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Latin America Business News

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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 »

Following Slower Than Expected Growth, Analysts Revise Brazil’s 2013 Forecast

Following Slower Than Expected Growth, Analysts Revise Brazil’s 2013 Forecast

Financial analysts have revised their 2013 growth forecasts for Brazil downward from 3.1 percent to 3.09 percent, the Brazilian Central Bank said in its Boletin Focus on Monday. continue reading »

Chevron Open to Mediation Over  $19 Billion Environmental Damage Fine

Chevron Open to Mediation Over $19 Billion Environmental Damage Fine

U.S. supermajor Chevron Corp. is open to having the Bolivarian Alternative for the Americas, or ALBA, or the Union of South American Nations, or Unasur, mediate with Ecuador, a high-level company executive said. continue reading »

San Antonio Trying to Attract Spanish Investors

San Antonio Trying to Attract Spanish Investors

San Antonio, Texas, the seventh-largest city in the United States, wants to attract Spanish investment and the attention of Spain to its historic heritage, especially its Franciscan missions, a continue reading »

As in Spain, Austerity Measures Spark Massive Protests in Portugal

As in Spain, Austerity Measures Spark Massive Protests in Portugal

For Lisbon and more than 30 cities in Portugal, Friday was a day of massive demonstrations expressing citizens' resentment and discontent after more t continue reading »

Taco Bell Using Lionel Richie Song (in Spanish) to Promote Cool Ranch Doritos Locos Taco

Taco Bell Using Lionel Richie Song (in Spanish) to Promote Cool Ranch Doritos Locos Taco

On March 7, 2013, Doritos Cool Ranch fans' wait will be over. Earlier this month, Taco Bell announced it would launching another soon-to-be blockbuster Doritos flavor to the Doritos Locos Tacos line-up: Cool Ranch Doritos Locos Tacos continue reading »