Tags
Tag Results for "Latin America Business News"
Nestle Invests $130 Million in Factory Expansion in Mexico
May 18, 2013 | by HS News Staff | Latino Daily News
Mexican President Enrique Peña Nieto inaugurated a 1.6-billion-peso ($130-million) expansion of a Nestle instant coffee factory in the central city of Toluca. The project has boosted the plant's productive capacity by 30 percent, making it the world's biggest facility of its kind, Nestle Mexico CEO Marcelo Melchior said during Friday's ceremony. continue reading »
Spanish Inflation Rate Falls to 1.4%, Lowest Since March 2010
May 15, 2013 | by HS News Staff | Latino Daily News
A drop in electricity rates and fuel prices pushed Spain's year-on-year inflation rate down by one percentage point to 1.4 percent in April, the lowest level since March 2010, the National Statistics Institute, or INE, said Tuesday. continue reading »
Investment in Peru’s Mining Sector Jumps 23 Percent
May 14, 2013 | by HS News Staff | Latino Daily News
Mining investment in Peru soared 23 percent in the first quarter to $1.92 billion, creating 211,748 direct jobs, the Energy and Mines Ministry said. continue reading »
Mexico Gets Credit Upgrade by Fitch
May 10, 2013 | by HS News Staff | Latino Daily News
This week the credit rating firm, Fitch upgraded Mexico’s credit rating from BBB to BBB+. The one notch increase in the country’s sovereign credit rating was given in great part for Mexico’s new President Enrqiue Peña Nieto’s bank reform efforts. continue reading »
Audi Breaks Ground on Plant Bringing 3,800 Jobs to Mexico
May 5, 2013 | by HS News Staff | Latino Daily News
Audi executives and Economy Secretary Ildefonso Guajardo laid the cornerstone for the German automaker's new plant in Mexico, the Economy Secretariat said in a statement. continue reading »
Honda Announces Plans to Build Plant in Mexico
May 4, 2013 | by HS News Staff | Latino Daily News
The Mexican unit of Japanese auto giant the Honda Motor Co. annonced plans to invest $470 million in the construction of a transmission plant in Celaya, in the central state of Guanajuato. continue reading »
Brazilian Oil Giant Petrobras Sells Stake in Gulf of Mexico Exploratory Blocks
May 2, 2013 | by HS News Staff | Latino Daily News
Brazilian state-controlled oil giant Petrobras said it has sold its 20 percent stake in six exploratory blocks in the U.S. Gulf of Mexico. In a regulatory filing, Petrobras said it signed a sale and purchase agreement for the divestment continue reading »
Federal Court OK’s Offer for Merger Between Grupo Modelo and Anehuser-Busch
April 23, 2013 | by HS News Staff | Latino Daily News
A U.S. federal judge has approved a settlement proposed by the Department of Justice in the merger between Mexico's Grupo Modelo and Belgium's Anheuser-Busch InBev, the companies said. continue reading »
Nestle Selling Infant Nutrition Business in Mexico
April 15, 2013 | by HS News Staff | Latino Daily News
Swiss food giant Nestle will sell the infant nutrition business it acquired as part of the purchase of U.S.-based pharmaceutical giant Pfizer's global infant nutrition unit, the Federal Competition Commission, or CFC, said Monday. continue reading »
Alsea Acquires Master Franchise for Burger King in Mexico
April 3, 2013 | by HS News Staff | Latino Daily News
Mexican restaurant operator Alsea said it acquired the master franchise for Burger King brand fast-food eateries in Mexico. "Pursuant to the Joint Venture Agreement reached between Alsea and Burger King Worldwide, Inc. ("BKW"), the BKW subsidiary in Mexico was merged into Operadora de Franquicias Alsea S.A. de C.V. ("OFA"), an Alsea subsidiary, which will become the merged company and the operator of 204 BURGER KING restaurants in Mexico," the company said in a statement. continue reading »
Chevron Embargo Could Hinder Investments in Argentina, Says YPF
March 29, 2013 | by HS News Staff | Latino Daily News
The CEO of Argentine state-controlled oil company YPF says a court ruling embargoing the assets of Chevron Corp.'s local subsidiary could hinder investment flows into the South American country. continue reading »
Mexico’s Mexichem Acquires Assets of U.S. PolyOne for $250,000
March 26, 2013 | by HS News Staff | Latino Daily News
Mexichem, one of Latin America's largest chemical and petrochemical companies, said it was acquiring all of U.S.-based PolyOne Corporation's vinyl dispersion, blending and suspension resin business. continue reading »
Brazil’s Petrobras Looking to Boost Daily Oil Output to 3.4 Million Barrels by 2017
March 20, 2013 | by HS News Staff | Latino Daily News
Brazilian state-controlled oil company Petrobras, which is striving to boost daily domestic crude and natural gas output to 3.4 million barrels of oil equivalent per day by 2017, said it plans to earmark 62 percent of its investments over the next five years to exploration and production. continue reading »
Spanish Firms Expect to do More Business in LatAm Than Spain by 2016
March 20, 2013 | by HS News Staff | Latino Daily News
Ninety-five percent of the big Spanish companies intend to increase their sales in Latin America over the next three years, while only half of them expect to see increased sales in North America or Eastern Europe. continue reading »
Spain Sees its Investments in LatAm as Secure
March 20, 2013 | by HS News Staff | Latino Daily News
Spain's top official for relations with Latin America said Tuesday that the investments of Spanish companies in Latin America are safe despite the problems in specific countries such as Argentina and Bolivia. continue reading »
Spanish Economy Contracted by .80%, Fourth Quarter 2012
February 28, 2013 | by HS News Staff | Latino Daily News
The Spanish economy continues to struggle with current reports it contracted by .80 percent in the fourth quarter of 2012 mainly due to poor consumer spending in light of high unemployment continue reading »
Spain’s Energy Giant Repsol Sells Assets to Shell in $6BN Deal
February 26, 2013 | by HS News Staff | Latino Daily News
Spanish energy giant Repsol SA said Tuesday that it agreed to sell a package of liquefied natural gas assets to Royal Dutch Shell Plc in a transaction valued at $6.65 billion. continue reading »
More Than 1,200 Iberia Flight to Be Grounded During Planned Strike
February 15, 2013 | by HS News Staff | Latino Daily News
Spanish airline Iberia announced that more than 1,200 flights will be grounded next week, when workers are scheduled to go on strike to protest a restructuring plan that includes 3,807 layoffs. continue reading »
Nicaragua Electric Utilities Disnorte Dissur Sold for $57.8 Million
February 12, 2013 | by HS News Staff | Latino Daily News
Spanish energy company Gas Natural Fenosa said Tuesday it sold its stakes in Nicaraguan electric utilities Disnorte and Dissur for $57.8 million. continue reading »
Spain’s Housing Market Continues Its Slide, Home Sale Fell 11.3% in 2012
February 11, 2013 | by HS News Staff | Latino Daily News
Home sales in Spain fell 11.3 percent last year after a 17.7 percent decline in 2011, the National Statistics Institute, or INE, said Monday. continue reading »
