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Latin America

Latin America News: News and information for Latin America by PVDN

Francibel Contreras brings her three malnourished children to a soup kitchen in the dangerous hillside Caracas slum of Petare where they scoop in spoonfuls of rice and scrambled eggs in what could be their only meal of the day. Part of the tragedy of daily life in socialist Venezuela can be glimpsed in this small...
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Mexican consumer confidence rose in February for a third consecutive month, hitting its highest level on record, data from the national statistics agency showed on Tuesday. Adjusted for seasonal swings, Mexico’s consumer confidence index rose to 119.9 in February from 113.2 in January, continuing the upward trajectory it has taken since President Andres Manuel Lopez...
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The Mexican government faces a one-in-three chance of having its credit rating downgraded over the coming year, as public finances struggle with mounting liabilities and slowing growth, rating agency Standard & Poor’s said on Friday. The New York-based agency maintained the government’s investment grade status at BBB+, but lowered its outlook from stable to negative...
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Mexico will inject $3.6 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix. Falling oil output, corruption and high labor costs have contributed to the decline of the company that was once...
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Rating agency Fitch downgraded the credit rating of Mexican state oil company Pemex on Tuesday, sending the peso currency falling in early trading in Asian markets. Mexico’s deputy finance minister said the downgrade didn’t come as a surprise and that the country’s sovereign rating was not at risk. “It doesn’t surprise us, but yes, it...
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Grupo Vidanta, the leading resort and tourism developer in Mexico and Latin America, announced today the introduction of The Estates, a one-of-its-kind luxury development to debut at Vidanta Nuevo Vallarta and Vidanta Riviera Maya, two of the company’s seven resort portfolio destinations. Formerly under the name of ‘Jungle Estates,’ The Estates plays a significant role...
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Takeda Pharmaceutical Co said on Tuesday that its experimental dengue vaccine appears to be safe and effective at preventing all four types of the mosquito-borne disease, meeting the main goal of the Japanese drugmaker’s late-stage clinical trial. The company said no significant safety concerns have emerged to date with vaccine called TAK-003. Takeda did not...
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Numerous governments in the Western Hemisphere quickly recognized Venezuelan opposition leader Juan Guaido as the interim president of his crisis-torn country Wednesday. The United States and all but one member of the Lima Group of regional nations threw their support behind Guaido after he declared himself interim president in a defiant speech before masses of...
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Almost a million Americans live without the proper papers on the other side of the wall that President Donald Trump plans to complete with federal funds. The big difference is that some emigrants arrive with dollars and their credit card. That is why some are expelled from thousands and others are deported – at most...
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Vallarta’s favorite Argentine duo, Bohemia Viva, debut their new show, Reflections on January 16th at 6:30 & 9:30 pm at The Palm Cabaret. Bohemia Viva brings a new collection of songs to brighten and entertain the audience. Reflections is their new presentation of Latin fusion from music that has inspired them from many cultures, languages...
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Copa Airlines began its new route between Panama City and Puerto Vallarta-Riviera Nayarit—its fifth destination in Mexico—on December 16th with twice-weekly flights to the Lic. Gustavo Díaz Ordaz International Airport. This new connection will allow passengers from the continent to connect with this region of the Mexican Pacific via Panama City, the Hub of the...
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Mexico’s wage commission said on Monday it planned to hike the country’s minimum wage by 16 percent to around $5 a day and new President Andres Manuel Lopez Obrador pledged further rises to keep up with inflation. The $0.71-a-day raise, the biggest in percentage terms since 1996, followed two hikes of around 10 percent by...
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Puerto Vallarta plans to attract one million more tourists by 2020, a figure that will increase the current 4 million a year, given that they will have new attractions and the renovation of hotel facilities. The director of Promotion and Public Relations of Tourism Trust Puerto Vallarta, Luis Villaseñor, indicated that the destination has three...
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Nervous bond holders will pore over Mexico’s budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures without increasing debt. On Saturday, Lopez Obrador submits his 2019 budget to lawmakers, with markets on tenterhooks to see how he...
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Uber Eats, the application that allows millions of people around the world to request the food they want for home delivery, is ready to reach seven more cities in Mexico: Puerto Vallarta , Guanajuato, Irapuato, Celaya, Morelia, Los Mochis and Ciudad Obregón. The application will close 2018 with a presence in 30 cities in the...
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