After selling concessions for the expansion and operation of three major airports and a highway earlier in 2012, Brazil is preparing a plan to sell 10-year highway maintenance contracts without tolls, a newspaper said on Thursday.
Inflation and an over valued currency are among the main challenges faced by the Uruguayan economy this year in the framework of a global recession which threatens the country’s exports
Chile’s flag-carrier LAN announced that as of Wednesday it will cut Chile-South America fares as much as 40%. For years LAN has used what is known as the low-cost carrier model on its domestic flights, which has greatly reduced fares on its domestic flights and increased traffic.
US and Mexico have agreed to work together to develop deep-water oil and gas fields that straddle their maritime border in the Gulf of Mexico. The deal was signed at a meeting of the G20 group of industrial and developing countries in Los Cabos, Mexico.
A private Argentine report warns that the current diplomatic dispute over the Falklands/Malvinas could have an impact on bilateral trade with the UK which last year totalled over 1.4 billion dollars with a 150 million surplus for Buenos Aires.
Brazilian banks have increased their reserves by 21% to the equivalent of 67.3 billion dollars fearing a possible moratorium while consumers are facing growing problems to address payments, according to the Sunday edition of Correio Braziliense
The Argentine economy expanded 8.8% in 2011 according to the controversial National Statistics office, Indec, while the Central bank reported that 21.5 billion dollars fled from the country last year, which is 88% higher than in 2010.
Dutch scientists have used stem cells to create strips of muscle tissue with the aim of producing the first lab-grown hamburger later this year. The aim of the research is to develop a more efficient way of producing meat than rearing animals.
Brazilian president Dilma Rousseff said the government will implement fiscal and credit access measures to stimulate production and exports with the purpose of gaining competitiveness in a global context of crisis.
The strong Swiss franc has seen Zurich top Tokyo as the world's most expensive city in a survey out this week. Zurich, ranked fourth last year, took the unenviable crown in the 2012 Worldwide Cost of Living Survey by the Economist Intelligence Unit.