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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 »

Bolivia Says No Need to Fear Nationalization, Only Those Who Steal from Us Should Fear

Bolivia President Evo Morales wants to assure potential and current investors not to fear nationalization of their businesses in the country. This statement came after Spanish-firm managing the country's airports was taken over. continue reading »

Spanish Wine Makers Looking to Expand into Mexican Market

A total of 47 Spanish wine producers participated in the 7th Wines of Spain Exhibition held on Tuesday in this capital, an event designed to allow local sector professionals to get to know brands continue reading »

Spain to Devote $4.67 Billion for Job Creation Over Next 4 Years

Spain will devote 3.5 billion euros ($4.67 billion) over the next four years toward efforts to expand economic opportunities for young people and encourage self-employment, the government said Thursday. continue reading »

Brazil Rejects Apple’s Bid to Register iPhone Name in Country, Already Belongs to Someone

Apple has filed a challenge with Brazil's INPI trademark and patent office in a bid to secure the right to sell smartphones with the iPhone name in the giant South American country. continue reading »

Eurocopter Celebrates 30-Years In Mexico by Investing $550 Million for Expanded Operations

Eurocopter plans to invest up to $550 million in Mexico over the next few years, the European aviation company's president and CEO, Lutz Bertling, said. continue reading »

Billionaire Buddies Carlos Slim and Bill Gates in Mexico to Inaugurate New Bioscience Center

Bill Gates and Carlos Slim, who control the world's two largest fortunes, inaugurated a bioscience center in Mexico that will conduct research to improve wheat and corn seeds to fight hunger. continue reading »

Spain’s King Juan Carlos Meet with Latin American Leaders

Spain's King Juan Carlos met on Tuesday with a former Chilean president, Mexico's erstwhile top diplomat and the head of the Ibero-American Summit organization to discuss ways to make the annual gatherings more effective. continue reading »

Spain’s Iberia Airlines to Cut Nearly 4,000 Jobs, Loses $1.14 Billion Over 4 Years

Spain's Iberia airlines said Tuesday it planned to eliminate 3,807 jobs, or 19 percent of its workforce, and urged labor unions to call off planned strikes. continue reading »

Latin America News: Colombian Government Suspends 4G Broadband Auction

Colombia's government has suspended a scheduled auction of 4G mobile broadband service after learning about a potential merger deal involving two of the participants, Information Technologies and Communications Minister Diego Molano said. continue reading »