Latin America Business News
Complete Archives
Japan’s Kirin Beer Expected to Expand Its Presence in Brazil
January 15, 2013 | by HS News Staff
The Brazilian unit of Japan's Kirin wants to increase its market share in this South American country via organic growth of its brands, such as Devassa beer, company executives said. continue reading »
Latin America News: Mexico Set to Buy Fertilizer from Ukraine
January 14, 2013 | by HS News Staff
Negotiations are taking place for Mexico to "purchase up to 500,000 tons annually" of fertilizer from Ukraine, the National Peasants Confederation, or CNC, said. continue reading »
Property Taxes on ‘Luxury’ Homes in Costa Rica Increase 10-Fold
January 14, 2013 | by HS News Staff
The Ministry of Hacienda Tax in Costa Rica has readjusted the property values of ‘luxury’ homes therefore increasing real estate taxes ten-fold. continue reading »
Brazilian Government OKs Power Line Run by Spanish Firm
January 12, 2013 | by HS News Staff
Brazil's environmental protection agency said it has granted Spanish company Isolux Energia a license to operate a power transmission line between the southeastern states of Sao Paulo and Rio de Janeiro. continue reading »
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 »
