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Latin America Business News

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Environmentalists to EU: Stop Allowing Companies to Buy Carbon Credits

Environmentalists to EU: Stop Allowing Companies to Buy Carbon Credits

More than 75 environmental organizations on Monday urged the European Parliament to end the European Union's Emissions Trading Scheme, launched seven years ago as a market-oriented way of reducing pollution and greenhouse gases. continue reading »

Mexican Oil Field Produced 865,000 Barrels Per Day in December

Mexican Oil Field Produced 865,000 Barrels Per Day in December

Output at Ku-Maloob-Zaap, Mexico's most productive oil field, climbed to a record high of 865,000 barrels per day in December, state-owned oil monopoly Petroleos Mexicanos said. continue reading »

World Press Photo Award Winners Announced

World Press Photo Award Winners Announced

Swede Paul Hansen was announced Friday as the winner of the World Press Photo of the Year 2012 prize for a shot portraying the desperation of a group of Palestinian men during a funeral procession in Gaza. continue reading »

Warren Buffett’s Berkshire Hathaway Inc. Joins Brazil 3G Capital in H.J. Heinz Acquisition

Warren Buffett’s Berkshire Hathaway Inc. Joins Brazil 3G Capital in H.J. Heinz Acquisition

Billionaire Warren Buffett's Berkshire Hathaway Inc. said Thursday it joined forces with Brazilian investment fund 3G Capital to purchase U.S. food giant H.J. Heinz for $28 billion, including the assumption of outstanding debt. continue reading »

Brazil Rejects Apple’s Bid to Register iPhone Name in Country, Already Belongs to Someone

Brazil Rejects Apple’s Bid to Register iPhone Name in Country, Already Belongs to Someone

Apple has filed a challenge with Brazil's INPI trademark and patent office in a bid to secure the right to sell smartphones with the iPhone name in the giant South American country. continue reading »

Eurocopter Celebrates 30-Years In Mexico by Investing $550 Million for Expanded Operations

Eurocopter Celebrates 30-Years In Mexico by Investing $550 Million for Expanded Operations

Eurocopter plans to invest up to $550 million in Mexico over the next few years, the European aviation company's president and CEO, Lutz Bertling, said. continue reading »

Pemex Lends $39.3 Million to Workers’ Union Interest-free

Pemex Lends $39.3 Million to Workers’ Union Interest-free

Mexican state-owned oil monopoly Petroleos Mexicanos made a 10-year, interest-free loan for 500 million pesos ($39.3 million) to the union representing its employees, Mexico City daily Reforma reported Thursday. continue reading »

Billionaire Buddies Carlos Slim and Bill Gates in Mexico to Inaugurate New Bioscience Center

Billionaire Buddies Carlos Slim and Bill Gates in Mexico to Inaugurate New Bioscience Center

Bill Gates and Carlos Slim, who control the world's two largest fortunes, inaugurated a bioscience center in Mexico that will conduct research to improve wheat and corn seeds to fight hunger. continue reading »

Spain’s Foreign Minister in Japan Hoping to Improve Economic Growth

Spain’s Foreign Minister in Japan Hoping to Improve Economic Growth

Spain is looking to Japan as an ally for achieving economic growth via the "creation of joint enterprises" in areas of common interest, Spanish Foreign Minister Jose Manuel Garcia-Margallo told Efe Wednesday. continue reading »

Mexican President Peña Nieto Presents Wide Reaching Crime-Prevention Plan

Mexican President Peña Nieto Presents Wide Reaching Crime-Prevention Plan

President Enrique Peña Nieto launched Tuesday a national plan to address both the effects and the root causes of the gangland violence blamed for 70,000 deaths in Mexico over the past six years. continue reading »

Spain’s King Juan Carlos Meet with Latin American Leaders

Spain’s King Juan Carlos Meet with Latin American Leaders

Spain's King Juan Carlos met on Tuesday with a former Chilean president, Mexico's erstwhile top diplomat and the head of the Ibero-American Summit organization to discuss ways to make the annual gatherings more effective. continue reading »

Chile, Brazil, Peru, Mexico and Colombia Have Best Climate for Private-Public Partnerships

Chile, Brazil, Peru, Mexico and Colombia Have Best Climate for Private-Public Partnerships

Chile, Brazil, Peru, Mexico and Colombia are the countries in Latin America and the Caribbean most able to carry out sustainable public-private partnerships (PPPs) to develop infrastructure and increase access to basic services, according to the continue reading »

Nicaragua Electric Utilities Disnorte Dissur Sold for $57.8 Million

Nicaragua Electric Utilities Disnorte Dissur Sold for $57.8 Million

Spanish energy company Gas Natural Fenosa said Tuesday it sold its stakes in Nicaraguan electric utilities Disnorte and Dissur for $57.8 million. continue reading »

Mexico’s Carlos Slim and Bill Gates Join Forces to Reduce Hunger through Technology

Mexico’s Carlos Slim and Bill Gates Join Forces to Reduce Hunger through Technology

Billionaires Carlos Slim and Bill Gates said they planned to use their foundations to promote research and the development of agricultural technology to increase farmers' productivity and reduce hunger among the world's poor people. continue reading »

Spain’s Iberia Airlines to Cut Nearly 4,000 Jobs, Loses $1.14 Billion Over 4 Years

Spain’s Iberia Airlines to Cut Nearly 4,000 Jobs, Loses $1.14 Billion Over 4 Years

Spain's Iberia airlines said Tuesday it planned to eliminate 3,807 jobs, or 19 percent of its workforce, and urged labor unions to call off planned strikes. continue reading »