China launched a company to manufacture jumbo passenger aircrafts to challenge the dominance of commercial jet giants Airbus and Boeing in the market for aircrafts with more than 150 seats.
In the event of a successful takeover by BHP Billiton of Rio Tinto the new merged giant would consider selling a 1.5 billion potash project in Argentina which would facilitate developing Billiton oil and gas exploration off shore the Falkland Islands, according to reports in the Australian press.
Foreign direct investment in Latinamerica reached 106 billion US dollars in 2007, overtaking the record 89 billion of 1999, according to the latest release from the United Nations Latin American Commission, CEPAL.
The head of the main ferry system in the River Plate will be joining the Spanish owned Aerolíneas Argentinas as one of the leading shareholders, once the air carrier has been audited according to reports in the Buenos Aires press.
Global port operator Dubai Ports World has started the construction of the 300 million US dollars Muelle Sur Container Terminal at the Port of El Callao, Peru.
Japanese and South Korean corporations announced their interest in Brazil's first bullet train which is expected to be set to bid in the first quarter of next year. Brazil's cabinet chief Dilma Rousseff is currently visiting Japan where she was approached by the corporations.
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.