruvian food continues to grow its presence on London's food scene. In the week that plans have been announced for a second branch of Ceviche near Old Street, newcomer Pachamama is finding its feet in Marylebone, merging Peruvian influences with the best of British produce, and this one-time prolific pop-up is bedding into a permanent site in Soho's Kingly Court.
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'Hermosa' means beuatiful in Spanish, and looking at these photos, it's easy to see why... |
 According to Grisel Gamarra Vasquez, who has lived her entire life among the steep hills of Cusco in Peru, the Incas, her ancestors, could teach us a thing or two about community and hard work. Don't steal, don't lie and don't be lazy are the founding tenets by which they lived. I arrive at that archaeological wonder Machu Picchu (one I've dreamt about for years, and as magnificent as all the books say it is) the relatively lazy way - by plane, automobile and train.
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A total of 250 Peruvian Paso horses from farms in Piura, Lambayeque, La Libertad and Cajamarca will compete with one another to place first at the 65th North Peruvian Horse Show- Chiclayo 2014.
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 Women get habitually harassed and verbally abused on Lima's public transport system.
A recent poll by Thomson Reuters of 16 cities has placed Lima in third place of the world's worst public transport systems for women, beaten only by Bogot� and Mexico City.
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 A member of the Andean Parliament, Alberto Adrianzen, requested the Japanese government to consider the possibility of granting parole to three Peruvian irregular immigrants that have began a hunger strike at the Nagoya Immigration Detention Center several day ago.
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 You don't mess with Peru's Pisco!
Nearly 1,000 bottles of fake Pisco nearly got exported to Australia and Germany.
The National Customs and Tax Administration (Sunat) confiscated the two shipments bound for exportation for being improperly labeled as Pisco.
The bottles, which didn't have the authorization to be called 'Pisco', were found in storage in Callao - the name 'Pisco' is protected by law in Peru.
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