The Royal Navy's newest and most powerful Type 45 destroyer Diamond was launched Tuesday from BAE's shipyard at Govan, on the Clyde, Scotland. Several thousand members of the public attended the launch, including over three thousand local school children.
Real estate values in the capital of Argentina, Buenos Aires this year figure below those of Brazil's main city Sao Paulo but above prices in Santiago de Chile and Montevideo, Uruguay according to a report from consultants Reporte Inmobiliario.
The presidents of Chile, Bolivia and Brazil want to step up plans to build a highway from the Pacific to the Atlantic oceans that would boost trade, Chilean Foreign Minister Alejandro Foxley said in Santiago
Participants at the United Nations Internet Governance Forum, which has brought some 1,700 delegates from government, civil society and the private sector to Rio de Janeiro this week, called today for Internet access for the next billion people.
A consortium led by Mexican billionaire tycoon Carlos Slim posted the cheapest bid on Wednesday to win the latest small contract to expand the Panama Canal, part of the wider 5.25 billion US dollars project.
Global banks are likely to loose up to 400 billion dollars stemming from mortgage investments that have soured in the US housing slump, according to an industry report. Major banks will have to continue to write off stricken multibillion investments in mortgage backed securities.
China's oil corporation PetroChina became on Monday the world's biggest firm by market value on its first day of trading in Shanghai. She displaced US corporation Exxon Mobil.
Spanish Oil Company Repsol YPF announced Wednesday the sale of a chain of 206 service stations in Chile to Colombian company Organizacion Terpel for 210 million US dollars. Repsol said the sale was part of the restructuring of its Latin American assets.The sale also includes the industrial sales business including its infrastructure. Repsol plans to focus on its core business said Madrid's El País.
Canada's Methanex Corportion blamed its poor performance during the third quarter to the serious natural gas restrictions from Argentina which means its main methanol plant in Punta Arenas is working at 25% of its potential.
An Argentine corporation has joined a group of European and Japanese companies that are intent in turning Uruguay into a leading partner in the pulp and paper industry. Celulosa Argentina announced Wednesday it has plans to invest a billion US dollars to produce a million tons of pulp annually.