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Latin America Business News

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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 »

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 »