Brazil's plan to become one of the world's biggest oil exporters hinges on exploiting crude 6 miles below the ocean surface in deposits so hot they can melt the metal used to carry uranium to nuclear plants, reports Bloomberg.
Brazilian mining giant Companhia Vale do Rio Doce announced this week it agreed to supply 480 million tons of iron ore and pellets to ArcelorMittal the world's largest steel maker.
Brazil's Cosan the world's largest sugar and ethanol processor announced Friday it had agreed to buy more than 1.500 Brazilian service stations and other assets from Exxon Mobil (Esso Brazil) for 826 million US dollars.
After months of secrecy and under pressure from Spain, Odyssey Marine Exploration has finally named the wreck from which it recovered a haul of valuable treasure last year operating from Gibraltar.
Chinese investments in Latinamerica could grow at an annual rate of 20% in the coming decade particularly those sectors linked to commodities said Jiang Shixue, a Latinamerican expert from Beijing's National Academy of Social Sciences.
Brazil announced it will promote the country's ship building industry not only to supply vessels and oil rigs for domestic demand but to export them to the rest of Latinamerica.
Brazil's oil government managed company Petrobras and government owned Petróleos de Venezuela (PDVSA) signed on March 26 an agreement that sets the bases for the partnership between the two companies for the Abreu e Lima Refinery, in Northeastern Brazil.
Chilean president Michelle Bachelet will inaugurate Monday the fifteenth edition of the International Air & Space Fair, FIDAE, Latinamerica largest air show and one of the leading exhibitions of the industry in the world.
Uruguay's flag air carrier PLUNA officially presented this week the first of fifteen Canadian manufactured Bombardier CRJ900 models with which the now partly privatized company intends to renew its fleet and regional business opportunities.
Responding to the need to increment our international expansion, the ICG Software group will open an own office in the Oriental Republic of Uruguay, in order to foster the strong growth of business in the Southern Cone.