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Latin America Business News

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 »

Mexico’s PEMEX and MexiChem Form Joint Venture Valued at $556 Million

Mexico’s PEMEX and MexiChem Form Joint Venture Valued at $556 Million

State oil monopoly Petroleos Mexicanos' board of directors has approved a joint venture with private Mexican petrochemical company Mexichem that involves capital injection and asset integration totaling $556 million. continue reading »

Spainish Companies’ Investment in U.S. Up More Than 300% Since 2006

Spainish Companies’ Investment in U.S. Up More Than 300% Since 2006

Investment by Spanish companies in the United States has more than tripled since 2006 to $50 billion, Washington's envoy to Spain said here Thursday. Ambassador Alan D. Solomont also took the opportunity to e continue reading »

Puerto Rico Gov. Garcia Padilla Remains Committed to Creating 50,000 New Jobs

Puerto Rico Gov. Garcia Padilla Remains Committed to Creating 50,000 New Jobs

Puerto Rico Gov. Alejandro Garcia Padilla reiterated his commitment to create 50,000 new jobs in the next 18 months. continue reading »

New Energy Grid Will Eliminate Electricity Rationing in Brazil

New Energy Grid Will Eliminate Electricity Rationing in Brazil

Brazil's MPX Energia power company, controlled by billionaire Eike Batista, will soon add 680 MW to Brazil's energy grid with two new thermoelectric power plants and allow the government to avoid electricity rationing, the magnate said. continue reading »

Latin America News:  Ecuador Oil Production Increases by Nearly 3 Percent

Latin America News:  Ecuador Oil Production Increases by Nearly 3 Percent

Ecuador increased its oil production by 2.9 percent in the third quarter of 2012, compared to the same period a year earlier, to an average of 508,800 barrels per day (bpd), the Central Bank said. continue reading »

Pemex Prepares to Lay Off 15,000 in Mexico

Pemex Prepares to Lay Off 15,000 in Mexico

State-owned oil giant Petroleos Mexicanos, or Pemex, plans to cut at least 15,000 jobs as part of a reorganization, press reports said. continue reading »