Latin America Business News
Complete Archives
Mexican Left Question Chinese-backed Commercial Project in Cancun
December 28, 2012 | by HS News Staff
Leftist lawmakers have joined forces with business leaders in demanding that officials not issue building permits for a vast Chinese-backed commercial project in the Mexican Caribbean resort city of Cancun. continue reading »
Latin America News: Brazilian Set for 3rd Nuclear Power Plant
December 28, 2012 | by HS News Staff
Brazilian state-owned utility Eletrobras said Thursday that it secured an additional 3.8 billion reais ($1.85 billion) in financing for its third nuclear-power plant, Angra 3. continue reading »
Argentina’s Rainy Season Could Affect Global Grain Prices
December 27, 2012 | by Voice of America
Christmas rainstorms in Argentina further delayed soy and corn planting, keeping markets guessing about whether the grains powerhouse can produce enough this season to help bring high-flying global food prices down to earth. continue reading »
Latin America News: Regions Economy Performed Strongly in 2012 but Face Challenges
December 27, 2012 | by HS News Staff
The economies of Latin America and the Caribbean have performed strongly in the face of a challenging external environment, Inter-American Development Bank President Luis Alberto Moreno said, but the region needs to continue to pursue key reforms to ensure growth in the future. continue reading »
Spain’s Bankia Bank has Value of -$5.49 Billion
December 26, 2012 | by HS News Staff
Bankia, which was nationalized in May at its own request, has a negative value of 4.148 billion euros ($5.49 billion), Spain's state-backed FROB bank restructuring fund said Wednesday. continue reading »
Spain’s Luxury Goods and Services Sector Up 15 Percent from 2011
December 25, 2012 | by HS News Staff
Spanish firms offering luxury goods and services will end the year with total sales of 4.79 billion euros ($6.3 billion), up 15 percent over 2011. continue reading »
Mexico Sets Oil Price at $86 per Barrel in 2013
December 23, 2012 | by HS News Staff
The government has purchased options to cover crude exports at a price of $86 per barrel and ensure it meets the targets set in the Revenue Law, the Mexican Finance Secretariat said. continue reading »
Mexico’s Unemployment Rate Climbs to 5.12 Percent, Majority Working in Service Sector
December 21, 2012 | by HS News Staff
Mexico's unemployment rate stood at 5.12 percent in November, up from 4.97 percent in the same month of 2011, the National Institute of Statistics and Geography, or INEGI, said Friday. continue reading »
Pacific Rubiales Reaches Daily Production Goal of 280,000 Barrels in Colombia
December 20, 2012 | by HS News Staff
Canadian oil company Pacific Rubiales Energy said Wednesday it has reached its 2012 production target of 280,000-285,000 barrels of crude per day in Colombia despite licensing delays. continue reading »
Latin America News: Brazil’s Petrobras Finds Oil Reserve in Colombia
December 20, 2012 | by HS News Staff
State-controlled oil giant Petrobras said it found oil in a well in the upper basin of the Magdalena River in Colombia's Tolima province. continue reading »
Gap Announced PLan to Open First Store in Brazil
December 19, 2012 | by HS News Staff
Tuesday, Gap Inc. announced plans for the first stand-alone Gap stores in Brazil as part of the company’s continuing global expansion strategy. Gap Inc. signed an agreement with Tudo Bom Comércio Ltda. for the planned opening of the first stores in the fall of 2013. continue reading »
-120x111.jpeg)
Mexico’s PEMEX Hits High Oil Production Levels in 19 Months
December 19, 2012 | by HS News Staff
State-owned oil giant Petroleos Mexicanos, or Pemex, said production hit 2.57 million barrels per day (bpd) of crude in November, the highest level in the past 19 months. continue reading »
Donald Trump to Build Trump Towers Complex in Rio de Janeiro
December 19, 2012 | by HS News Staff
U.S. magnate Donald Trump will invest in the construction of a residential and office complex in the run-down port zone of Brazil's second-largest city, his business conglomerate announced Tuesday. continue reading »
“IPHONE” Launched in Brazil, Manufacturer Says He Owns Name
December 18, 2012 | by HS News Staff
The Brazilian electronics manufacturer IGB Eletronica on Tuesday launched a line of smartphones it is calling the "IPHONE," claiming that it owns the intellectual property rights to that name in this country. continue reading »
Latin American News: Region’s Trade Performance Weakens by 1.5% in 2012 to $1 Trillion
December 17, 2012 | by Inter-American Development Bank
After posting double digit gains in 2010-2011, Latin America’s export growth declined just 1.5 percent in 2012 for a total value of slightly more than $1 trillion, according to figures released by the Integration and Trade Sector of the Inter-American Development Bank (IDB). continue reading »
