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Latin America Business News

Brazilian Oil Giant Petrobras Sells Stake in Gulf of Mexico Exploratory Blocks

Brazilian Oil Giant Petrobras Sells Stake in Gulf of Mexico Exploratory Blocks

Brazilian state-controlled oil giant Petrobras said it has sold its 20 percent stake in six exploratory blocks in the U.S. Gulf of Mexico. In a regulatory filing, Petrobras said it signed a sale and purchase agreement for the divestment continue reading »

World’s Largest Glassmaker, Mexico’s Vitro, Plans $146M Investment

World’s Largest Glassmaker, Mexico’s Vitro, Plans $146M Investment

Mexico's Vitro, one of the world's largest glassmakers, said it planned to invest 1.77 billion pesos ($146 million) in different projects this year. "The authorized amount represents an increase continue reading »

Will Next World Trade Organization Head be Latin American?

Will Next World Trade Organization Head be Latin American?

The contest to succeed France's Pascal Lamy as head of the World Trade Organization has come down to a choice between the candidates from Brazil and Mexico, diplomats said here Thursday. continue reading »

Federal Court OK’s Offer for Merger Between Grupo Modelo and Anehuser-Busch

Federal Court OK’s Offer for Merger Between Grupo Modelo and Anehuser-Busch

A U.S. federal judge has approved a settlement proposed by the Department of Justice in the merger between Mexico's Grupo Modelo and Belgium's Anheuser-Busch InBev, the companies said. continue reading »

Pemex Brings Cogeneration Power Plant Online in Mexico

Pemex Brings Cogeneration Power Plant Online in Mexico

Mexican state oil monopoly Petroleos Mexicanos said it has brought a cogeneration power plant online in the southeastern state of Tabasco, a facility it says is the largest of its kind in Latin America. continue reading »

$341 Million Expansion Planned for Mexico’s Coca-Cola Bottler

$341 Million Expansion Planned for Mexico’s Coca-Cola Bottler

Mexico's Arca Continental, the second-largest Coca-Cola bottler in Latin America after Coca-Cola Femsa, announced that it plans to invest 4.2 billion pesos ($341 million) to drive t continue reading »

Anheuser-Busch Agrees to Divest Its Modelo Beer Business in U.S.

Anheuser-Busch Agrees to Divest Its Modelo Beer Business in U.S.

As part of a settlement agreement with the Department of Justice, Anheuser Busch (ABI) will divest itself of its Modelo beer business in the U.S. The U.S. District Court of Washington, D.C. must still approve the settlement agreement. continue reading »

Mexico Wants to “Deepen” Trade Relations with European Union

Mexico Wants to “Deepen” Trade Relations with European Union

The Mexican government plans to "deepen" its trade relations with the European Union this year via negotiations set to start in a few months, Economy Secretary Ildefonso Guajardo said. continue reading »

Movie Productions Pumps $20 Million into Puerto Rican Economy

Movie Productions Pumps $20 Million into Puerto Rican Economy

Currently underway in Puerto Rico are several movie productions that will pump some $20 million into the local economy, the executive director of the state-run Puerto Rico Film Commission, Demetrio Fernandez, said. continue reading »

Nestle Selling Infant Nutrition Business in Mexico

Nestle Selling Infant Nutrition Business in Mexico

Swiss food giant Nestle will sell the infant nutrition business it acquired as part of the purchase of U.S.-based pharmaceutical giant Pfizer's global infant nutrition unit, the Federal Competition Commission, or CFC, said Monday. continue reading »