A large part of the Ecuadorean industry has started to prepare for higher production costs following a recent decision by the government to eliminate subsidies for diesel and industrial use. Since the Ecuadorean government, which depends on oil-export revenues, has been impacted by weaker commodities prices, it is struggling to cover the shortfall in revenue. Read More »

Brazil-based Embraer recently sold 19 E175 airplanes to Skywest Airlines in a transaction valued at an estimated $843.6 million.The list price for each E175 plane, which features a new wingtip that improves aerodynamic performance, is $44.4 million, and this most-recent order follows a previous one for 18 E175 units. 80 percent of Embraer's E175 orders have come from the U.S. Read More »

Chambers Latin America ranked Akerman LLP, a leading U.S. law firm, one of the top four law firms within Cuba Thursday. The ranking was included in the Cuba: Corporate/Commercial category, which is for law firms that are established abroad, making Akerman the sole U.S. law firm to gain this honor. Akerman Cuba Chair Augusto Maxwell was also chosen as the top lawyer. Read More »

NexusTours, a full-service destination management company that is part of Suwing Travel Group, recently signed a partnership deal with Grupo Gaviota, the most established travel company in Cuba. The companies will combine their commercial experience and workforce. As part of the deal, NexusTours has gained a 30 percent share of Cuba's destination management service market. Read More »

FLSmidth signed a five-year maintenance contract with Minera Doña Collahuasi, a copper producer based in Chile. Headquartered in Denmark, FLSmidth will supply the maintenance services for three production lines at Minera Doña Collahuasi's copper plant in Chile. The plant, on the Bolivian border, is able to produce more than 140,000 metric tons of processed rock per day.  Read More »

Panorama, the worldwide group of independent executive search firms, recently partnered with EXEC. A top search firm in Brazil, EXEC is a boutique consultancy that provides clients with search and selection, as well as advice for organizational and leadership decisions. It is the sole independent consultancy based in Brazil that also has co-management with an advisory board. Read More »

Shopping center developer and operator Parque Arauco S.A. agreed to acquire Grupo Bancolombia's remaining 45 percent equity interest in Inversions Inmobiliarias Arauco Alameda S.A.S., a Colombian-based real estate adviser and management company. The $75 million purchase price includes an additional 24.75 percent ownership in Parque Arboleda, a shopping center in Colombia. Read More »

Banco Santander Brasil recently named BNY Mellon as the depositary bank for its American depositary receipt program. With offices in 65 countries, BNY also has been the American depositary receipt handler for Santander in Chile since June, as well as for 14 other banks in Latin America. This latest agreement fortifies the relationship between BNY Mellon and Santander. Read More »

Fast Dolphin, an international IT staffing firm, opened an office in Bogotá, Colombia, which will serve the Andean region. Led by Sales Director William Castro, the office also will benefit Venezuela, Ecuador, Peru and Bolivia where Fast Dolphin previously only worked with subsidiary companies. Fast Dolphin will offer support for businesses seeking to implement SAP and Oracle. Read More »

In emergency cases, the Engility Holdings team will perform damage assessments and provide guidance on disaster response efforts to host governments and local stakeholders in 27 countries. The team also will provide year-round technical assistance that includes overseeing instruction in disaster management concepts, training methodologies and related technical disciplines. Read More »

Puerto Rico asked Congress to restructure the island's debt by invoking Super Chapter 9 Thursday. Puerto Rico Governor Alejandro Garcia Padilla and Antonio Weiss, from the U.S. Treasury Department, requested bankruptcy measures at the hearing. The unprecedented bankruptcy measures would enable Puerto Rico to leave its constitutional debt, which could raise borrowing costs. Read More »

Payment leader Visa launched Visa Checkout for online shopping in Brazil Friday. The online checkout offering enables customers to buy items quicker from any electronic device, and 96 percent of users consider this new service to be the most-secure way to make a payment over the Internet. Futebolcard, which sells soccer tickets in Brazil, is the first seller to use Visa Checkout. Read More »

Market intelligence provider Ipreo partnered with BM&FBOVESPA Thursday to improve its relations with its investors throughout Brazil. The partnership will serve to provide investor relations reporting through BM&FBOVESPA Investor Relations Intelligence Central (IRIC). Now clients with BM&FBOVESPA will be able to have access to individualized “Investor Relations Overview” reports. Read More »

Air traffic surveillance system supplier Aireon LLC signed an agreement with Dutch Caribbean Air Navigation Service Provider (DC-ANSP), the air traffic services provider for the Curacao Flight Information Region, that makes Aireon responsible for air traffic surveillance for seven Central and South American countries starting in 2018 and establishes DC-ANSP as a regional leader. Read More »

In collaboration with ProChile and Chile Biotech,  EBD Group and ASEBIO are sponsoring the Biolatam® International Life Science Partnering Conference from Nov. 16 to Nov. 17.  The conference's goal is to foster mutual benefits between global companies to create life science investments and technological partnerships. More than 500 international executives will attend the event. Read More »

Embolic prevention leader InspireMD Inc. received regulatory approval Monday to commercialize the CGuardTM Embolic Prevention System for the treatment of carotid artery disease in Argentina. The CGuard EPS prevents peri-procedural and late embolization by trapping potential emboli against the arterial wall. The global carotid stent market should grow 13 percent annually. Read More »

Airplane manufacturer Embraer and SkyWest Airlines Inc. signed a firm order for 19 additional E175s jets Monday. The new aircrafts will feature a wingtip that improves aerodynamic performance on a typical flight with fuel consumption being 6.4 percent lower than first-generation E175s. The E175 is the preferred aircraft of carriers operating 76-seat jets in North America. Read More »

Exports of pork meat from Brazil have gained significantly in volume in the first nine months of 2015 when compared to the previous year; yet, revenues have still plunged in the same period. However, revenues in dollars fell 17.5 percent during the same period compared with a year earlier, accumulating a final result of $918 million in 2015 due to Porcine Epidemic Diarrhea virus. Read More »

Colombian officials restarted the crude processing unit of the Cartagena refinery Wednesday in the first step of making all 31 units of the upgraded plant operational that will process 165,000 barrels of crude per day. The country´s state oil company Ecopetrol separately said that the investment increased crude refining capacity to 165,000 barrels per day from 80,000 barrels per day.  Read More »

Revelo is seeking joint venture partners to advance the exploration of these priority targets, including drill testing. Read More »