Latin America Business News
Acapulco Has Repaid Debt, Allowed to Borrow Again
January 23, 2013 | by HS News Staff
The world famous Mexican Pacific resort city of Acapulco has repaid the debt it owed a bank and will be able to resume borrowing in the next few days, Mayor Luis Walton said. continue reading »
Mexico’s Public Debt Equal to 36% of Its GDP, Allowed to Borrow $7B on Foreign Markets
January 23, 2013 | by HS News Staff
Mexico's total public debt is at 35.8 percent of the gross domestic product, the Finance Secretariat said. continue reading »
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Spain’s Economy Contract 1.3%, Unemployment Hovers Around 26%
January 23, 2013 | by HS News Staff
The Spanish economy contracted 1.3 percent in 2012, with the recession intensifying in the last quarter of the year and the gross domestic product falling 0.60 percent, compared to the previous quarter, while the unemployment rate neared 26 percent, the Bank of Spain said Wednesday. continue reading »
Banco Santander’s Emilio Botin Says He’s Only Looking to Buy in Brazil, Not Sell
January 22, 2013 | by HS News Staff
Banco Santander chairman Emilio Botin denied Tuesday that he is selling his company's assets in Brazil and said his bank is only interested in "buying" in the continue reading »
Latin America News: Peru Peasants Protest Canadian Mining Project
January 22, 2013 | by HS News Staff
More than 200 peasants staged a protest against Canadian mining firm Candente Copper and blocked roadways in Cañaris, a district in northern Peru, to demand that the company cease activities in the zone, police said. continue reading »
Spain Did Not Meet 2012 Deficit Goals EC Assumes
January 22, 2013 | by HS News Staff
The European Commission said in a report issued Tuesday that it was assuming that Spain did not achieve the goal of reducing its public-sector deficit to less than 6.3 percent of the gross domestic product in 2012. continue reading »
Carlos Slim’s America Movil to Buy CIE Media
January 21, 2013 | by HS News Staff
Mexico City-based wireless giant America Movil has agreed to buy the media and advertising division of Corporacion Interamericana de Entretenimiento for nearly 1.7 billion pesos ($132 million), CIE said Monday. continue reading »
Spain: Prime Minister Orders Audit of Popular Party’s Accounts
January 21, 2013 | by HS News Staff
Spanish Prime Minister Mariano Rajoy said Monday he has commissioned an external audit of the governing Popular Party's accounts, an inspection that will complement a forthcoming internal audit. continue reading »
Latin America News: Mexican Sugar Growers Protest, Want Lower Priced Imports
January 21, 2013 | by HS News Staff
Mexican sugar growers occupied sugar warehouses across the country Monday to demand a reduction in fructose imports, the CNC peasant confederation said. continue reading »
Adsmovil and RedMas Merger Creates Largest Mobile Ad Network in the Americas
January 18, 2013 | by HS News Staff
The Cisneros Group of Companies today announced the creation of the largest mobile ad network serving the Americas by merging the mobile business of RedMas, Cisneros' digital media unit continue reading »
