Ford Motor Company announced that it will invest 800 million Reais (446 million dollars) to build a new global model in its Sao Bernardo do Campo plant, the heart of Brazil’s auto industry.
American Airlines and OpenSkies, a premium subsidiary of British Airways, American's oneworld® and trans-Atlantic joint business partner, have signed a new code-share agreement that gives American's customers more travel options when flying to and from Europe and OpenSkies customers easier access to major business markets in the United States.
Brazil is going through a wind power boom as production prices fall and government incentives attract a growing number of foreign suppliers. The wind power sector has a current capacity of around 1,400 megawatts, and is expected to grow nearly eight-fold by 2014, according to the Brazilian Association of Wind Energy ABEEolica.
LAN Airlines, Chile’s flag carrier made the official launching of its fourth affiliate under the name of Lan Colombia, becoming the second largest airline in the country with 22 domestic destinations, including Cartagena, Cali and Medellín.
Peruvian Prime Minister Salomon Lerner said that China’s direct investments in the country would increase between 30% and 40% in the next two years. China became this year Peru’s main trade partner.
Argos Resources Limited, the Falkland Islands based exploration company focused on the North Falkland Basin, reported on Tuesday it has decided not to participate in the current drilling campaign in the area with the Ocean Guardian rig, which is now likely to end in December 2011.
The Techint Group agreed to pay 5.03 billion Reais (2.7 billion dollars) for a 27.7% voting stake in Brazil’s Usinas Siderurgicas de Minas Gerais to boost access to the largest market for steel in Latin America.
Brazilian president Dilma Rousseff said that the country’s economy which slowed down in the last quarter will retake growth and generate more jobs based on government plans to expand manufacturing.
Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.
A report from the UN Food and Agriculture Organization, FAO, in seventeen Latinamerican and Caribbean countries discovered an intense concentration and foreign-held land process.