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Latin America Business News

Banco Santander’s Emilio Botin Says He’s Only Looking to Buy in Brazil, Not Sell

Banco Santander’s Emilio Botin Says He’s Only Looking to Buy in Brazil, Not Sell

Banco Santander chairman Emilio Botin denied Tuesday that he is selling his company's assets in Brazil and said his bank is only interested in "buying" in the continue reading »

Latin America News: Peru Peasants Protest Canadian Mining Project

Latin America News: Peru Peasants Protest Canadian Mining Project

More than 200 peasants staged a protest against Canadian mining firm Candente Copper and blocked roadways in CaƱaris, a district in northern Peru, to demand that the company cease activities in the zone, police said. continue reading »

Spain Did Not Meet 2012 Deficit Goals EC Assumes

Spain Did Not Meet 2012 Deficit Goals EC Assumes

The European Commission said in a report issued Tuesday that it was assuming that Spain did not achieve the goal of reducing its public-sector deficit to less than 6.3 percent of the gross domestic product in 2012. continue reading »

Carlos Slim’s America Movil to Buy CIE Media

Carlos Slim’s America Movil to Buy CIE Media

Mexico City-based wireless giant America Movil has agreed to buy the media and advertising division of Corporacion Interamericana de Entretenimiento for nearly 1.7 billion pesos ($132 million), CIE said Monday. continue reading »

Spain: Prime Minister Orders Audit of Popular Party’s Accounts

Spain: Prime Minister Orders Audit of Popular Party’s Accounts

Spanish Prime Minister Mariano Rajoy said Monday he has commissioned an external audit of the governing Popular Party's accounts, an inspection that will complement a forthcoming internal audit. continue reading »

Latin America News: Mexican Sugar Growers Protest, Want Lower Priced Imports

Latin America News: Mexican Sugar Growers Protest, Want Lower Priced Imports

Mexican sugar growers occupied sugar warehouses across the country Monday to demand a reduction in fructose imports, the CNC peasant confederation said. continue reading »

Adsmovil and RedMas Merger Creates Largest Mobile Ad Network in the Americas

Adsmovil and RedMas Merger Creates Largest Mobile Ad Network in the Americas

The Cisneros Group of Companies today announced the creation of the largest mobile ad network serving the Americas by merging the mobile business of RedMas, Cisneros' digital media unit continue reading »

Spain’s Largest Banks Hit Record High for Bad Loans

Spain’s Largest Banks Hit Record High for Bad Loans

The proportion of non-performing loans held by Spain's large banks, regional savings banks, or "cajas," and other lending institutions hit a new record high of 11.38 percent in November. continue reading »

Latin America News: Colombian Rebels Kidnap Gold Mine Employees

Latin America News: Colombian Rebels Kidnap Gold Mine Employees

Colombia's ELN guerrilla group abducted five employees from a gold mine in the northern province of Bolivar, the armed forces commander said Friday. continue reading »

U.S. Economic Delegation Travels to Mexico

U.S. Economic Delegation Travels to Mexico

A U.S. delegation will travel to Mexico City, Mexico, January 22-24, 2013, to discuss further strengthening the U.S.-Mexico bilateral economic relationship and increasing trade and the creation of jobs in both countries. continue reading »