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Latin America Business News

Colombia, Chile, Mexico and Peru Sign Historic Trade Agreement

Colombia, Chile, Mexico and Peru Sign Historic Trade Agreement

The presidents of the member nations of the Pacific Alliance on Monday here signed an Additional Protocol to liberalize the exchange of goods, services and investments within the bloc. continue reading »

Puerto Rico Bonds Downgraded to Junk Status

Puerto Rico Bonds Downgraded to Junk Status

Ratings agency Standard & Poor's reduced its rating for Puerto Rico's general-obligation bonds to speculative, or junk, status. continue reading »

Puerto Rico Committed to Balanced Budget in Spite of $70 Billion Debt Load

Puerto Rico Committed to Balanced Budget in Spite of $70 Billion Debt Load

Facing the prospect of seeing its bonds downgraded to junk status, the Puerto Rican government announced Monday that it will move up by one year its commitment to eliminate the budget deficit and that in the coming weeks it will present a balanced budget for fiscal year 2015. continue reading »

Puerto Rican Entrepreneur Launches First Online Site for Local Designers

Puerto Rican Entrepreneur Launches First Online Site for Local Designers

Puerto Rican businesswoman Melissa Jimenez is the creator of the online store Merodea.me, the first fashion Web site selling clothing from local designers and which is helping push the careers of the fashion designers on the island. continue reading »

Qatari Company Acquires Shell’s Stake in Brazilian Offshore Field

Qatari Company Acquires Shell’s Stake in Brazilian Offshore Field

The Brazilian unit of Anglo-Dutch oil supermajor Shell said Wednesday it was selling its 23 percent stake in Brazil's Parque das Conchas offshore field to Qatar Petroleum International for about $1 billion. continue reading »

Pemex Gives Flotel Contracts to Spanish Shipyards

Pemex Gives Flotel Contracts to Spanish Shipyards

State-owned oil giant Petroleos Mexicanos, or Pemex, said it awarded contracts to build two floating hotels to house workers to Spanish shipyards Barreras and Navantia. continue reading »

Mexico’s Trade Deficit Surges to $1 BN in 2013

Mexico’s Trade Deficit Surges to $1 BN in 2013

Mexico posted a trade deficit of $1 billion in 2013, well above the deficit of $46 million registered in the prior year, the National Institute of Statistics and Geography, or INEGI, said Monday. continue reading »

Delegation Of Mexican Senators Visit Iran, To Explore Expanding Relationship

Delegation Of Mexican Senators Visit Iran, To Explore Expanding Relationship

A delegation of six Mexican senators is visiting Iran with the goal of tightening links in the industrial, energy, cultural and political areas. continue reading »

Mexican Tax Hike Reminds Retailers of Mexican Shopper, Border Policies Importance

Mexican Tax Hike Reminds Retailers of Mexican Shopper, Border Policies Importance

The Mexican Congress this fall increased its country’s border region sales tax rate from 11 percent to 16 percent, a reform that will bring the border region into alignment with the rest of the country beginning New Year’s Day. As a result, it has put its northern retailers at a distinct disadvantage as they struggle to compete with their northern neighbors. continue reading »

STUDY:  Gender Inequalities Persist in Latin America

STUDY:  Gender Inequalities Persist in Latin America

The greater incorporation of women into the working world in recent decades in Latin America has not gone hand in hand with a reduction in the gaps with men in terms of pay and opportunity, according to a U.N. study released Monday. continue reading »