Latin America Business News
Spanish Utlity Company Sells 32 Wind Farms in France
January 2, 2013 | by HS News Staff
Spanish utility company Iberdrola said Monday it sold 32 wind farms in France to U.S.-based General Electric, Meag and France's EDF for 400 million euros (nearly $528 million). continue reading »
Cuba’s New Tax Law Takes Effect - Intended to Improve “Economic Conditions”
January 1, 2013 | by HS News Staff
Cuba enacted this Jan. 1 a new Tax Law to continue the government's "modernization" of socialism with economic reforms that revamp the tax culture of a country where taxes have continue reading »
Financially Ailing Mexico Gets Boost From Hotel Industry
December 31, 2012 | by HS News Staff
The Mexican Pacific resort city of Acapulco, which is experiencing a severe financial crisis, is getting a boost from the hotel industry, which reported an occupancy rate of 97 percent, continue reading »
Bolivian Government Takes Over 4 Spanish-owned Firms
December 29, 2012 | by HS News Staff
President Evo Morales announced Saturday the nationalization of four Bolivian units of Spanish utility Iberdrola, including the main electricity distributors in La Paz and Oruro provinces. continue reading »
Mexican Left Question Chinese-backed Commercial Project in Cancun
December 28, 2012 | by HS News Staff
Leftist lawmakers have joined forces with business leaders in demanding that officials not issue building permits for a vast Chinese-backed commercial project in the Mexican Caribbean resort city of Cancun. continue reading »
Latin America News: Brazilian Set for 3rd Nuclear Power Plant
December 28, 2012 | by HS News Staff
Brazilian state-owned utility Eletrobras said Thursday that it secured an additional 3.8 billion reais ($1.85 billion) in financing for its third nuclear-power plant, Angra 3. continue reading »
Argentina’s Rainy Season Could Affect Global Grain Prices
December 27, 2012 | by Voice of America
Christmas rainstorms in Argentina further delayed soy and corn planting, keeping markets guessing about whether the grains powerhouse can produce enough this season to help bring high-flying global food prices down to earth. continue reading »
Latin America News: Regions Economy Performed Strongly in 2012 but Face Challenges
December 27, 2012 | by HS News Staff
The economies of Latin America and the Caribbean have performed strongly in the face of a challenging external environment, Inter-American Development Bank President Luis Alberto Moreno said, but the region needs to continue to pursue key reforms to ensure growth in the future. continue reading »
Spain’s Bankia Bank has Value of -$5.49 Billion
December 26, 2012 | by HS News Staff
Bankia, which was nationalized in May at its own request, has a negative value of 4.148 billion euros ($5.49 billion), Spain's state-backed FROB bank restructuring fund said Wednesday. continue reading »
Spain’s Luxury Goods and Services Sector Up 15 Percent from 2011
December 25, 2012 | by HS News Staff
Spanish firms offering luxury goods and services will end the year with total sales of 4.79 billion euros ($6.3 billion), up 15 percent over 2011. continue reading »
