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Latin America Business News

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Brazilian Government OKs Power Line Run by Spanish Firm

Brazilian Government OKs Power Line Run by Spanish Firm

Brazil's environmental protection agency said it has granted Spanish company Isolux Energia a license to operate a power transmission line between the southeastern states of Sao Paulo and Rio de Janeiro. continue reading »

Mexico Continues Bribery Investigation of Walmart

Mexico Continues Bribery Investigation of Walmart

The Mexican unit of U.S.-based retail giant Wal-Mart Stores Inc. said in a statement that it has provided information regarding the corruption allegations it faces and reiterated its pledge to continue cooperating with Mexican authorities. continue reading »

Spanish PM Rajoy Announces Spanish-Algerian Business Summit for March

Spanish PM Rajoy Announces Spanish-Algerian Business Summit for March

Spanish Prime Minister Mariano Rajoy announced Thursday that business leaders from his country and Algeria will gather here in March for a summit to explore investment opportunities. continue reading »

Mexico’s Auto Production up 12.8% in 2012

Mexico’s Auto Production up 12.8% in 2012

Mexico's production of motor vehicles grew 12.8 percent last year to a record 2.88 million units as exports increased 9.9 percent to 2.35 million, also a new high, the AMIA industry association said Thursday. The strength of the export sector compensated for slow sales at home, AMIA said. continue reading »

$210M Increase in Small Business Lending at Illinois Institutions Receiving Capital through SBLF

$210M Increase in Small Business Lending at Illinois Institutions Receiving Capital through SBLF

The U.S. Department of the Treasury yesterday released a new report showing that Illinois institutions receiving capital through the Small Business Lending Fund (SBLF) c continue reading »

Spain’s Repsol Begins Oil Production at “Megafield” in Brazil

Spain’s Repsol Begins Oil Production at “Megafield” in Brazil

Spanish oil major Repsol has begun commercial production at the pre-salt Sapinhoa "megafield" after connecting a producing well to an FPSO with the capacity to extract 120,000 barrels of oil per day. continue reading »

Spain and France Connect via High-Speed Rail

Spain and France Connect via High-Speed Rail

Spain inaugurated on Tuesday a rail line from Barcelona to the French border that completes the process of linking the two nations' high-speed passenger rail services. continue reading »

ICE Cracks Massive International Cyber-Theft Ring, Responsible for $100M in Losses

ICE Cracks Massive International Cyber-Theft Ring, Responsible for $100M in Losses

A Chinese national pleaded guilty late yesterday to conspiracy to commit criminal copyright infringement and wire fraud. The individual operated a website used to distribute more than $100 million worth of pirated continue reading »

World’s Tech Spending Expected to Grow 4% in 2013

World’s Tech Spending Expected to Grow 4% in 2013

Worldwide expenditure on technological products will reach $1.1 trillion this year, 4 percent more than in 2012, thanks to the demand for tablet computers and smartphones, according to a report from the U.S. Consumer Electronics Association. continue reading »

Latin America News:  Brazil Auto Production Down by 1.9% in 2012

Latin America News:  Brazil Auto Production Down by 1.9% in 2012

Vehicle production in Brazil came in at 3.34 million units last year, down from 3.4 million in 2011 and the first annual decline since 2009, the Anfavea industry association said Monday. continue reading »

Latin America News:  Bolivia and China Partner to Make Lithium Batteries

Latin America News:  Bolivia and China Partner to Make Lithium Batteries

Bolivia will receive a $2.9 million Chinese-made pilot plant for manufacturing lithium-ion batteries in the next few weeks, with production expected to start up in the second half of this year, a government official said. continue reading »

Latin America News:  Brazil Expected to have Slowest Growth in Region

Latin America News:  Brazil Expected to have Slowest Growth in Region

Brazil's average annual economic growth rate between 2011 and 2013 will be the lowest of all Latin American countries, according to analysis published Thursday by the Folha de Sao Paulo newspaper. continue reading »

Latin America News: Remittances to Mexico Fall in November by 5.1%

Latin America News: Remittances to Mexico Fall in November by 5.1%

Mexico received $1.69 billion in remittances in November, down 5.1 percent from the same month in 2011, the central bank said Wednesday. continue reading »

Spanish Utlity Company Sells 32 Wind Farms in France

Spanish Utlity Company Sells 32 Wind Farms in France

Spanish utility company Iberdrola said Monday it sold 32 wind farms in France to U.S.-based General Electric, Meag and France's EDF for 400 million euros (nearly $528 million). continue reading »

Cuba’s New Tax Law Takes Effect - Intended to Improve “Economic Conditions”

Cuba’s New Tax Law Takes Effect - Intended to Improve “Economic Conditions”

Cuba enacted this Jan. 1 a new Tax Law to continue the government's "modernization" of socialism with economic reforms that revamp the tax culture of a country where taxes have continue reading »