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 »

Sintana Energy updates oil drilling operations in Colombia

Sintana Energy said Thursday that drilling and casing on its Manati Blanco-1 exploration well in Colombia Block VMM-37 in the Magdalena Basin has reached a depth of approximately 14,500 feet. Further analyses will be performed to evaluate the potential of the block. Drilling on the well began in April and aimed at the La Luna and Tablazo/Paj Cretaceous-age oil formation. Read More »

Jubilant DraxImage delivers thyroid treatment to Bogota

Jubilant DraxImage Inc. today announced the delivery of the first commercial shipment of HICON Sodium Iodine I-131 Solution USP to Colombia. HICON Sodium Iodine I-131 Solution is indicated for the treatment of thyroid diseases including hyperthyroidism and thyroid cancer. Patients in Colombia who have thyroid conditions are now able to receive INVIMA-approved Radioiodine therapy. Read More »

Nobel Agri names presidents for South America, global sugar

Nobel Agril announced Marcelo de Andrade as its new global sugar president and Valmor Shaffer as its South America president. Both will be based in Sao Paulo, Brazil, and report to CEO Matthew Jansen. Andrade has more than two decades of experience in the commodities sector. Previously, he was sugar and ethanol business director at Cargill, generating $270 million in revenue. Read More »

Cuba Agricultural Exports Act introduced in U.S. House

U.S. Rep. Rick Crawford (R-AR) introduced the Cuba Agricultural Exports Act to alter current prohibitions against U.S. backing and financing for certain exports to Cuba in the House. The Cuba agriculture market is valued at more than a $1 billion a year. Crawford said the a legislation would create innovative economic prospects and jobs for the U.S. agriculture industry. Read More »