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Tag Results for "Latino Economics"

Brazil Taking Small Steps Towards Greater Equality

Brazil's traditionally high level of inequality fell slightly between 2009 and last year thanks to an 8.3 percent increase in workers' average income and a nearly 20 percent drop in the unemployment rate, according to a government study released Friday. continue reading »

Free Trade Will Strengthen LatAm’s Role in Global Economy, Says Mexican President-elect

Mexican President-elect Enrique Peña Nieto said in an interview published Sunday by Brazil's Epoca magazine that "free trade is the path for Latin America," where he will visit several countries during an upcoming tour. continue reading »

LatAm Hopes to Boost Regional Development by Focusing on Cultural Identities, Tradition

Latin American culture ministers are promoting an agenda based on strengthening their countries' identities and restoring their traditions as a fundamental element of regional development. continue reading »

Colombian Economy Surpasses Argentina as No. 2 Economy in South America

Colombia has moved ahead of Argentina to become South America's second-largest economy, the outgoing Colombian finance minister said Friday. continue reading »

Spanish Construction Company Claims Dominican Government Seized Assets

A Spanish construction company accused the Dominican government of seizing its assets and not complying with an international arbitration ruling requiring it to pay $45 million in compensation. continue reading »

Tax Breaks Stimulated Economic Growth in Brazil, More Measures Planned to Spur Growth

Brazil's economy expanded by 0.75 percent in June relative to the previous month as tax breaks stimulated growth, the central bank said Friday. continue reading »

Petrobras Discovers New Oil Deposit in Brazil

Brazilian state-controlled oil company Petrobras has announced the discovery of a new oil accumulation at a deep-water well off the country's northeast coast. continue reading »

Telefonica to Invest $980 M to Expand Presence, Services in Argentina

Spanish telecoms group Telefonica said Wednesday it will invest 4.5 billion pesos ($980.3 million) this year in Argentina, focusing those expenditures on network deployment, expansion of its subscriber base and the launch of new digital services. continue reading »

Argentina and Venezuela Form “Strategic” Oil Alliance

Argentine President Cristina Fernandez and Venezuelan counterpart Hugo Chavez signed an agreement in Brasilia forming a "strategic alliance" between their respective state oil companies, YPF and PDVSA. continue reading »

Chile Looks to Asia-Pacific For Lithium Investors

Chile's deputy mining secretary will travel in the coming days to Australia, Japan and South Korea in a bid to attract investors for an auction of contracts to develop the country's lithium reserves. continue reading »

Chile’s LAN Airlines, Brazil’s TAM Merger Creates LATAM Airlines Group

Chile's LAN Airlines and Brazil's TAM announced Friday they have completed the process of creating a single parent company, LATAM Airlines Group, Latin American's largest air carrier with a market value of more than $12.5 billion. continue reading »

Pemex Covers Expenses and Investments By Selling $1.75 Billion in Bonds Internationally

State-owned Petroleos Mexicanos, or Pemex, said it sold $1.75 billion worth of bonds on the international market, raising funds that will be used to cover operating expenses and investment. continue reading »

Mexico Joins Trans-Pacific Partnership Free Trade Negotiations

Mexico is officially joining the group of nine nations negotiating the Trans-Pacific Partnership, or TPP, an effort to create a free trade area spanning the Asia-Pacific region, the Malaysian government said Tuesday. continue reading »

Cuba’s Sugar Harvest Fell Short By 68,000 tons

The 2011-2012 sugar harvest in Cuba was 16 percent bigger than the year before, but the results were "modest" and "insufficient" following a disappointing growing season, government officials said. continue reading »

Spanish region and Mexico’s Pemex in Talks Over New Ship Deal

Talks between the northwestern Spanish region of Galicia and Mexican oil giant Pemex for the construction of several ships are "advancing" and a deal could be reached "soon," the head of the regional government, Alberto Nuñez Feijoo, said. continue reading »

Barrick Gold Hopes To Begin Production At Pascua Lama in 2013

Canada's Barrick Gold expects to finish earthworks construction this year at the Pascua Lama open-pit gold and silver mine project on the Argentine-Chilean border with a view to inaugurating production in 2013, an Argentine government official said. continue reading »

Spain’s Eosol Energy Aims to Build Major Solar Energy Project in Chile

Spain's Eosol Energy plans to build a $615.9 million solar energy project in Tocopilla, a town in northern Chile. The project will have generating capacity of 192.6 MW, the company said in an environmental impact statement. continue reading »

U.S. Wireless Operator to be Acquired by Carlos Slim’s America Movil

Regional wireless giant America Movil, controlled by Mexican multi-billionaire Carlos Slim, said Thursday it has agreed to acquire a 100 percent stake in U.S. wireless carrier Simple Mobile, Inc., a unit of T-Mobile USA. continue reading »

Mexico’s Pemex Denies $30 billion Accounting Fraud

Mexico's state-owned oil monopoly Petroleos Mexicanos has denied any accounting irregularity after a congressional oversight body said it had identified a possible $30 billion fraud. continue reading »

95% of Bananas from Dominican Republic Went to Europe in 2010

According to DR1, the Dominican Republic exported bananas to Europe for a total of US$198,000,000 in 2010, through the sale of 303,000 tons of bananas. continue reading »