1. Skip to navigation
  2. Skip to content
  3. Skip to secondary content



Latin America Business News

May 2013 Archives

Chilean Mining Giant Codelco to Invest $27B Over Six Years

Chilean Mining Giant Codelco to Invest $27B Over Six Years

Chilean state-owned mining giant Codelco on Wednesday announced plans to invest nearly $27 billion over the next six years. CEO Thomas Keller said the investment program, continue reading »

Brazil Will Finance Upgrade of Cuban Airports

Brazil Will Finance Upgrade of Cuban Airports

Brazil will finance a project to expand and modernize Cuba's airports, state media on the Communist-ruled island said Tuesday. Brazil's development, industry and foreign trade minister, Fernando Pimentel, continue reading »

Small Business Loan Interest Rates Cut in Brazil

Small Business Loan Interest Rates Cut in Brazil

Brazilian President Dilma Rousseff announced here Monday a reduction in the interest rate on public loans for owners of small businesses from 8.0 percent to 5.0 percent. continue reading »

Anheuser-Busch InBev Present Offer for 50% Stake in Mexico’s Grupo Modelo

Anheuser-Busch InBev Present Offer for 50% Stake in Mexico’s Grupo Modelo

Anheuser-Busch InBev has launched a tender offer for the 50 percent stake it does not already own in Mexican brewer Grupo Modelo. In a filing with the Mexican stock exchange, Grupo Modelo continue reading »

March Sees 15% Drop in Remittances to Mexico

March Sees 15% Drop in Remittances to Mexico

Remittances sent by Mexicans living abroad fell 14.7 percent to $1.78 billion in March, compared to the same month in 2012, the Bank of Mexico said Thursday. continue reading »

Brazilian Oil Giant Petrobras Sells Stake in Gulf of Mexico Exploratory Blocks

Brazilian Oil Giant Petrobras Sells Stake in Gulf of Mexico Exploratory Blocks

Brazilian state-controlled oil giant Petrobras said it has sold its 20 percent stake in six exploratory blocks in the U.S. Gulf of Mexico. In a regulatory filing, Petrobras said it signed a sale and purchase agreement for the divestment continue reading »