A consortium led by Spanish oil firm Repsol YPF SA (REP) plans to explore for oil in international waters between Argentina and the Falkland Islands, officials from the company said Monday.
The global airline industry has nearly doubled its expected losses for the year to $9bn amid what it calls an unprecedented crisis.
Principal Airlines’ (PAL) imminent domestic service between Santiago, Antofagasta, and Iquique has officially received flight authorization from the Chilean Civil Aviation Authority.
Nine Peruvian police officers were killed Saturday after security forces regained control of a petroleum facility in a remote jungle region from indigenous groups that are protesting against logging and oil exploration rights awarded by the government.
Aluminium Corp. of China, or Chinalco, confirmed Friday that Australian mining firm Rio Tinto has scrapped the proposed 19.5 billion US dollars of investment by Chinalco, and Rio Tinto would pay a break fee of 195 million U.S. dollars to the Chinese aluminium maker.
The Australian government reassured China on Saturday that miner Rio Tinto's decision to walk away from a 19.5 billion US dollars by investment by Beijing was not a political move.
General Motors operations in Latinamerica, Africa and the Middle East remain as strong as ever in spite GM Corp. filed in the US for bankruptcy protection this week, a top official from the company said.
General Motors has no plans to cut jobs or production in any of its businesses in the Mercosur region said on Tuesday GM’s general manager in Argentina. Edgar Lourencon went further and anticipated that plans to launch a new model for the region at the end of the year are advancing as programmed, and that the bankruptcy filing and restructuring of GM in the US does not influence business as usual in Mercosur countries.
United States car group Chrysler has secured court approval for a consortium led by Italy's Fiat to take over its assets. The move, which is backed by both the US and Canadian governments, should enable Chrysler to exit bankruptcy protection in the near future.
Spanish energy company Grupo Guascor will build a 2.4 billion US dollars wind power park in Argentine Patagonia, which could be the largest in the world said on Monday Jose Grajales president of the corporation