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Latin America Business News

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Industrial Production on the Rise in Mexico

Industrial Production on the Rise in Mexico

Industrial production rose 1.6 percent in Mexico in the first quarter of this year, compared to the same period in 2013, the National Institute of Statistics and Geography, or INEGI, said Monday. continue reading »

Pemex’s Gas Production Rises 8 Percent In March

Pemex’s Gas Production Rises 8 Percent In March

Gasoline production rose to an average of 446,000 barrels per day (bpd) in March, up 8 percent from the same month last year, state-owned oil giant Petroleos Mexicanos, or Pemex, said. continue reading »

Miami Hosts Tech Summit for Latin American Mayors

Miami Hosts Tech Summit for Latin American Mayors

Mayors of Latin American cities participated in a summit on technological innovation in Miami Beach, where they emphasized the main challenges facing municipalities in the areas of efficiency and the introduction of new technologies. continue reading »

Bolivia Agrees to Pay UK for Power Company It Seized and Nationalized

Bolivia Agrees to Pay UK for Power Company It Seized and Nationalized

Bolivia has agreed to pay $31.5 million to British electric utility Rurelec as compensation for the 2010 nationalization of its controlling stake in power producer Empresa Electrica Guaracachi, $10 million less than the amount determined by an arbitration tribunal, the Attorney General's Office said. continue reading »

Analysts Rise Growth Forecast for Brazilian Economy

Analysts Rise Growth Forecast for Brazilian Economy

Private sector analysts have revised their 2014 growth forecasts for Brazil's economy upward to 1.65 percent from 1.63 percent last week, the Central Bank said Monday. continue reading »

Mexico’s Central Bank Warns of Slower Economic Growth than Predicted for 2014

Mexico’s Central Bank Warns of Slower Economic Growth than Predicted for 2014

Mexico's central bank said Friday that first-quarter economic data points to slower 2014 growth than what it had forecast several months ago, although it noted that some sectors had posted more favorable results. continue reading »

International Consortium to Building Airport Serving Travel to Machu Picchu

International Consortium to Building Airport Serving Travel to Machu Picchu

A consortium made up of Peru's Andino Investment Holding and Argentina's Corporacion America has been awarded a 40-year concession for an airport that will serve Peru's southeastern Cuzco region, ProInversion, the Andean nation's private investment promotion agency, said. continue reading »

Ailing Puerto Rican Economy Shows Slight Improvement in March

Ailing Puerto Rican Economy Shows Slight Improvement in March

Puerto Rico's economy shrank 0.8 percent in March relative to the same month of last year, a notable improvement over the 2.5 percent annual contraction the island posted in February, the Government Development Bank for Puerto Rico said. continue reading »

Thousands Protest in Mexico City Against New Law that Could Limit Freedom of Expression

Thousands Protest in Mexico City Against New Law that Could Limit Freedom of Expression

Thousands of people formed a human chain this weekend in Mexico City to protest a telecommunications bill that critics contend could limit freedom of expression. continue reading »

Intel Closing Microprocessor Plant in Costa Rica

Intel Closing Microprocessor Plant in Costa Rica

In a major blow to the economy of the Costa Rica, tech giant Intel said it is closing its microprocessor assembly plant there, a move that means 1,500 workers will lose their jobs. continue reading »

Cuban Government Seeks Foreign Investment

Cuban Government Seeks Foreign Investment

Cuba's new law regulating foreign investment will give priority to 11 economic sectors, Communist Party daily Granma said Tuesday. continue reading »

$3.26 Billion in Remittances Sent to Mexico in First Two Months of 2014

$3.26 Billion in Remittances Sent to Mexico in First Two Months of 2014

Remittances sent to Mexico by emigrants totaled $3.26 billion in the first two months of 2014, up 71.5 percent compared to the same period in 2013, the Bank of Mexico said Tuesday. continue reading »

Mexican Business Man Arrested in $360 Million Banamex Fraud Case

Mexican Business Man Arrested in $360 Million Banamex Fraud Case

Amado Yañez Osuna, the main stockholder in Pemex contractor Oceanografia, was arrested by Mexican prosecutors, officials said Monday. continue reading »

Argentina Thanks Spain, Mexico for Assisting with Repsol Agreement

Argentina Thanks Spain, Mexico for Assisting with Repsol Agreement

Argentina's government on Thursday thanked Spanish Prime Minister Mariano Rajoy and Mexican President Enrique Peña Nieto for the "very positive" role they played in helping it reach an agreement with Spanish oil company Repsol on compensation for the takeover of its former unit, YPF. continue reading »

Major Changes in Textile Imports Could Benefit Dominican Republic

Major Changes in Textile Imports Could Benefit Dominican Republic

The Dominican Republic's textile industry, hampered in recent decades by Chinese competition, has begun growing again and may recover a leadership position thanks to Western companies' declining enthusiasm for sourcing production in Asia, the CEO of Spanish garment technology company Jeanologia told Efe. continue reading »