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Latin America Business News

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Alsea Acquires Master Franchise for Burger King in Mexico

Alsea Acquires Master Franchise for Burger King in Mexico

Mexican restaurant operator Alsea said it acquired the master franchise for Burger King brand fast-food eateries in Mexico. "Pursuant to the Joint Venture Agreement reached between Alsea and Burger King Worldwide, Inc. ("BKW"), the BKW subsidiary in Mexico was merged into Operadora de Franquicias Alsea S.A. de C.V. ("OFA"), an Alsea subsidiary, which will become the merged company and the operator of 204 BURGER KING restaurants in Mexico," the company said in a statement. continue reading »

Mexico’s Economy Expected to Grow 4 Percent in 2014

Mexico’s Economy Expected to Grow 4 Percent in 2014

The government is maintaining its forecast for 4 percent gross domestic product (GDP) growth in 2014, based on the assumption that tax reforms are not implemented in Mexico, the Finance Secretariat said in a report to Congress. continue reading »

Monthly Remittances to Mexico $1.58 Billion - 11% Drop

Monthly Remittances to Mexico $1.58 Billion - 11% Drop

Mexico received $1.58 billion in remittances in February, 11.1 percent below the amount recorded in the same month of 2012, the country's central bank said Monday. continue reading »

U.S. Developer Taubman to Build $400 Million Luxury Mall in Puerto Rico

U.S. Developer Taubman to Build $400 Million Luxury Mall in Puerto Rico

U.S. Developer Taubman is planning a $400 million shopping mall in San Juan, Puerto Rico that will host high-end retailers Nordstrom and Saks Fifth Avenue amongst others. continue reading »

Chevron Embargo Could Hinder Investments in Argentina, Says YPF

Chevron Embargo Could Hinder Investments in Argentina, Says YPF

The CEO of Argentine state-controlled oil company YPF says a court ruling embargoing the assets of Chevron Corp.'s local subsidiary could hinder investment flows into the South American country. continue reading »

Volkswagen’s 2015 Golf Will Be Made in Mexico

Volkswagen’s 2015 Golf Will Be Made in Mexico

The 2015 Golf will be produced in Puebla, Mexico, and is expected to go on sale in 2014, Volkswagen said. The German automaker unveiled the 2015 Golf at the New York International Auto Show. continue reading »

The Latino Coalition Partnering with U.S. Chamber of Commerce for 2013 Small Business Summit

The Latino Coalition Partnering with U.S. Chamber of Commerce for 2013 Small Business Summit

Steve Forbes, Bob Woodward, Jim Koch and Linda Alvarado, Daymond John and Barbara Corcoran to provide insight into business success continue reading »

Cuba Going Green with ‘Ecological Cement’

Cuba Going Green with ‘Ecological Cement’

The island nation of Cuba is going green with its 'ecological cement' that reduces carbon emissions when it is being made - the country hopes to be a pioneer in 'green' cement. continue reading »

Mexico’s Mexichem Acquires Assets of U.S. PolyOne for $250,000

Mexico’s Mexichem Acquires Assets of U.S. PolyOne for $250,000

Mexichem, one of Latin America's largest chemical and petrochemical companies, said it was acquiring all of U.S.-based PolyOne Corporation's vinyl dispersion, blending and suspension resin business. continue reading »

Bolivia Approves France’s Total Giving Gazprom Stakes in Gas Fields

Bolivia Approves France’s Total Giving Gazprom Stakes in Gas Fields

The Chamber of Deputies has approved changes in the operating contracts held by French oil major Total for two gas fields in eastern Bolivia, opening the way for Russia's Gazprom to acquire stakes in th continue reading »

Brazil’s New Oil Refinery in 33 Years Slated to Open 2014

Brazil’s New Oil Refinery in 33 Years Slated to Open 2014

Brazilian President Dilma Rousseff vowed that a refinery in the northeastern state of Pernambuco initially conceived as a joint project with Venezuela will be completed. continue reading »

Russia Is Launching Mexico’s Communication Satellite

Russia Is Launching Mexico’s Communication Satellite

A Proton-M rocket is scheduled to put Mexico's Satmex-8 communications satellite into orbit on Tuesday, Russia's Roscosmos space agency said. continue reading »

Peru Wants Argentine Oil Company to Clean Up Contaminated Amazon Region

Peru Wants Argentine Oil Company to Clean Up Contaminated Amazon Region

Peru's government will require Argentine oil firm Pluspetrol to rehabilitate a contaminated area in the Amazonian region of Loreto, the Andean nation's environment minister said Monday. continue reading »

Carlos Slim Foundation Supports Campaign to Improve Digital Literacy

Carlos Slim Foundation Supports Campaign to Improve Digital Literacy

Eligible Households Will be Able to Access Discounted High-Speed Internet and Low-Cost Computers - Carlos Slim Foundation Supports Connect2Compete's National Campaign Launch to Increase continue reading »

Financial Crisis Averted: Cyprus Gets $13BN European Bailout

Financial Crisis Averted: Cyprus Gets $13BN European Bailout

Cyprus on Monday reached a bailout agreement with its Eurozone partners and the International Monetary Fund that protects small bank depositors while penalizing holders of large accounts and shrinking the banking system. continue reading »