They buy 10 Porsches a day and travel the world by private jet, toting their Louis Vuitton bags and leaving behind a faint scent of Chanel. They are Latin America's super-rich, and they are multiplying faster than anywhere in the world.
A type of Fusarium wilt appeared this year in Australia's main banana-growing state after spreading to Asia and Africa. While the fungus has been around since the 1990s and has yet to affect top exporter Ecuador, Fresh Del Monte Produce called it a potential "big nightmare." The United Nations says the disease threatens supply, and Latin American growers are taking steps to limit the risk.
HAVANA — As one of Havana's largest state-run retail hubs, the Supermercado 3ra y 70 is the communist government equivalent of a Target or Wal-Mart, created as a one-stop shopping center. It was designed, quite possibly, by sadists.
Three years after Raúl Castro cast aside decades of communist housing dogma and allowed homeowners to buy and sell their properties for the first time since the 1960s, the island's real estate market is proving to be a powerful engine of economic and social change.
SANTIAGO, Chile – Foreign direct investment in Latin America and the Caribbean fell 16 percent in 2014, reversing a decade-long growth trend as the region's economies slowed, a U.N. panel said Wednesday.
The stunning collapse of Venezuela's bolivar in black market trading this month -- it fell to as low as 423 bolivars per dollar from 279 at the start of the month -- has left Venezuelans scratching their heads, with many wondering why it has sunk below the value of gold and hard currency the central bank has to back it.
Unemployment in Costa Rica reached 10.1 percent in the first quarter of this year, a slight increase over the same period last year, the National Statistics and Census Institute (INEC) reported Tuesday.
MEXICO CITY — Mexican policymakers were unanimous in their decision to keep the key interest rate unchanged at a record low last month, with the majority warning against raising rates before the Federal Reserve.
While coffee and other exports are enjoying a price boom, Costa Rica’s biggest agricultural exports, bananas and pineapple, are looking a little like a bust.
The euro has already fallen to a 12-year low of $1.06, and should keep falling for at least another year. In fact, it shouldn't be long until the dollar is worth more.
