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Latin America Business News

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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 »

Brazil’s Solidarium Website Brings Small Community Retailers into World Market

Brazil’s Solidarium Website Brings Small Community Retailers into World Market

Coming from different regions, these artists will be able to show that their works genuinely deserve our deepest admiration. continue reading »

European Union Fines Portugal’s Telecom and Spain’s Telefonica

European Union Fines Portugal’s Telecom and Spain’s Telefonica

The European Commission imposed a 79-million-euro ($104.96-million) fine Wednesday on Spain's Telefonica and Portugal Telecom for agreeing not to compete against each other in the Iberian market. continue reading »

Mexico Ready to Boost Its $11 Billion Tourism Sector

Mexico Ready to Boost Its $11 Billion Tourism Sector

Mexico is striving to diversify its tourism sector and overcome an image of insecurity created by thousands of gangland killings. continue reading »

Acapulco Has Repaid Debt, Allowed to Borrow Again

Acapulco Has Repaid Debt, Allowed to Borrow Again

The world famous Mexican Pacific resort city of Acapulco has repaid the debt it owed a bank and will be able to resume borrowing in the next few days, Mayor Luis Walton said. continue reading »

Mexico’s Public Debt Equal to 36% of Its GDP, Allowed to Borrow $7B on Foreign Markets

Mexico’s Public Debt Equal to 36% of Its GDP, Allowed to Borrow $7B on Foreign Markets

Mexico's total public debt is at 35.8 percent of the gross domestic product, the Finance Secretariat said. continue reading »

Spain’s Economy Contract 1.3%, Unemployment Hovers Around 26%

Spain’s Economy Contract 1.3%, Unemployment Hovers Around 26%

The Spanish economy contracted 1.3 percent in 2012, with the recession intensifying in the last quarter of the year and the gross domestic product falling 0.60 percent, compared to the previous quarter, while the unemployment rate neared 26 percent, the Bank of Spain said Wednesday. continue reading »

Banco Santander’s Emilio Botin Says He’s Only Looking to Buy in Brazil, Not Sell

Banco Santander’s Emilio Botin Says He’s Only Looking to Buy in Brazil, Not Sell

Banco Santander chairman Emilio Botin denied Tuesday that he is selling his company's assets in Brazil and said his bank is only interested in "buying" in the continue reading »

Latin America News: Peru Peasants Protest Canadian Mining Project

Latin America News: Peru Peasants Protest Canadian Mining Project

More than 200 peasants staged a protest against Canadian mining firm Candente Copper and blocked roadways in Cañaris, a district in northern Peru, to demand that the company cease activities in the zone, police said. continue reading »

Spain Did Not Meet 2012 Deficit Goals EC Assumes

Spain Did Not Meet 2012 Deficit Goals EC Assumes

The European Commission said in a report issued Tuesday that it was assuming that Spain did not achieve the goal of reducing its public-sector deficit to less than 6.3 percent of the gross domestic product in 2012. continue reading »

Carlos Slim’s America Movil to Buy CIE Media

Carlos Slim’s America Movil to Buy CIE Media

Mexico City-based wireless giant America Movil has agreed to buy the media and advertising division of Corporacion Interamericana de Entretenimiento for nearly 1.7 billion pesos ($132 million), CIE said Monday. continue reading »

Spain: Prime Minister Orders Audit of Popular Party’s Accounts

Spain: Prime Minister Orders Audit of Popular Party’s Accounts

Spanish Prime Minister Mariano Rajoy said Monday he has commissioned an external audit of the governing Popular Party's accounts, an inspection that will complement a forthcoming internal audit. continue reading »