Latin Trade

Browse past and current articles from this publication.

Chile's Media and Communications Ethics Council is pressing charges against domestic television broadcaster Chilevision for unet
Chile's Media and Communications Ethics Council is pressing charges against domestic television broadcaster Chilevision for unethical practices after TV station reporters used hidden cameras to reco . . .

Former Nicaraguan President Arnoldo Aleman was sentenced to 20 years in prison after a federal judge in Nicaragua found him guil
Former Nicaraguan President Arnoldo Aleman was sentenced to 20 years in prison after a federal judge in Nicaragua found him guilty of fraud, misappropriation of approximately US$100 million in publi . . .

Brazil's Economic Rights Secretariat (SED) launched an investigation into 10 of the country's leading cement producers, includin
Brazil's Economic Rights Secretariat (SED) launched an investigation into 10 of the country's leading cement producers, including Votorantim, Camargo Correa, Lafarge, Holcim, Soeicom, Itambe, CP Cim . . .

Cemex Asia, a unit of the Mexican cement company, filed an arbitration claim in the International Center for Settlement of Inves
Cemex Asia, a unit of the Mexican cement company, filed an arbitration claim in the International Center for Settlement of Investment Disputes against the government of Indonesia regarding its agree . . .

Southern Peru Copper Corporation.(Peru)(acquisition)(Brief Article)
SOUTHERN PERU COPPER CORPORATION, a Peruvian mining company, acquired several mining properties in Chile as part of its plan to increase its reserves and to develop its operations in Latin America. . . .

Paraguay.(Paraguay)(Brief Article)
PARAGUAY received a US$73 million loan from the International Monetary Fund to support a reform program to stabilize the economy, reduce poverty and improve governance. Paraguay plans to eliminate i . . .

Petroleos Mexicanos (Pemex), Mexico's state-owned oil company.(Mexico)(contract)(Brief Article)
PETROLEOS MEXICANOS (PEMEX), Mexico's state-owned oil company, signed a deal with the country's environmental protection agency Profepa to pay more than US$7 million to repair ecological damages cau . . .

Keep digging.(Panorama)(ChevronTexaco Petroleum Company contract with Empresa Colombiana de Petroleos S.A.)(Brief Article)
Empresa Colombiana de Petroleos (Ecopetrol) is selecting the best deposits in Colombia to maximize its natural gas production. To that end, the state-owned oil company extended its Guajira contract . . .

Grupo Herdez.(Mexico)(beer distribution contract)(Brief Article)
GRUPO HERDEZ, a Mexican processed foods company, began distributing Heineken-brand beer throughout the country in January, as part of an agreement with Heineken Mexico, a unit of the Dutch brewer. M . . .

Controladora Comercial Mexicana.(Brief Article)
CONTROLADORA COMERCIAL MEXICANA, a Mexican retail company, won a food-voucher contract from the government of Mexico City valued at approximately US$130 million. The company says the deal is expecte . . .

Pegaso Comunicaciones y Sistemas.(Mexico)(pre-paid loan to QUALCOMM Inc.)(Brief Article)
PEGASO COMUNICACIONES Y SISTEMAS, a subsidiary of Mexican wireless company Pegaso Telecomunicaciones, prepaid a US$192 million equipment-loan facility owed to digital wireless communications company . . .

Volkswagen.(Mexico)(Brief Article)
VOLKSWAGEN, a German auto manufacturer, will invest nearly US$160 million to begin producing a new Golf model car for the North American market at its plant in Puebla, Mexico by 2005. Volkswagen say . . .

Tough talks.(Panorama)(negotiations for contract)(Brief Article)
Royal Ahold sold its Peruvian and Chilean supermarket chains Supermercados Santa Isabel, as well as its Paraguay operations Supermercados Stock, as part of a company plan to exit South America and r . . .

TV Azteca.(Mexico)(TV Azteca S.A. de C.V. dividends)(Brief Article)
TV AZTECA, a Mexican media company, distributed US$15 million to shareholders as part, of a company plan to allocate a substantial portion of its cash generation over the next six years. The plan al . . .

Petroleos Mexicanos (Pemex).(Mexico)(issued convertible bonds)(Brief Article)
PETROLEOS MEXICANOS (PEMEX), a state owned oil company, issued a convertible bond with a seven-year maturity that can be exchanged for a stake in Pemex's 4.81% share in Spanish oil company Repsol YP . . .

BanColombia.(Colombia)(Bancolombia S.A.)(Brief Article)
BANCOLOMBIA, a Colombian bank, opened its first international banking agency in the United States in Miami, Florida, at the end of 2003, as part of its plan to expand the bank's current business and . . .

Schering.(Central America)(DHL Danzas Air & Ocean partners with Schering AG)(Brief Article)
SCHERING, a German pharmaceutical company, partnered with DHL Danzas Air & Ocean, a unit of logistics company DHL, to open a distribution center in Costa Rica as part, of the company's plan to incre . . .

Banco Continental de Panama (BCP).(Central America)(finance)(Brief Article)
BANCO CONTINENTAL DE PANAMA (BCP), the country's third-largest commercial bank, received a US$40 million loan from the International Finance Corporation (IFC), an arm of the World Bank. The loan ena . . .

America Movil.(Central America)(merger with Empresa Nicaraguense de Telecomunicaciones)(Brief Article)
AMERICA MOVIL, Latin America's leading wireless provider, paid US$49.6 million to acquire a 49% stake in Nicaragua's Empresa Nicaraguense de Telecomunicaciones (Enitel), which provides fixed and mob . . .

Multifon.(Central America)(contract with UTStarcom Inc.)(Brief Article)
MULTIFON, a Honduran telecommunications company, signed a contract with UTStarcom a U.S. wireless network provider, to set-up 50,000 lines of iPAS, or fixed wireless telephony, throughout Honduras-- . . .

IBM.(Brazil)(Universidade de Campinas partners)(Brief Article)
IBM, a world-leading software developer, partnered with Brazil's Universidade de Campinas to open a Linux Technology Center, as part of a Letter of intent signed with the government to spread the us . . .

Bataguacu Capital.(Brazil)(acquisition of LabOne Systems )(Brief Article)
BATAGUACU CAPITAL, a Brazilian investment company. acquired control of Brazilian digital media company LabOne Systems from media giant Grupo Abril. Bataguacu Capital says it plans to invest more tha . . .

Companhia Vale do Rio Doce (CVRD).(Brazil)(contract)(Brief Article)
COMPANHIA VALE DO RIO DOCE (CVRD), a Brazilian iron ore producer, signed a contract with Chinas Shanghai Baosteel Group to increase its supply of iron ore to the Chinese company from 2006 to 2016. C . . .

Companhia de Bebidas das Americas (AmBev).(Brazil)(acquisition of Cerveceria SurAmericana)(Brief Article)
COMPANHIA DE BEBIDAS DAS AMERICAS (AMBEV), a Brazil brewer, paid US$36 million for 80% and control of Ecuador's Cerveceria SurAmericana. The Guayaquil brewer controls 6% of its domestic market, alth . . .

Companhia Siderurgica Nacional.(Brazil)(Brief Article)
COMPANHIA SIDERURGICA NACIONAL, a Brazilian steel maker, issued approximately US$170 million in bonds maturing in 2006 and 2008, as part of the company's plan to reduce its debt. . . .

Banco Nacional de Desenvolvimento Economico e Social.(Brazil)(finances hydroelectric plants)(Brief Article)
BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL, Brazil's development bank, approved US$477 million in financing for five hydroelectric plants throughout the country in order to generate an add . . .

Petrobras.(Brazil)(Petroleo Brasileiro S.A. investments in stake)(Brief Article)
PETROBRAS, Brazil's state-owned oil company, paid US$19 million to Brazil's PRS Energia for its 7% stake in TermoRio. which will be the largest thermoelectric plant using natural gas in South Americ . . .

Embraer.(Brazil)(contract with Air Canada )(Brief Article)
EMBRAER, a Brazilian aircraft manufacturer, signed an agreement with Canadian airline Air Canada to deliver 45 airplanes with the option to purchase 45 additional units. The deal has been valued at . . .

BankBoston Argentina.(Argentina)(contract with IBM Argentina )(Brief Article)
BANKBOSTON ARGENTINA, all Argentine unit of the U.S. financial institution, signed a US$41 million, 10 year outsourcing contract with IBM Argentina for the management, operation and support of its d . . .

Citibank N.A.(Argentina)(finance)(Brief Article)
CITIBANK N.A., an Argentine subsidiary of U.S. banking institution Citigroup, received US$150 million in capital from its parent company to strengthen its local balance sheet and solidify its leader . . .

DirectTV Latin America.(Regional)(files reorganization plan)(Brief Article)
DIRECTV LATIN AMERICA, a subsidiary of direct to-borne satellite broadcaster DirecTV, filed a reorganization plan with a U.S. bankruptcy court following its parent company's bankruptcy filing in Mar . . .

Lost communication.(Panorama)(TV Azteca S.A. de C.V. splits with Unefon S.A.)(Brief Article)
Breaking up is hard to do. Mexican media company TV Azteca split off its telecommunications operations. The new company, called Unefon Holdings, took over Azteca's 46.5% stake in mobile operator Une . . .

Alberto's advocate.(Letters)(Letter to the Editor)
I would appreciate it if LATIN TRADE would make sure that each article published conveys the truth. The magazine's assessment of former president Alberto Fujimori is incorrect, and I would appreciat . . .

Despite the government.(Letters)(Letter to the Editor)
I have to agree with your article "A Grain of Salt, Please," (January 2004). No matter how much worse the Venezuelan government leads the economy, the economy by itself will tend to grow. In a count . . .

Trade not enough.(Letters)(Letter to the Editor)
In speech after speech and countless opinion articles leading up to the free trade ministerial, proponents of the Free Trade Area of the Americas (FTAA) asserted that it would improve economic growt . . .

Big and small.(Editor's Note)(airlines growth)(Brief Article)
What's the right size for a company? The answer is big, big, big! But being big can lead to serious problems when markets suddenly shrink of products cease to satisfy. Ask global airlines about life . . .

A place in the sun.(Brief Article)(Advertisement)
For lazy days, a ride on the waves or soaking up rays, South Florida's beaches are magic. Just one walk and visitors are hooked on the beauty, relaxation and lifestyle that entice many to make the l . . .

BAC Florida Bank's real estate buyers' checklist: have you done your homework?(Advertisement)
While many Latin Americans are attracted to real estate ownership in South Florida, those that reap the benefits of profitable purchases plan well and have some local knowledge. "It used to be dif . . .

Ten Museum Park.(South Florida Sensation)(Advertisement)
THE BUILDING: A tropical urban oasis soaring 50 crystalline stories above Miami's Biscayne Bay, Ten Museum Park offers an unparalleled standard of living in a tower of dramatic proportion. Designed . . .

Alaqua.(South Florida Sensation)(Advertisement)
THE PROPERTY: Alaqua is an elegant, waterfront, Mediterranean-style cluster of 193 residences centered on a lushly-landscaped courtyard and private marina. Located in downtown Aventura, one of Great . . .

Gene McGovern: chief executive officer, Pavarini construction.(South Florida Sensation)(Advertisement)
ACHIEVEMENTS: Several of the world's most interesting modern landmarks have been built by construction legend Gone McGovern. His skill, and ingenuity are evident at the tallest buildings ever constr . . .

Brickell on the river.(South Florida Sensation)(Advertisement)
THE PROPERTY: Brickell on the River will be a sophisticated community of two statuesque towers situated along the Miami River, in a setting of natural beauty just minutes away from the city's financ . . .

William N. Ross: president, Estoril, Inc.(South Florida Sensation)(Brief Article)(Advertisement)
ACHIEVEMENTS: William N. Ross began work with Group Espirito Santo as Vice President and Managing Director of its real estate subsidiary, Euroatlantic, Inc., in 1991. Despite the US economic recessi . . .

Urbana development.(South Florida Sensation)(Brief Article)(Advertisement)
FOUNDERS: Jeff Morr, Fabien Tremoulet and Jeremy Green partnered in 2002 to create Urbana Development--a real estate development company focused on cutting-edge, mixed-use, residential and retail/co . . .

The neighborhood trend setters: urban chic arrives in South Florida.(Neighborhoods)(Advertisement)
New trends in South Florida residential, real estate are being set by some of the area's most outstanding and creative property developers. "We are seeing new urbanism emerge in South Florida with . . .

40 reasons Miami should host the FTAA secretariat.(Free Trade Area of the Americas)(Cover Story)
At the close of the successful ministerial meeting for the Free Trade Area of the Americas (FTAA) last November in Miami, a reporter from The Wall Street Journal asked U.S. Trade Representative Robe . . .

Lost and found.(Point Of View)(Brief Article)
A team of explorers from Britain and the United States recently claimed to have uncovered an extensive, overgrown ruiu a bit more than three kilometers from Peru's famed Machu Picchu. Or did they? E . . .

New York.(Best of Latin America: Latin Trade readers' choice)
BEST BUSINESS RESTAURANT Cipriani's. The newest incarnation of Harry Cipriani's famous restaurant follows its namesake's lead but in a downtown New York location. Classy decor, an open-air terrazz . . .

Miami.(Best of Latin America: Latin Trade readers' choice)
BEST HOTEL The Biltmore Hotel. Built in the 1920s, thanks to the vision of George Merrick, founder of Coral Gables, Florida, this elegant, Mediterranean-style hotel with its Giralda Tower didn't t . . .

Houston.(Best of Latin America: Latin Trade readers' choice)
BEST HOTEL Hyatt Regency. Houston's largest hotel is located in the heart of downtown near the theater district, convention center and the Houston Astros baseball stadium. The hotel recently finis . . .