Latin America Business News
February 2013 Archives
Bolivia Says No Need to Fear Nationalization, Only Those Who Steal from Us Should Fear
February 21, 2013 | by HS News Staff
Bolivia President Evo Morales wants to assure potential and current investors not to fear nationalization of their businesses in the country. This statement came after Spanish-firm managing the country's airports was taken over. continue reading »
Spanish Wine Makers Looking to Expand into Mexican Market
February 20, 2013 | by HS News Staff
A total of 47 Spanish wine producers participated in the 7th Wines of Spain Exhibition held on Tuesday in this capital, an event designed to allow local sector professionals to get to know brands continue reading »
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REPORT: PEMEX Made $39 Million Interest-Free Loan to “Corrupt” Workers Union
February 19, 2013 | by HS News Staff
An interest-free loan of 500 million pesos (about $39.3 million) was made to the STPRM oil workers union to help meet demand for workers' housing, state-owned oil giant Petroleos Mexicanos, or Pemex, said. continue reading »
ARGENTINA: Gov’t Claims Union Boss is Interfering with Food Distribution
February 19, 2013 | by HS News Staff
The Argentine government on Monday accused truckers union leader Hugo Moyano of wanting to complicate the nationwide distribution of food. "With this act, Moyano is only (trying) to affect the normal distribution of food. continue reading »
U.S. Cinemark Mexican Movie Theaters to be Sold to Grupo Mexico
February 19, 2013 | by HS News Staff
U.S.-based Cinemark Holdings, which operates 5,207 screens at 461 movie theaters in the United States and across Latin America, said it planned to sell its Mexican unit to Cinemex. continue reading »
Environmentalists to EU: Stop Allowing Companies to Buy Carbon Credits
February 18, 2013 | by HS News Staff
More than 75 environmental organizations on Monday urged the European Parliament to end the European Union's Emissions Trading Scheme, launched seven years ago as a market-oriented way of reducing pollution and greenhouse gases. continue reading »
Mexican Oil Field Produced 865,000 Barrels Per Day in December
February 17, 2013 | by HS News Staff
Output at Ku-Maloob-Zaap, Mexico's most productive oil field, climbed to a record high of 865,000 barrels per day in December, state-owned oil monopoly Petroleos Mexicanos said. continue reading »
World Press Photo Award Winners Announced
February 16, 2013 | by HS News Staff
Swede Paul Hansen was announced Friday as the winner of the World Press Photo of the Year 2012 prize for a shot portraying the desperation of a group of Palestinian men during a funeral procession in Gaza. continue reading »
Warren Buffett’s Berkshire Hathaway Inc. Joins Brazil 3G Capital in H.J. Heinz Acquisition
February 14, 2013 | by HS News Staff
Billionaire Warren Buffett's Berkshire Hathaway Inc. said Thursday it joined forces with Brazilian investment fund 3G Capital to purchase U.S. food giant H.J. Heinz for $28 billion, including the assumption of outstanding debt. continue reading »
Brazil Rejects Apple’s Bid to Register iPhone Name in Country, Already Belongs to Someone
February 14, 2013 | by HS News Staff
Apple has filed a challenge with Brazil's INPI trademark and patent office in a bid to secure the right to sell smartphones with the iPhone name in the giant South American country. continue reading »
Eurocopter Celebrates 30-Years In Mexico by Investing $550 Million for Expanded Operations
February 14, 2013 | by HS News Staff
Eurocopter plans to invest up to $550 million in Mexico over the next few years, the European aviation company's president and CEO, Lutz Bertling, said. continue reading »
Pemex Lends $39.3 Million to Workers’ Union Interest-free
February 14, 2013 | by HS News Staff
Mexican state-owned oil monopoly Petroleos Mexicanos made a 10-year, interest-free loan for 500 million pesos ($39.3 million) to the union representing its employees, Mexico City daily Reforma reported Thursday. continue reading »
Billionaire Buddies Carlos Slim and Bill Gates in Mexico to Inaugurate New Bioscience Center
February 14, 2013 | by HS News Staff
Bill Gates and Carlos Slim, who control the world's two largest fortunes, inaugurated a bioscience center in Mexico that will conduct research to improve wheat and corn seeds to fight hunger. continue reading »
Spain’s Foreign Minister in Japan Hoping to Improve Economic Growth
February 13, 2013 | by HS News Staff
Spain is looking to Japan as an ally for achieving economic growth via the "creation of joint enterprises" in areas of common interest, Spanish Foreign Minister Jose Manuel Garcia-Margallo told Efe Wednesday. continue reading »
Mexican President Peña Nieto Presents Wide Reaching Crime-Prevention Plan
February 12, 2013 | by HS News Staff
President Enrique Peña Nieto launched Tuesday a national plan to address both the effects and the root causes of the gangland violence blamed for 70,000 deaths in Mexico over the past six years. continue reading »
