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Latin America Business News

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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 »

Financially Ailing Mexico Gets Boost From Hotel Industry

Financially Ailing Mexico Gets Boost From Hotel Industry

The Mexican Pacific resort city of Acapulco, which is experiencing a severe financial crisis, is getting a boost from the hotel industry, which reported an occupancy rate of 97 percent, continue reading »

Bolivian Government Takes Over 4 Spanish-owned Firms

Bolivian Government Takes Over 4 Spanish-owned Firms

President Evo Morales announced Saturday the nationalization of four Bolivian units of Spanish utility Iberdrola, including the main electricity distributors in La Paz and Oruro provinces. continue reading »

Mexican Left Question Chinese-backed Commercial Project in Cancun

Mexican Left Question Chinese-backed Commercial Project in Cancun

Leftist lawmakers have joined forces with business leaders in demanding that officials not issue building permits for a vast Chinese-backed commercial project in the Mexican Caribbean resort city of Cancun. continue reading »

Latin America News: Brazilian Set for 3rd Nuclear Power Plant

Latin America News: Brazilian Set for 3rd Nuclear Power Plant

Brazilian state-owned utility Eletrobras said Thursday that it secured an additional 3.8 billion reais ($1.85 billion) in financing for its third nuclear-power plant, Angra 3. continue reading »

Argentina’s Rainy Season Could Affect Global Grain Prices

Argentina’s Rainy Season Could Affect Global Grain Prices

Christmas rainstorms in Argentina further delayed soy and corn planting, keeping markets guessing about whether the grains powerhouse can produce enough this season to help bring high-flying global food prices down to earth. continue reading »

Latin America News:  Regions Economy Performed Strongly in 2012 but Face Challenges

Latin America News:  Regions Economy Performed Strongly in 2012 but Face Challenges

The economies of Latin America and the Caribbean have performed strongly in the face of a challenging external environment, Inter-American Development Bank President Luis Alberto Moreno said, but the region needs to continue to pursue key reforms to ensure growth in the future. continue reading »

Spain’s Bankia Bank has Value of -$5.49 Billion

Spain’s Bankia Bank has Value of -$5.49 Billion

Bankia, which was nationalized in May at its own request, has a negative value of 4.148 billion euros ($5.49 billion), Spain's state-backed FROB bank restructuring fund said Wednesday. continue reading »

Spain’s Luxury Goods and Services Sector Up 15 Percent from 2011

Spain’s Luxury Goods and Services Sector Up 15 Percent from 2011

Spanish firms offering luxury goods and services will end the year with total sales of 4.79 billion euros ($6.3 billion), up 15 percent over 2011. continue reading »

Mexico Sets Oil Price at $86 per Barrel in 2013

Mexico Sets Oil Price at $86 per Barrel in 2013

The government has purchased options to cover crude exports at a price of $86 per barrel and ensure it meets the targets set in the Revenue Law, the Mexican Finance Secretariat said. continue reading »

Mexico’s Unemployment Rate Climbs to 5.12 Percent, Majority Working in Service Sector

Mexico’s Unemployment Rate Climbs to 5.12 Percent, Majority Working in Service Sector

Mexico's unemployment rate stood at 5.12 percent in November, up from 4.97 percent in the same month of 2011, the National Institute of Statistics and Geography, or INEGI, said Friday. continue reading »