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Oil Giant Pemex Posts $12.15 Billion Trade Surplus for First Half of 2013

Oil Giant Pemex Posts $12.15 Billion Trade Surplus for First Half of 2013

Mexican state oil monopoly Petroleos Mexicanos posted a $12.15 billion trade surplus for the first seven months of 2013, the company said Wednesday. Exports of crude oil, petroleum products, petrochemicals and natural gas continue reading »

Foreign Tourists Spent 6% More in Spain Than They Did in 2012

Foreign Tourists Spent 6% More in Spain Than They Did in 2012

Foreign tourists who visited Spain in the first seven months of 2013 spent 32.21 billion euros ($43 billion), 6 percent more than in the same period of 2012, the government said Tuesday. continue reading »

Mexico’s State-Owned Oil Giant Pemex Fined $50 Million

Mexico’s State-Owned Oil Giant Pemex Fined $50 Million

Mexico's Federal Competition Commission, or CFC, said it imposed a fine of 653.2 million pesos (about $50 million) on state-owned oil giant Petroleos Mexicanos, or Pemex, for forcing service stations to hire the oil monopoly's trucks to handle deliveries of gasoline and diesel. continue reading »

Hotel Specializing in Cuban Music to Open in Varadero in November

Hotel Specializing in Cuban Music to Open in Varadero in November

The first hotel specializing in the music of Cuba, the Blue Salsa Club, will open its doors in November with a new idea in cultural tourism in the resort community of Varadero, the most famous on the island, local media reported Sunday. continue reading »

Poll: 62%  said “No” to Allowing Private Firms into Oil Sector

Poll: 62%  said “No” to Allowing Private Firms into Oil Sector

While accepting the need for reform of the energy sector, most Mexicans oppose opening state oil monopoly Pemex to private investment, a poll published Monday by capital daily El Universal shows. Only 20 percent of the 1,000 adults surveyed by pollster Buendia & Laredo over the period Aug. 8-13 expressed support for the idea, which is a key element of the energy plans put forward by centrist President Enrique Peña Nieto and the main opposition conservative PAN party. continue reading »

Spanish Speaking CNN Latino Begins Broadcasting in Miami

Spanish Speaking CNN Latino Begins Broadcasting in Miami

CNN Latino, a Spanish-language programming block tailored for the U.S. market, begins broadcasting Monday on the Miami airwaves to South Florida's numerous Hispanic community. CNN Latino, now available on broadcast television in South Florida on WDFL-LD Channel 11, and on cable via Comcast and AT&T U-verse, debuted earlier in Los Angeles, New York, Phoenix, Salt Lake City, Orlando and Tampa. continue reading »

Spain’s Grupo ACS to Build Two Hydroelectric Power Plants in Ontario, Canada

Spain’s Grupo ACS to Build Two Hydroelectric Power Plants in Ontario, Canada

Spain's ACS said Monday it won a contract to build two hydroelectric power plants in northern Ontario, Canada, for 76.5 million euros (about $102 million). continue reading »

BRAZIL: Analysts Stick to Early Prediction for Country’s Growth, 2.21%

BRAZIL: Analysts Stick to Early Prediction for Country’s Growth, 2.21%

Financial analysts are keeping their 2013 growth forecasts for the Brazilian economy at 2.21 percent, the same level as last week, the Central Bank said Monday. continue reading »

Cuba Inaugurates Second Wind Farm of 2013 in Santa Clara

Cuba Inaugurates Second Wind Farm of 2013 in Santa Clara

Cuba inaugurated a 5,200-panel solar farm in the central city of Santa Clara this week, the second such facility installed this year on the island, the official press reported Thursday. continue reading »

U.S.-Mexico Trade Boom: Fuels Effort to Build Better Border Crossings

U.S.-Mexico Trade Boom: Fuels Effort to Build Better Border Crossings

New Mexico Gov. Susana Martinez, a Republican who won office three years ago calling for more secure borders, now focuses on the border region for another reason: boosting trade with Mexico. continue reading »

NYC’s New Taxis to be Made Exclusively at Nissan Mexicana

NYC’s New Taxis to be Made Exclusively at Nissan Mexicana

Production has started on a vehicle that will be used exclusively in New York City's taxi fleet, with $200 million invested in developing the platform, the Mexican unit of Japanese automaker Nissan Motor Company said. continue reading »

World’s Business International Crossing: Tijuana-San Ysidro Border Crossing to Get Major Overhaul

World’s Business International Crossing: Tijuana-San Ysidro Border Crossing to Get Major Overhaul

Mexico and the United States plan to unveil a series of "major improvements" later this week on the Tijuana-San Ysidro international border crossing in an effort to speed up the millions of daily border crossings, the Mexican Foreign Relations Secretariat said Tuesday. continue reading »

Falling Prices of Spain’s Luxury Homes Attracting Foreign Buyers

Falling Prices of Spain’s Luxury Homes Attracting Foreign Buyers

Spain's luxury real estate market has become a magnet for wealthy buyers, especially foreigners and investment funds, looking for opportunities to acquire choice properties selling at discounts of nearly 20 percent due to the economic meltdown. continue reading »

First Time in 80 Years Mexico to Open Oil Assets Up for Private Investors

First Time in 80 Years Mexico to Open Oil Assets Up for Private Investors

President Enrique Peña Nieto on Monday unveiled energy industry reforms that call for changing two articles in the Mexican Constitution to modernize the sector by allowing private investors to play a bigger role without stripping the nation of its ownership of natural resources. continue reading »

Mazda to Build $120M Plant in Guanajuato, Mexico

Mazda to Build $120M Plant in Guanajuato, Mexico

The Mexican unit of Japanese automaker Mazda Motor Manufacturing Corp. plans to invest $120 million in a new plant to be built at its complex in Guanajuato, a state in central Mexico, the state government said. continue reading »