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Latin America Business News

Complete Archives

Spanish Retailer, Amancio Ortega, Replaces Warren Buffett as Third-Richest in the World

Spanish Retailer, Amancio Ortega, Replaces Warren Buffett as Third-Richest in the World

The founder, Amancio Ortega, of the popular Zara clothing chain that trades as Indetex SA (ITX) has replaced Warren Buffett as the third-richest person in the world. continue reading »

Latin America’s Top Ten Billionaires of 2011

Latin America’s Top Ten Billionaires of 2011

Meet the wealthiest people in Latin América! continue reading »

Fiat Investing $100 Million in Argentina

Fiat Investing $100 Million in Argentina

Fiat Industrial is set to invest $100 million in Argentina that will result in 600 new jobs and 1,500 indirect jobs. The $100 million will go toward building a new manufacturing plant which will manufacture continue reading »

Mexico’s Peso Rising to Highest Levels in Years, While Amassing Foreign Reserves

Mexico’s Peso Rising to Highest Levels in Years, While Amassing Foreign Reserves

As Mexico closed its financial markets for the Easter holiday last week, the peso reached 11.5960 a peak it hadn’t reached since 2008. The peso is at these high levels thanks to its improving export-economy and flows of capital by foreign investment portfolios. continue reading »

Protecting Consumers at the Pump: The Oil and Gas Price Fraud Working Group

Protecting Consumers at the Pump: The Oil and Gas Price Fraud Working Group

Over the past few years, American businesses and families across the country have suffered the effects of the worst financial crisis in generations. Today, although our economic recovery is gaining steam, continue reading »

Latin American Hedge Funds Solid Performance:  Gains New Investors & Big Fees

Latin American Hedge Funds Solid Performance:  Gains New Investors & Big Fees

Latin American hedge funds solid performance during the economic downturn has allowed them to continue charging the “2-and-20” lucrative fee and continue to attract investors. continue reading »

STUDY: Latin America to See Largest Increase in the Number of/Demand for TVs

STUDY: Latin America to See Largest Increase in the Number of/Demand for TVs

A research firm is predicting that Latin America will be the fastest-growing market for new televisions between now and 2015. continue reading »

Mexican Billionaire Carlos Slim Fined $1 Billion for Monopolistic Practices

Mexican Billionaire Carlos Slim Fined $1 Billion for Monopolistic Practices

Mexican billionaire and the world’s richest man, Carlos Slim, is confirming that the telephone operator controlled by him has been fined $1 billion for ‘monopolistic practices’. continue reading »

Colombia to Spend $200 Million to Expand Its Internet Access

Colombia to Spend $200 Million to Expand Its Internet Access

The Latin American country of Colombia is looking to spend upward of $200 million on expanding the country’s internet access by laying fiber-optic networks in 700 towns. continue reading »

Tr3s: MTV, Musica y Mas Scores Its Most Watched Quarter Ever

Tr3s: MTV, Musica y Mas Scores Its Most Watched Quarter Ever

Up 30% in Prime Time and 19% in Total Day in First Quarter 2011. This season 5.4 Million Viewers tuned-in to MTV's first-ever novela "Ninas Mal" and 3.4 Million Viewers returned to the original hit "Quiero Mis Quinces" & the smash sitcom "George Lopez" continue reading »

Presidential Proclamation—National Financial Literacy Month

A Proclamation. Americans' ability to build a secure future for themselves and their families requires the navigation of an increasingly complex financial system. continue reading »

MBDA Awards $7.8 Million in Grants to Help Grow Minority Businesses

The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced $7.8 million in funding for 27 MBDA Business Centers (MBC)located across the country to boost continue reading »

Lima Peru’s Jorge Chavez International Airport Voted Best Airport in South America for 3rd Year

Lima Peru’s Jorge Chavez International Airport Voted Best Airport in South America for 3rd Year

Skytrax Research has announced the best airports in South America for 2011 at their annual World Airport Awards ceremony in Copenhagen and for the third year in a row Lima, Peru’s airport has won. continue reading »

McDonald to Hire 50,000 Employees on April 19th Dubbed as a Mega “Hiring Day”

McDonald to Hire 50,000 Employees on April 19th Dubbed as a Mega “Hiring Day”

McDonald's and its franchisees are looking to hire up to 50,000 new crew and restaurant management positions at restaurants across the country during a hiring event on April 19. continue reading »

Latin America Sees Japan Crisis as Economic Opportunity Not Setback to Economic Recovery

Latin America Sees Japan Crisis as Economic Opportunity Not Setback to Economic Recovery

As several finance ministers in the Latin American region gathered for annual meetings they noted the Japanese earthquake as an opportunity to continue their economic growth via a higher demand for raw materials. Noting the human tragedy they still felt Japan would recovery quick through an aggressive rebuild plan. continue reading »