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Latin America Business News

Alsea Acquires Full Ownership of Starbucks in Chile, Argentina

Alsea Acquires Full Ownership of Starbucks in Chile, Argentina

Mexican restaurant operator Alsea said Wednesday it was acquiring full ownership of the Starbucks Coffee businesses in Chile and Argentina for an undisclosed sum. continue reading »

Italian Tiremaker Pirelli to Invest $200M in Mexico Plant

Italian Tiremaker Pirelli to Invest $200M in Mexico Plant

The Mexican unit of Italian tiremaker Pirelli plans to invest $200 million at its plant in the central state of Guanajuato as part of its growth strategy, the Economy Secretariat said. continue reading »

Peru to Provide 2M People with Electricity Via Solar Panels

Peru to Provide 2M People with Electricity Via Solar Panels

The National Photovoltaic Household Electrification Program will benefit more than 2 million people in Peru, Energy and Mining Minister Jorge Merino said. The program will provide electricity to poor households using solar panels, Merino said. continue reading »

Mexico’s Carlos Slim Spends $40 Million to Bring Shazam to Latin America

Mexico’s Carlos Slim Spends $40 Million to Bring Shazam to Latin America

Mexican billionaire Carlos Slim's America Movil said in a securities filing that it acquired a 10.8 percent stake in Shazam Entertainment Limited. continue reading »

Spain and China Look for Ways to Expand Economic, Financial Relationship

Spain and China Look for Ways to Expand Economic, Financial Relationship

Spanish parliament speaker Jesus Posada and Chinese President Xi Jinping looked here Friday at ways to bolster bilateral relations. continue reading »

Lego and Mondelez to Invest $725 Million in Mexico

Lego and Mondelez to Invest $725 Million in Mexico

U.S.-based Mondelez International and Denmark's Lego plan to invest a total of $725 million in the northern state of Nuevo Leon, Mexican President Enrique Peña Nieto said. continue reading »

General Motors Investing $691 Million to Expand Mexico Operations

General Motors Investing $691 Million to Expand Mexico Operations

The Mexican unit of U.S. automaker General Motors said it planned to invest $691 million to expand its operations in Guanajuato, San Luis Potosi and other Mexico states. continue reading »

Mexico Puts Restrictions on U.S. Pig Imports Due to Porcine Virus

Mexico Puts Restrictions on U.S. Pig Imports Due to Porcine Virus

Imports of live hogs from the United States have been restricted and inspectors are working to detect any cases of porcine epidemic diarrhea, or PED, in Mexico, the Agriculture Secretariat said. continue reading »

Mexico’s Significant Presence at Paris’ Air Show

Mexico’s Significant Presence at Paris’ Air Show

The governor of the Mexican state of Queretaro said Monday that he planned to discuss seven aviation investment projects worth $150 million with different companies during the 2013 Paris Air Show. continue reading »

Mexico, China Wish to Speed Up Tequila Export Authorizations

Mexico, China Wish to Speed Up Tequila Export Authorizations

The Mexican and Chinese governments have formed a group tasked with speeding up authorization for exports of Mexican tequila to the Asian nation, officials here said Thursday. continue reading »