Search Results for: "CFO"

Fashion brands from Colombia to Argentina are using Spain as their European beachhead, banking on cultural ties to offset brutal costs and fierce local competition.

Cloud security platform Verkada appointed Carlos Rocha to lead its Latin American expansion, overseeing go-to-market strategy, sales operations, and partner development across the region.

Latino real estate agents closed $22.6 billion in transactions in 2025, with buyer’s agents driving transaction volume growth despite slight market compression.

Luda Technology Group Limited appointed five authorized agents across Peru, Colombia, Egypt, South Africa, and Chile to expand its distribution network for stainless and carbon steel flanges and fittings.

Federal immigration enforcement operations across North Carolina eliminated more than 3,000 jobs in a single week, according to state labor data, marking the steepest employment drop tied to raids in the state’s history.

Abu Dhabi’s AD Ports Group acquired Brazilian terminal operator CLI while Dubai-based DP World committed an additional $100 million to Dominican Republic port infrastructure, marking the Gulf’s largest coordinated Latin American logistics play.

Macro Technology Group announced a five-year expansion plan targeting 12 million registered users across Latin America and the creation of 150,000 jobs in digital finance and technology. The roadmap positions the fintech platform as a major employer and infrastructure builder in a region where digital banking adoption is accelerating faster than regulatory frameworks can accommodate. The announcement comes as Latin American fintech valuations have climbed 40 percent year-over-year, drawing record venture capital into the corridor.

EVERTEC Inc., the San Juan–based payments processor serving Latin America and the Caribbean, reported record quarterly revenue in its latest earnings call, driven by merchant-acquiring volume and regional digital-payment expansion. The company — led by CEO Mac Schuessler and a majority-Latino executive team — beat analyst expectations on both revenue and EBITDA, signaling sustained momentum in a fintech corridor Wall Street historically underweights. EVERTEC’s stock rose 4 percent in after-hours trading following the announcement.

Long Beach City Council approved plans to establish the city’s first Latino Cultural Center at the Jenny Oropeza Community Center in Downtown, partnering with nonprofit Centro C.H.A. to oversee operations. The center will serve as a dedicated cultural hub for the city’s Latino community, which represents nearly 43 percent of Long Beach’s population. The move follows a multi-year advocacy effort by community leaders who argued the city lacked institutional infrastructure for its largest demographic group.

South Korea’s exports surged 65 percent year-over-year in the first 20 days of May, driven by semiconductor shipments that more than tripled during the period. The spike marks one of the steepest export accelerations in the country’s recent history, with chip demand—particularly for AI and data-center applications—rewriting Korea’s trade balance. The Ministry of Trade, Industry and Energy confirmed the preliminary figures Thursday, signaling that the semiconductor rebound initially forecast for late 2025 has arrived ahead of schedule.

JETOUR and SOUEAST launched three plug-in hybrid SUVs in Brazil, marking their second Latin American market after Mexico. The dual-brand entry targets the region’s nascent PHEV infrastructure with models positioned below Tesla pricing. Brazil’s EV incentive regime and consumer appetite for Chinese-built hybrids make it the proving ground for their next phase of expansion across Colombia, Chile, and Argentina.

The Hispanic Radio Conference 2026 convenes in Phoenix next week, drawing the sector’s dealmakers, station heads, and hiring authorities under one roof. This year’s attendance is projected to surpass the previous record, set in 2023, when over 800 industry leaders attended. The conference has historically served as the venue where M&A conversations turn into term sheets and where talent pipelines are built in real time.

Sofa, the Brazilian streaming platform, is launching 16 free ad-supported linear channels across Brazil, Latin America, the U.S., and Portugal via YouTube. The rollout includes genre-specific channels spanning movies, lifestyle, and kids’ content, positioning Sofa as the first Brazilian-origin streamer to scale FAST (free ad-supported streaming television) distribution across multiple continents. The move targets YouTube’s 142 million monthly users in Brazil and taps rising demand for free, ad-supported content as subscription fatigue mounts.

Mexico’s automotive industry associations signed the Quito Declaration, a regional trade agreement aimed at accelerating electric vehicle adoption and fleet renewal across Latin America. The pact positions Mexico as a central player in cross-border EV supply chains and manufacturing alliances. Industry leaders frame the move as both a market-expansion play and a hedge against tightening U.S. trade policy.

Roberto Sánchez, the progressive candidate from Peru’s United for Justice Party, faces Keiko Fujimori in a June 7 runoff that could break the right-wing dynasty’s three-election grip on the country’s presidential race. Fujimori, daughter of imprisoned former president Alberto Fujimori, has finished second in Peru’s last three elections but never won; Sánchez now leads a coalition powered by voters familiar with decades of authoritarian exclusion. The stakes extend beyond Peru—Latin America’s left-populist wave has stalled in recent cycles, and a Sánchez victory would rewrite the region’s political map.

Zoomlion Heavy Industry Science & Technology Co. has launched a new manufacturing and training facility in Aguascalientes, Mexico, marking a rare FDI commitment from a Chinese industrial player even as overall China-to-Mexico FDI has declined 40 percent year-over-year. The hub includes a final assembly line for tractors and agricultural equipment plus a training center targeting Latin American markets. The move signals a bet on nearshoring corridors that bypass traditional China-U.S. routes.

Bolivia is experiencing its most severe wave of political unrest in years, with nationwide protests, road blockades, and violent clashes threatening the country’s stability. The turmoil pits supporters of former president Evo Morales against the current government of Luis Arce, with both factions competing for control ahead of the 2025 elections. Washington is monitoring the situation closely, given Bolivia’s strategic importance in South America and its lithium reserves critical to global energy transition plans.

Latino entrepreneurs have driven U.S. small business growth at record rates over the past decade, but policy volatility—shifting tax incentives, unstable SBA lending terms, and regulatory whiplash—has repeatedly undercut momentum. A new Brookings Institution analysis argues that stabilizing the foundations—predictable capital access, multi-year tax windows, and streamlined compliance—could unlock another wave of Latino-owned business formation. The stakes: Latino business ownership rates trail overall U.S. rates by nearly 10 percentage points, despite population growth that suggests parity should be within reach.

Coca-Cola FEMSA, the largest Coca-Cola bottler in Latin America, announced a series of strategic capital investments and operational expansions across its regional footprint. The company is reinforcing distribution networks in Mexico, Brazil, and Central America while modernizing production facilities to meet rising demand. The moves position FEMSA as the infrastructure backbone for beverage distribution in the region.

American International Group is acquiring Everest Group’s insurance operations in Colombia, adding commercial and retail business lines to its regional portfolio. The deal, terms undisclosed, comes as global insurers race to capture share in Latin America’s faster-growing insurance markets, where GDP-linked demand and rising middle-class purchasing power are outpacing North American growth rates. AIG has not announced a timeline for regulatory approval or integration.