Travelucion acquires equity in Havana-based travel agency

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 »

Alvarez & Marsal continues to expand in Latin America

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 »

Terpel plans to buy 114 Petrobras stations in Colombia

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 »

Easton Pharmaceuticals secures EvaPro distribution for Latin America

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 »

Spanish olive oil producers seek bigger share of Brazilian market

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 »

Odin expands cloud service in Latin America

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 »

Global Guardian now providing security services to customers in El Salvador

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 »

Orbital Tracking continues global expansion with launch of online retail operations in Mexico

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 »

Boss Revolution to provide US-based airtime top-up service to Cuba

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 »

Peruvian delegation presents its position to New York City firm

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 »

Peru's advertising agencies transition to internal, digital development

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 »

Argentine tech workers reduce costs for US businesses

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 »

Hampshire Group sells its Rio apparel company

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 »

MoneyGram increases presence in Brazil with Cotacao DTVM

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 »

Expert warns Latin America will face dilemma when US interest rates rise

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 »