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Latin America Business News

Spanish Retailer, Amancio Ortega, Replaces Warren Buffett as Third-Richest in the World

Spanish Retailer, Amancio Ortega, Replaces Warren Buffett as Third-Richest in the World

The founder, Amancio Ortega, of the popular Zara clothing chain that trades as Indetex SA (ITX) has replaced Warren Buffett as the third-richest person in the world. continue reading »

Latin America’s Top Ten Billionaires of 2011

Latin America’s Top Ten Billionaires of 2011

Meet the wealthiest people in Latin América! continue reading »

Fiat Investing $100 Million in Argentina

Fiat Investing $100 Million in Argentina

Fiat Industrial is set to invest $100 million in Argentina that will result in 600 new jobs and 1,500 indirect jobs. The $100 million will go toward building a new manufacturing plant which will manufacture continue reading »

Mexico’s Peso Rising to Highest Levels in Years, While Amassing Foreign Reserves

Mexico’s Peso Rising to Highest Levels in Years, While Amassing Foreign Reserves

As Mexico closed its financial markets for the Easter holiday last week, the peso reached 11.5960 a peak it hadn’t reached since 2008. The peso is at these high levels thanks to its improving export-economy and flows of capital by foreign investment portfolios. continue reading »

Protecting Consumers at the Pump: The Oil and Gas Price Fraud Working Group

Protecting Consumers at the Pump: The Oil and Gas Price Fraud Working Group

Over the past few years, American businesses and families across the country have suffered the effects of the worst financial crisis in generations. Today, although our economic recovery is gaining steam, continue reading »

Latin American Hedge Funds Solid Performance:  Gains New Investors & Big Fees

Latin American Hedge Funds Solid Performance:  Gains New Investors & Big Fees

Latin American hedge funds solid performance during the economic downturn has allowed them to continue charging the “2-and-20” lucrative fee and continue to attract investors. continue reading »

STUDY: Latin America to See Largest Increase in the Number of/Demand for TVs

STUDY: Latin America to See Largest Increase in the Number of/Demand for TVs

A research firm is predicting that Latin America will be the fastest-growing market for new televisions between now and 2015. continue reading »

Mexican Billionaire Carlos Slim Fined $1 Billion for Monopolistic Practices

Mexican Billionaire Carlos Slim Fined $1 Billion for Monopolistic Practices

Mexican billionaire and the world’s richest man, Carlos Slim, is confirming that the telephone operator controlled by him has been fined $1 billion for ‘monopolistic practices’. continue reading »

Colombia to Spend $200 Million to Expand Its Internet Access

Colombia to Spend $200 Million to Expand Its Internet Access

The Latin American country of Colombia is looking to spend upward of $200 million on expanding the country’s internet access by laying fiber-optic networks in 700 towns. continue reading »

Tr3s: MTV, Musica y Mas Scores Its Most Watched Quarter Ever

Tr3s: MTV, Musica y Mas Scores Its Most Watched Quarter Ever

Up 30% in Prime Time and 19% in Total Day in First Quarter 2011. This season 5.4 Million Viewers tuned-in to MTV's first-ever novela "Ninas Mal" and 3.4 Million Viewers returned to the original hit "Quiero Mis Quinces" & the smash sitcom "George Lopez" continue reading »