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Latin America Business News

Investors to Bid on Power Projects in Mexico Valued at $4.9 Billion

Investors to Bid on Power Projects in Mexico Valued at $4.9 Billion

Investors can now bid on 16 power projects expected to draw about $4.9 billion in investment, the Mexican Federal Electricity Commission, or CFE, said. continue reading »

Mexico’s PEMEX Looks to Foreign Alliances

Mexico’s PEMEX Looks to Foreign Alliances

State-owned oil giant Petroleos Mexicanos, or Pemex, has had contacts with about 80 foreign energy companies about possible oil exploration and production partnerships, media reports said. continue reading »

Mexico City to Get First High-Speed Train in Latin America

Mexico City to Get First High-Speed Train in Latin America

The high-speed Mexico City-Queretaro train, which will cover the 210-kilometer (130-mile) route at a speed of 300 kph (186 mph), will be the first of its kind in Latin America, the Communications and Transportation Secretariat said. continue reading »

PEMEX Reports Lower Trade Surplus

PEMEX Reports Lower Trade Surplus

Mexican state-owned oil company Petroleos Mexicanos posted an $8.2 billion trade surplus in the first half of 2014, down 20.42 percent from the same period of last year. continue reading »

Argentina Pays $642 Million on Foreign Debt

Argentina Pays $642 Million on Foreign Debt

Argentina on Monday made an initial payment of $642 million to the wealthy nations of the Paris Club, as per the debt refinancing agreement with that entity signed last May, authorities said. continue reading »

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 »