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Latin America Business News

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Mexico Internet Use Up 12.5%, 63% of 12-34 Year Olds

Mexico Internet Use Up 12.5%, 63% of 12-34 Year Olds

The number of Internet users in Mexico soared 12.5 percent, compared to the previous year, to 49 million in 2013, the National Institute of Statistics and Geography, or INEGI, said Wednesday. Some 30.7 percent of Mexico's households are connected to the Internet, up 20.6 percent from the 2012 survey, the INEGI said. continue reading »

Mexico Unemployment Rate Down to 5.01 Percent

Mexico Unemployment Rate Down to 5.01 Percent

Mexico's unemployment rate was 5.01 percent in October, down slightly from the 5.04 percent rate registered in the same month in 2012, the National Institute of Statistics and Geography, or INEGI, said Monday. continue reading »

Brazil Launching 39 Wind Farms

Brazil Launching 39 Wind Farms

Brazil has awarded 25-year contracts for 39 wind farms to deal with an expected spike in power demand in 2016, officials said. continue reading »

REPORT: Check out Brands that Have Invaded Colombia

REPORT: Check out Brands that Have Invaded Colombia

Check out the brands that are taking over Colombian shopping malls. They are global brands and many are American. Brands like Forever 21 and Chili's are on top of the list. continue reading »

More Bad News for Spanish Economy, Bad Loan Ratios at Record-High

More Bad News for Spanish Economy, Bad Loan Ratios at Record-High

The ratio of non-performing loans to total outstanding loans held by Spanish banks rose to 12.68 percent in September, the highest level since the central bank began compiling that data more than 50 years ago. continue reading »

China Considers Importing Berries from Mexico

China Considers Importing Berries from Mexico

A mission of Chinese technicians will visit Mexico to certify the cultivation, packing and food-safety characteristics of blueberries, strawberries, raspberries and blackberries with a view to importing those fruit from the Latin American country, Mexican authorities said. continue reading »

U.S. to Provide $98.5 Million in Financing for Latin American Small Businesses

U.S. to Provide $98.5 Million in Financing for Latin American Small Businesses

The U.S. government through the State Department will make available $98.5 in financing for small-to-medium sizes businesses in Latin America. continue reading »

Mexico’s Unemployment Rate Ticks Up to 5.2 Percent

Mexico’s Unemployment Rate Ticks Up to 5.2 Percent

Mexico's unemployment rate was 5.2 percent in the third quarter, up slightly from the 5.1 percent rate registered in the same period in 2012, the National Institute of Statistics and Geography, or INEGI, said. continue reading »

Joaquin Hernandez Galicia Former Head of Mexico’s Powerful Oil Workers Union Dead at 91

Joaquin Hernandez Galicia Former Head of Mexico’s Powerful Oil Workers Union Dead at 91

The former leader of Mexico's powerful SNTPRM oil workers unions, Joaquin Hernandez Galicia, died Monday in the northeastern city of Tampico, media outlets said. He was 91. continue reading »

Brazilian VP Urges Chinese Leaders to Invest in His Country

Brazilian VP Urges Chinese Leaders to Invest in His Country

Brazilian Vice President Michel Temer on Friday urged Chinese business leaders to invest in his country, touting important "windows of opportunity" in the Latin American country. continue reading »

Argentina’s Pluspetrol to Invest $160 Million in Bolivia

Argentina’s Pluspetrol to Invest $160 Million in Bolivia

Argentine energy company Pluspetrol plans to invest some $160 million in 2014 to drill new wells and conduct seismic surveying in eastern Bolivia, according to Bolivian state-owned energy firm YPFB. continue reading »

Unemployment Rate Ticks Up to 7.3%, Latino Unemployment Rate Up to 9.1%

Unemployment Rate Ticks Up to 7.3%, Latino Unemployment Rate Up to 9.1%

The unemployment rate for October rose to 7.3 percent from 7.2 percent from the previous month. 204,000 jobs were added in October with the 16-day federal government shutdown having less of a negative impact than anticipated. continue reading »

Blackberry Closer to Final ¡Adios! As It Drops Sales Bid, Replaces CEO

Blackberry Closer to Final ¡Adios! As It Drops Sales Bid, Replaces CEO

Struggling Canadian smartphone maker Blackberry Ltd. said Monday it was scrapping a plan to sell itself, would replace its CEO and was receiving a cash infusion of $1 billion from its largest shareholder, Fairfax Financial. continue reading »

Counterfeit Capital of the World Peru Seizes More than $4 Million in Fake Currency Headed to U.S.

Counterfeit Capital of the World Peru Seizes More than $4 Million in Fake Currency Headed to U.S.

Peruvian police on Tuesday arrested a man who planned to travel to the United States with more than $4 million in counterfeit greenbacks and euros. continue reading »

Auto Dealers in Mexico Lower Sales Expectations

Auto Dealers in Mexico Lower Sales Expectations

Dealers are cutting their sales forecasts for this year from 1.07 million vehicles to between 1.06 million and 1.05 million units due to the uncertainty created by the tax reform package being debated continue reading »