Brazil awarded on Monday contracts for private companies to expand and operate terminals at three of the country's busiest airports, hoping concessions worth 24.5 billion Reais (14.21bn dollars) will improve the cramped and delay-plagued facilities amid soaring demand for air travel and preparations for the 2014 World Cup and 2016 Olympics.
Brazil’s aircraft manufacturer Embraer has delivered a Legacy 650 to celebrity Jackie Chan for the Chinese market. The aircraft is painted with a dragon logo.
Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.
A US federal judge has ruled against Odyssey Marine Exploration in its legal row with Spain over 17 tons of silver coins recovered from a sunken 19th century Spanish galleon.
A new round of Falkland Islands oil exploration began this week when London AIM listed Borders & Southern Petroleum plc announced that their first exploration well, located approximately 140 kilometres south of the Islands, was spudded on 31st January 2012.
Two news sources, New York Post and New York One report that the Hispanic media group ImpreMedia is in talks with Argentine newspaper group La Nacion which is interested in the US Spanish publications.
China banned a giant new class of ship from its ports on Tuesday, a move that checks efforts by mining giant Vale SA to cut the cost of shipping iron ore to its largest market and risks raising trade tensions with Brazil.
Argentine authorities suspended Canadian firm Osisko’s open-pit gold mining project in the north-western province of La Rioja amid grassroots protests and considerations of a possible referendum on the whole project.
Falklands’ oil industry sources said the round of oil exploration began in 2010 with the “Ocean Guardian” rig and just concluded, involving Rockhopper Exploration and Desire Petroleum, was “hugely successful” with several major oil and gas discoveries.
Norwegian Air Shuttle ASA ordered 222 Boeing Co. and Airbus SAS airliners valued at 127 billion Kroner (21.5 billion dollars) as Europe's fourth-biggest discount carrier steps up its competition with state-backed SAS AB.