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Latin America Business News

Starbucks Sells $7 Costa Rican Coffee - Its Most Expensive Yet

Starbucks Sells $7 Costa Rican Coffee - Its Most Expensive Yet

Coffee giant Starbucks recently began selling a Costa Rican cup ‘o’ joe for up to $7 per cup. Starbucks is now offering Costa Rica Finca Palmilera, which is made from Geisha, continue reading »

Paraguay Hopes to Join Petroleum Producers Club after Large Oil Find

Paraguay Hopes to Join Petroleum Producers Club after Large Oil Find

A large oil discovery has been made in the Chaco region and Paraguay could join the petroleum producers club in 2013, President Federico Franco said. continue reading »

Mexican Economy Expected to Grow 3.3% in 2013, Slightly Down from 2012

Mexican Economy Expected to Grow 3.3% in 2013, Slightly Down from 2012

Mexico's economy, which will grow 3.8 percent this year, will see growth slow to 3.3 percent in 2013 due to weakness in some of its main trade partners before rebounding and growing 3.6 percent in 2014 continue reading »

PEMEX Finds 500 Million Barrels of Crude Oil, Largest Discovery in a Decade

PEMEX Finds 500 Million Barrels of Crude Oil, Largest Discovery in a Decade

State-owned oil giant Petroleos Mexicanos, or Pemex, said it found reserves of up to 500 million barrels of crude in southern Mexico, a discovery that President Felipe Calderon hailed as the "biggest find" of petroleum on land in the past decade. continue reading »

Formal Invitation Offered to Bolivia to Join Mercosur Trade Pact

Formal Invitation Offered to Bolivia to Join Mercosur Trade Pact

Bolivia has been formally invited to join as a full member the largest trading bloc in Latin America, Mercosur. continue reading »

Colombia Expects $2.6 Billion Investment From 49 Oil Blocks

Colombia Expects $2.6 Billion Investment From 49 Oil Blocks

Colombia's National Hydrocarbons Agency, or ANH, has awarded 49 oil exploration and production blocks in an auction and said it expects the winning bidders to invest some $2.6 billion over the next six years. continue reading »

Brazilian Insurance Group Acquires Portuguese Hospitals

Brazilian Insurance Group Acquires Portuguese Hospitals

Amil Participacoes SA, Brazil's largest health insurer, has announced the acquisition of Hospitais Privados de Portugal, or HPP, for 85.6 million euros ($109.7 million). continue reading »

IBM Partners with Brazil’s Richest Man to Build Semiconductor Factory

IBM Partners with Brazil’s Richest Man to Build Semiconductor Factory

Brazilian authorities announced Monday the construction of a semiconductor factory costing 1 billion reais ($500 million) that will have among its partners IBM and Eike Batista, Brazil's richest man. continue reading »

Could Bimbo Save the Twinkie?

Could Bimbo Save the Twinkie?

Mexican company Grupo Bimbo may be the key to saving the Twinkie from its untimely death. Earlier this month, 6,600 Hostess employees went on strike continue reading »

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 »