Telefonica also competes with Slim in Latin America's largest economyBrazil, where it leads the mobile market through its Vivo unit.
2
Accentuating the decline, 2011 GDP growth in emerging economyBrazil slipped to 2.7 percent from a 2010 figure of 7.5 percent.
3
Regional economic bloc Mercosur - which includes the region's two biggest economiesBrazil and Argentina - also condemned the move.
4
Emerging economiesBrazil and India threw their support behind the U.N. effort, saying they would use the TEEB findings as a guide.
5
One of Latin America's biggest free trade advocates, Mexico feels particularly bruised by protectionist moves by fellow heavyweight economiesBrazil and Argentina.