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Mexico’s PEMEX Takes Delivery of Environmentally-Friendly Ships

Oil giant Petroleos Mexicanos, or Pemex, said it took delivery of two ships from South Korea's SPP Shipbuilding Group. continue reading »

Spanish Prime Minister Rajoy Advocates for Economic Growth with Latin America

Spanish Prime Minister Mariano Rajoy told leaders attending a summit here Sunday that countries should deal with the financial crisis by taking measures appropriate for their economic situation, Spanish officials said. continue reading »

Carlos Slim’s America Movil to Buy CIE Media

Mexico City-based wireless giant America Movil has agreed to buy the media and advertising division of Corporacion Interamericana de Entretenimiento for nearly 1.7 billion pesos ($132 million), CIE said Monday. continue reading »

U.S. Economic Delegation Travels to Mexico

A U.S. delegation will travel to Mexico City, Mexico, January 22-24, 2013, to discuss further strengthening the U.S.-Mexico bilateral economic relationship and increasing trade and the creation of jobs in both countries. continue reading »

Mexico’s PEMEX and MexiChem Form Joint Venture Valued at $556 Million

State oil monopoly Petroleos Mexicanos' board of directors has approved a joint venture with private Mexican petrochemical company Mexichem that involves capital injection and asset integration totaling $556 million. continue reading »

Latin America News:  Ecuador Oil Production Increases by Nearly 3 Percent

Ecuador increased its oil production by 2.9 percent in the third quarter of 2012, compared to the same period a year earlier, to an average of 508,800 barrels per day (bpd), the Central Bank said. continue reading »

Pemex Prepares to Lay Off 15,000 in Mexico

State-owned oil giant Petroleos Mexicanos, or Pemex, plans to cut at least 15,000 jobs as part of a reorganization, press reports said. continue reading »

Spanish Retailer Mango Closing Its Last Store in Brazil

The closure of the last store operated by the Spanish fashion firm Mango in Brazil, scheduled for next week, is a "fact," continue reading »

Latin America News: Brazil’s Petrobras to Buy $500M in GE Equipment

GE Oil & Gas, a unit of U.S. conglomerate General Electric Co., said Tuesday it won a $500 million contract to provide Brazilian state-controlled oil giant Petrobras with turbomachinery equipment and services for deepwater oil production. continue reading »

Latin America News: Mexico Set to Buy Fertilizer from Ukraine

Negotiations are taking place for Mexico to "purchase up to 500,000 tons annually" of fertilizer from Ukraine, the National Peasants Confederation, or CNC, said. continue reading »

Brazilian Government OKs Power Line Run by Spanish Firm

Brazil's environmental protection agency said it has granted Spanish company Isolux Energia a license to operate a power transmission line between the southeastern states of Sao Paulo and Rio de Janeiro. continue reading »

Projections Show Latin American Consumer Market to Reach 661 million People in 2025

Mega Trends are transformative, global forces that define the future world with their far reaching impact on business, societies, economies, cultures and personal lives. In the last decade, Latin America has shown tremendous growth supported by the strong macroeconomic reforms implemented during the 1990s. continue reading »

Latin America News:  Brazil Auto Production Down by 1.9% in 2012

Vehicle production in Brazil came in at 3.34 million units last year, down from 3.4 million in 2011 and the first annual decline since 2009, the Anfavea industry association said Monday. continue reading »

Latin America News: Brazilian Set for 3rd Nuclear Power Plant

Brazilian state-owned utility Eletrobras said Thursday that it secured an additional 3.8 billion reais ($1.85 billion) in financing for its third nuclear-power plant, Angra 3. continue reading »

Mexico’s Unemployment Rate Climbs to 5.12 Percent, Majority Working in Service Sector

Mexico's unemployment rate stood at 5.12 percent in November, up from 4.97 percent in the same month of 2011, the National Institute of Statistics and Geography, or INEGI, said Friday. continue reading »

Mexico’s PEMEX Hits High Oil Production Levels in 19 Months

State-owned oil giant Petroleos Mexicanos, or Pemex, said production hit 2.57 million barrels per day (bpd) of crude in November, the highest level in the past 19 months. continue reading »

Panama Makes Inroad to Becoming Regional Diamond Trading Power

The Panamanian government announced that it has been unanimously admitted to the Kimberley Process Certification Scheme, a program meant to keep conflict diamonds off the world market. continue reading »

Iberia Airlines Employees Schedule Pre-Christmas Strikes

Unions representing employees of Spanish airline Iberia said Thursday they will go on strike for six days prior to the Christmas holidays. continue reading »

PEMEX Finds 500 Million Barrels of Crude Oil, Largest Discovery in a Decade

State-owned oil giant Petroleos Mexicanos, or Pemex, said it found reserves of up to 500 million barrels of crude in southern Mexico, a discovery that President Felipe Calderon hailed as the "biggest find" of petroleum on land in the past decade. continue reading »

Brazil Interest Rates on Credit Cards Tops 300%, Median Rate in Latin America is 55%

Credit-card interest rates in Brazil climbed above 300 percent last month, O Estado de Sao Paulo newspaper said Tuesday, citing a report from the Proteste consumer association. continue reading »