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Latin America Business News

Mobile Content Services Growing Fast in Latin America

The total mobile services market in Latin America is nearing saturation in terms of number of subscribers. In Brazil, Colombia, and Mexico, the mobile penetration rates were 92.2, 84.3, and 77.2 percent, respectively. continue reading »

Brazil’s Petrobras Announces Multi-Billion Dollar Investment Plan

Brazil’s Petrobras Announces Multi-Billion Dollar Investment Plan

The state-owned oil and gas producer, Petrobras of Brazil announced it's aggressive investment plan of $224 billion by 2014. continue reading »

La Secretaría de Hacienda y Crédito Público Anuncia la Abertura de Operaciones con Dólares

El secretario de Hacienda, Ernesto Cordero Arroyo, en una conferencia de prensa explica las nuevas reglas de operación con dólares en efectivo en el sistema bancario con el propósito de combatir el lavado de dinero. continue reading »

Pemex Sues BASP Corporation Over Illicit Fuel Sales

Mexico's state oil monopoly Pemex sued BASF Corporation, the German chemical group, and several other US-based energy trading companies for illicit fuel sales. This case is part of an ongoing investigation into a multi-million-dollar market of contraband fuel continue reading »