Latin America will face a dilemma if U.S. interest rates begin to increase, though that would also create opportunity, an expert from deVere Group -- a consultancy with $10 billion under advice -- told Latin Business Daily. While Brazil and Mexico dominate the region’s capital markets, Latin America is already facing problems related to weak commodity prices. Read More »

MoneyGram, a global provider of money transfer and payment services, recently announced that it has reached an agreement with Cotacao DTVM to enable customers in Brazil to send money transfers to friends and family from more than 50 Cotacao DTVM exchange houses in the country. MoneyGram has also recently opened an office in Brazil to provide an increased presence. Read More »

New York-based Hampshire Group Ltd. has sold Rio, its Honduras-based apparel company. Rio specializes in the manufacturing, design and sourcing of knit tops that are sold to an array of retailers and distributors, mostly in the United States. “The sale of this business was an integral part of our plan to solidify our balance sheet," Hampshire Group CEO Paul Buxbaum said. Read More »

Argentine strengths such as education coupled with disadvantages like a weak currency are helping U.S. businesses find qualified technology workers at a fraction of the cost, the founder of Startup Buenos Aires said. A senior-level mobile app developer in the U.S. can cost anywhere from $150 to $400 an hour. The cost for that developer in Argentina is between $40 to $50 an hour. Read More »

Peru's advertising agencies have become more independent, creating their own work compared with efforts in previous years in which local creative workers for the most part adapted or translated work done elsewhere. An increased reliance on internal talent is just one of the changes in the industry, while another big change is the increased use of digital technologies. Read More »

A Peruvian delegation including public and private sector representatives met with with Morgan Stanley Capital International (MSCI) representatives in New York City this week to discuss the proposed reclassification of Peru from an "emerging" to "frontier" market. During the meeting, MSCI highlighted the successful economic performance and reforms carried out by Peru. Read More »

IDT Corp., a provider of international telephony and payment services under the flagship Boss Revolution, said Wednesday that it has reached an agreement with Empresa de Telecomunicaciones de Cuba (ETECSA) to provide international airtime top-up service. Boss Revolution's airtime top-up to Cuba will be the first offered directly by a U.S.-based telecommunications company. Read More »

Orbital Tracking recently launched its online retail operations in Mexico as part of its continued global expansion plans for its growing portfolio of Mobile Satellite Solutions (MSS). The new Mexican storefront, which is accessed through Amazon.com.mx, expands the company's operational footprint to eight countries, including Canada, France, Germany, Italy, Spain and the U.S.  Read More »

International security firm Global Guardian is now serving customers in El Salvador. The nation becomes the latest on the list of countries where Global Guardian provides its comprehensive suite of security services. These include personnel tracking, personnel-based security and executive protection services, medical support and transportation, travel intelligence and emergency response and evacuation services. Read More »

Orvana Minerals Corp. recently announced that it is on schedule with its life extensions activities taking place at Don Mario Mine and the company’s evaluation for recommissioning its current CIL circuit. The Don Mario Mine is located in Bolivia. Orvana estimates that it will release its mineral resource estimates by the end of September. Read More »

Odin Service Automation recently announced that it has partnered with Intcomex, the top distribution company with the biggest value-added solutions platform in Latin America, to enlarge Odin’s cloud services for small and medium businesses. Intcomex will be able to rapidly deliver cloud services to Odin’s clients based in Mexico, Central America, South America, the Caribbean islands, and other countries. Read More »

Spanish olive oil producers are seeing a great opportunity to grow their exports in Brazil, where consumers regularly use olive oil to put on top of their pizzas. “Spain is the biggest world producer of olive oil and Brazil has, little by little, become one of the biggest consumers of Spanish olive oil,” Antonio Correas, a Sao Paulo-based official of the Spanish government, said. Read More »

Easton Pharmaceuticals announced an agreement to secure all of Latin America for the patented vaginal health diagnostic test it expects to launch under the brand name EvaPro. The agreement is an amendment to its previously executed 50/50 revenue-sharing partnership agreement with BMV Medica SA de C.V. for an exclusive distribution agreement with Common Sense Ltd. of Israel. Read More »

Colombian fuel company Terpel SA, which operates in several countries in the region, is readying an offer for all of the Brazil-based Petrobras fuel stations in Colombia. “We inform the market that Organizacion Terpel is participating in the process started for the sale of Petrobras Colombia Combustibles,” the Colombian Superintendency of Industry and Commerce said this week. Read More »

In an effort to beef up its Latin American offerings, Alvarez & Marsal, a worldwide professional services firm, appointed Fabio Pires as its Los Angeles, California-based managing director and Alvaro Araujo as its Miami, Florida-based managing director. It also made Sergio Aguilar the Miami-based senior director and David Arrabito the Los Angeles-based senior director. Read More »

MPH Ventures recently announced that Travelucion has acquired an equity interest in a Cuban travel supplier in Havana that has been providing travel services to the island nation for seven years as an independent supplier. MPH Ventures acquired a 20 percent interest in exchange for common shares of MPH Ventures with an option period of eight months to acquire the rest. Read More »

San Marco Resources Inc. released assay results from their exploration at their Cuatro de Mayo Project in Mexico. Sampling and mapping at the El Chunibas target resulted in identification of new high grade veins and expansion of the veins along their strike. Read More »

In 2012, Colombia exported about 7.2 million bags of coffee out of 7.7 million bags produced. Only about 18 percent of the exports at the time met the criteria to be “sustainable,” he said. For this year, the expected production is 13.3 million bags. Read More »

Bombardier Commercial Aircraft announced today that the National Civil Aviation Agency of Brazil (Anac) has awarded type certification approval to Bombardier's 86-seat Q400 aircraft for operation in the region. Read More »

Krispy Kreme Doughnuts announced that it has signed a development agreement with Fraliment S.R.L. to open 12 shops in Bolivia over the next five years. Read More »