Latin America Business News
February 2013 Archives
PEMEX Posts Solid Earnings of $390M for 2012, After Losses $6.54B in Prior Yr
February 28, 2013 | by HS News Staff
Mexican state-owned oil monopoly Petroleos Mexicanos said it posted net income of nearly 5 billion pesos (some $390 million) in 2012, a year after registering a net loss of $6.54 billion. continue reading »
Latin American Would Not Escape Effects of U.S. Sequester
February 28, 2013 | by HS News Staff
With just one day before Friday’s sequester deadline, the United States government is preparing for massive cuts, but our neighbors south of the border should also be preparing, as Latin America will not escape the effects of the spending cuts. continue reading »
TBN Latino Affiliate Enlace Television Launches Innovative App for Mobile Viewing
February 27, 2013 | by HS News Staff
Enlace, Trinity Broadcasting Network's Spanish-language affiliate network, has launched an exciting free mobile app giving users of iPhones, iPads, Androids, and other mobile devices 24-hour real-time access to Enlace Television, America's most popular Spanish-language Christian network, and EJ TV, the cutting-edge faith channel for Latino young people. continue reading »
Mexico’s Powerful Teacher’s Union Leader Arrested for Possible $204M Theft
February 27, 2013 | by HS News Staff
In Mexico news, one of Mexico's most powerful union leaders, Elba Esther Gordillo was arrested at the Toluca airport on suspicion that she siphoned over $200 million of teachers union funds for personal use. continue reading »
Spain’s Energy Giant Repsol Sells Assets to Shell in $6BN Deal
February 26, 2013 | by HS News Staff
Spanish energy giant Repsol SA said Tuesday that it agreed to sell a package of liquefied natural gas assets to Royal Dutch Shell Plc in a transaction valued at $6.65 billion. continue reading »
President Warns Economy, Nat’l Security Will Suffer with Spending Cuts
February 26, 2013 | by HS News Staff
President Barack Obama said Tuesday that the U.S. economy and national security will suffer if a set of automatic spending cuts takes effect later this week. continue reading »
In Latin America News: Mexico Telecom Industry Grew 13.6% in 2012
February 26, 2013 | by HS News Staff
In Latin America news Mexico's telecom industry posted its healthiest grow in four year. Mexican telecommunications grew by 13.6% last year due in great part to wireless and satellite television. continue reading »
Puerto Rico Airport Set to be Privately Managed Under 40-year Contract
February 26, 2013 | by HS News Staff
The FAA has approved a controversial management plan for Puerto Rico airport which will make management private under a 40-year contract continue reading »
In Latin America News: Costa Rica Constructing $96M Oil Terminal
February 26, 2013 | by HS News Staff
In Latin America news, Costa Rica is beginning the construction of a new $96 million oil terminal to handle larger oil tankers at the port. continue reading »
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Ecuador Imposes Food Price Controls Despite Strong Business Opposition
February 26, 2013 | by HS News Staff
In Latin America news Ecuador President Rafael Correa has put price controls on numerous critical food products including milk and eggs and in spite of strong protest from local businesses continue reading »
Latin America News: Brazilian Economy Expected to Grow by 3.1% in 2013
February 25, 2013 | by HS News Staff
Economists at Brazil's leading banks predict that Latin America's largest economy will grow by 3.1 percent in 2013, according to the results from the central bank's latest weekly survey. continue reading »
Latin America News: Brazil’s Telefonica Profits Rise
February 25, 2013 | by HS News Staff
In Latin America business news Brazil's Telefonica posted a profit of 2.1 percent from a year ago. Telefonica is the country's wireless communication leader. continue reading »
Dozens of Brazilian Ports Shut Down as a Result of Strike
February 22, 2013 | by HS News Staff
A strike to protest the Brazilian government's plan to privatize several ports shut down at least 36 terminals for six hours on Friday, union spokespersons said. continue reading »
Walmart Saw $17 Billion Profit in 2012
February 22, 2013 | by HS News Staff
Walmart Stores, Inc., the world's largest retailer, said Thursday it posted income from continuing operations of $17 billion in the fiscal year ended Jan. 31, up 7.8 percent from the comparable prior period, thanks to higher sales and lower financing costs. continue reading »
Brazil and Russia Sign Deals to Increase Bilateral Trade
February 21, 2013 | by HS News Staff
Brazil and Russia signed a series of agreements Wednesday aimed at increasing annual trade flows between two of the world's largest emerging economies from $5.9 billion to at least $10 billion in the coming years. continue reading »
