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Latin America Business News

Mexico to Sell National Telecom Network to Private Company

Mexico to Sell National Telecom Network to Private Company

The government plans to auction off the 25,000-kilometer (15,534-mile) telecommunications network owned by the Federal Electricity Commission, or CFE, to a private company, Mexican Communications Undersecretary Jose Ignacio Peralta Sanchez said. continue reading »

Western Mexico to be Home of New Nestle Plant

Western Mexico to be Home of New Nestle Plant

Swiss food giant Nestle plans to build a $400 million plant in Ocotlan, a city in the western Mexican state of Jalisco, press reports said Tuesday. The company, which currently has 14 plants and employs 16,000 people continue reading »

Goya Expanding Beyond the Hispanic Market

Goya Expanding Beyond the Hispanic Market

Authenticity drives loyalty, and therefore Goya foods is an interesting example for marketers as to how important it is to cater to various ethnic groups in the most genuine manner possible. continue reading »

NELSON BALIDO:  Energy in Mexico – The Next North American Boom?

NELSON BALIDO:  Energy in Mexico – The Next North American Boom?

The Mexican economy has downshifted. Growth forecasts are less than enthusiastic as analyses by the Federal Reserve Bank of Dallas indicate slower production output and a dip in exports, especially to the U.S. continue reading »

Brazil’s Petrobras Makes Natural Gas Discovery in Argentina

Brazil’s Petrobras Makes Natural Gas Discovery in Argentina

The Argentine unit of Brazilian oil giant Petrobras said it discovered natural gas in Neuquen, a province in southwestern Argentina. The gas reserves are in the El Mangrullo area, Petrobras Argentina said. continue reading »

REPORT:  Latino-Owned Businesses Contribute $100 Billion Annually to California Economy

REPORT:  Latino-Owned Businesses Contribute $100 Billion Annually to California Economy

Hispanic-owned businesses contribute more than 650,000 jobs and more than $100 billion annually to the California economy, which makes them fundamental to the prosperity of one of the nation's largest states. continue reading »

Mexico’s Central Banker Agustin Carstens Named Bank Governor of the Year

Mexico’s Central Banker Agustin Carstens Named Bank Governor of the Year

Two international economic publications have hailed Agustin Carstens for his performance as head of Mexico's central bank. continue reading »

Petrobras Says New Offshore Crude Find is “Exceptional”

Petrobras Says New Offshore Crude Find is “Exceptional”

The CEO of Brazilian state-controlled oil company Petrobras, Maria das Graças Silva Foster, termed as "exceptional" a new crude discovery off the coast of the northeastern state of Sergipe, although she did not provide further details. continue reading »

Chile Raises Forecast for Copper Prices, Output

Chile Raises Forecast for Copper Prices, Output

Chile's government on Tuesday raised its outlook for the price and production of copper, the Andean nation's chief export. The Chilean Copper Commission, or Codelco, released a report that calls for production this year in Chile of 5.7 million tons, up from the previous forecast of 5.53 million tons and 4.9 percent more than the total output for 2012. continue reading »

Spotify Comes to Latin America

Spotify Comes to Latin America

Spotify – the digital music service created in 2008 by Daniel Ek and Martin Lorentzon in Sweden – launched in Argentina this week. The on-demand music app is now available in 32 nations around the world, its business booming with 24 million active users and 6 million paid subscriptions to access over 20 million songs. continue reading »