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Latin America Business News

Spain’s King Juan Carlos Urges Brazil to Invest in Spain

Spain’s King Juan Carlos Urges Brazil to Invest in Spain

Boasting "one of the most open economies in the world," Spain is an ideal place for Brazilian firms to invest, King Juan Carlos said here Monday as he hosted a luncheon for Brazil's president continue reading »

IDB to Support Medium-size Companies in Latin America

IDB to Support Medium-size Companies in Latin America

The President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, announced that the Bank will provide financing and technical advice to medium-size enterprises in Latin America and the Caribbean seeking to establish or expand international operations. continue reading »

Oil Firm Plans to Invest $3 Billion in Southern Argentina

Oil Firm Plans to Invest $3 Billion in Southern Argentina

Argentine oil company YPF, under state control after a 51 percent stake was expropriated from Spain's Repsol, said it plans to invest $3.1 billion over the next five years in the southern province of Santa Cruz. continue reading »

Agreement Reached: BP to Pay $4.5 Billion for 2010 Oil Spill in Gulf of Mexico

Agreement Reached: BP to Pay $4.5 Billion for 2010 Oil Spill in Gulf of Mexico

BP Plc announced Thursday that it reached agreement with the U.S. government to pay $4.5 billion for the explosion of an oil drilling platform and the subsequent spilling 4.9 million continue reading »

Low-Cost Mexican Airline Interjet Spends $3.2 Billion on 40 New Jets

Low-Cost Mexican Airline Interjet Spends $3.2 Billion on 40 New Jets

Low-cost Mexican airline Interjet signed a contract to buy 40 Airbus A320 Neo passenger jets for more than $3.2 billion, the parties said Tuesday. continue reading »

Latin Recording Academy Announces Official Sponsors For The XIII Annual Latin Grammy Awards

Latin Recording Academy Announces Official Sponsors For The XIII Annual Latin Grammy Awards

The Latin Recording Academy proudly announced its official sponsors for the XIII Annual Latin GRAMMY Awards®. Heineken, 7UP, Gucci Timepieces & Jewelry, Delta Air Lines, McDonald's, L'Oreal Paris, Jack Daniel's, MetroPCS, and Allstate have all signed on to support and promote this year's L continue reading »

Spain Economic Minister:  Economic Reforms Producing “Positive Signs”

Spain Economic Minister:  Economic Reforms Producing “Positive Signs”

Spain's efforts to trim its budget deficit and put its financial house in order are producing "positive signs," the Iberian nation's economy minister said here Monday in an appearance before the European Parliament. continue reading »

Spain’s Iberia In Effort to Survive Economic Downturn Cuts 25% of Its Workforce

Spain’s Iberia In Effort to Survive Economic Downturn Cuts 25% of Its Workforce

Spain's Iberia will shed 4,500 jobs, nearly a quarter of its 20,000-strong workforce, as part of a series of permanent structural changes to salvage the airline, its parent company said Friday. continue reading »

Slight Up Tick in October Unemployment Rate to 7.9%, Latino Unemployment Creeps to 10%

Slight Up Tick in October Unemployment Rate to 7.9%, Latino Unemployment Creeps to 10%

The October jobless rate according to the Bureau for Labor Statistics ticked up to 7.9 percent from 7.8 percent in September. Hiring was more robust in August and September than first thought – which can be viewed as good news for President Obama five days before the presidential election. continue reading »

Apple Denied an Injunction in Mexico Against iFone

Apple Denied an Injunction in Mexico Against iFone

A judge has denied U.S. technology giant Apple an injunction that would have allowed it to continue selling iPhone-branded products in Mexico, ruling that the company iFone had the rights to that brand name earlier, an attorney for the Mexican firm told Efe. continue reading »