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Latin America Business News

Spain’s Iberia Airlines to Cut Nearly 4,000 Jobs, Loses $1.14 Billion Over 4 Years

Spain’s Iberia Airlines to Cut Nearly 4,000 Jobs, Loses $1.14 Billion Over 4 Years

Spain's Iberia airlines said Tuesday it planned to eliminate 3,807 jobs, or 19 percent of its workforce, and urged labor unions to call off planned strikes. continue reading »

Mexican Environmentalists Protest Chinese Development Project in Cancun

Mexican Environmentalists Protest Chinese Development Project in Cancun

More than 100 community activists and members of environmental groups staged a protest against the Chinese-backed Dragon Mart commercial project in the Mexican Caribbean resort city of Cancun. continue reading »

30,000 Lead Contaminated Toys Seized at Puerto Rico Port

30,000 Lead Contaminated Toys Seized at Puerto Rico Port

U.S. Customs and Border Protection (CBP) officers and Consumer Product Safety Commission (CPSC) investigators have seized multiple shipments of nearly 30,000 toys imported into the port of San Juan, Puerto Rico, containing levels of lead that exceed legal limits. continue reading »

Melia Hotels of Spain Now Looking to Americas, Asia for Expansion

Melia Hotels of Spain Now Looking to Americas, Asia for Expansion

The Americas and Asia are the main engines of growth for Melia Hotels International, although the Spanish and European markets remain important also, the Spanish firm's vice president continue reading »

Latin America News: Colombian Government Suspends 4G Broadband Auction

Latin America News: Colombian Government Suspends 4G Broadband Auction

Colombia's government has suspended a scheduled auction of 4G mobile broadband service after learning about a potential merger deal involving two of the participants, Information Technologies and Communications Minister Diego Molano said. continue reading »

Spanish Companies Win Brazilian Highway Contract

Spanish Companies Win Brazilian Highway Contract

Spanish companies Acciona, Isolux Corsan and Copasa on Thursday signed contracts to build parts of a beltway around Sao Paulo, Brazil's largest city. continue reading »

Latin America News: Mexico’s Telmex Faces $52 Million Fine for Monopolistic Practices

Latin America News: Mexico’s Telmex Faces $52 Million Fine for Monopolistic Practices

Fixed-line giant Telmex faces a fine of 657 million pesos (some $52 million) for monopolistic practices, Mexico's Federal Competition Commission, or CFC, said Thursday. continue reading »

Nissan to Invest $220 Million in New Auto Plant in Mexico, 1,200 New Jobs to Be Created

Nissan to Invest $220 Million in New Auto Plant in Mexico, 1,200 New Jobs to Be Created

Jatco, a unit of Japanese automaker Nissan, said it planned to build a $220 million plant in western Mexico to manufacture 400,000 automobile transmissions annually. continue reading »

Latin America New: Spanish Investment in Region is “Secure”

Latin America New: Spanish Investment in Region is “Secure”

Spanish investment in Latin America "is secure" and is producing good results, Spain's secretary of state for International Cooperation and Ibero-America said here Wednesday. continue reading »

One Week After PEMEX Explosion Employees Return to Work

One Week After PEMEX Explosion Employees Return to Work

Thousands of employees of Mexican state-owned oil monopoly Petroleos Mexicanos returned to work Wednesday at the company's headquarters in this capital, where an explosion last week left 37 dead and more than 100 injured. continue reading »