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Latin America Business News

Property Taxes on ‘Luxury’ Homes in Costa Rica Increase 10-Fold

Property Taxes on ‘Luxury’ Homes in Costa Rica Increase 10-Fold

The Ministry of Hacienda Tax in Costa Rica has readjusted the property values of ‘luxury’ homes therefore increasing real estate taxes ten-fold. continue reading »

Brazilian Government OKs Power Line Run by Spanish Firm

Brazilian Government OKs Power Line Run by Spanish Firm

Brazil's environmental protection agency said it has granted Spanish company Isolux Energia a license to operate a power transmission line between the southeastern states of Sao Paulo and Rio de Janeiro. continue reading »

Mexico Continues Bribery Investigation of Walmart

Mexico Continues Bribery Investigation of Walmart

The Mexican unit of U.S.-based retail giant Wal-Mart Stores Inc. said in a statement that it has provided information regarding the corruption allegations it faces and reiterated its pledge to continue cooperating with Mexican authorities. continue reading »

Spanish PM Rajoy Announces Spanish-Algerian Business Summit for March

Spanish PM Rajoy Announces Spanish-Algerian Business Summit for March

Spanish Prime Minister Mariano Rajoy announced Thursday that business leaders from his country and Algeria will gather here in March for a summit to explore investment opportunities. continue reading »

Mexico’s Auto Production up 12.8% in 2012

Mexico’s Auto Production up 12.8% in 2012

Mexico's production of motor vehicles grew 12.8 percent last year to a record 2.88 million units as exports increased 9.9 percent to 2.35 million, also a new high, the AMIA industry association said Thursday. The strength of the export sector compensated for slow sales at home, AMIA said. continue reading »

$210M Increase in Small Business Lending at Illinois Institutions Receiving Capital through SBLF

$210M Increase in Small Business Lending at Illinois Institutions Receiving Capital through SBLF

The U.S. Department of the Treasury yesterday released a new report showing that Illinois institutions receiving capital through the Small Business Lending Fund (SBLF) c continue reading »

Spain’s Repsol Begins Oil Production at “Megafield” in Brazil

Spain’s Repsol Begins Oil Production at “Megafield” in Brazil

Spanish oil major Repsol has begun commercial production at the pre-salt Sapinhoa "megafield" after connecting a producing well to an FPSO with the capacity to extract 120,000 barrels of oil per day. continue reading »

Spain and France Connect via High-Speed Rail

Spain and France Connect via High-Speed Rail

Spain inaugurated on Tuesday a rail line from Barcelona to the French border that completes the process of linking the two nations' high-speed passenger rail services. continue reading »

ICE Cracks Massive International Cyber-Theft Ring, Responsible for $100M in Losses

ICE Cracks Massive International Cyber-Theft Ring, Responsible for $100M in Losses

A Chinese national pleaded guilty late yesterday to conspiracy to commit criminal copyright infringement and wire fraud. The individual operated a website used to distribute more than $100 million worth of pirated continue reading »

World’s Tech Spending Expected to Grow 4% in 2013

World’s Tech Spending Expected to Grow 4% in 2013

Worldwide expenditure on technological products will reach $1.1 trillion this year, 4 percent more than in 2012, thanks to the demand for tablet computers and smartphones, according to a report from the U.S. Consumer Electronics Association. continue reading »