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Latin America Business News

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Spain Sees its Investments in LatAm as Secure

Spain Sees its Investments in LatAm as Secure

Spain's top official for relations with Latin America said Tuesday that the investments of Spanish companies in Latin America are safe despite the problems in specific countries such as Argentina and Bolivia. continue reading »

Ryanair Signs $15.6 Billion Deal with Boeing for 175 Airliners

Ryanair Signs $15.6 Billion Deal with Boeing for 175 Airliners

Irish budget airline Ryanair Holdings said Tuesday it has signed an agreement with Boeing to purchase 175 737-800 airliners for around $15.6 billion (12 billion euros). continue reading »

Latino Coalition, Biz2Credit Launch Hispanic Online Platform for Small Business Financing

Latino Coalition, Biz2Credit Launch Hispanic Online Platform for Small Business Financing

Biz2Credit, the #1 online credit resource for small businesses, and The Latino Coalition (www.thelatinocoalition.com) today announced a partnership in which Biz2Credit will be the go-to financing resource for th continue reading »

Latin America News: Economists Cut Economic Growth Rate for Brazil

Latin America News: Economists Cut Economic Growth Rate for Brazil

In Latin America news, analysts have lowered their 2013 growth forecast for the Brazilian economy from 3.1 percent to 3.03 percent, the central bank announced. continue reading »

Chile Revels in Its New Cutting Technology

Chile Revels in Its New Cutting Technology

In Latin American business news, Chile is reveling in its cutting-edge technology in the Atacama desert. The new $1.4 billion observatory contains the power of 3 million computers into one telescope. continue reading »

Santiago Seeks $500-$600 Million in Financing to Expand Mass Transit System

Santiago Seeks $500-$600 Million in Financing to Expand Mass Transit System

In Latin American business news, the city of Santiago, Chile may seek $500-$600 million to upgrade its mass transit system continue reading »

Slim May Fall to Number 2 on Forbes’ List of Billionaires

Slim May Fall to Number 2 on Forbes’ List of Billionaires

Mexican magnate Carlos Slim could lose his position as the world's wealthiest individual after proposed telecommunications legislation sent the share price of his America Movil phone company sharply lower, Forbes magazine reported. continue reading »

Brazilian Gov’t Offers Millions in Loans to Innovative Firms

Brazilian Gov’t Offers Millions in Loans to Innovative Firms

The Brazilian government announced it will offer 32.9 billion reais ($16.5 billion) in loans over the next two years to companies using technological innovation to improve their competitiveness. continue reading »

Spain’s Inditex Opened 121 Stores in China in Fiscal 2012

Spain’s Inditex Opened 121 Stores in China in Fiscal 2012

Inditex, owner of the Zara retail chain, said in a filing Wednesday with securities regulators that it opened 121 stores in China last year, making the Asian country its No. continue reading »

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 »