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Latin America Business News

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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 »

More Bad News for Spanish Economy, Bad Loan Ratios at Record-High

More Bad News for Spanish Economy, Bad Loan Ratios at Record-High

The ratio of non-performing loans to total outstanding loans held by Spanish banks rose to 12.68 percent in September, the highest level since the central bank began compiling that data more than 50 years ago. continue reading »

China Considers Importing Berries from Mexico

China Considers Importing Berries from Mexico

A mission of Chinese technicians will visit Mexico to certify the cultivation, packing and food-safety characteristics of blueberries, strawberries, raspberries and blackberries with a view to importing those fruit from the Latin American country, Mexican authorities said. continue reading »

U.S. to Provide $98.5 Million in Financing for Latin American Small Businesses

U.S. to Provide $98.5 Million in Financing for Latin American Small Businesses

The U.S. government through the State Department will make available $98.5 in financing for small-to-medium sizes businesses in Latin America. continue reading »

Mexico’s Unemployment Rate Ticks Up to 5.2 Percent

Mexico’s Unemployment Rate Ticks Up to 5.2 Percent

Mexico's unemployment rate was 5.2 percent in the third quarter, up slightly from the 5.1 percent rate registered in the same period in 2012, the National Institute of Statistics and Geography, or INEGI, said. continue reading »

Joaquin Hernandez Galicia Former Head of Mexico’s Powerful Oil Workers Union Dead at 91

Joaquin Hernandez Galicia Former Head of Mexico’s Powerful Oil Workers Union Dead at 91

The former leader of Mexico's powerful SNTPRM oil workers unions, Joaquin Hernandez Galicia, died Monday in the northeastern city of Tampico, media outlets said. He was 91. continue reading »

Brazilian VP Urges Chinese Leaders to Invest in His Country

Brazilian VP Urges Chinese Leaders to Invest in His Country

Brazilian Vice President Michel Temer on Friday urged Chinese business leaders to invest in his country, touting important "windows of opportunity" in the Latin American country. continue reading »