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, 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 »
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 »
Puerto Rico Investment Summit 2016, an exclusive event where more than 500 foreign investors, tax lawyers and entrepreneurs can learn about the competitive advantages offered by the island, will be held at the San Juan Convention Center Feb. 11-12. The program will present Acts 20 and 22 on tax incentives, new private equity laws, other incentives and competitive advantages. Read More »
A physician's group with ownership of a major portion of Fleury S.A., Brazil's second-largest diagnostic services provider, recently sold a minority stake in Fleury to global private equity investment firm Advent International. Read More »
Canada-based NXT Energy Solutions Inc. recently gave an update on its SFD survey project in Bolivia with Yacimientos Petroliferos Fiscales Bolivianos (YPFB), Bolivia's national oil company. Data acquisition operations of SFD began June 8 and were recently completed. The survey aircraft and crew employed by the company have returned to Canada, and a final report is expected soon. Read More »
Bruker announced Thursday five orders for ultra-high field (UHF) nuclear magnetic resonance (NMR) spectroscopy systems from Europe and Brazil in recent months. Read More »
Arcadia Biosciences, Inc., Bioceres S.A. and Tropical Melhoramento e Genética Ltda. recently announced a collaboration agreement between TMG and Verdeca LLC, a soybean technology joint venture between Arcadia and Bioceres. Read More »
Hyatt Hotels Corporation and LATAM Hotels Corp opened the Hyatt Place Tegucigalpa, located in the Honduras capital city of Tegucigalpa. Read More »
Hilton Worldwide recently announced the signing of two franchise license agreements to convert two Cosmos hotels in Bogotá into DoubleTree by Hilton properties, marking the entry of the brand into Colombia. Read More »
Axion Energy Argentina is launching a new convenience store design created by CBX. Read More »
JHL Biotech, an emerging biosimilars company in Taiwan, recently hosted a delegation of Brazilian government officials and top-ranking biotech executives who visited the company's headquarters in support of Brazil's partnership with JHL to produce affordable, world-class biosimilars. Read More »
Friendly Technologies, developer and provider of unified device management solutions, and Southpartner, a business venture specialist for South America, recently closed a multi-year agreement with On Telecom. Read More »
Ericsson recently extended its strategic partnership with Cable & Wireless Communications (CWC) to transform the operator's 3G network and deploy 4G LTE technology. Read More »
McDonald’s in Latin America is celebrating more than one million guests visiting its kitchens with a program that provides a peek behind the counter for customers to learn firsthand how their favorite meals are prepared. Read More »
Hyatt Ziva Los Cabos was inaugurated last week and welcomed guests with a opening ceremony. Read More »
Atento S.A., a provider of customer relationship management and business process outsourcing services worldwide, held its opening ceremony for customer service and attention center in Tres Nevados-Pereira, in Colombia. Read More »
Cementos Pacasmayo, a leading Peruvian supplier of cement and construction materials, recently announced that it has launched commercial production from its new Piura facility. Read More »
White Mountain Titanium Corporation reported that the earthquake in Chile last week did not affect its Cerro Blanco project. Read More »
Four young Argentines are running a school that in two-and-a-half years has managed to attract more than 100,000 Spanish-speaking users worldwide and which seeks to be different as it was designed both to be very flexible as well as to offer either a free or a very low cost education. Read More »
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