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News from Latin America
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September 26, 2000: 4:52 p.m. ET
Internet portal Yupi teams up with Hirediversity; Citibank invests in LatAm
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NEW YORK (BNamericas.com) - Internet portal Yupi teamed up with multicultural recruiting site Hirediversity; Citibank announced to invest $85 million in Latin America, and consulting firm Deloitte & Touche Corp. entered a partnership with Argentina's financial consulting site Maxinver.
Yupi teams up with Hirediversity
Miami-based portal for Spanish speakers Yupi has partnered United States-based multicultural recruiting Web site Hirediversity, according to the company statement.
All jobs posted on Hirediversity will be placed on Yupi's job board, and Yupi users will also have access to the job site's e-mail employment counseling.
Earlier this month Miami-based El Sitio (LCTO: Research, Estimates) and Canada's Jobshark announced a similar deal.
Citibank to invest $85M in LatAm Internet
Citibank, a subsidiary of Citigroup (C: Research, Estimates), will invest $85 million in Latin America to extend and improve its Internet operations in the region, regional papers reported. The investment will take place over an 18-month period.
Citibank has spent more than $1 billion in the region acquiring and investing in local banks. Citibank plans to attract more online clients through additional investments in e-banking services such as online loans, account information and investment products.
The first step in Citibank's Internet strategy was a five-year strategic alliance with U.S.-based financial portal for Latin America Zonafinanciera, which will offer Citibank's financial products on its regional Web sites, Citibank LatAm Internet operations director Fernando Amandi said.
Deloitte gets paired up with Maxinver
U.S.-based consulting firm Deloitte & Touche Corporate Finance has entered as a partner in Argentina's financial consulting site Maxinver, El Cronista (Argentina) reported.
"Both companies believe that the Internet is the right medium for the diffusion, promotion and marketing of the portfolio of products and services that we produce," Deloitte & Touche partner Carlos Ratto said.
Under the agreement, Deloitte & Touche becomes a partner in Internet Latinoamericana, which controls Maxinver. Additional partners include Maxinver Consultores de Finanzas and Instituto Argentino de Ejecutivos de Finanzas.
Launched in May, Maxinver provides financial content, as well as consulting services regarding investments and loans.
Deloitte & Touche Corporate Finance is part of U.S.-based Deloitte Touche Tohmatsu, an international consulting and audit organization. In fiscal year 1999, Deloitte Touche Tohmatsu reported revenues of $10.6 billion, representing an annual growth rate of 18 percent. 
-- source: BNamericas.com
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