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Volkswagen’s 2015 Golf Will Be Made in Mexico

The 2015 Golf will be produced in Puebla, Mexico, and is expected to go on sale in 2014, Volkswagen said. The German automaker unveiled the 2015 Golf at the New York International Auto Show. continue reading »

Bolivia Approves France’s Total Giving Gazprom Stakes in Gas Fields

The Chamber of Deputies has approved changes in the operating contracts held by French oil major Total for two gas fields in eastern Bolivia, opening the way for Russia's Gazprom to acquire stakes in th continue reading »

Carlos Slim Foundation Supports Campaign to Improve Digital Literacy

Eligible Households Will be Able to Access Discounted High-Speed Internet and Low-Cost Computers - Carlos Slim Foundation Supports Connect2Compete's National Campaign Launch to Increase continue reading »

Financial Crisis Averted: Cyprus Gets $13BN European Bailout

Cyprus on Monday reached a bailout agreement with its Eurozone partners and the International Monetary Fund that protects small bank depositors while penalizing holders of large accounts and shrinking the banking system. continue reading »

PERU: Brazilian-Spanish Consortium to Build Hydroelectric Power Plant

A consortium made up of Spain's Corsan Corviam and Brazil's Engevix and Enex has been chosen to build a hydroelectric power station in southern Peru, officials said. The Andean nation's Private Investment Promotion Agency, or Proinversion, s continue reading »

Spain’s Grupo BBVA to Invest $3.5 Billion in Mexico

Grupo BBVA on Thursday unveiled a four-year, $3.5 billion investment plan for its Mexican unit, saying the funds would be used to modernize more than 1,700 bank branches nationwide and meet other objectives. continue reading »

Puerto Rico’s Unemployment Rate Ticks Down to 14.6%

In Latin American business news, Puerto Rico's unemployment rate ticked down to 14.6% in January, which represents a .7 percent decrease from the prior month. continue reading »

Cuba’s Tech Fair Attracts Lots of Attention from Chinese

Chinese firms such as Haier, ZTE and Huawei are the largest contingent at Cuba's 15th International Information Technology Fair and Convention. continue reading »

Latin America News: Economists Cut Economic Growth Rate for Brazil

In Latin America news, analysts have lowered their 2013 growth forecast for the Brazilian economy from 3.1 percent to 3.03 percent, the central bank announced. continue reading »

Santiago Seeks $500-$600 Million in Financing to Expand Mass Transit System

In Latin American business news, the city of Santiago, Chile may seek $500-$600 million to upgrade its mass transit system continue reading »

FactoryMade Ventures Forms Joint Venture With Lucha Libre AAA

FactoryMade to Operate and Extend Wrestling League's IP in U.S. and International Territories Outside Mexico; Starlight Runner Entertainment to Lead Innovative Transmedia Development Initiative continue reading »

Spain Seeks Expansive Relationship with Brazil’s Defense Sector

Spain wants to broaden the "intense" economic and political relationship it has with Brazil into the defense realm, the Iberian nation's defense minister told Efe here Tuesday. continue reading »

Latin America News:  Peru Inaugurates Two Solar Power Plants

President Ollanta Humala has inaugurated two solar power plants in the southern Peruvian regions of Tacna and Moquegua built by Spain's Solar Pack and Gestamp Solar. continue reading »

Bolivia Partners with Spanish Firms For Gas Plant

Bolivian state-owned energy company YPFB signed a contract with Sener Ingenieria y Sistemas SA and Ros Roca Indox Cryo Energy for the design and construction of a natural gas liquefaction plant. continue reading »

Mexico Gives $1.2 Billion Lifeline To Struggling Homebuilding Industry

The Mexican government has announced that it will be cover up to 30% of bad bank loans taken out by homebuilders and guaranteeing up to 50% of loans taken out by “healthy” homebuilders, in essence throwing them a $1.2 billion lifeline. continue reading »

Record High for Wall Street

Supported by the massive monetary stimulus of the Federal Reserve and a gradual recovery in the world's largest economy, the New York Stock Exchange's benchmark in continue reading »

Pemex’s Crude Output Up 1.6 percent

Mexican state-owned oil monopoly Petroleos Mexicanos said it produced an average of 2.56 million barrels of crude per day in January, a 1.6 percent increase over the same month of 2012. continue reading »

In Latin America News: Mexico Telecom Industry Grew 13.6% in 2012

In Latin America news Mexico's telecom industry posted its healthiest grow in four year. Mexican telecommunications grew by 13.6% last year due in great part to wireless and satellite television. continue reading »

Latin America News: Brazilian Economy Expected to Grow by 3.1% in 2013

Economists at Brazil's leading banks predict that Latin America's largest economy will grow by 3.1 percent in 2013, according to the results from the central bank's latest weekly survey. continue reading »

Latin America News: Brazil’s Telefonica Profits Rise

In Latin America business news Brazil's Telefonica posted a profit of 2.1 percent from a year ago. Telefonica is the country's wireless communication leader. continue reading »