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Latin America Business News

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Brazil, Russia Enter Into Strategic Cooperation Agreement

Brazil, Russia Enter Into Strategic Cooperation Agreement

The leaders of Russia and Brazil, two giants of the world economy seeking a more powerful global role, sealed a strategic cooperation pact Friday to promote their interests jointly in a multipolar world. continue reading »

HSBC “We Accept Responsibility” for Washing Nearly $1Billion in Narco Money

HSBC “We Accept Responsibility” for Washing Nearly $1Billion in Narco Money

DEA, FBI and other federal officials announced today that HSBC Holdings plc – a United Kingdom corporation headquartered in London – and HSBC Bank USA have agreed to forfeit $1.256 billion and enter into a deferred prosecution agreement with the Justice Department. continue reading »

Spain Microfinance Foundation Helps 1,200 Puerto Rican Projects

Spain Microfinance Foundation Helps 1,200 Puerto Rican Projects

Spanish banking giant BBVA's Microfinance Foundation has contributed some $4.7 million over the past two years to fund 1,200 small businesses in Puerto Rico, the bank sa continue reading »

Petrobras Announces Deep-water Oil Find in Brazil

Petrobras Announces Deep-water Oil Find in Brazil

State-controlled oil company Petrobras on Wednesday announced a new light oil find in ultra-deep waters off Brazil's northeastern coast. continue reading »

Venezuela and South Korea’s Samsung Working on Electronic Parts Venture

Venezuela and South Korea’s Samsung Working on Electronic Parts Venture

Venezuela and South Korean multinational Samsung have agreed to form a joint venture to manufacture telecommunications components, Science and Technology Minister Ricardo Menendez said. continue reading »

Carlos Slim Facing Increased Scrutiny of Telecommunications Monopoly, Rally Planned

Carlos Slim Facing Increased Scrutiny of Telecommunications Monopoly, Rally Planned

On Thursday, December 6, hundreds of Los Angeles Latino and community leaders are joining Two Countries One Voice in a rally against the world's richest man, Carlos Slim, 72, and calling on the California Public Utilities C continue reading »

Spanish and Latin American Businesses Make Investment Pitches to Chinese Companies

Companies, investment promotion agencies and diplomats from more than 140 countries, among them Spain and several from Latin America, attended the fourth edition of the China Overseas Investment Fair. continue reading »

Univision Rebrands TeleFutura as UniMas to Attract Younger Latinos

Univision Rebrands TeleFutura as UniMas to Attract Younger Latinos

Univision announced Monday the rebranding of its TeleFutura channel as UniMas, with content including series, sports and movies in Spanish targeting the younger generation of Latinos. continue reading »

Panama Makes Inroad to Becoming Regional Diamond Trading Power

Panama Makes Inroad to Becoming Regional Diamond Trading Power

The Panamanian government announced that it has been unanimously admitted to the Kimberley Process Certification Scheme, a program meant to keep conflict diamonds off the world market. continue reading »

CNN Latino Channel to Debut Early Next Year

CNN Latino Channel to Debut Early Next Year

CNN increases its programming for the U.S. Hispanic audience with the launch in late January of CNN Latino, a content service designed with broadcast stations in mind. continue reading »

Remittances to Mexico Between January and October Drop 7.1%

Remittances to Mexico Between January and October Drop 7.1%

Mexico in October received nearly $1.78 billion in remittances, a drop of 7.1 percent compared with the same month in 2011, the country's central bank said Monday. Accumulated remittances from January to October added up to $19.04 billion, continue reading »

Iberia Airlines Employees Schedule Pre-Christmas Strikes

Iberia Airlines Employees Schedule Pre-Christmas Strikes

Unions representing employees of Spanish airline Iberia said Thursday they will go on strike for six days prior to the Christmas holidays. continue reading »

Starbucks Sells $7 Costa Rican Coffee - Its Most Expensive Yet

Starbucks Sells $7 Costa Rican Coffee - Its Most Expensive Yet

Coffee giant Starbucks recently began selling a Costa Rican cup ‘o’ joe for up to $7 per cup. Starbucks is now offering Costa Rica Finca Palmilera, which is made from Geisha, continue reading »

Paraguay Hopes to Join Petroleum Producers Club after Large Oil Find

Paraguay Hopes to Join Petroleum Producers Club after Large Oil Find

A large oil discovery has been made in the Chaco region and Paraguay could join the petroleum producers club in 2013, President Federico Franco said. continue reading »

Mexican Economy Expected to Grow 3.3% in 2013, Slightly Down from 2012

Mexican Economy Expected to Grow 3.3% in 2013, Slightly Down from 2012

Mexico's economy, which will grow 3.8 percent this year, will see growth slow to 3.3 percent in 2013 due to weakness in some of its main trade partners before rebounding and growing 3.6 percent in 2014 continue reading »