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Latin America Business News

January 2014 Archives

Qatari Company Acquires Shell’s Stake in Brazilian Offshore Field

Qatari Company Acquires Shell’s Stake in Brazilian Offshore Field

The Brazilian unit of Anglo-Dutch oil supermajor Shell said Wednesday it was selling its 23 percent stake in Brazil's Parque das Conchas offshore field to Qatar Petroleum International for about $1 billion. continue reading »

Pemex Gives Flotel Contracts to Spanish Shipyards

Pemex Gives Flotel Contracts to Spanish Shipyards

State-owned oil giant Petroleos Mexicanos, or Pemex, said it awarded contracts to build two floating hotels to house workers to Spanish shipyards Barreras and Navantia. continue reading »

Mexico’s Trade Deficit Surges to $1 BN in 2013

Mexico’s Trade Deficit Surges to $1 BN in 2013

Mexico posted a trade deficit of $1 billion in 2013, well above the deficit of $46 million registered in the prior year, the National Institute of Statistics and Geography, or INEGI, said Monday. continue reading »

Delegation Of Mexican Senators Visit Iran, To Explore Expanding Relationship

Delegation Of Mexican Senators Visit Iran, To Explore Expanding Relationship

A delegation of six Mexican senators is visiting Iran with the goal of tightening links in the industrial, energy, cultural and political areas. continue reading »

Mexican Tax Hike Reminds Retailers of Mexican Shopper, Border Policies Importance

Mexican Tax Hike Reminds Retailers of Mexican Shopper, Border Policies Importance

The Mexican Congress this fall increased its country’s border region sales tax rate from 11 percent to 16 percent, a reform that will bring the border region into alignment with the rest of the country beginning New Year’s Day. As a result, it has put its northern retailers at a distinct disadvantage as they struggle to compete with their northern neighbors. continue reading »

STUDY:  Gender Inequalities Persist in Latin America

STUDY:  Gender Inequalities Persist in Latin America

The greater incorporation of women into the working world in recent decades in Latin America has not gone hand in hand with a reduction in the gaps with men in terms of pay and opportunity, according to a U.N. study released Monday. continue reading »

Pemex to Construct Country’s First Solidifying Sulfur Plant

Pemex to Construct Country’s First Solidifying Sulfur Plant

Mexican state oil company Petroleos Mexicanos has announced plans to build the country's first solidifying sulfur plant, a project estimated to cost more than 500 million pesos (some $38 million). continue reading »

GM to Layoff Over 1,000 in Brazil

GM to Layoff Over 1,000 in Brazil

The Brazilian affiliate of U.S. automaker General Motors has confirmed the layoff of more than 1,000 employees from one of the multinational's factories in Sao Jose dos Campos in Sao Paulo state, official sources said. continue reading »