More News in BNamericas.com
Daily business news and information from Latin America
Updated: 37 min 2 sec ago
Telecommunications - Regional - Comverse looking to conquer Latin American market with BSS platform
US converged solutions supplier Comverse expects its BSS platform to serve as the cornerstone for its sales to operators in Latin America, Vicente Ramírez, VP of sales for Comverse Latin America, told...
Oil & Gas - Brazil - Gran Tierra will participate in upcoming Brazilian round
Colombia-focused Gran Tierra Energy (Amex, TSX: GTE) will participate in an upcoming round in Brazil, company CEO Dana Coffield said in a conference call with investors and analysts.
"We continue t...
Info. Technology - Regional - Check Point preparing new investments in Brazil and Mexico
US internet security firm Check Point Software (Nasdaq: CHKP) is considering new investments for its Brazilian and Mexican operations, the company's Latin American sales vice president, Cecil Pérez, t...
Privatization - Paraguay - Govt intends to terminate Acepar contract
The Paraguayan government will proceed with a measure to terminate the contract that privatized local steelmaker Acepar, an official from the country's industry and trade ministry (MIC) told BNamerica...
Petrochemicals - Brazil, Mexico - Braskem, Idesa to invest US$2.5bn in Ethylene XXI project
Brazilian petrochemical company Braskem (NYSE: BAK) and Mexican company Idesa are planning to invest US$2.5bn over five years in Mexico's Ethylene XXI project, the former said in a statement.
The p...
Banking - Brazil - Darby, BNP Paribas come together on private equity venture
US private equity firm Darby has partnered with the Brazilian unit of French bank BNP Paribas to develop private equity operations in Brazil, the two said in a joint statement.
Both companies will ...
Privatization - Brazil - Gran Tierra will participate in upcoming Brazilian round
Colombia-focused Gran Tierra Energy (Amex, TSX: GTE) will participate in an upcoming round in Brazil, company CEO Dana Coffield said in a conference call with investors and analysts.
"We continue t...
Infrastructure - Peru - ProInversión launches tender for stretch 2 of IIRSA Centro highway
Peru's private investment promotion agency ProInversión has launched a tender to concession a section of the IIRSA Centro highway, the entity reported in a release.
Stretch 2 involves the Puente Ri...
Mining - Regional - Silver Standard reports disappointing results for Pirquitas mine in Q3
Due to disappointing results from initial production at the Pirquitas mine in Argentina, Vancouver-based Silver Standard Resources (TSX: SSO) revised down its output forecast for the mine to 1M-1.5Moz...
Metals - Brazil - Steel distributors' sales, purchases expected to have increased in October
Brazilian flat steel distributors are expected to have increased both purchases from mills and sales volume in October compared to the previous month, according to Christiano Freire, the CEO of local ...
Telecommunications - Puerto Rico - AT&T completes acquisition of Centennial
AT&T Mobility (NYSE: T) has finally completed the acquisition of wireless and broadband provider Centennial Communications, which operates in the US, Puerto Rico and the US Virgin Islands, AT&T said i...
Water & Waste - Mexico - Waste incineration at Bordo Poniente would be "suicide" - expert
A new plan by Mexico city's federal district (DF) government to incinerate garbage at the Bordo Poniente landfill would have devastating effects on the environment and the population, local environmen...
Electric Power - Chile - GDF Suez, Codelco to merge all SING operations into Edelnor
European energy firm GDF Suez and Chile's state copper company Codelco have signed an agreement to merge all of their power operations on Chile's northern SING grid into the Edelnor JV in which they e...
Info. Technology - Regional - Latin America to represent 3-5% of global earnings in 3 years, says Cognizant
US IT services firm Cognizant (Nasdaq: CTSH) expects Latin America to represent 3-5% of global sales within the next three years, the company's country manager for Argentina, Cristián Argüello, told B...
Oil & Gas - Mexico - CNH to issue Chicontepec recommendation next month, says commissioner
Mexico's upstream watchdog CNH will send its recommendation for the Chicontepec oil project in Puebla and Veracruz states to state oil firm Pemex's board in December, CNH commissioner Javier Estrada t...
Insurance - Brazil - IRB results show headwinds, but reinsurer still well-positioned - expert
The lower results from Brazil's federally controlled reinsurer IRB-Brasil Re demonstrate some of the headwinds the company is facing, but IRB remains well-positioned to take advantage of the country's...
Petrochemicals - Brazil - Braskem posts US$365mn profit in Q3, reverting year-ago loss
Brazilian petrochemical company Braskem (NYSE: BAK) reported a net profit of 645mn reais (US$365mn) in the third quarter 2009 compared to a loss of 819mn reais in the year-ago period.
Compared to Q...
Privatization - Ecuador - New hydrocarbons terms take attractiveness "from bad to worse" - analyst
The new terms for Ecuador's hydrocarbons sector proposed in a bill drafted by the mines and oil ministry would take the country "from bad to worse" in terms of attracting private investment, Gianna Be...
Banking - Peru - Credicorp Q3 net income increases 31%, preparing for period of sustained growth
Peru's largest financial services group Credicorp (NYSE: BAP) reported third quarter net income of US$122mn, up 5.6% on the second quarter and rising 31.4% year-on-year, the group said in its latest e...
Petrochemicals - Brazil, Venezuela - Financing model for Propilsur could be defined next quarter, says Braskem
Brazilian petrochemical company Braskem (NYSE: BAK) is studying financing options with Brazil's federal development bank BNDES and Venezuela's state-owned development bank Bandes for its Venezuelan pr...
