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Latin America Business News

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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 »

Argentina Pays $642 Million on Foreign Debt

Argentina Pays $642 Million on Foreign Debt

Argentina on Monday made an initial payment of $642 million to the wealthy nations of the Paris Club, as per the debt refinancing agreement with that entity signed last May, authorities said. continue reading »

Court Urges Argentina and Its Creditors to Reach Debt Agreement

Court Urges Argentina and Its Creditors to Reach Debt Agreement

A U.S. federal judge said here Tuesday that Argentina and creditors who boycotted Buenos Aires' debt restructurings must negotiate "continuously until a settlement is reached" to avoid another default. continue reading »

Mexican President Enacts Sweeping Telecom Reform Laws

Mexican President Enacts Sweeping Telecom Reform Laws

President Enrique Peña Nieto on Monday signed into law the telecommunications reform legislation approved last week by Mexico's Congress. continue reading »

Mexico Oil Revenue Decline First Half of 2014

Mexico Oil Revenue Decline First Half of 2014

Mexico's oil revenues totaled 491.04 billion pesos ($37.8 billion) in the January-May 2014 period, down 0.50 percent from the same period last year, the Finance Secretariat said. continue reading »