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Latin America Business News

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Maine and Mexico Officials to Expand Trade, Investment Ties

Maine and Mexico Officials to Expand Trade, Investment Ties

Mexican Foreign Relations Secretary Jose Antonio Meade and Maine Gov. Paul LePage met and discussed the need to expand investment and trade between Mexico and the northeastern U.S. state, the Foreign Relations Secretariat said. continue reading »

New Fuel Pricing for Brazil’s Petrobras

New Fuel Pricing for Brazil’s Petrobras

Brazilian state-controlled oil giant Petrobras said it planned to adopt a new fuel-pricing system this year that would feature automatic adjustments, allowing the company to produce better fi continue reading »

Puerto Rico-Based Craft Brewery Looking to Expand

Puerto Rico-Based Craft Brewery Looking to Expand

Puerto Rico's Old Harbor Brewery wants to conquer the global craft beer market, a sector that is growing rapidly. The brewing company wants to introduce its beers in all t continue reading »

Petrobras to Finish Refinery Alone After Talks Between Brazil, Venezuela Fail

Petrobras to Finish Refinery Alone After Talks Between Brazil, Venezuela Fail

Brazilian state-controlled oil company Petrobras has confirmed that long-running negotiations to bring Venezuela on board as a joint-venture partner in the Abreu e Lima refinery have failed and that it will finish the project on its own. continue reading »

Pemex Records $7.1 Billion Loss in 1st 9 Months of 2013

Pemex Records $7.1 Billion Loss in 1st 9 Months of 2013

Mexican state-owned oil company Petroleos Mexicanos said Friday it posted a net loss of 92.6 billion pesos ($7.1 billion) in the year's first nine months, compared with a profit of 31.4 billion pesos ($2.4 billion) in the same period of 2012. continue reading »

Mexico to Sell National Telecom Network to Private Company

Mexico to Sell National Telecom Network to Private Company

The government plans to auction off the 25,000-kilometer (15,534-mile) telecommunications network owned by the Federal Electricity Commission, or CFE, to a private company, Mexican Communications Undersecretary Jose Ignacio Peralta Sanchez said. continue reading »

Western Mexico to be Home of New Nestle Plant

Western Mexico to be Home of New Nestle Plant

Swiss food giant Nestle plans to build a $400 million plant in Ocotlan, a city in the western Mexican state of Jalisco, press reports said Tuesday. The company, which currently has 14 plants and employs 16,000 people continue reading »

Goya Expanding Beyond the Hispanic Market

Goya Expanding Beyond the Hispanic Market

Authenticity drives loyalty, and therefore Goya foods is an interesting example for marketers as to how important it is to cater to various ethnic groups in the most genuine manner possible. continue reading »

NELSON BALIDO:  Energy in Mexico – The Next North American Boom?

NELSON BALIDO:  Energy in Mexico – The Next North American Boom?

The Mexican economy has downshifted. Growth forecasts are less than enthusiastic as analyses by the Federal Reserve Bank of Dallas indicate slower production output and a dip in exports, especially to the U.S. continue reading »

Brazil’s Petrobras Makes Natural Gas Discovery in Argentina

Brazil’s Petrobras Makes Natural Gas Discovery in Argentina

The Argentine unit of Brazilian oil giant Petrobras said it discovered natural gas in Neuquen, a province in southwestern Argentina. The gas reserves are in the El Mangrullo area, Petrobras Argentina said. continue reading »

REPORT:  Latino-Owned Businesses Contribute $100 Billion Annually to California Economy

REPORT:  Latino-Owned Businesses Contribute $100 Billion Annually to California Economy

Hispanic-owned businesses contribute more than 650,000 jobs and more than $100 billion annually to the California economy, which makes them fundamental to the prosperity of one of the nation's largest states. continue reading »

Mexico’s Central Banker Agustin Carstens Named Bank Governor of the Year

Mexico’s Central Banker Agustin Carstens Named Bank Governor of the Year

Two international economic publications have hailed Agustin Carstens for his performance as head of Mexico's central bank. continue reading »

Petrobras Says New Offshore Crude Find is “Exceptional”

Petrobras Says New Offshore Crude Find is “Exceptional”

The CEO of Brazilian state-controlled oil company Petrobras, Maria das Graças Silva Foster, termed as "exceptional" a new crude discovery off the coast of the northeastern state of Sergipe, although she did not provide further details. continue reading »

Chile Raises Forecast for Copper Prices, Output

Chile Raises Forecast for Copper Prices, Output

Chile's government on Tuesday raised its outlook for the price and production of copper, the Andean nation's chief export. The Chilean Copper Commission, or Codelco, released a report that calls for production this year in Chile of 5.7 million tons, up from the previous forecast of 5.53 million tons and 4.9 percent more than the total output for 2012. continue reading »

Spotify Comes to Latin America

Spotify Comes to Latin America

Spotify – the digital music service created in 2008 by Daniel Ek and Martin Lorentzon in Sweden – launched in Argentina this week. The on-demand music app is now available in 32 nations around the world, its business booming with 24 million active users and 6 million paid subscriptions to access over 20 million songs. continue reading »