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Latin America Business News

April 2014 Archives

Analysts Rise Growth Forecast for Brazilian Economy

Analysts Rise Growth Forecast for Brazilian Economy

Private sector analysts have revised their 2014 growth forecasts for Brazil's economy upward to 1.65 percent from 1.63 percent last week, the Central Bank said Monday. continue reading »

Mexico’s Central Bank Warns of Slower Economic Growth than Predicted for 2014

Mexico’s Central Bank Warns of Slower Economic Growth than Predicted for 2014

Mexico's central bank said Friday that first-quarter economic data points to slower 2014 growth than what it had forecast several months ago, although it noted that some sectors had posted more favorable results. continue reading »

International Consortium to Building Airport Serving Travel to Machu Picchu

International Consortium to Building Airport Serving Travel to Machu Picchu

A consortium made up of Peru's Andino Investment Holding and Argentina's Corporacion America has been awarded a 40-year concession for an airport that will serve Peru's southeastern Cuzco region, ProInversion, the Andean nation's private investment promotion agency, said. continue reading »

Ailing Puerto Rican Economy Shows Slight Improvement in March

Ailing Puerto Rican Economy Shows Slight Improvement in March

Puerto Rico's economy shrank 0.8 percent in March relative to the same month of last year, a notable improvement over the 2.5 percent annual contraction the island posted in February, the Government Development Bank for Puerto Rico said. continue reading »

Thousands Protest in Mexico City Against New Law that Could Limit Freedom of Expression

Thousands Protest in Mexico City Against New Law that Could Limit Freedom of Expression

Thousands of people formed a human chain this weekend in Mexico City to protest a telecommunications bill that critics contend could limit freedom of expression. continue reading »

Intel Closing Microprocessor Plant in Costa Rica

Intel Closing Microprocessor Plant in Costa Rica

In a major blow to the economy of the Costa Rica, tech giant Intel said it is closing its microprocessor assembly plant there, a move that means 1,500 workers will lose their jobs. continue reading »

Cuban Government Seeks Foreign Investment

Cuban Government Seeks Foreign Investment

Cuba's new law regulating foreign investment will give priority to 11 economic sectors, Communist Party daily Granma said Tuesday. continue reading »

$3.26 Billion in Remittances Sent to Mexico in First Two Months of 2014

$3.26 Billion in Remittances Sent to Mexico in First Two Months of 2014

Remittances sent to Mexico by emigrants totaled $3.26 billion in the first two months of 2014, up 71.5 percent compared to the same period in 2013, the Bank of Mexico said Tuesday. continue reading »