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Latin America Business News

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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 »

Corporate Tax Day Approaches in Costa Rica and Only 9 out of 10 Businesses Have Paid

Last Friday was the dreaded date for annual corporate taxes in Costa Rica to be paid. And either many businesses in the country forgot or they do not intend on paying continue reading »

Spanish Prime Minister Rajoy Advocates for Economic Growth with Latin America

Spanish Prime Minister Rajoy Advocates for Economic Growth with Latin America

Spanish Prime Minister Mariano Rajoy told leaders attending a summit here Sunday that countries should deal with the financial crisis by taking measures appropriate for their economic situation, Spanish officials said. continue reading »

Volkswagen to Begin Manufacturing Golf in Mexico in 2014

Volkswagen to Begin Manufacturing Golf in Mexico in 2014

German automaker Volkswagen said it will begin manufacturing its redesigned Golf model in Mexico in the first quarter of 2014. continue reading »

Coca-Cola FEMSA Acquires 51 Percent of Bottler in the Philippines

Coca-Cola FEMSA Acquires 51 Percent of Bottler in the Philippines

Mexico's Coca-Cola FEMSA said it has finalized the acquisition of a 51 percent stake in Coca-Cola Bottlers Philippines from The Coca-Cola Company for $688.5 million. continue reading »

Spain Extends Unemployment Benefits for Long-Term Jobless

Spain Extends Unemployment Benefits for Long-Term Jobless

Spain's conservative government on Friday approved an extension of a financial aid program for unemployed people whose eligibility for standard jobless benefits has expired and who lack income to pay their bills. continue reading »

Latin America News: Cuba Says Fiber-Optic Cable Working but Internet Access Down

Latin America News: Cuba Says Fiber-Optic Cable Working but Internet Access Down

Cuba's government announced Thursday that the underwater fiber-optic cable that arrived on the island in 2011 to improve its Internet connectivity has been operating since last year continue reading »

Latin America News: Brazilian President Cuts Electric Rates by 32% for Businesses, 18% for Homeowner

Latin America News: Brazilian President Cuts Electric Rates by 32% for Businesses, 18% for Homeowner

Brazil's electric rates are being cut new rates, which took effect on Thursday, are 18 percent lower for residential customers and up to 32 percent lower for business customers continue reading »

Former NFL Star Tony Gonzalez Stars in Ad to Promote Fitness App

Former NFL Star Tony Gonzalez Stars in Ad to Promote Fitness App

"Americans spend over $75 billion per year on health and fitness. And yet, two of every three Americans are either overweight or obese. It’s a huge, complex problem." continue reading »

Twitter Opens Office in Social Network-Crazed Brazil

Twitter Opens Office in Social Network-Crazed Brazil

Without even setting foot in Brazil, Twitter attracted 40 million subscribers in this social network-obsessed nation. Now the U.S. company is planning to open an office in Sao Paulo to cash in on that growth in a bustling market where rival Facebook has already set up shop. continue reading »

Spanish Unemployment Rate Now Over 26%

Spanish Unemployment Rate Now Over 26%

Spain's unemployment rate hit 26.02 percent in 2012, with more than 5.9 million people jobless, the Spanish National Statistics Institute, or INE, said Thursday. A total of 187,300 people were added to jobless rolls in the fourth quarter of continue reading »