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Brazil Will Finance Upgrade of Cuban Airports

Brazil will finance a project to expand and modernize Cuba's airports, state media on the Communist-ruled island said Tuesday. Brazil's development, industry and foreign trade minister, Fernando Pimentel, continue reading »

Small Business Loan Interest Rates Cut in Brazil

Brazilian President Dilma Rousseff announced here Monday a reduction in the interest rate on public loans for owners of small businesses from 8.0 percent to 5.0 percent. continue reading »

Anheuser-Busch InBev Present Offer for 50% Stake in Mexico’s Grupo Modelo

Anheuser-Busch InBev has launched a tender offer for the 50 percent stake it does not already own in Mexican brewer Grupo Modelo. In a filing with the Mexican stock exchange, Grupo Modelo continue reading »

Will Next World Trade Organization Head be Latin American?

The contest to succeed France's Pascal Lamy as head of the World Trade Organization has come down to a choice between the candidates from Brazil and Mexico, diplomats said here Thursday. continue reading »

Brazil Not Happy with McDonald’s ‘Happy Meals’, Fines Company

The Brazilian consumer protection agency, Procon, has fined fast-food chain McDonald’s $1.6 million for targeting its advertising toward children through their Happy Meal toys. continue reading »

Pemex Brings Cogeneration Power Plant Online in Mexico

Mexican state oil monopoly Petroleos Mexicanos said it has brought a cogeneration power plant online in the southeastern state of Tabasco, a facility it says is the largest of its kind in Latin America. continue reading »

$341 Million Expansion Planned for Mexico’s Coca-Cola Bottler

Mexico's Arca Continental, the second-largest Coca-Cola bottler in Latin America after Coca-Cola Femsa, announced that it plans to invest 4.2 billion pesos ($341 million) to drive t continue reading »

Anheuser-Busch Agrees to Divest Its Modelo Beer Business in U.S.

As part of a settlement agreement with the Department of Justice, Anheuser Busch (ABI) will divest itself of its Modelo beer business in the U.S. The U.S. District Court of Washington, D.C. must still approve the settlement agreement. continue reading »

Mexico Wants to “Deepen” Trade Relations with European Union

The Mexican government plans to "deepen" its trade relations with the European Union this year via negotiations set to start in a few months, Economy Secretary Ildefonso Guajardo said. continue reading »

Spanish CEO: Economy Will Emerge Healthier After Crisis

Spain will emerge from the current crisis with a much healthier economy, Spanish power giant Iberdrola's CEO, Jose Ignacio Sanchez Galan, said here Thursday during an event at Harvard University. continue reading »

MEXICO: Volaris Begins Using Fuel Efficient Airbus

Mexican discount carrier Volaris has started operating the first of 50 Airbus A320s equipped with wing tip fuel saving devices, known as "sharklets," that will allow it to reduce fuel use by up to 4 percent. continue reading »

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 »