Latin America Business News
Complete Archives
Cubans Now Allowed to Import Electric Applicances
May 21, 2013 | by HS News Staff
Cuban customs authorities starting on Monday authorized individuals to import electric appliances and mopeds in a resolution eliminating the prohibition on such imports that had been in force since 2005. continue reading »
PARAGUAY: King of Used Cars
May 20, 2013 | by HS News Staff
Paraguay has become the main destination in South America for used cars from Japan, the United States and other countries, thanks to new regulations aimed at making it easier to import automobiles so low-income consumers can purchase vehicles. continue reading »
JUST IN: Latino Favorite Yahoo to Buy Tumblr in $1.1B Deal
May 19, 2013 | by HS News Staff
Yahoo Board of Directors has just approved the acquisition of social media network Tumblr in a $1.1 Billion cash deal, according to the Wall Street Journal. continue reading »
Bill Gates Takes Back World’s Richest Person, Slim is Number 2
May 18, 2013 | by HS News Staff
Bill Gates has regained the title of the world's richest person, a position he lost in 2007 to Mexico's Carlos Slim due to fluctuations in the Microsoft mogul's stock market investments, according to Bloomberg's daily index. continue reading »
Yahoo de Mexico’s $2.3 Billion Fine Reduced to $172,500
May 17, 2013 | by HS News Staff
Yahoo and its Mexican affiliate Yahoo de Mexico are breathing a sigh a relief after a Mexican Appellate court reduced a breach of contract fine from $2.5 billion to an ‘economical’ $172,500. continue reading »
Brazil Oil, Natural Gas Auction Bids Exceed Expectations
May 17, 2013 | by HS News Staff
A two-day Brazilian oil and natural gas auction has received strong demand from companies based in Brazil, Colombia, Portugal, France, Britain and other countries, with bid prices far exceeding the regulator's expectations. continue reading »
Spanish Inflation Rate Falls to 1.4%, Lowest Since March 2010
May 15, 2013 | by HS News Staff
A drop in electricity rates and fuel prices pushed Spain's year-on-year inflation rate down by one percentage point to 1.4 percent in April, the lowest level since March 2010, the National Statistics Institute, or INE, said Tuesday. continue reading »
Foreign Investment in Latin America Grows to Record Level of $173.36 Billion
May 14, 2013 | by HS News Staff
Latin America and the Caribbean received in 2012 a record $173.36 billion in foreign direct investment, or FDI, up 6.7 percent from the year before, the U.N. Economic Commission for Latin America and the Caribbean said Tuesday. continue reading »
Mexico Gets Credit Upgrade by Fitch
May 10, 2013 | by HS News Staff
This week the credit rating firm, Fitch upgraded Mexico’s credit rating from BBB to BBB+. The one notch increase in the country’s sovereign credit rating was given in great part for Mexico’s new President Enrqiue Peña Nieto’s bank reform efforts. continue reading »
Chilean Mining Giant Codelco to Invest $27B Over Six Years
May 10, 2013 | by HS News Staff
Chilean state-owned mining giant Codelco on Wednesday announced plans to invest nearly $27 billion over the next six years. CEO Thomas Keller said the investment program, continue reading »
Brazil Will Finance Upgrade of Cuban Airports
May 8, 2013 | by HS News Staff
Brazil will finance a project to expand and modernize Cuba's airports, state media on the Communist-ruled island said Tuesday. Brazil's development, industry and foreign trade minister, Fernando Pimentel, continue reading »
Small Business Loan Interest Rates Cut in Brazil
May 7, 2013 | by HS News Staff
Brazilian President Dilma Rousseff announced here Monday a reduction in the interest rate on public loans for owners of small businesses from 8.0 percent to 5.0 percent. continue reading »
Anheuser-Busch InBev Present Offer for 50% Stake in Mexico’s Grupo Modelo
May 4, 2013 | by HS News Staff
Anheuser-Busch InBev has launched a tender offer for the 50 percent stake it does not already own in Mexican brewer Grupo Modelo. In a filing with the Mexican stock exchange, Grupo Modelo continue reading »
March Sees 15% Drop in Remittances to Mexico
May 3, 2013 | by HS News Staff
Remittances sent by Mexicans living abroad fell 14.7 percent to $1.78 billion in March, compared to the same month in 2012, the Bank of Mexico said Thursday. continue reading »
Brazilian Oil Giant Petrobras Sells Stake in Gulf of Mexico Exploratory Blocks
May 2, 2013 | by HS News Staff
Brazilian state-controlled oil giant Petrobras said it has sold its 20 percent stake in six exploratory blocks in the U.S. Gulf of Mexico. In a regulatory filing, Petrobras said it signed a sale and purchase agreement for the divestment continue reading »
