Latin America Business News
PERU: Brazilian-Spanish Consortium to Build Hydroelectric Power Plant
March 22, 2013 | by HS News Staff
A consortium made up of Spain's Corsan Corviam and Brazil's Engevix and Enex has been chosen to build a hydroelectric power station in southern Peru, officials said. The Andean nation's Private Investment Promotion Agency, or Proinversion, s continue reading »
Kia Motors Looking to Break Into Hispanic Market
March 22, 2013 | by HS News Staff
South Korean automaker Kia, which has experienced spectacular growth in the United States during recent years, wants to become the preferred brand among North American Hispanics, the company executive told Efe. continue reading »
Spain’s Grupo BBVA to Invest $3.5 Billion in Mexico
March 21, 2013 | by HS News Staff
Grupo BBVA on Thursday unveiled a four-year, $3.5 billion investment plan for its Mexican unit, saying the funds would be used to modernize more than 1,700 bank branches nationwide and meet other objectives. continue reading »
Rio Continues to Progress Towards Becoming Tech Hub of Latin America
March 21, 2013 | by HS News Staff
The impending arrival of multinationals Siemens and Halliburton marks the emergence of Latin America's largest technological hub here in Brazil's second city, the head of the ambitious project said. continue reading »
Brazil’s Petrobras Looking to Boost Daily Oil Output to 3.4 Million Barrels by 2017
March 20, 2013 | by HS News Staff
Brazilian state-controlled oil company Petrobras, which is striving to boost daily domestic crude and natural gas output to 3.4 million barrels of oil equivalent per day by 2017, said it plans to earmark 62 percent of its investments over the next five years to exploration and production. continue reading »
Spain Sees its Investments in LatAm as Secure
March 20, 2013 | by HS News Staff
Spain's top official for relations with Latin America said Tuesday that the investments of Spanish companies in Latin America are safe despite the problems in specific countries such as Argentina and Bolivia. continue reading »
Ryanair Signs $15.6 Billion Deal with Boeing for 175 Airliners
March 19, 2013 | by HS News Staff
Irish budget airline Ryanair Holdings said Tuesday it has signed an agreement with Boeing to purchase 175 737-800 airliners for around $15.6 billion (12 billion euros). continue reading »
Latino Coalition, Biz2Credit Launch Hispanic Online Platform for Small Business Financing
March 18, 2013 | by HS News Staff
Biz2Credit, the #1 online credit resource for small businesses, and The Latino Coalition (www.thelatinocoalition.com) today announced a partnership in which Biz2Credit will be the go-to financing resource for th continue reading »
Latin America News: Economists Cut Economic Growth Rate for Brazil
March 18, 2013 | by HS News Staff
In Latin America news, analysts have lowered their 2013 growth forecast for the Brazilian economy from 3.1 percent to 3.03 percent, the central bank announced. continue reading »
Chile Revels in Its New Cutting Technology
March 18, 2013 | by HS News Staff
In Latin American business news, Chile is reveling in its cutting-edge technology in the Atacama desert. The new $1.4 billion observatory contains the power of 3 million computers into one telescope. continue reading »
