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Latin America Business News

December 2012 Archives

“IPHONE” Launched in Brazil, Manufacturer Says He Owns Name

“IPHONE” Launched in Brazil, Manufacturer Says He Owns Name

The Brazilian electronics manufacturer IGB Eletronica on Tuesday launched a line of smartphones it is calling the "IPHONE," claiming that it owns the intellectual property rights to that name in this country. continue reading »

Latin American News:  Region’s Trade Performance Weakens by 1.5% in 2012 to $1 Trillion

Latin American News:  Region’s Trade Performance Weakens by 1.5% in 2012 to $1 Trillion

After posting double digit gains in 2010-2011, Latin America’s export growth declined just 1.5 percent in 2012 for a total value of slightly more than $1 trillion, according to figures released by the Integration and Trade Sector of the Inter-American Development Bank (IDB). continue reading »

Expert:  Spain Has ‘Very Solid’ and ‘Respected’ Image Abroad

Expert:  Spain Has ‘Very Solid’ and ‘Respected’ Image Abroad

Spain's image abroad is "very solid" and "respected," with the negative effects of the economic crisis being just a temporary factor that will not affect the country's permanent value, Brand Spain High Commissioner Carlos Espinosa de los Monteros said. continue reading »

Colombia’s Ecopetrol to Invest $9.5 Billion in 2013

Colombia’s Ecopetrol to Invest $9.5 Billion in 2013

Colombian state oil company Ecopetrol announced plans to invest more than $9.5 billion in 2013 as it strives to boost output to 1 million barrels per day by 2015. continue reading »

Brazil, Russia Enter Into Strategic Cooperation Agreement

Brazil, Russia Enter Into Strategic Cooperation Agreement

The leaders of Russia and Brazil, two giants of the world economy seeking a more powerful global role, sealed a strategic cooperation pact Friday to promote their interests jointly in a multipolar world. continue reading »

HSBC “We Accept Responsibility” for Washing Nearly $1Billion in Narco Money

HSBC “We Accept Responsibility” for Washing Nearly $1Billion in Narco Money

DEA, FBI and other federal officials announced today that HSBC Holdings plc – a United Kingdom corporation headquartered in London – and HSBC Bank USA have agreed to forfeit $1.256 billion and enter into a deferred prosecution agreement with the Justice Department. continue reading »

Spain Microfinance Foundation Helps 1,200 Puerto Rican Projects

Spain Microfinance Foundation Helps 1,200 Puerto Rican Projects

Spanish banking giant BBVA's Microfinance Foundation has contributed some $4.7 million over the past two years to fund 1,200 small businesses in Puerto Rico, the bank sa continue reading »

Petrobras Announces Deep-water Oil Find in Brazil

Petrobras Announces Deep-water Oil Find in Brazil

State-controlled oil company Petrobras on Wednesday announced a new light oil find in ultra-deep waters off Brazil's northeastern coast. continue reading »

Venezuela and South Korea’s Samsung Working on Electronic Parts Venture

Venezuela and South Korea’s Samsung Working on Electronic Parts Venture

Venezuela and South Korean multinational Samsung have agreed to form a joint venture to manufacture telecommunications components, Science and Technology Minister Ricardo Menendez said. continue reading »

Carlos Slim Facing Increased Scrutiny of Telecommunications Monopoly, Rally Planned

Carlos Slim Facing Increased Scrutiny of Telecommunications Monopoly, Rally Planned

On Thursday, December 6, hundreds of Los Angeles Latino and community leaders are joining Two Countries One Voice in a rally against the world's richest man, Carlos Slim, 72, and calling on the California Public Utilities C continue reading »

Spanish and Latin American Businesses Make Investment Pitches to Chinese Companies

Companies, investment promotion agencies and diplomats from more than 140 countries, among them Spain and several from Latin America, attended the fourth edition of the China Overseas Investment Fair. continue reading »

Univision Rebrands TeleFutura as UniMas to Attract Younger Latinos

Univision Rebrands TeleFutura as UniMas to Attract Younger Latinos

Univision announced Monday the rebranding of its TeleFutura channel as UniMas, with content including series, sports and movies in Spanish targeting the younger generation of Latinos. continue reading »

Panama Makes Inroad to Becoming Regional Diamond Trading Power

Panama Makes Inroad to Becoming Regional Diamond Trading Power

The Panamanian government announced that it has been unanimously admitted to the Kimberley Process Certification Scheme, a program meant to keep conflict diamonds off the world market. continue reading »

CNN Latino Channel to Debut Early Next Year

CNN Latino Channel to Debut Early Next Year

CNN increases its programming for the U.S. Hispanic audience with the launch in late January of CNN Latino, a content service designed with broadcast stations in mind. continue reading »

Remittances to Mexico Between January and October Drop 7.1%

Remittances to Mexico Between January and October Drop 7.1%

Mexico in October received nearly $1.78 billion in remittances, a drop of 7.1 percent compared with the same month in 2011, the country's central bank said Monday. Accumulated remittances from January to October added up to $19.04 billion, continue reading »