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Latin America Business News

Brazil’s New Oil Refinery in 33 Years Slated to Open 2014

Brazil’s New Oil Refinery in 33 Years Slated to Open 2014

Brazilian President Dilma Rousseff vowed that a refinery in the northeastern state of Pernambuco initially conceived as a joint project with Venezuela will be completed. continue reading »

Russia Is Launching Mexico’s Communication Satellite

Russia Is Launching Mexico’s Communication Satellite

A Proton-M rocket is scheduled to put Mexico's Satmex-8 communications satellite into orbit on Tuesday, Russia's Roscosmos space agency said. continue reading »

Peru Wants Argentine Oil Company to Clean Up Contaminated Amazon Region

Peru Wants Argentine Oil Company to Clean Up Contaminated Amazon Region

Peru's government will require Argentine oil firm Pluspetrol to rehabilitate a contaminated area in the Amazonian region of Loreto, the Andean nation's environment minister said Monday. continue reading »

Carlos Slim Foundation Supports Campaign to Improve Digital Literacy

Carlos Slim Foundation Supports Campaign to Improve Digital Literacy

Eligible Households Will be Able to Access Discounted High-Speed Internet and Low-Cost Computers - Carlos Slim Foundation Supports Connect2Compete's National Campaign Launch to Increase continue reading »

Financial Crisis Averted: Cyprus Gets $13BN European Bailout

Financial Crisis Averted: Cyprus Gets $13BN European Bailout

Cyprus on Monday reached a bailout agreement with its Eurozone partners and the International Monetary Fund that protects small bank depositors while penalizing holders of large accounts and shrinking the banking system. continue reading »

America Movil Open to Discussing Olympic Broadcasting Rights in LatAm

America Movil Open to Discussing Olympic Broadcasting Rights in LatAm

America Movil is willing to negotiate with any company wishing to obtain rights to carry the 2014 and 2016 Olympic Games in Latin America, an executive said. continue reading »

PERU: Brazilian-Spanish Consortium to Build Hydroelectric Power Plant

PERU: Brazilian-Spanish Consortium to Build Hydroelectric Power Plant

A consortium made up of Spain's Corsan Corviam and Brazil's Engevix and Enex has been chosen to build a hydroelectric power station in southern Peru, officials said. The Andean nation's Private Investment Promotion Agency, or Proinversion, s continue reading »

Kia Motors Looking to Break Into Hispanic Market

Kia Motors Looking to Break Into Hispanic Market

South Korean automaker Kia, which has experienced spectacular growth in the United States during recent years, wants to become the preferred brand among North American Hispanics, the company executive told Efe. continue reading »

Spain’s Grupo BBVA to Invest $3.5 Billion in Mexico

Spain’s Grupo BBVA to Invest $3.5 Billion in Mexico

Grupo BBVA on Thursday unveiled a four-year, $3.5 billion investment plan for its Mexican unit, saying the funds would be used to modernize more than 1,700 bank branches nationwide and meet other objectives. continue reading »

Rio Continues to Progress Towards Becoming Tech Hub of Latin America

Rio Continues to Progress Towards Becoming Tech Hub of Latin America

The impending arrival of multinationals Siemens and Halliburton marks the emergence of Latin America's largest technological hub here in Brazil's second city, the head of the ambitious project said. continue reading »