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Latin America Business News

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 »

inPERU Road Show arrives in Chicago to Highlight Opportunities in Peru

inPERU Road Show arrives in Chicago to Highlight Opportunities in Peru

Fresh off of successful road shows in London and Hong Kong, inPERU, a non-profit association made up of government and financial entities whose main goal is to promote investment opportunities in Peru, continues its U.S. tour. On Wednesday, Jan. 30, the inPERU Road Show arrives in Chicago for its second stop in its US three-city tour – including stops in New York City and San Francisco continue reading »

Spanish Prime Minister Urges Germany to Adopt Stiumlus

Spanish Prime Minister Urges Germany to Adopt Stiumlus

Germany and the other creditor nations in the Eurozone should take action to stimulate economic growth, Spanish Prime Minister Mariano Rajoy said in an interview with Britain's Financial Times. continue reading »

Prince Felipe: Now is the Time to Invest in Spain

Prince Felipe: Now is the Time to Invest in Spain

Crown Prince Felipe told international investors on Tuesday that now is the "best time" to take advantage of business opportunities that are opening up in Spain as the Iberian nation adopts the necessary measures to resume growing economically. continue reading »

Trumps to Build Residential Tower in Uruguay for $100 Million

Trumps to Build Residential Tower in Uruguay for $100 Million

Two offspring of Donald Trump launched Tuesday in Punta del Este a $100-million building development with which the U.S. magnate plans to mark "a before and after" of the famous Uruguayan seaside resort. continue reading »

Spanish Retailer Mango Closing Its Last Store in Brazil

Spanish Retailer Mango Closing Its Last Store in Brazil

The closure of the last store operated by the Spanish fashion firm Mango in Brazil, scheduled for next week, is a "fact," continue reading »