Brazil's government managed oil and gas corporation Petrobras will continue to review its massive 2009/2013 investment plan next January on account of the uncertainties and volatility of several markets, said the company in an official release.
Sweden-Finland's Stora Enso paper, pulp and wood giant which, has plans to establish a plant in Uruguay has formally presented a strategic environment assessment plan as part of its forestry exploitation project.
For the coming fiscal year China will put the bulk of its investment on the development of agriculture, low-cost housing projects, infrastructure, energy conservation and social welfare, according to the Sunday edition of the People's Daily (Communist Party official newspaper).
British PM Gordon Brown said more investment is needed in technology and environmentally friendly industries in an effort to tackle the downturn. Brown held Downing Street talks with French President Nicolas Sarkozy and Jose Manuel Barroso, head of the European Commission.
British Airways announced it is exploring a potential merger with the Australian flag-carrier Qantas Airways. However BA warned there was no guarantee that any transaction will be forthcoming.
The Kuwait Investment Authority, KIA, could rival a bid by Russian oil company Lukoil for the 20% stake in the Spanish oil corporation Repsol.YPF, according to the Finmarket website, which was published in Madrid's ABC newspaper.
Although Chile is considered the market with the most favourable environment for business, only two out of ten Spanish corporations consider it a priority and focus their efforts in Brazil, Mexico and Argentina.
Spanish savings bank La Caixa may sell its 14% stake in struggling Spanish-Argentine energy firm Repsol to Russian firm Lukoil, it said. The sale is tied to the acquisition by Lukoil of a 20% stake held in Repsol by construction group Sacyr Vallehermoso.
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Rockhopper Exploration has reiterated its intention to start drilling over its licenses in the North Falkland basin as soon as rig availability, financing and relevant consents have been resolved.