Latin America Business News
Complete Archives
Mexico Continues Bribery Investigation of Walmart
January 12, 2013 | by HS News Staff
The Mexican unit of U.S.-based retail giant Wal-Mart Stores Inc. said in a statement that it has provided information regarding the corruption allegations it faces and reiterated its pledge to continue cooperating with Mexican authorities. continue reading »
Spanish PM Rajoy Announces Spanish-Algerian Business Summit for March
January 10, 2013 | by HS News Staff
Spanish Prime Minister Mariano Rajoy announced Thursday that business leaders from his country and Algeria will gather here in March for a summit to explore investment opportunities. continue reading »
Mexico’s Auto Production up 12.8% in 2012
January 10, 2013 | by HS News Staff
Mexico's production of motor vehicles grew 12.8 percent last year to a record 2.88 million units as exports increased 9.9 percent to 2.35 million, also a new high, the AMIA industry association said Thursday. The strength of the export sector compensated for slow sales at home, AMIA said. continue reading »
$210M Increase in Small Business Lending at Illinois Institutions Receiving Capital through SBLF
January 9, 2013 | by HS News Staff
The U.S. Department of the Treasury yesterday released a new report showing that Illinois institutions receiving capital through the Small Business Lending Fund (SBLF) c continue reading »
Spain’s Repsol Begins Oil Production at “Megafield” in Brazil
January 9, 2013 | by HS News Staff
Spanish oil major Repsol has begun commercial production at the pre-salt Sapinhoa "megafield" after connecting a producing well to an FPSO with the capacity to extract 120,000 barrels of oil per day. continue reading »
Spain and France Connect via High-Speed Rail
January 8, 2013 | by HS News Staff
Spain inaugurated on Tuesday a rail line from Barcelona to the French border that completes the process of linking the two nations' high-speed passenger rail services. continue reading »
ICE Cracks Massive International Cyber-Theft Ring, Responsible for $100M in Losses
January 8, 2013 | by HS News Staff
A Chinese national pleaded guilty late yesterday to conspiracy to commit criminal copyright infringement and wire fraud. The individual operated a website used to distribute more than $100 million worth of pirated continue reading »
World’s Tech Spending Expected to Grow 4% in 2013
January 7, 2013 | by HS News Staff
Worldwide expenditure on technological products will reach $1.1 trillion this year, 4 percent more than in 2012, thanks to the demand for tablet computers and smartphones, according to a report from the U.S. Consumer Electronics Association. continue reading »
Latin America News: Brazil Auto Production Down by 1.9% in 2012
January 7, 2013 | by HS News Staff
Vehicle production in Brazil came in at 3.34 million units last year, down from 3.4 million in 2011 and the first annual decline since 2009, the Anfavea industry association said Monday. continue reading »
Latin America News: Bolivia and China Partner to Make Lithium Batteries
January 7, 2013 | by HS News Staff
Bolivia will receive a $2.9 million Chinese-made pilot plant for manufacturing lithium-ion batteries in the next few weeks, with production expected to start up in the second half of this year, a government official said. continue reading »
Latin America News: Brazil Expected to have Slowest Growth in Region
January 3, 2013 | by HS News Staff
Brazil's average annual economic growth rate between 2011 and 2013 will be the lowest of all Latin American countries, according to analysis published Thursday by the Folha de Sao Paulo newspaper. continue reading »
Latin America News: Remittances to Mexico Fall in November by 5.1%
January 2, 2013 | by HS News Staff
Mexico received $1.69 billion in remittances in November, down 5.1 percent from the same month in 2011, the central bank said Wednesday. continue reading »
Spanish Utlity Company Sells 32 Wind Farms in France
January 2, 2013 | by HS News Staff
Spanish utility company Iberdrola said Monday it sold 32 wind farms in France to U.S.-based General Electric, Meag and France's EDF for 400 million euros (nearly $528 million). continue reading »
Cuba’s New Tax Law Takes Effect - Intended to Improve “Economic Conditions”
January 1, 2013 | by HS News Staff
Cuba enacted this Jan. 1 a new Tax Law to continue the government's "modernization" of socialism with economic reforms that revamp the tax culture of a country where taxes have continue reading »
Financially Ailing Mexico Gets Boost From Hotel Industry
December 31, 2012 | by HS News Staff
The Mexican Pacific resort city of Acapulco, which is experiencing a severe financial crisis, is getting a boost from the hotel industry, which reported an occupancy rate of 97 percent, continue reading »
