In the immediate future, Latinamerica must invest between 150 and 200 billion US dollars a year in infrastructure in order to boost economic growth and reduce poverty, World Bank Vice President, Pamela Cox said in Lima, Peru.
Brazil launched the process to buy at least 36 fighter jets as part of a broader plan to modernize its Air Force and in keeping with neighbors that are also in the process of overhauling their fleets.
Monday June 30 marks the day Microsoft has stopped selling its Windows XP operating system to retailers and major computer makers, clearing the way for the system and successor, Vista.
The cost of maintaining the Queen rose by £2 million to £40 million last year. The 5.3% rise - twice the rate of inflation - was blamed by palace officials on increased maintenance costs on royal residences and higher travel costs, up £400,000 to £6.4 million.
Spanish hotel giant Sol Melía plans to open three hotels in Chile. The company is also bidding for the two hotels that will be a part of Santiago's future Constanera Center, an ongoing development and construction project featuring four skyscrapers, built in one of Santiago's business districts, Providencia.
Brazil's Antimonopoly agency, CADE, finally approved the takeover of the once Brazilian flag carrier Varig by the low fare airline GOL, an operation which took place last year.
Brazilian meat processor Marfrig said on Monday it will pay 680 million US dollars for assets in Brazil and Europe owned by US based OSI Group, the largest meat provider for McDonald's fast-food chains.
Uruguay approved the environmental impact report presented by the Spanish pulp manufacturer ENCE which is planning to build a huge 1.5 billion US dollars plant in Colonia to the west of the country, next to the coast of the River Plate.
The Leibniz Institute of Marine Sciences from the University of Kiel unveiled on Monday a new sub aquatic robot, ROV Kiel-6000, Remotely Operated Vehicle which can descend to 6.000 meters below sea level.
Brazil has become Argentina's leading investor with growing interests in the country's oil and cement industries, mining and steel, textiles, cosmetics,transport, banks, food and beverages according to a study on the internationalization of Brazilian companies in Argentina.