South/Central America

Telefonica struggles to expand due to Colombian government

The Colombian government is halting any progress by telecom company Telefonica. (Photo : Reuters)The image is a billboard of Telefonica SA. The government of Colombia is hindering Telefonica SA (TEF) from pursuing expansion in the country said the company's Latin American executive.


Carlos Slim unfazed by new Mexican Law aimed towards communications companies

Investors aren't so sure as to the direct outcome of Mexico's new law toward communication companies.

JBS buys Seara Brasil and Zenda from its rival Marfrig

Marfrig gets rid of it $6.1 billion debt burden, through JBS buy-out. (Photo : REUTERS)JBS employee Seara Brasil and Zenda, Marfrig's subsidiaries are sold to its rival JBS.

Wal-mart execs get negative votes from shareholders

Wal-Mart CEO Michael Duke is under fire after allegations of bribery of the Mexican government. (Photo : Reuters)Wal-Mart Stores Inc, which is facing bribery investigations by the U.


Latest News

The U.S. economy might be strong enough for the Fed to start easing its monetary stimulus in the fall but the next few months could be a bumpy ride.
ICA, the largest infrastructure firm in Mexico, is set to sell of part of its shareholdings in OMA to raise funds.
Blackstone and Patria Investimientos purchases shares in Gafisa's Alphaville Urbanismo. (Photo : Reuters)The image is the Blackstone Group logo. Patria Investimentos Ltda and its partner, the Blackstone Group have entered into an agreement to purchase 70% shareholdings in Alphaville Urbanismo residential-development business owned by Gafisa SA.
Volaris, the Mexican budget airlines, is planning to undertake an IPO worth US$100 million. The operator of Mexican budget airline Volaris, Volaris Aviation Holding Co.
AT&T announces selling 7% of its holdings in the Latin American telecommunication firm, America Movil.
Grupo Gigante purchases Office Depot share in Latin American venture. The Mexican company that operates office supply stores, Grupo Gigante SAB, has agreed to purchase half of the venture of Office Depot Inc in the country worth 8.
President Xi Jinping offered a total of US$3 billion loans to 10 Caribbean nations however no direct confirmation was made by the Chinese government.
Promotora, the top venture capital firm in Colombia, divests its shareholdings in Easy Solutions. The leading venture capital firm in Colombia, Promotora had announced the divestment of one of its portfolio companies, Easy Solutions.
Azul Linhas Aereas is planning a share sale to raise funds to purchase new planes. Azul Linhas Aereas, the third largest airline of Brazil, is planning to raise 1.
Peru's president said he would be implementing a new set of reforms designed to boost investments in the country.
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