Argentine President Cristina Fernández de Kirchner spoke at the official ceremony for the opening of the the new cruise ship terminal of the Buenos Aires City port and highlighted the importance of boosting tourism, which contributes to Argentina's growth and creates jobs.
China’s largest agricultural enterprise, Heilongjiang Beidahuang Nongken Group, will acquire or lease 200,000 hectares of cropland in countries including Brazil, Argentina, Venezuela, Russia, The Philippines, Australia and Zimbabwe, the official People’s Daily newspaper said.
Repsol YPF, (REP) Spain’s biggest oil company, agreed to sell 3.83% in YPF for 639 million US dollars, cutting its holding in the Argentine unit to 76%, and said it plans to sell more shares through a public offering.
One of the Falkland Islands oil and gas exploration companies currently involved in the oil exploration round with licences granted by the Falklands’ government announced it plans further drilling and has acquired new 3D seismic data while it continues with the wider seismic program.
Walt Disney’s theme park in Shanghai will be built in a 7 square-kilometre area that the city has designated as a tourist destination, according to a draft blueprint of the project.
Work on the Belo Monte giant hydroelectric dam complex in the Amazon, which has generated much controversy in Brazil because of its environmental impacts, officially began Monday, (in spite of Carnival celebrations) according to the Norte Energia consortium.
Chile’s Concha y Toro, Latin America’s largest wine producer, sealed a deal this week with Brown-Forman’s Fetzer Vineyards in a transaction worth 238 million US dollars to purchase its portfolio of American wine brands. The sale is expected to close in April 2011.
Uruguayan investors have purchased an estimated 1.1 million hectares in the Paraguayan Chaco, (heartland of landlocked Paraguay) in spite of the fact land prices have quadrupled in the last two years. The record year was 2010 with 200.000 hectares.
Brazil's civil aviation authority passed on Thursday the planned combination between Brazilian airline TAM and Chilean rival LAN with no restrictions, giving a boost to their project to create Latin America's largest airline and the third largest in the world.
Bolivia's state-owned oil company YPF Bolivianos said this week that it has signed oil and gas exploration agreements with Brazil's Petrobras and Spain's Repsol.