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Latin America Business News

Court Urges Argentina and Its Creditors to Reach Debt Agreement

Court Urges Argentina and Its Creditors to Reach Debt Agreement

A U.S. federal judge said here Tuesday that Argentina and creditors who boycotted Buenos Aires' debt restructurings must negotiate "continuously until a settlement is reached" to avoid another default. continue reading »

Mexican President Enacts Sweeping Telecom Reform Laws

Mexican President Enacts Sweeping Telecom Reform Laws

President Enrique Peña Nieto on Monday signed into law the telecommunications reform legislation approved last week by Mexico's Congress. continue reading »

Mexico Oil Revenue Decline First Half of 2014

Mexico Oil Revenue Decline First Half of 2014

Mexico's oil revenues totaled 491.04 billion pesos ($37.8 billion) in the January-May 2014 period, down 0.50 percent from the same period last year, the Finance Secretariat said. continue reading »

Mexico’s Economic Activity Increase Slightly in April

Mexico’s Economic Activity Increase Slightly in April

Mexico's Global Economic Activity Index, or IGAE, rose 0.50 percent in April, compared to the same month last year, thanks to strength in the agricultural and service sectors, the National Statistics Institute, or INEGI, said Tuesday. continue reading »

U.S. Supreme Court Refuses to Hear Argentina’s Appeal on Bond Debt

U.S. Supreme Court Refuses to Hear Argentina’s Appeal on Bond Debt

The U.S. Supreme Court refused on Monday to hear the Argentine government's challenge to lower court rulings ordering Buenos Aires to pay $1.3 billion to a group of hedge funds led by New York-based Elliott Management Corp.'s NML Capital Ltd unit. continue reading »

Mexican Economy Sets Record for Auto Production and Exports

Mexican Economy Sets Record for Auto Production and Exports

Automobile production and exports hit a record level in the January-April period, rising 5.8 percent and 8.7 percent, respectively, compared to the first four months of 2013, the Mexican Automotive Industry Association, or AMIA, said. continue reading »

Immigrants Set $61.25 Billion in Remittances to Latin America in 2013

Immigrants Set $61.25 Billion in Remittances to Latin America in 2013

Emigrants remitted $61.25 billion to Latin America and the Caribbean in 2013, just about the same amount they had sent home the previous year but below the figure before the 2008 financial crisis, according to a report released on Tuesday. continue reading »

Mexico’s Economic Secretary Leads Trade Delegation to Cuba

Mexico’s Economic Secretary Leads Trade Delegation to Cuba

Mexican Economy Secretary Ildefonso Guajardo and several business leaders are visiting Cuba this week as part of an effort to expand trade in strategic areas, the Economy Secretariat said. continue reading »

Mexican Billionaire and Cemex CEO Lorenzo Zambrano Dies at 70

Mexican Billionaire and Cemex CEO Lorenzo Zambrano Dies at 70

Cemex chairman and CEO Lorenzo H. Zambrano died in Madrid, the company said. He was 70. continue reading »

Brazil’s Economic Forecast Revised Upward

Brazil’s Economic Forecast Revised Upward

Private sector analysts have revised their 2014 growth forecasts for Brazil's economy upward to 1.69 percent from 1.63 percent last week, the Central Bank said Monday. continue reading »