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Latin America Business News

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Pemex to Construct Country’s First Solidifying Sulfur Plant

Pemex to Construct Country’s First Solidifying Sulfur Plant

Mexican state oil company Petroleos Mexicanos has announced plans to build the country's first solidifying sulfur plant, a project estimated to cost more than 500 million pesos (some $38 million). continue reading »

GM to Layoff Over 1,000 in Brazil

GM to Layoff Over 1,000 in Brazil

The Brazilian affiliate of U.S. automaker General Motors has confirmed the layoff of more than 1,000 employees from one of the multinational's factories in Sao Jose dos Campos in Sao Paulo state, official sources said. continue reading »

Gogo Joins Aeromexico to Provide Internet on Flights

Gogo Joins Aeromexico to Provide Internet on Flights

Aeromexico and connectivity specialist Gogo have formed an alliance to offer in-flight Internet and wireless entertainment service on at least 75 of the carrier's planes. continue reading »

Hispanics Take Their Dollars Online

Hispanics Take Their Dollars Online

I came across a great article the other day on MediaPost. It shared the results from a great study conducted by Experian Marketing Services. continue reading »

Turkey and Mexico Strengthen Ties with 12 Cooperation Agreements

Turkey and Mexico Strengthen Ties with 12 Cooperation Agreements

The presidents of Mexico and Turkey signed 12 cooperation agreements Tuesday to strengthen economic, scientific and diplomatic relations at an official ceremony commemorating the 85th anniversary of the two nations establishing diplomatic ties. continue reading »

Illegally Tapping of PEMEX Pipeline Leads to Explosion and Mass Evacuation

Illegally Tapping of PEMEX Pipeline Leads to Explosion and Mass Evacuation

Several people were injured and hundreds of others had to be evacuated Monday when a pipeline belonging to state-owned oil giant Petroleos Mexicanos, or Pemex, exploded as it was being tapped illegally in Acolman, a city in Mexico state, officials said. continue reading »

Glass Ceiling Breaks in Automotive with General Motors Naming First Female CEO

Glass Ceiling Breaks in Automotive with General Motors Naming First Female CEO

General Motors on Tuesday announced that 33-year company veteran Mary Barra will replace Dan Akerman as CEO starting on Jan 15. continue reading »

Bank of Mexico to Allow Remittances via Cell Phones

Bank of Mexico to Allow Remittances via Cell Phones

The Bank of Mexico said Monday it was taking a series of measures to promote the use of mobile devices for making money transfers. continue reading »

Mexican Economy Expected to Grow 4 Percent in 2014

Mexican Economy Expected to Grow 4 Percent in 2014

Mexico's economy will rebound in 2014 and grow 3.9 percent, compared to the 1.2 percent growth registered in 2013, insurer Credito y Caucion said in a report released Monday. continue reading »

Jaguar Land Rover to Invest $326 Million in New Brazilian Plant

Jaguar Land Rover to Invest $326 Million in New Brazilian Plant

British multinational automaker Jaguar Land Rover says it plans to invest 750 million reais (some $326 million) to build a manufacturing facility in the southeastern Brazilian state of Rio de Janeiro, its first in the South American country. continue reading »

Latin America Hopes to Lure Silicon Valley Companies to Region

Latin America Hopes to Lure Silicon Valley Companies to Region

Latin American countries are luring Silicon Valley giants in the hope the U.S. companies will establish research centers and share their experience with aspiring local tech entrepreneurs. continue reading »

Mexico Internet Use Up 12.5%, 63% of 12-34 Year Olds

Mexico Internet Use Up 12.5%, 63% of 12-34 Year Olds

The number of Internet users in Mexico soared 12.5 percent, compared to the previous year, to 49 million in 2013, the National Institute of Statistics and Geography, or INEGI, said Wednesday. Some 30.7 percent of Mexico's households are connected to the Internet, up 20.6 percent from the 2012 survey, the INEGI said. continue reading »

Mexico Unemployment Rate Down to 5.01 Percent

Mexico Unemployment Rate Down to 5.01 Percent

Mexico's unemployment rate was 5.01 percent in October, down slightly from the 5.04 percent rate registered in the same month in 2012, the National Institute of Statistics and Geography, or INEGI, said Monday. continue reading »

Brazil Launching 39 Wind Farms

Brazil Launching 39 Wind Farms

Brazil has awarded 25-year contracts for 39 wind farms to deal with an expected spike in power demand in 2016, officials said. continue reading »

REPORT: Check out Brands that Have Invaded Colombia

REPORT: Check out Brands that Have Invaded Colombia

Check out the brands that are taking over Colombian shopping malls. They are global brands and many are American. Brands like Forever 21 and Chili's are on top of the list. continue reading »