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Alsea Acquires Master Franchise for Burger King in Mexico

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

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

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

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

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

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

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

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

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

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

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 »

Latin America News: Mexico’s Telmex Faces $52 Million Fine for Monopolistic Practices

Fixed-line giant Telmex faces a fine of 657 million pesos (some $52 million) for monopolistic practices, Mexico's Federal Competition Commission, or CFC, said Thursday. continue reading »

Water Rates Expected to Rise by 40 Percent in Puerto Rico

An increase in water rates set to take effect this summer in Puerto Rico could be as much 40 percent, the president of state-owned utility AAA said Monday. continue reading »

Brazilian Mogul Antonio Ermirio de Moraes Relative and 4 Others Killed in Plane Crash

Five people, including a grandnephew of businessman Antonio Ermirio de Moraes, were killed when a small plane crashed in Brazil's Sao Paulo state, emergency services officials said Monday. continue reading »

New Plastic Surgery Methods Using Stem Cells Created in Nicaragua

A subsidiary of Nicaraguan conglomerate Grupo Pellas presented here a novel plastic surgery method for Latin America based on the use of stem cells extracted from the patient's fatty tissue. continue reading »

Death in PEMEX Blast Rises to 32

A powerful explosion at the headquarters of state-owned oil monopoly Petroleos Mexicanos left at least 25 dead and 101 injured, according to the Mexican government's latest bulletin. continue reading »

Petrobras Sells Stakes in Edesur Worth $35 Million

Petrobras Argentina, the Argentine unit of Brazilian oil giant Petrobras, said it was selling two companies that together have a 48.5 percent stake in the holding company that controls electric utility Edesur. continue reading »

Latin America News:  Mexico’s Economy Grows 4 Percent in 2012

Mexico's gross domestic product grew around 4 percent in real terms in 2012 and 3.6 percent in the fourth quarter of the year, the Finance and Public Credit Secretariat said. continue reading »

Mexican President Peña Nieto Says No To Privatizing PEMEX

State-owned oil giant Petroleos Mexicanos, or Pemex, will not be privatized and the public should be wary of those who seek to "mislead or confuse" this issue, President Enrique Peña Nieto said. continue reading »

Spanish Hotels See Great Opportunity in Latin America

Spanish hoteliers, who have enjoyed a significant presence in Latin America for decades, see in Brazil, Chile and Colombia the best growth potential in a region that is already home to some 700 Spanish-owned hotels. continue reading »