Three days after Brazil's worst air accident president Luiz Inacio Lula da Silva addressed the nation and promised that in 90 days he will be announcing the construction of a new airport for the city of Sao Paulo.
Bolivia signed a 2.1 billion US dollars mining deal with Indian company Jindal Power & Steel Ltd. after more than a year of negotiations for the exploitation of vast iron deposits near the Brazilian border.
Uruguay' flag carrier PLUNA, recently associated to a private consortium announced a fourth weekly flight Montevideo Madrid and the signing of a contract for the delivery of seven medium-ranges Canadian Bombardiers CRJ900 NextGen, plus the option for another eight.
The first 300 units of the so called anti imperialist automobile, jointly produced by Venezuela and Iran were delivered this week in Caracas to recent graduates of the Venezuelan Military Academy.
The first bid in a 5.2 billion-dollar project to widen the Panama Canal was issued on Friday to a Panamanian company, officials said.
The Brazilian government will spend 1.7 billion dollars to bring running water and other basic services to Rio de Janeiro slums to counter drug gangs that control many of the poor areas, announced President Luiz Inácio Lula da Silva.
Brazil's largest air carrier TAM Linhas Aereas signed a memorandum of understanding to buy 22 Airbus A350 XWB jets plus four A330-200s, the European manufacturer announced Friday.
Moscow is the world's most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. Asuncion, Paraguay is the least expensive city for the fifth year running.
Brazilian beef exports netted 443 million US dollars in May, a new monthly record high according to the Brazilian Beef Industry and Exporters Association (Abiec). Shipments totaled 266.000 tons, up 28.6% over May 2006.
The European Union decided this week to lower export subsidies for all dairy produce to zero, a decision which has been hailed by Mercosur member countries since Argentina and Uruguay are two important exports of milk, cheese and by products.