Fitch Ratings raised Colombia to investment grade last week, becoming the third Wall Street agency to elevate the country this year to the coveted status, opening the door to a broader range of investors.
Malaysia’s AirAsia signed an 18.5 billion US dollars landmark deal for 200 A320neo Airbus, with an option for another 100, making AirAsia the biggest airline customer for the European corporations for the single-aisle product line worldwide.
The government of the Argentine province of Mendoza is studying documents presented by Vale that could allow the Brazilian miner to continue with a 4.6 billion US dollars potassium project, said an official in Mendoza.
Chile’s LAN Airlines has placed a firm order at the 49th Le Bourget Airshow for 20 eco-efficient Airbus A320neos as part of its expansion strategy and fleet-renewal program. The aircraft are expected for delivery 2017/2018.
President Jose Mujica said that Swiss-based Zamin Ferrous iron-ore project feasibility study for an 18 million mt/year project has not been approved and given the controversy that has surfaced he supports the idea of holding a referendum on the project.
British Deputy Prime Minister Nick Clegg arrives Tuesday in Brazil with a numerous delegation of business leaders, academics and sports figures to promote bilateral trade with Latin America’s largest economy.
Estancia Punta del Agua, probably the largest ever block of freehold land to come onto the market in north Argentina is being sold by London based agent Savills. The estate in San Juan province in the north west of the country is currently owned by a family company and is described as having enormous potential for agricultural or eco power possibilities.
The Argentine-Italian group Tenaris announced it will begin the construction of its Research & Development Center in July 2011. The new facility will be located in the Rio Technology Park at Ilha do Fundão, Rio de Janeiro, Brazil.
Petrobras oil and gas corporation needs to control costs in its investment program, Brazil's Finance minister said on Monday, days after he and other board members told the company to revise an update of its 224 billion US dollars spending plan.
The Chilean Economic Development Agency (CORFO) raised US$984 million last week by selling its 29.98% stake in the country’s main water utility, Aguas Andinas SA.