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Latin America Business News

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JUST IN:  Blast at PEMEX Headquarters Leaves 14 Dead and 100 Injured in Mexico

JUST IN:  Blast at PEMEX Headquarters Leaves 14 Dead and 100 Injured in Mexico

Mexican authorities are reporting a blast at the headquarters complex of state-owned Petroleos Mexicanos (PEMEX). The blast has killed 14 people and injured 100. Early reports say that some type of machinery exploded in the basement of an administration building. The explosion occurred near 4:00 p.m. local time. continue reading »

Puerto Rico Businesses Plan to Spend More on Social Media

Puerto Rico Businesses Plan to Spend More on Social Media

Puerto Rico's businesses plan to spend up to 10 percent of their advertising budgets on social media this year, focusing on social-networking giants Facebook and Twitter, a new report said. continue reading »

Latin America News:  Mexico’s Economy Grows 4 Percent in 2012

Latin America News:  Mexico’s Economy Grows 4 Percent in 2012

Mexico's gross domestic product grew around 4 percent in real terms in 2012 and 3.6 percent in the fourth quarter of the year, the Finance and Public Credit Secretariat said. continue reading »

Mexico Cracks Down on “Narco-Miners”

Mexico Cracks Down on “Narco-Miners”

Mexico’s Attorney General’s Office (Procuraduría General de la República, PGR) this month has frozen the finances of the Coahuila-based mining company Materiales Industrializados, an alleged narco-miner continue reading »

Justice Dept Sues to Block Anheuser-Busch Purchase of Mexico’s Grupo Modelo Beer

Justice Dept Sues to Block Anheuser-Busch Purchase of Mexico’s Grupo Modelo Beer

The Department of Justice filed a civil antitrust lawsuit today challenging Anheuser-Busch InBev’s (ABI) proposed acquisition of total ownership and control of Grupo Modelo. continue reading »

Mexican President Peña Nieto Says No To Privatizing PEMEX

Mexican President Peña Nieto Says No To Privatizing PEMEX

State-owned oil giant Petroleos Mexicanos, or Pemex, will not be privatized and the public should be wary of those who seek to "mislead or confuse" this issue, President Enrique Peña Nieto said. continue reading »

BlackBerry 10 Launches with Collection of Univision Apps

BlackBerry 10 Launches with Collection of Univision Apps

We are one month into 2013 and if there's one trend that is very clear in the marketplace these past four weeks, it is the significantly growing importance of Hispanics and digital. We marked a milestone today launching a new partnership with BlackBerry. continue reading »

Toyota Safety Recall for 1 Million Corollas and Lexus IS Sedans

Toyota Safety Recall for 1 Million Corollas and Lexus IS Sedans

Toyota Motor Sales, U.S.A., Inc. (TMS), will conduct two separate safety recalls involving approximately 752,000 Corolla and Corolla Matrix vehicles and approximately 270,000 Lexus IS vehicles. continue reading »

Spanish Hotels See Great Opportunity in Latin America

Spanish Hotels See Great Opportunity in Latin America

Spanish hoteliers, who have enjoyed a significant presence in Latin America for decades, see in Brazil, Chile and Colombia the best growth potential in a region that is already home to some 700 Spanish-owned hotels. continue reading »

STUDY: Crime Cost Uruguay 3.1 Percent of GNP, At Least $1.2 Billion

STUDY: Crime Cost Uruguay 3.1 Percent of GNP, At Least $1.2 Billion

The cost of crimes against property and people in Uruguay in 2010 totaled at least $1.2 billion, which was equivalent to 3.1 percent of the country’s gross national product. continue reading »

High-Speed Rail Coming to Central Mexico

High-Speed Rail Coming to Central Mexico

Mexico's federal government and officials from the central state of Queretaro signed an agreement to build a high-speed rail system, Communications and Transportation Secretary Gerardo Ruiz Esparza said. continue reading »

Mexico’s PEMEX Takes Delivery of Environmentally-Friendly Ships

Mexico’s PEMEX Takes Delivery of Environmentally-Friendly Ships

Oil giant Petroleos Mexicanos, or Pemex, said it took delivery of two ships from South Korea's SPP Shipbuilding Group. continue reading »

Cuba’s Raul Castro Now President of Latin America’s CELAC Group

Cuba’s Raul Castro Now President of Latin America’s CELAC Group

"Don't worry, it will only be one year," Cuban President Raul Castro said Monday as his country assumed the rotating presidency of the Community of Latin American and Caribbean States, or Celac, at the group's summit in Santiago. continue reading »

Management of San Juan Airport Will Garner Mexico’s Grupo Aeroportuario Millions in Fees

Management of San Juan Airport Will Garner Mexico’s Grupo Aeroportuario Millions in Fees

Mexico's Grupo Aeroportuario del Sureste says it expects annual revenues of $11 million to $17 million from managing San Juan airport, the largest in Puerto Rico and the Caribbean region. continue reading »

Mexico’s Leftist Party Plans Campaign to Protect State-Owned Pemex

Mexico’s Leftist Party Plans Campaign to Protect State-Owned Pemex

The leftist opposition Party of the Democratic Revolution, or PRD, plans to organize a national campaign to protect state-owned oil giant Petroleos Mexicanos, or Pemex, party officials said. continue reading »