Showing posts with label Monitor. Show all posts
Showing posts with label Monitor. Show all posts

Tuesday, 5 July 2011

Samsung's quarterly profit seen down on LCD monitor (Reuters)

SEOUL (Reuters)-Samsung Electronics, the world's top producer of memory chips and televisions, it is likely that report significantly below second quarter earnings this week, hit by a loss on its LCD display unit and as weak demand for computer hit sales of its semiconductors.

Strong sales of a new version of its flagship Galaxy S smartphone, however, may have saved the company of South Korea by a third consecutive decline in quarterly profits. Samsung could emerge as the best smartphone supplier in the world, more than Nokia overtaking 10 year reign.

Recovery of Samsung's earnings will likely slow because of its flat screen business and a bleak outlook falls short for computers and television sets in the second half.

"There will be little seasonal demand usual Boost in second half of this year as producers carried out their right of toni dynamiche sound of inventory after the earthquake of Japan for fear of more narrow parts supplies," said Lee Min-hee, an analyst at Dongbu securities.

"The prices of the component had a temporary withdrawal in the second quarter due to unusual and restocking activities which will lead to demand relatively lackluster component even before the summer season. Producers are also concerned about the uncertain economic Outlook, keeping the overall demand for televisions and computers weak, "said Lee.

The company's largest drain on earnings remains its LCD business underperforming. The vies for top position with rivals of LG Display. Each company has about a quarter of the global market.

Reflecting a growing urgency to turn around business, Samsung recently appointed the head of its semiconductor business to take over from Chief Chang Wonkie LCD and combined operation with the underperforming chip Division.

"The restructuring reflects two main headaches of Samsung LCD business-how to restructure, which is now entering a phase of growth lower due to chronic oversupply and slow the growth in demand from manufacturers of flat screen TV and how best to deal with clients of the component," said Lee tae Sun, an analyst at Meritz securities.

"Patent litigation from the likes of Apple, which are the main clients of Samsung, but also in direct competition with it in areas such as PCS, TVs, and Smartphones, have raised business risks for its component operations," said Lee.

Samsung, the most valuable technology company in Asia, with a market value of about $ 134 billion, is due to report guidance April-June on Thursday or Friday before announcing quarterly results as detailed at the end of July.

It is likely that report 3.9 billion won (3.7 billion dollars) in operating profit for April-June on revenues of trillion won, according to 40.3 consensus of 32 analysts interviewed by Thomson Reuters I/B/E/s.

According to StarMine SmartEstimates, which places more weight on recent forecasts by analysts rated, operating profit of Samsung can show a surprise downside of 6 percent to 3.67 billion won. That would be down 27 percent from 5.01 trillion won a year ago but the record 24 percent compared to the previous quarter.

Analysts expect Samsung to lose its second-quarter guide the shipment of an increase in the percentage of mid-teen for the DRAM chip and a gain of over 30 per cent for NAND chips due to weak demand for PCs and Smartphones because production was crimped by the earthquake in Japan in March.

Search companies are reducing estimates global PC shipment, which grew by double digits in recent years except for 2009. They are now single digit growth forecast this year due to economic uncertainty, as well as the lack of convincing PC products.

UBS expects PC DRAM (dynamic random access memory) chips, memory chips, Samsung's main refuse other 15-20 percent in the second half of this year. Samsung controls about 40 percent of the global DRAM market.

BACK IN THE SMARTPHONE GAME

Business handset of Samsung, which saw its profit halved just a year ago due to a lack of interesting products to compete against the iPhone, staged a strong comeback to become the most important profit center.

Samsung Galaxy S II, the sequel of his flagship smartphone Galaxy S, has sold more than 3 million units since its debut in late April. Some analysts expect the ultra slim phone running on Google's Android platform free to become a best ever Samsung model with potential sales of 20 million units.

Samsung may have sold 19 million smartphones in the second quarter and easily beat its goal of selling smartphones in 2011 60 million units, analysts said.

"Smartphone shipments would have jumped 67 percent over the previous quarter and topped market estimates ... because there were few products on the market that can match Galaxy S II as Apple seems to be delaying the new iPhone debut due to interruptions in the supply of parts, while Nokia continues to fail to introduce the competitive," said Jin Sung-hye, an analyst at Hyundai Securities.

Analysts widely expect to tear the place Samsung No. 1 ranking in global smartphone from Nokia struggling in the second quarter and nearly double the market share this year to about 17 percent from a year ago.

Samsung should maintain strong profit growth from sales of smartphones in the second half introduces the sequel to Galaxy S in North America and expands sales of 10.1, that Galaxy Tab is thinner than Apple iPad 2 and carries the same retail price of U.S..

In the mid segment smartphone, Samsung is pushing for changes in the Galaxy, as the ACE and Mini, a market that Apple has ignored so far. Samsung wants to Boost its deliveries in volume and lift the part of the most lucrative segment in its portfolio of portable.

($ 1 = 1065.250 Korean won)

(Edited by Matt Driskill)


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Thursday, 30 June 2011

Greek austerity squeaks, but woe to the budget remain (The Christian Science Monitor)

Paris – Greek legislators under formidable urging from officials of the European Union today voted 155-148 to accept a package of austerity required to prevent a Government default and avoid a chain reaction of market turbulence feared in Europe and the world.

Markets were optimistic before the vote today that Greek politicians would ignore a screaming audience that polls as high as 80 percent who opposed to 40 billion dollars in public spending cuts and tax hikes that the price of international rescue plan that is off by default. Other members of "peripheral" eurozone struggling, including Ireland, Portugal, Spain and Italy, are anxious not to suffer the negative consequences of Greek market by default.

The current crisis in Greece, the second in just over a year, was seen by some as a possible harbinger of European disunity, a turning point for increased isolation among the 17 members of the eurozone. Others see it as a spur to towards deeper integration.

Prime Minister George Papandreou framed the vote today in historical terms, together with the new Finance Minister Evangelos Venizelos, Pasok party heavyweights, pushed through the package and also avoided defections that could have brought the Government down.

IN pictures: protests in Greece

News reports have a Pasok party Office in Crete be burned in Athens, and the outcome of the vote brought enough tear gas on the way to put 30 people in hospital. The nation is on the second day of general strikes called by unions. In recent weeks, the atmosphere for the mostly peaceful protests at Syntagma Square, the epicenter of political anger, turned violent.

Tomorrow brings another vote in Parliament to allow the austerity legislation. That vote is treated as a Pro, even if some of the specific details – for example, a huge cut in spending utility – remain sensitive.

See Greece vote moneyToday, if ratified tomorrow, allows the release of a slice from the bailout of 142 billion dollars of 16.5 billion dollars agreed in May 2010, after the Government Papandreou admitted his books had been cooked to conceal a deficit of 350 billion dollars. [Editor's Note: this story has been modified since the publication of the rescue package size.]

In the absence of a package of structural adjustment and growth, many Greek citizens say that they accept only a package of austerity phrases of a problem of inexorable long-term debt that can't see a way out.

"I don't know what will happen now. What I see is a lot of social and political polarization in Greece, "said Takis Pappas, an expert on Greek politics at the University of Strasbourg," and this is what concerns me at this time. Greece does not have room for manoeuvre. The opposition will try to overthrow the Government or be silent. The opposition [new Democrats] will probably play hard. "

' Kick the can The fresh 16.5 billion, however, will only support the payroll Greek through the summer, causing some analysts to say the vote today to simply "kick the can down the road".

Still analysts Morgan Stanley, speaking anonymously, said that the time and money new bought by â € œkicking € the Cana

Philippe Waechter, Chief Economist at Natixis Asset Management in Paris, said the vote may be healthy, but still does not offer a long-term response.

"Thanks to this vote, we avoid the situation that would arise from default straight of Greece," Mr. Waechter argues, "but this vote, on a very, very drastic austerity, allows only for Greece to take advantage of the Troika [EU, IMF, the European Central Bank] next tranche of funding. What is worrying is that a considerable effort is made to satisfy only a short-term maturity. What will happen tomorrow if Greece is again in the same situation, which will surely happen if nothing is done to address long-term problems? "

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Can I combine political anti-Chà vez of Venezuela? ¡ (The Christian Science Monitor)

Caracas, Venezuela-cry of women and whip their camera phones as political activists begin to sing "Sí, se puede!," the Spanish language version of "Yes we can!"

Several dozen residents of a barrio nearby hill came together in a small square to meet a new crop of local candidates, but the wave of rolling the crowd gasps as former Mayor Leopoldo Lopez arrives reveals he is the star of the show.

"I'm here for him to support him and his candidacy for President," says Isabel Lozada, a Secretary from a modest neighborhood of Caracas. "He is a young man with good ideas". Her friend, Rosario Contreras, he adds, "is a fighter, especially for people like us, the people the barrio humble".

RELATED: Hugo Chávez to where?

As voters more as ms. Contreras voice their disappointment with the left-wing Government of President Hugo Chávez, Mr. Lopez and other opposition candidates are crisscrossing the country, organizing rallies and hoping to build on what they say is a growing chorus for political change.

Sensing that this could be their best shot at victory, all political parties opposed to Mr. Chávez decided to put aside their differences and a single candidate in a February primary again. The Harvard-educated Lopez, who long argued for such a primary, hoping to be among the candidates but says that he will support any candidate is collected.

"This candidate will be hired as the team captain, but one that can't win without the rest of the team," says Lopez.

The decision to hold a primary is a victory for a young generation of leaders whom, for some years, have been locked in a battle of generations with traditional party elders, most of whom had seats before Chávez crashed on the political scene in the 1990s. New leaders are, on average, about 40 years and have embraced the populist Chavez but I believe that economic growth and private investment are the best ways to combat poverty.

"Represent the future, the faces of change and probably have a better chance of winning against [Chávez]," says Alejandro Grisanti, Chief Economist at Barclays Capital. "It will be harder for Chavez say one of these young candidates represents the past."

Unlike previous opponents to Chà vez ¡, which in the early years of his administration refused to participate in the elections, saying that the election process was rigged, these new leaders are seeking votes the President's traditional Turf.

"It is not enough to be a majority. We must be a majority, "Lopez told the small group assembled in one night recently. "Be a majority organized means having a presence in every neighborhood in every neighborhood in every little town to spread our message of change. This means that leaders ranging from House to house ".

While he is one of the most confined of the opposition, Lopez was barred from running for Office in 2008 by anti-corruption officials loyal to Chavez because of charges stemming from a corruption case is not resolved.

Lopez and many others say that the case was politically motivated to neutralize a potential opponent to Chávez. Lopez is fighting the case in the Inter-American Court of human rights and expects a verdict in September. If he wins, he will throw his hat in the ring officially.

Other potential candidates include Henrique Capriles, the second Governor of the State of Venezuela and Caracas Mayor Antonio Ledezma, who undertook a hunger strike to protest that Chavez moves to strip the city officials and the State of their authority.

Mr. Capriles has emerged in some polls as Venezuela's most popular politician, before polling even Chávez, whose popularity has been consistently below by crime persistently high inflation to double digits, deficiencies and recurrent interruption.

"[Chávez] has all the tools to make this feature of the country, and if he did it all would support it," said Josefina Arias, a vendor who describes himself as a former supporter of Chávez. "Unfortunately, I believe that Chavez has lost its vision of what could be Venezuela."

Ms. Arias was in the provincial capital of Los Teques with hundreds of others to receive State-funded vouchers by Capriles is worth about $ 3,000 to repair houses damaged by rain.

Capriles said its nonideological focusing on solving everyday has helped him gain votes in Chávez's traditional strongholds. "I'm in first place in the polls, because I want what people want: a new leadership based on the unit, a Government that is equally for all," says Capriles.

Lopez is Capriles point to last September's legislative elections, in which opposition candidates received more votes than United Socialist Party of Venezuela of Chávez as proof that the electoral tide is turning in their favor.

Despite the victory of the opposition, Chavez assigned more electoral weight to sparsely populated regions, ensuring the dominance of his party in the National Assembly.

"Chávez won through elections, but its daily operation is not democratic," says Capriles. "The challenge is to overcome democratic a Government is not democratic."

Many observers wonder whether the unit, but both Capriles and Lopez say they are some of the main results will be respected by other would-be opposition, saying it would be "political suicide" to run against whoever wins the primary.

The real challenge, says Lopez, will maintain a balance between fair competition between very different options and maintain a fragile unity that everyone recognizes is the key to win. The potential for victory is too large to ignore, he believes it will keep everyone focused and committed.

"The day after the primaries, we will have 335 candidates for mayor, 24 for the Governor and one for the President to hit the streets of the nation as a monolithic block," says Lopez, "which will undoubtedly support the political and emotional drives of all Venezuelans."

RELATED: Hugo Chávez to where?


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Monday, 27 June 2011

World Cup kicks off in Germany (The Christian Science Monitor)

Berlin-when the host country Germany faces Canada tonight in the second match of World Cup 2011, they will be playing in front of a sold-out crowd of 70,000 at Olympic Stadium in Berlin.
World soccer's Board of Directors of Germany and FIFA football national associations hope that the sixth edition of the tournament will Boost the popularity of a sport that is constantly â € "and often unfavorably â €" than the menâ € ™ s version.
Sixteen teams compete on a course of four weeks. Champion in Germany and in the United States, both two-time winners of the Cup, are favorites to win the trophy again, but there are a number of other contenders.
MONITOR QUIZ: weekly news Quiz for 19-25 June 2011
Brazil claims to Marta, which many consider the best player in the world. Norway, who took the title in 1995, he played a solid qualifying, and everyone agrees that the two Asian teams – Japan and North Korea--could represent a serious threat.
Canada have yet to beat the Germans in nine previous matches, but coach Carolina Morace is optimistic for the opening game. "The Germans might suffer from stage fright, given in particular all supporters will be there to encourage them," ms. Morace told reporters. "If we play well in the opening game, anything is possible."
Coach Canada may have a point when she reinterprets the home advantage as a weight as possible.
German team faces pressure to the female of performGermany football, players are expected to repeat nothing less than the "fairly-tale of summer 2006" when the country hosted the men's Cup and the entire nation was delighted by the performance of the German team – and the ability to expose national pride without moderation just found.
Suddenly, it was perfectly OK to correct the German car antenna flag or paint their faces black, red and yellow-acts that previously would have been frowned upon as an embarrassing display of nationalism, unbecoming a country with a violent past of Germany.
German women's team may be difficult to raise this type of excitement.
A player's name, only an oneIn nationwide poll this week, more than half of respondents couldn't name a single national team player.
This must be frustrating for someone like record forward Birgit Prinz, who played 212 League appearances in Germany (his debut was in 1994 against Canada), 128 goals and participates in its fifth World Cup. Compare that to its counterpart on the men's team, Miroslav Klose, who is a junior year, he played 109 caps and 61 goals. Mr Klose has an estimated annual income of EUR 7 million (10 million dollars), ms. Prinz is about 130,000 euro ($185000).
"We hope that this tournament gives the decisive Boost to the professionalization of football of women," says Steffi Jones, former German footballer and currently Chairman of the Committee organising the 2011 World Cup. "Female players Want to be able to live out their sport and not be forced to have a day job."
This can be away in a country that doesn't have the Football League, a professional women.
Until 1970, Germany Football Association explicitly banned women from playing soccer, arguing that "as a combative sport is basically alien female nature," and that "display of the female body violates etiquette and decency."
MONITOR QUIZ: weekly news Quiz for 19-25 June 2011

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New highway of Peru for the future (The Christian Science Monitor)

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Puerto Maldonado, Peru – Traveling from Brazil’s Atlantic coast to Assis, on the border with Peru deep in the Amazon, took Raul Pereira weeks over a precarious dirt road in 1974. The trip required machetes.

Today, his house and workshop are on a paved road. “This was an animal trail in those days," he says.

For years, Assis was the end of the road. Traveling on through the Peruvian Amazon and over the Andes was an adventure on mud tracks. Asked how business is at his roadside mechanic's workshop, the Brazilian gives a thumbs-down. And the lack of a road didn't just hurt his business, but also cut billions of dollars in potential trade between Brazil and Peru.

That’s about to change. After decades of delay, Peru is on the verge of completing the $2.75 billion Interoceanic Highway connecting Mr. Pereira's house – and the rest of Brazil – to the west coast. Pereira, and millions more Brazilians and Peruvians, will see their lives change radically once they live along the continent’s first true transcontinental highway.

Think you know Latin America? Take our geography quiz.

Traffic is already growing. Cesar Bonamigo, a diplomat at the Brazilian embassy in Lima, says 3,500 people crossed the border in 2006. As crews laid asphalt in 2009, he says, that rose 10-fold to 35,000.

The last major link in the Interoceanic Highway, a bridge over the Madre de Dios river 143 miles away, is set to open this month. The last rivet in the bridge will be like the golden spike which, in 1869, completed North America’s first transcontinental railroad. There is a road connecting Argentina to Chile, and a roundabout route through Bolivia. But this is the first two-lane, year-round highway across the continent's waist, from the Amazon directly to the Pacific.

From Sao Paulo, near the Atlantic, the highway traverses 2,439 miles of Brazil, crossing coastal hills, soy-farming plains, and the cattle pastures where Amazon rain forest once stood. At last, just beyond Pereira's home, it crosses the Acre River into Peru. The Christian Science Monitor traversed Peru's new road to glimpse its villages and landscapes before they change beyond recognition.

The bridgeFrom the border, it's a two-hour drive south across rolling farmland to the tiny village of Triunfo. Scattered spindly trees by the highway are reminders of the rainforest, long since logged over. Miles to the right, where the forests remain more intact, indigenous groups live in voluntary isolation, avoiding industrial society.

The road halts at the Madre de Dios River, a Mississippi-sized stream that flows south into Bolivia and Brazil before eventually joining the Amazon River. Across the river is the regional capital, Puerto Maldonado, with its cyber cafes, Chinese import shops, and air-conditioned hotels. But tiny Triunfo had never even been touched by asphalt until the highway was paved two years ago. Naked children still play on the dirt streets of the town. Buses and trucks cross the river on wooden ferryboats just big enough for a vehicle.

Rafael Gahona and Graciela Lopez live 200 yards upriver on a 35-hectare tract where mysterious flute-like sounds emanate from mahogany trees. Their house is built of lumber hewn from river driftwood and is flanked by mango, orange, banana, and cocoa trees. When they want to cross over to Puerto Maldonado, they go by motorized canoe. Like the natives upriver, they too live in a form of voluntary isolation, preferring the noises of monkeys and parrots rather than moto-taxis and dance clubs.

But this quiet life is about to end. The view from the riverbank is dominated by a towering, nearly complete suspension bridge. Every day, workers weld in more orange trusses, racing to complete the half-mile-long span before Alan Garcia's presidential term ends in July. The outgoing president sees the highway as a crowning achievement of his tenure.

Peru’s government first bought the bridge steel in 1980, but financial problems delayed construction for decades, says Biaggio Carollo, an engineer from Brazilian company Odebrecht who is in charge of building the bridge and hundreds of miles of nearby highway.

When the bridge opens, Mr. Gahona's property will suddenly be a 15-minute walk from the center of Puerto Maldonado. It would make the perfect spot for a luxury hotel – and Gahona has already fielded offers for the land.

If they sell, the Gahonas will have cash to pursue other dreams. But their fruit trees are likely to be cut, and the birds and monkeys will be pushed back into the woods.

Gold rushWest of Puerto Maldonado, the Interoceanica Highway splits. One branch goes to Cuzco, where tourists leave for Machu Picchu. The other branch goes to the trading post of Juliaca in the high desert near Lake Titicaca. Either route requires ascending well over 15,000 feet before dropping toward the sea.

In the Amazon near Puerto Maldonado, ramshackle mining camps have popped up, thanks to the rising price of gold and the easier access afforded by the new highway. At the village of Limonchayoc, a two-story-high yellow excavator is converting a deep green meadow into a wasteland of red upturned soil as a team seeks to extract gold dust from ancient river deposits.

The road's builders, including Mr. Carollo, say the illegal mining predates the road, and that the gold price is the main catalyst for the current boom. But old-time miners say the road has brought an influx of heavy equipment, making life harder for local prospectors.

"They never could have brought the heavy machinery in without this new highway," says Juan Mamani. "How could they have crossed that?"

Mr. Mamani gestures at a bridge of decayed concrete, set to collapse into a creek. Then the minibus we're in zips across its replacement – one of 141 new bridges for the Interoceanic Highway.

Mamani is a miner himself. His family couldn't afford to keep him in school, so he spent all his time in his father's gold camp from age six. He still has pumps and sluices, and plans to use their earnings to pay for his son's education. He says the easier access from the new road has made it possible for gangs to industrialize the area's unpermitted mines, closing off a chance for poorer Peruvians to seek a better life.

But like many of the highway's critics, Mamani acknowledges its benefits. He is rushing to Cuzco, where his wife is in the hospital and at risk of dying. Before 2006, he says, the trip could have taken 15 days, and he would have needed to fly. Today, he'll pass up out of the Amazon, through the cloud forests, and across the tundra to Cuzco in seven hours.

Who moved my cheese?On the other branch of the highway, Macusani sits near the summit of the Andes, almost three vertical miles above the Amazon. There, the road has brought prosperity. The Macusani plateau is rich in gold and uranium, and the highway has helped attract investment for mining companies. A joint venture known as Conirsa built the road here, employing as many as 7,000 workers and training 170 women to be heavy machinery operators.

Even the traditionally dressed Quechua women selling cheese and coca leaf in the town plaza say their lives have grown easier with the pavement. Deliveries sometimes took a week when the road was dirt. Now it takes hours.

The road also offers hope for the area's agricultural exporters. Raw alpaca wool in Macusani sells for about $1 a pound, while finished alpaca yarn on the international market sells for almost 50 times that. The highway may boost wool sales for alpaca herders.

Just over the summit in the sleepy village of San Anton, sheepherders are already winning higher prices. Guido Zapaña travels to the area weekly to buy sheepskins for export. "We have to pay more now," he says, after weighing a bloody sheep hide. "More buyers come up on the new highway, and with competition for products, the prices rise."

There is also a threat. When this road connects with Brazil, locals may have to compete with cheap imports. For now, for example, the ladies in bowler hats and petticoats sell the only cheese in town, and they fear the road’s effect on their market. They have no plan for how to compete with the influx of Brazilian products.

"What are they trying to do, kill us?" asks one cheese vendor.

Increased tradeBelow the pale green sheep pastures of the high Andes, the city of Juliaca is a regional capital. Three-wheeled moto-taxis and cargo bicycles throng its streets. The main language is indigenous Quechua, rather than Spanish, and people still buy most of their goods in the same kind of open-air market that existed when Christopher Columbus stumbled into South America.

The Interoceanic Highway spurred Plaza Vea, a Lima-based chain of big-box retail stores, to open its first outlet here in December. Trucks deliver goods via the highway, and shoppers are welcomed in a smooth parking lot with space for dozens of vehicles.

Why it almost empty on a weekday morning? Few Juliaca residents own cars, so a one-stop shop isn’t practical – so far. The new road may drive vehicle sales. The trade association Araper projects that Peruvians will buy 140,000 new vehicles this year, a 16 percent rise from 2010. While provinces outside Lima accounted for only 7 percent of vehicle sales in 2003, the association said that figure rose to 22 percent in 2010.

Reconnecting with PeruAt Juliaca, the highway branches again, making three parallel routes to the coast. All three must traverse sandy deserts veined with slim agricultural valleys. Each of the three ends at a port that is supposed to become an important hub for trade with the Pacific Rim.

The towns of Ilo and Matarani, about 75 miles apart, already have multipurpose ports that may be expanded once highway traffic takes off. But the northernmost of the three port towns, Marcona, is another story. Its promised "superport" remains an unmarked patch of sand and a broken-down pier.

For years, Marcona been an outpost of Asia. The tiny town has one of the world's biggest iron mines, where Chinese steelmaker Shougang Corp. ships ore to China.

Now, with the opening of the road, the town hopes to reconnect to its home continent.

Jimmy Ybarra spends his days mixing cement powder, desert sand, and water to make concrete, and pounding the mix into molds to make cinder blocks for construction. He got his break when a local businessman built a five-story tourist hotel, boosting demand. He says tourism is growing as visitors seek the area's unspoiled beaches and penguin colonies.

"People are coming from Colombia, Argentina, Brazil," he says.

It remains to be seen how much of Brazil's Pacific-bound trade will end up on the road, says Cesar Bonamigo from the Brazilian embassy. Products such as soybeans and iron ore are unlikely to be carried by truck over the mountains, as it's cheaper to send them by barge down Brazil's rivers.

But the road is almost complete, and it's already connecting Marcona to the Peruvian interior. From the beaches of this coastal port back east 900 miles to the border town of Assis where Raul Pereira works as a car mechanic, people are building hotels and filling stations, while forest dwellers, farmers, and merchants look on with cautious hope.

Think you know Latin America? Take our geography quiz.

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