Chile's foreign direct investment in 2007 reached its highest level in the past 10 years, according to the Santiago Chamber of Commerce (CCS). Of 4.689 billion US dollars in Chilean capital invested outside Chile, 26%, or 1.236 billion dollars, ended up in Peru.
Argentina's president Cristina Fernandez de Kirchner officially announced Wednesday that the French group Alstom and its partners IECSA, Emepa, Isolux Corsan have been awarded the first very high-speed train link project in Latin America.
Brazilian President Luiz Inacio Lula da Silva is scheduled to visit Cuba next week offering investments, but Fidel Castro's health makes a meeting between the two uncertain, Lula's spokesman said in Brasilia.
Spanish corporation ENCE begins next week to break ground in the south of Uruguay for the construction of a pulp mill with capacity for a million tons annually. The billion US dollars project is still in the blue print and environment impact assessment stage but the company and the Uruguayan government are confident of the results.
Tata Motors Ltd., India's largest truckmaker, unveiled the country's cheapest car, pricing it at 100,000 rupees ($2,500) as it aims to convince the nation's 45 million motorcycle riders to trade up to four wheels.
Norwegian energy company SN Power recently agreed to temporarily suspend activities on its southern Chile Region XIV hydroelectric project due to vocal opposition from local indigenous groups.
Where in the Falkland Islands to place a deep water port? is the question to be debated at a Stanley seminar later in January.
Construction of the 2.4 billion US dollars Pascua Lama gold mine has been delayed at least one year due to a tax dispute between Chile and Argentina. The Pascua Lama mine straddles the Chile-Argentine border
Bulk transportation company Navios Maritime Holdings Inc. said it has formed a South American logistics business by combining its existing port operation in Uruguay with the barge and upriver port businesses operated by the Horamar Group.
Jindal Steel & Power Ltd., an Indian steel and power producer, secured government approvals from Bolivia for its 2.1 billion US dollars Mutun iron ore and steel project, its largest investment overseas.