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Chevron Pays $17 Million Fine for Oil Spill in Brazil

U.S. oil supermajor Chevron Corp. said it has paid the 35.1 million reais ($17 million) fine imposed by Brazil's ANP regulator for an oil spill last November. continue reading »

Argentina Seeks Energy Partnership with China

Argentina's planning minister sought Thursday to attract Chinese interest in his country's ambitious energy program, which includes plans to build a large hydroelectric complex in 2013 and two nuclear reactors. continue reading »

Latin American Women-Owned Businesses Get a Boost with $55 Million in Financing

The Inter-American Development Bank (IDB) and the Multilateral Investment Fund (MIF), will provide up to $55 million to help financial intermediaries in Latin America and the Caribbean implement lending models that support growth in women’s businesses. continue reading »

Brazil Demands Suspension of Twitter Accounts Warning of “Blitzes”

The Federal Attorney’s Office of Brazil has filed a lawsuit against Twitter Inc. demanding that the state of Goias block all Twitter accounts that warn of traffic control points, also known as ‘blitzes.’ continue reading »

Discarded Waste from Tropical Fruit Acai to Supply Power Plants in Brazil

A $2 million pilot project backed by the IDB’s Multilateral Investment Fund will help poor families in northern Brazil become biomass suppliers to power plants by using waste from açai, a tropical fruit. continue reading »

Residental Mortgage Lending in Latin America Gets Boost from International Lenders

La Hipotecaria will get a financial package of approximately $20 million from the Inter-American Development Bank (IDB) to boost residential mortgage financing to low- and middle-income individuals in El Salvador, Panama and Colombia. continue reading »

Peru’s Petroperu to be Operating in Venezuela to Help Develop Hydrocarbons

Peruvian state oil company Petroperu will be one of the oil companies operating in Venezuela's Orinoco Belt, President Hugo Chavez said. continue reading »

Anheuser Busch in Latin America Shows Solid Growth and Market Share Expansion

Anheuser-Busch InBev, the world’s largest brewer boosted its revenues in Latin America by 27.8 percent to $12.2 billion according to its recently released financial statements. continue reading »