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Latin America Business News

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 »

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 »