Foreign investment in Latin America falls

Foreign direct investment in Latin America and the Caribbean fell 16 percent in 2014, reversing a decade-long growth trend as the region's economies slowed, a UN panel said Wednesday.

Foreign investment in the region fell to $158.8 billion last year from a record $190 billion in 2013, said the Economic Commission for Latin America and the Caribbean.

It was the first drop since 2009 and a sharp reversal in a trend that saw foreign investment expand rapidly over the course of a decade, from $46.9 billion in 2003.