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Latin America Business News

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Spain and China Look for Ways to Expand Economic, Financial Relationship

Spain and China Look for Ways to Expand Economic, Financial Relationship

Spanish parliament speaker Jesus Posada and Chinese President Xi Jinping looked here Friday at ways to bolster bilateral relations. continue reading »

Lego and Mondelez to Invest $725 Million in Mexico

Lego and Mondelez to Invest $725 Million in Mexico

U.S.-based Mondelez International and Denmark's Lego plan to invest a total of $725 million in the northern state of Nuevo Leon, Mexican President Enrique Peña Nieto said. continue reading »

General Motors Investing $691 Million to Expand Mexico Operations

General Motors Investing $691 Million to Expand Mexico Operations

The Mexican unit of U.S. automaker General Motors said it planned to invest $691 million to expand its operations in Guanajuato, San Luis Potosi and other Mexico states. continue reading »

Mexico Puts Restrictions on U.S. Pig Imports Due to Porcine Virus

Mexico Puts Restrictions on U.S. Pig Imports Due to Porcine Virus

Imports of live hogs from the United States have been restricted and inspectors are working to detect any cases of porcine epidemic diarrhea, or PED, in Mexico, the Agriculture Secretariat said. continue reading »

Mexico’s Significant Presence at Paris’ Air Show

Mexico’s Significant Presence at Paris’ Air Show

The governor of the Mexican state of Queretaro said Monday that he planned to discuss seven aviation investment projects worth $150 million with different companies during the 2013 Paris Air Show. continue reading »

Mexico, China Wish to Speed Up Tequila Export Authorizations

Mexico, China Wish to Speed Up Tequila Export Authorizations

The Mexican and Chinese governments have formed a group tasked with speeding up authorization for exports of Mexican tequila to the Asian nation, officials here said Thursday. continue reading »

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 »