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Latin America Business News

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FactoryMade Ventures Forms Joint Venture With Lucha Libre AAA

FactoryMade Ventures Forms Joint Venture With Lucha Libre AAA

FactoryMade to Operate and Extend Wrestling League's IP in U.S. and International Territories Outside Mexico; Starlight Runner Entertainment to Lead Innovative Transmedia Development Initiative continue reading »

Spain Seeks Expansive Relationship with Brazil’s Defense Sector

Spain Seeks Expansive Relationship with Brazil’s Defense Sector

Spain wants to broaden the "intense" economic and political relationship it has with Brazil into the defense realm, the Iberian nation's defense minister told Efe here Tuesday. continue reading »

Latin America News:  Peru Inaugurates Two Solar Power Plants

Latin America News:  Peru Inaugurates Two Solar Power Plants

President Ollanta Humala has inaugurated two solar power plants in the southern Peruvian regions of Tacna and Moquegua built by Spain's Solar Pack and Gestamp Solar. continue reading »

Spanish Oil Company Steps Up Legal Action to Defend Interests in YPF

Spanish Oil Company Steps Up Legal Action to Defend Interests in YPF

The legal battle launched by Spanish oil company Repsol to defend its interests in YPF, which was nationalized by the Argentine government in 2012, has intensified with the filing of a lawsuit against Argentine petroleum firm Bridas. continue reading »

Banorte Buys Spain’s Bancomer Retirement Business for $1.7 Billion

Banorte Buys Spain’s Bancomer Retirement Business for $1.7 Billion

In Latin America business news Grupo Financiero Banorte has completed the $1.7 billion acquisition for the retirement business of Spain's Bancomer continue reading »

Baxter International to Cut 400 Jobs in Puerto Rico

Baxter International to Cut 400 Jobs in Puerto Rico

The Puerto Rico unit of Baxter International Inc. plans to eliminate 400 jobs at its pharmaceutical production facility in Aibonito, the town's mayor said Friday. continue reading »

US Unemployment Rate Drops to 7.7 Percent in February 2013

US Unemployment Rate Drops to 7.7 Percent in February 2013

The U.S. unemployment rate fell two-tenths of a percent in February to 7.7 percent, as 236,000 net jobs were created, the Labor Department said Friday. Economists had been expecting the creation of just 157,000 net continue reading »

Mexico Looking to Expand Tourism Markets

Mexico Looking to Expand Tourism Markets

Mexican officials said at ITB Berlin, the world's largest tourism fair, that their strategy was to expand tourist markets and increase spending by visitors. continue reading »

Tecate Leaves Mexican Ad Agency for U.S. – Better Translation Services Cited

Tecate Leaves Mexican Ad Agency for U.S. – Better Translation Services Cited

Mexican beer Tecate, distributed exclusively by Heineken USA, has announced it is leaving its Mexican ad agency for an American choice so that it can receive a better translated product. continue reading »

Mexico Gives $1.2 Billion Lifeline To Struggling Homebuilding Industry

Mexico Gives $1.2 Billion Lifeline To Struggling Homebuilding Industry

The Mexican government has announced that it will be cover up to 30% of bad bank loans taken out by homebuilders and guaranteeing up to 50% of loans taken out by “healthy” homebuilders, in essence throwing them a $1.2 billion lifeline. continue reading »

Spain’s Repsol to Reduce Its Environmental Efforts in Ecuadorian Amazon

Spain’s Repsol to Reduce Its Environmental Efforts in Ecuadorian Amazon

Spanish oil major Repsol said Wednesday it plans to invest around $9 million this year in environmental prevention and remediation at the two blocks in operates in the Ecuadorian Amazon, a 10 percent drop relative to 2012. continue reading »

Mexico and New Zealand Leaders Celebrate 40 Years of Diplomatic Relations

Mexico and New Zealand Leaders Celebrate 40 Years of Diplomatic Relations

New Zealand Prime Minister John Key is the first head of state to pay a visit to Mexico's new President Enrique Peña Nieto. Key and the Mexican president discussed expanding trade between regions. continue reading »

Record High for Wall Street

Supported by the massive monetary stimulus of the Federal Reserve and a gradual recovery in the world's largest economy, the New York Stock Exchange's benchmark in continue reading »

Carlos Slim Tops Forbes Richest List Again, Spain’s Ortega Moves to 3rd

Carlos Slim Tops Forbes Richest List Again, Spain’s Ortega Moves to 3rd

Mexican mogul Carlos Slim topped the Forbes list of billionaires for the fourth year in a row, while Spanish clothing magnate Amancio Ortega vaulted ahead of U.S. inv continue reading »

Latin America News:  Peru Seeking to Become World’s #1 Copper Producer

Latin America News:  Peru Seeking to Become World’s #1 Copper Producer

In Latin America news, Peru is seeking to becoming the world's number one producer of copper and see that it can accomplish that goal in the next 10 to 15 years. Currently Peru is the second largest producer of copper behind Chile continue reading »