1. Skip to navigation
  2. Skip to content
  3. Skip to secondary content

Latin America Business News

Complete Archives

Mexico’s Peso Declines for a Fifth Straight Day Against U.S. Dollar

Mexico’s peso fell for a fifth straight day, dropping 0.4 percent to 12.9613 per U.S. dollar at 7:48 a.m. New York time, from 12.9084 yesterday. continue reading »

Televisa and Nextel to be New Telecommunication Provider in Mexico

In July, Televisa announced it would team up with Nextel Mexico to go into the mobile phone business and therefore submit a bid to provide mobile telecommunication services at Mexican airports. continue reading »

Callaway Golf to Move Operations to Mexico

Callaway Golf to Move Operations to Mexico

In a move expected to save Callaway $35 Million over 3 years, golf ball production will be moved to a new plant in Monterey Mexico. Callaway’s golf club manufacturing operations will also move to Mexico over the next 18 months. continue reading »

Venezuela’s State Oil Co. Posts 53% Drop in Earnings

Venezuela’s state oil company, Petroleos de Venezuela (PDVSA), posted a 53% decrease in its earnings due to lower crude prices, reduced production as mandated by the Organization of Petroleum Exporting Countries (OPEC) and reduced investment. The loss of $5.5billion in earnings occurred through last year. continue reading »

Nicaragua Amplía Proyecto de Energía Geotérmica

Préstamo de US$40 millones apoyará expansión del proyecto geotérmico San Jacinto-Tizate y aumentará capacidad de generación de electricidad. continue reading »

Vale SA makes offer for Paranapanema SA- 1.1 Billion

Vale SA makes offer for Paranapanema SA- 1.1 Billion

Brazil based Vale SA, the worlds largest iron-ore miner offered to buy Paranapanema SA for 1.1 Billion dollars. A move that would leave Vale SA, one of the world’s top producers of copper. continue reading »

Colombia’s State-Controlled Ecopetrol Announces 137% Earnings Increase

Ecopetrol, Colombian state-controlled oil company and the world 4th largest oil producer, announced net earnings increase of 137% for its second quarter of operations. continue reading »

New Regulations Limit Mexican Bank Fees and Commissions

Mexico’s central bank, Banxico, announced new policies on bank fees and commissions charged for banking transactions occurring in Mexico. The sweeping reform, due to take effect in early August, will curtail overdraft fees, minimum account balance fees and eliminate fees for late payments on loans and fees charged for not using a credit card. continue reading »

Brazil Hikes Key Rate 50 basis points to 10.75%

Brazil's central bank late Wednesday raised its key interest rate to 10.75% from 10.25%, falling short of analysts' expectations. The Brazilian Central Bank in a statement cited a softening risk of inflationary pressures as the motivation behind the rate hike. Analysts had widely expected the central bank to raise the key Selic rate by 75 basis points, to 11%, but recent reductions in inflation figures and expectations prompted market players to price in the possibility of a rate hike of 50 basis points. The central bank had raised the key rate by 75 basis points in May and again in June. continue reading »

Chile’s LAN Airline Spends $4.1Billion on New Airbus Planes

Chile's LAN Airlines announced it will buy 50 Airbus planes as part of a deal worth $4.15 billion starting in 2012 through 2016. LAN will buy A319, A320 and A321 aircraft that seats 210. The new airplanes will modernize the current fleet and introduce more fuel efficient planes and are designed with advanced technology all to help diminish the effects of global warming and lower noise levels. continue reading »

Argentina and China’s Billion-Dollar Friendship

The government of Argentina and China are expected to announce later today that they have signed an unprecedented $10Billion trade and investment agreement further linking the unlikely amigos together. continue reading »

Mexican Tourism Revenue On The Rise

Tourists are coming back to Mexico when compared to travel figures from same time last year generating $5.56Billion for the country and the good news is expected to continue for the rest of the year. continue reading »

Chávez Faces Resistance to the Nationalization of the Largest Food Manufacturer

Polar, the Venezuelan version of Kraft or Procter & Gamble is the president's next expropriation victim. continue reading »

Volkswagen Announces $1Billion Investment in Mexico

European auto manufacturer, Volkswagen (VW), has announced it plans on investing $1Billion over the next 3 years in its existing Mexican operations. continue reading »

Argentina Will be Home to New Honda Manufacturing Facility

Argentina Will be Home to New Honda Manufacturing Facility

The Japanese automaker Honda has announced it will begin production in the outskirts of Buenos, Aires Argentina next year. continue reading »