Petrobras cuts investments, expenses after plunge in crude oil prices

Brazilian state oil company Petrobras slashed its projected investments and operating expenses while keeping its projection for disinvestment and its production target unchanged. Petrobras made an adjustment to its 2015 and 2016 financial planning “given new Brent crude oil prices and the exchange rate” changes that have depreciated the Brazilian real currency against the U.S. dollar. Read More »

Nortech Systems expands operations at Monterrey, Mexico, plant

Nortech Systems Inc. of Minneapolis recently began doing printed circuit board assembly (PCBA) manufacturing at its Monterrey, Mexico, plant, which opened in 2002, offering complex wire and cable assembly production services; the facility is ISO 9001 certified, and PCBA manufacturing capabilities are also available at Nortech's Mankato and Merrifield, Minnesota, locations. Read More »

AppDynamics launches Mexico operations

Application intelligence company AppDynamics on Thursday launched its operations in Mexico, where it will offer next-generation technology solutions to enterprises and government entities, as part of the company's goal to enhance the modern business environment through top-of-the-line services and advanced technologies, which are designed to help companies with monitoring and managing software solutions. Read More »

Transpacific Partnership praised by Latin governments amid opposition

Following the announcement Monday in Atlanta that the United States, Japan and 10 other Pacific Rim countries have reached an accord for the Transpacific Partnership (TPP), the governments of Chile, Peru and Mexico, the three Latin American nations that are participating in the trade agreement, hailed the accord amid some local opposition and demands for transparency. Read More »

Motel 6 owner bets Latin Americans will choose value amid slowdown

Undaunted by an economic slowdown in Latin America, G6 Hospitality, a U.S.-owned chain of hotels that owns the Motel 6 and Studio 6 brands, believes that this may actually help its expansion south of the border as there could be a search for value; G6 Hospitality, already present in 1,200 locations across the U.S. and Canada, is carrying out efforts to expand to Latin America following a decision in late 2013 that began to be fully implemented last year. Read More »

OSF Global Services partners with Nissan Brazil

CRM technology services provider OSF Global Services on Tuesday announced the launch of its new partnership with automobile manufacturer Nissan Brazil, which is headquartered in Rio de Janeiro, Brazil; the company possesses a highly complex dealer incentives management process, where a significant number of manual tasks are required to plan, deploy and control dealer campaigns. Read More »

Edmodo partners with teacher's union in Mexico

Edmodo, a global education network, reached a partnership agreement with SINADEP- SNTE, the leading teacher’s union in Mexico, to consolidate communication and collaboration among SINADEP- SNTE teacher members. The new partnership will help SINADEP-SNTE's more than 1.4 million members collaborate and share best teaching practices, while encouraging professional development. Read More »

Starwood Hotels to Open 2nd W Hotel in Mexico

Starwood Hotels & Resorts Worldwide announced Wednesday that it will open W Punta de Mita in Riviera Nayarit, Mexico. It will accommodate 120 guests who will be able to congregate in hotel-designed public spaces and enjoy Pacific Ocean views. The W Punta de Mita will be the second W property located in Mexico and an additional three more W hotels will also be opened throughout Latin America. Read More »

Capstone Turbine Corporation to expand into Colombia

Capstone Turbine Corporation recently announced that it has a received an order for a C600 microturbine that will be powering a gas compression station in Colombia, a microturbine able to operate in dual mode and independently of the grid, or with the grid in a load sharing capacity; it can also provide power to the compression 27/7 and is modular, meaning it can easily be expanded to accommodate a future expansion. Read More »

World Bank: Latin Americans begin to feel squeeze in earnings

The four years of economic deceleration in Latin America are already affecting Latin Americans' capacity to find or hold onto jobs as well as their income, according to Augusto de la Torre, chief economist of the World Bank for Latin America and the Caribbean; while the region has already been posting worse-than-projected results for as many as five years, the job markets had remained for the most part unaffected in past years.  Read More »

Brazilian vehicle sales projected to level off this quarter

Brazilian vehicle sales, which have steadily declined in recent years, are projected to stabilize in the last quarter of the year, the country´s vehicle manufacturer association projected. While Anfavea, a Portuguese-language acronym for National Association of Automotive Vehicle Manufacturers, says numbers will remain low but not worsen, some dealerships expect improvement. Read More »