Business briefs: Ecuador signs oil deal; Sao Paolo best for business; Brazilian economy grows

Venezuela signed several oil and natural gas deals with Ecuador that are expected to help Ecuador save about$300 million a year in fuel imports.

Sao Paulo, Brazil (image) is the top city to conduct Latin American business followed by Santiago, Chile and Monterrey, Mexico.

Brazil’s economy has grown 3.4% over the past year, according to a government report.

The IT market in Latin America is expected to skyrocket over the next few years with Brazil, Argentina, and Mexico leading the way.

Spanish airline Iberia is seriously considering expanding its operations in Latin America based on increased competition and demand.

U.S. textile importers complain about difficulties with trade in Central America caused by CAFTA.

international economy, latin america, business