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Latin America Business News

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Mexico Sees 6.6% Rise in Foreign Tourist Revenue in First Quarter of 2013

Mexico Sees 6.6% Rise in Foreign Tourist Revenue in First Quarter of 2013

Foreign exchange revenues from international tourists rose 6.6 percent in the January-April period, compared to the first four months of 2012, the Mexican Tourism Secretariat said. continue reading »

BRAZIL: $250 Million to be Invested into Grain Silos

BRAZIL: $250 Million to be Invested into Grain Silos

Brazilian President Dilma Rousseff said Monday that her administration plans to invest around $250 million in grain silos to address what has become a major problem for the country's vital agricultural sector. continue reading »

Mexican President Stresses Need to Modernize Pemex

Mexican President Stresses Need to Modernize Pemex

Mexican President Enrique Peña Nieto reaffirmed his commitment to maintain Petroleos Mexicanos as a state-owned company, but also stressed the need to modernize and transform the world's No. 5 oil producer. continue reading »

Colombians Love to Shop on Line for Erotica Amongst Other Things

Colombians Love to Shop on Line for Erotica Amongst Other Things

E-commerce sales in Colombia amounted to nearly $2 billion last year, according to a report released on Friday. continue reading »

Nissan Set to Begin Selling Mexican-Made Car, the Note

Nissan Set to Begin Selling Mexican-Made Car, the Note

Japanese automaker Nissan said it would begin selling its Note model, which is being made in Mexico, in the middle of this month, targeting the U.S. and Canadian markets. continue reading »

Grupo Gigante Buys Remaining Stake in Office Depot de Mexico

Grupo Gigante Buys Remaining Stake in Office Depot de Mexico

Mexican diversified retailer Grupo Gigante said Tuesday it was acquiring the 50 percent of Office Depot de Mexico it did not already own for 8.77 billion pesos ($689 million). continue reading »

Carlos Slim’s Mexican Mining Operations Shut Down Due to Labor Disputes

Carlos Slim’s Mexican Mining Operations Shut Down Due to Labor Disputes

Minera Frisco, which is owned by Mexican billionaire Carlos Slim, said it halted operations at the El Coronel, San Francisco del Oro and Minera Maria mines due to labor problems. continue reading »

Bolivia’s Evo Morales Inaugurates New Power Plants to Meet Growing Demand

Bolivia’s Evo Morales Inaugurates New Power Plants to Meet Growing Demand

President Evo Morales was on hand over the weekend for the arrival of a convoy of trucks hauling equipment for the 160 MW thermoelectric power plant that Bolivia is building on the border with Argentina. continue reading »

Brazil Sees .6% Economy Growth in 2013 1st Quarter

Brazil Sees .6% Economy Growth in 2013 1st Quarter

Brazil's economy grew 0.60 percent in the first quarter of 2013, compared with the final quarter of last year, the government said Wednesday. The figures confirmed official projections that the economy would continue reading »

Telecom Industry in Mexico Grows 12.5% in 2013’s 1st Quarter

Telecom Industry in Mexico Grows 12.5% in 2013’s 1st Quarter

Mexico's telecommunications industry grew 12.5 percent in the first quarter of 2013, compared to the same period last year, thanks to surging demand for satellite television continue reading »

BRAZIL: Media Mogul Roberto Civita Dies at 76

BRAZIL: Media Mogul Roberto Civita Dies at 76

Roberto Civita, chief of the Brazilian media conglomerate Abril and creator of the prestigious newsweekly Veja, has died, his company said Monday. He was 76. continue reading »

CHILE: Gold Mining Company Fined $16.5M for Environmental Violations

CHILE: Gold Mining Company Fined $16.5M for Environmental Violations

Chile's SMA environmental watchdog said Friday that it had imposed an 8-billion-peso (roughly $16.5-million) fine on Canada's Barrick Gold and ordered it to halt its Pascua-Lama mine project over environmental violations. continue reading »

No Waste, Jose: Tequila Waste Being Recycled into Sponges

No Waste, Jose: Tequila Waste Being Recycled into Sponges

For years, remnants of agave plants used to make tequila were discarded and left in the fields to rot, but now the 3M company is turning that "waste" into something useful. continue reading »

US Airline SkyWest Buys 40 Jets from Brazil’s Embraer

US Airline SkyWest Buys 40 Jets from Brazil’s Embraer

Brazilian aircraft manufacturer Embraer said Tuesday it reached a deal to sell 40 E175 passenger jets to U.S. airline SkyWest for nearly $1.7 billion. continue reading »

Cubans Now Allowed to Import Electric Applicances

Cubans Now Allowed to Import Electric Applicances

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 »