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Tag Results for "Latin American Business News"

Spanish Companies Win Brazilian Highway Contract

Spanish companies Acciona, Isolux Corsan and Copasa on Thursday signed contracts to build parts of a beltway around Sao Paulo, Brazil's largest city. continue reading »

Latin America News: Brazil’s Petrobras Profit Decline 36 Percent

State-controlled oil giant Petrobras said it posted net income of 21.18 billion reais ($10.61 billion) in 2012, down 36 percent from the prior year. continue reading »

U.S. and Mexico Tomato Trade Wars Appear Over

The United States and Mexico have reached an agreement in principle on terms for imports of Mexican tomatoes, preventing the trade war feared in the wake of Washington's decision last year to suspend a 1996 bilateral accord. continue reading »

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 »

Banco Santander’s Emilio Botin Says He’s Only Looking to Buy in Brazil, Not Sell

Banco Santander chairman Emilio Botin denied Tuesday that he is selling his company's assets in Brazil and said his bank is only interested in "buying" in the continue reading »

Spainish Companies’ Investment in U.S. Up More Than 300% Since 2006

Investment by Spanish companies in the United States has more than tripled since 2006 to $50 billion, Washington's envoy to Spain said here Thursday. Ambassador Alan D. Solomont also took the opportunity to e continue reading »

Spanish Prime Minister Urges Germany to Adopt Stiumlus

Germany and the other creditor nations in the Eurozone should take action to stimulate economic growth, Spanish Prime Minister Mariano Rajoy said in an interview with Britain's Financial Times. continue reading »

Prince Felipe: Now is the Time to Invest in Spain

Crown Prince Felipe told international investors on Tuesday that now is the "best time" to take advantage of business opportunities that are opening up in Spain as the Iberian nation adopts the necessary measures to resume growing economically. continue reading »

Trumps to Build Residential Tower in Uruguay for $100 Million

Two offspring of Donald Trump launched Tuesday in Punta del Este a $100-million building development with which the U.S. magnate plans to mark "a before and after" of the famous Uruguayan seaside resort. continue reading »

Japan’s Kirin Beer Expected to Expand Its Presence in Brazil

The Brazilian unit of Japan's Kirin wants to increase its market share in this South American country via organic growth of its brands, such as Devassa beer, company executives said. 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 »

Pacific Rubiales Reaches Daily Production Goal of 280,000 Barrels in Colombia

Canadian oil company Pacific Rubiales Energy said Wednesday it has reached its 2012 production target of 280,000-285,000 barrels of crude per day in Colombia despite licensing delays. continue reading »

Donald Trump to Build Trump Towers Complex in Rio de Janeiro

U.S. magnate Donald Trump will invest in the construction of a residential and office complex in the run-down port zone of Brazil's second-largest city, his business conglomerate announced Tuesday. continue reading »

Iberia Eliminates Havana-Madrid Route, Businessmen Plead to Reverse Decision

The association representing the more than 360 Spanish firms with operations in Cuba asked Iberia airline and Spain's government Tuesday for the carrier to reverse its decision to eliminate service between Havana and Madrid. continue reading »

“IPHONE” Launched in Brazil, Manufacturer Says He Owns Name

The Brazilian electronics manufacturer IGB Eletronica on Tuesday launched a line of smartphones it is calling the "IPHONE," claiming that it owns the intellectual property rights to that name in this country. continue reading »

Colombia’s Ecopetrol to Invest $9.5 Billion in 2013

Colombian state oil company Ecopetrol announced plans to invest more than $9.5 billion in 2013 as it strives to boost output to 1 million barrels per day by 2015. continue reading »

Brazilian Insurance Group Acquires Portuguese Hospitals

Amil Participacoes SA, Brazil's largest health insurer, has announced the acquisition of Hospitais Privados de Portugal, or HPP, for 85.6 million euros ($109.7 million). continue reading »

Oil Firm Plans to Invest $3 Billion in Southern Argentina

Argentine oil company YPF, under state control after a 51 percent stake was expropriated from Spain's Repsol, said it plans to invest $3.1 billion over the next five years in the southern province of Santa Cruz. continue reading »

Apple Denied an Injunction in Mexico Against iFone

A judge has denied U.S. technology giant Apple an injunction that would have allowed it to continue selling iPhone-branded products in Mexico, ruling that the company iFone had the rights to that brand name earlier, an attorney for the Mexican firm told Efe. continue reading »

Pemex Up $2.45 Billion Since Beginning of 2012

State-owned oil giant Petroleos Mexicanos, or Pemex, said it posted a net profit of 31.9 billion pesos (about $2.45 billion) in the first nine months of this year, marking a turnaround from the loss posted in the same period in 2011. continue reading »