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Latin America Business News

Banorte Buys Spain’s Bancomer Retirement Business for $1.7 Billion

Banorte Buys Spain’s Bancomer Retirement Business for $1.7 Billion

In Latin America business news Grupo Financiero Banorte has completed the $1.7 billion acquisition for the retirement business of Spain's Bancomer continue reading »

Baxter International to Cut 400 Jobs in Puerto Rico

Baxter International to Cut 400 Jobs in Puerto Rico

The Puerto Rico unit of Baxter International Inc. plans to eliminate 400 jobs at its pharmaceutical production facility in Aibonito, the town's mayor said Friday. continue reading »

US Unemployment Rate Drops to 7.7 Percent in February 2013

US Unemployment Rate Drops to 7.7 Percent in February 2013

The U.S. unemployment rate fell two-tenths of a percent in February to 7.7 percent, as 236,000 net jobs were created, the Labor Department said Friday. Economists had been expecting the creation of just 157,000 net continue reading »

Mexico Looking to Expand Tourism Markets

Mexico Looking to Expand Tourism Markets

Mexican officials said at ITB Berlin, the world's largest tourism fair, that their strategy was to expand tourist markets and increase spending by visitors. continue reading »

Tecate Leaves Mexican Ad Agency for U.S. – Better Translation Services Cited

Tecate Leaves Mexican Ad Agency for U.S. – Better Translation Services Cited

Mexican beer Tecate, distributed exclusively by Heineken USA, has announced it is leaving its Mexican ad agency for an American choice so that it can receive a better translated product. continue reading »

Mexico Gives $1.2 Billion Lifeline To Struggling Homebuilding Industry

Mexico Gives $1.2 Billion Lifeline To Struggling Homebuilding Industry

The Mexican government has announced that it will be cover up to 30% of bad bank loans taken out by homebuilders and guaranteeing up to 50% of loans taken out by “healthy” homebuilders, in essence throwing them a $1.2 billion lifeline. continue reading »

Spain’s Repsol to Reduce Its Environmental Efforts in Ecuadorian Amazon

Spain’s Repsol to Reduce Its Environmental Efforts in Ecuadorian Amazon

Spanish oil major Repsol said Wednesday it plans to invest around $9 million this year in environmental prevention and remediation at the two blocks in operates in the Ecuadorian Amazon, a 10 percent drop relative to 2012. continue reading »

Mexico and New Zealand Leaders Celebrate 40 Years of Diplomatic Relations

Mexico and New Zealand Leaders Celebrate 40 Years of Diplomatic Relations

New Zealand Prime Minister John Key is the first head of state to pay a visit to Mexico's new President Enrique Peña Nieto. Key and the Mexican president discussed expanding trade between regions. continue reading »

Record High for Wall Street

Supported by the massive monetary stimulus of the Federal Reserve and a gradual recovery in the world's largest economy, the New York Stock Exchange's benchmark in continue reading »

Carlos Slim Tops Forbes Richest List Again, Spain’s Ortega Moves to 3rd

Carlos Slim Tops Forbes Richest List Again, Spain’s Ortega Moves to 3rd

Mexican mogul Carlos Slim topped the Forbes list of billionaires for the fourth year in a row, while Spanish clothing magnate Amancio Ortega vaulted ahead of U.S. inv continue reading »