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Latin America Business News

President Warns Economy, Nat’l Security Will Suffer with Spending Cuts

President Warns Economy, Nat’l Security Will Suffer with Spending Cuts

President Barack Obama said Tuesday that the U.S. economy and national security will suffer if a set of automatic spending cuts takes effect later this week. continue reading »

In Latin America News: Mexico Telecom Industry Grew 13.6% in 2012

In Latin America News: Mexico Telecom Industry Grew 13.6% in 2012

In Latin America news Mexico's telecom industry posted its healthiest grow in four year. Mexican telecommunications grew by 13.6% last year due in great part to wireless and satellite television. continue reading »

Puerto Rico Airport Set to be Privately Managed Under 40-year Contract

Puerto Rico Airport Set to be Privately Managed Under 40-year Contract

The FAA has approved a controversial management plan for Puerto Rico airport which will make management private under a 40-year contract continue reading »

In Latin America News:  Costa Rica Constructing $96M Oil Terminal

In Latin America News:  Costa Rica Constructing $96M Oil Terminal

In Latin America news, Costa Rica is beginning the construction of a new $96 million oil terminal to handle larger oil tankers at the port. continue reading »

Ecuador Imposes Food Price Controls Despite Strong Business Opposition

Ecuador Imposes Food Price Controls Despite Strong Business Opposition

In Latin America news Ecuador President Rafael Correa has put price controls on numerous critical food products including milk and eggs and in spite of strong protest from local businesses continue reading »

Latin America News: Brazilian Economy Expected to Grow by 3.1% in 2013

Latin America News: Brazilian Economy Expected to Grow by 3.1% in 2013

Economists at Brazil's leading banks predict that Latin America's largest economy will grow by 3.1 percent in 2013, according to the results from the central bank's latest weekly survey. continue reading »

Latin America News: Brazil’s Telefonica Profits Rise

Latin America News: Brazil’s Telefonica Profits Rise

In Latin America business news Brazil's Telefonica posted a profit of 2.1 percent from a year ago. Telefonica is the country's wireless communication leader. continue reading »

Dozens of Brazilian Ports Shut Down as a Result of Strike

Dozens of Brazilian Ports Shut Down as a Result of Strike

A strike to protest the Brazilian government's plan to privatize several ports shut down at least 36 terminals for six hours on Friday, union spokespersons said. continue reading »

Walmart Saw $17 Billion Profit in 2012

Walmart Saw $17 Billion Profit in 2012

Walmart Stores, Inc., the world's largest retailer, said Thursday it posted income from continuing operations of $17 billion in the fiscal year ended Jan. 31, up 7.8 percent from the comparable prior period, thanks to higher sales and lower financing costs. continue reading »

Brazil and Russia Sign Deals to Increase Bilateral Trade

Brazil and Russia Sign Deals to Increase Bilateral Trade

Brazil and Russia signed a series of agreements Wednesday aimed at increasing annual trade flows between two of the world's largest emerging economies from $5.9 billion to at least $10 billion in the coming years. continue reading »