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Latin America Business News

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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 »

Argentina’s Pluspetrol to Invest $160 Million in Bolivia

Argentina’s Pluspetrol to Invest $160 Million in Bolivia

Argentine energy company Pluspetrol plans to invest some $160 million in 2014 to drill new wells and conduct seismic surveying in eastern Bolivia, according to Bolivian state-owned energy firm YPFB. continue reading »

Unemployment Rate Ticks Up to 7.3%, Latino Unemployment Rate Up to 9.1%

Unemployment Rate Ticks Up to 7.3%, Latino Unemployment Rate Up to 9.1%

The unemployment rate for October rose to 7.3 percent from 7.2 percent from the previous month. 204,000 jobs were added in October with the 16-day federal government shutdown having less of a negative impact than anticipated. continue reading »

Blackberry Closer to Final ¡Adios! As It Drops Sales Bid, Replaces CEO

Blackberry Closer to Final ¡Adios! As It Drops Sales Bid, Replaces CEO

Struggling Canadian smartphone maker Blackberry Ltd. said Monday it was scrapping a plan to sell itself, would replace its CEO and was receiving a cash infusion of $1 billion from its largest shareholder, Fairfax Financial. continue reading »

Counterfeit Capital of the World Peru Seizes More than $4 Million in Fake Currency Headed to U.S.

Counterfeit Capital of the World Peru Seizes More than $4 Million in Fake Currency Headed to U.S.

Peruvian police on Tuesday arrested a man who planned to travel to the United States with more than $4 million in counterfeit greenbacks and euros. continue reading »

Auto Dealers in Mexico Lower Sales Expectations

Auto Dealers in Mexico Lower Sales Expectations

Dealers are cutting their sales forecasts for this year from 1.07 million vehicles to between 1.06 million and 1.05 million units due to the uncertainty created by the tax reform package being debated continue reading »

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 »