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Latin America Business News

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Google Launches New Web Domain ‘.soy’ for Latino Market

Google Launches New Web Domain ‘.soy’ for Latino Market

Google has launched a new Web domain - .soy - that is intended for members of the Hispanic community, touting it as the "place for Latinos online." continue reading »

Citigroup Exits Consumer Banking in 6 Latin American Countries

U.S. banking giant Citigroup said Tuesday it planned to exit the consumer banking business in 11 countries, including six nations in Latin America. continue reading »

Mexico’s Foreign Reserve Increase by $364 Million

Mexico’s Foreign Reserve Increase by $364 Million

Mexico's foreign reserves increased by $364 million last week to $190.83 billion, the Bank of Mexico said. continue reading »

Citigroup Uncovered $15 Million Fraud in It’s Mexico Banamex Division

Citigroup Uncovered $15 Million Fraud in It’s Mexico Banamex Division

Citigroup Inc. announced Tuesday that an independent probe found evidence of $15 million in fraud at the personal security unit belonging to Banamex, the U.S.-based financial giant's Mexican division. continue reading »

Aerospace Companies Heading to Quertaro, Mexico in Record Numbers

Six aerospace companies from Spain, the United States and Canada will begin operating in the coming months in the central Mexican state of Queretaro with an initial investment outlay of 400 million pesos ($28 million), Gov. Jose Calzada said. continue reading »

Theft of Fuel from Pipelines Continues to Plague PEMEX in Mexico

Theft of Fuel from Pipelines Continues to Plague PEMEX in Mexico

Security forces in the northeastern Mexican state of Tamaulipas have recovered more than 420,000 liters (110,960 gallons) of diesel stolen from state-owned oil company Petroleos Mexicanos' pipelines, authorities said. continue reading »

Financial Experts Urge U.S. to Normalize Relations with Cuba

Financial Experts Urge U.S. to Normalize Relations with Cuba

U.S. experts on Wednesday recommended that their government begin to normalize relations with Cuba, eliminating some of the main elements of the economic embargo Washington imposed in 1962. continue reading »

Banamex CEO Resigns After a Turbulent Year Wrought with Fraud

Banamex CEO Resigns After a Turbulent Year Wrought with Fraud

Javier Arrigunaga has resigned as chief executive officer of Grupo Financiero Banamex, Citigroup's Mexican unit, Banamex's chairman said. continue reading »

Latin Americans LOVE Evernote, Fastest Growing Market for Company

Latin Americans LOVE Evernote, Fastest Growing Market for Company

Latin America is the fastest growing market for Evernote, the popular application for remembering everything, and for which the company announced the addition of new chat and context functions during its annual conference in San Francisco. continue reading »

Clorox Closing Venezuela Operations Due to Economic Instability and Govt Intrusion

Clorox Closing Venezuela Operations Due to Economic Instability and Govt Intrusion

The Clorox Company announced Monday that it has suspended operations in Venezuela in the face of operational restrictions, economic uncertainty and supply interruptions. continue reading »

Heineken Sells Mexican Packaging Empaque to U.S. Concern for $1.22 Billion

Heineken Sells Mexican Packaging Empaque to U.S. Concern for $1.22 Billion

Dutch brewer Heineken said it signed an agreement to sell its Mexican packaging business to U.S.-based Crown Holdings for $1.22 billion. continue reading »

Investors to Bid on Power Projects in Mexico Valued at $4.9 Billion

Investors to Bid on Power Projects in Mexico Valued at $4.9 Billion

Investors can now bid on 16 power projects expected to draw about $4.9 billion in investment, the Mexican Federal Electricity Commission, or CFE, said. continue reading »

Mexico’s PEMEX Looks to Foreign Alliances

Mexico’s PEMEX Looks to Foreign Alliances

State-owned oil giant Petroleos Mexicanos, or Pemex, has had contacts with about 80 foreign energy companies about possible oil exploration and production partnerships, media reports said. continue reading »

Mexico City to Get First High-Speed Train in Latin America

Mexico City to Get First High-Speed Train in Latin America

The high-speed Mexico City-Queretaro train, which will cover the 210-kilometer (130-mile) route at a speed of 300 kph (186 mph), will be the first of its kind in Latin America, the Communications and Transportation Secretariat said. continue reading »

PEMEX Reports Lower Trade Surplus

PEMEX Reports Lower Trade Surplus

Mexican state-owned oil company Petroleos Mexicanos posted an $8.2 billion trade surplus in the first half of 2014, down 20.42 percent from the same period of last year. continue reading »