The Brazilian government will spend 1.7 billion dollars to bring running water and other basic services to Rio de Janeiro slums to counter drug gangs that control many of the poor areas, announced President Luiz Inácio Lula da Silva.
Brazil's largest air carrier TAM Linhas Aereas signed a memorandum of understanding to buy 22 Airbus A350 XWB jets plus four A330-200s, the European manufacturer announced Friday.
Moscow is the world's most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. Asuncion, Paraguay is the least expensive city for the fifth year running.
Brazilian beef exports netted 443 million US dollars in May, a new monthly record high according to the Brazilian Beef Industry and Exporters Association (Abiec). Shipments totaled 266.000 tons, up 28.6% over May 2006.
The European Union decided this week to lower export subsidies for all dairy produce to zero, a decision which has been hailed by Mercosur member countries since Argentina and Uruguay are two important exports of milk, cheese and by products.
The American multimillionaire who founded the North Face and Esprit clothing lines says he is trying to save the planet by buying bits of it. First Douglas Tompkins purchased a huge swath of southern Chile, and now he's hoping to save the northeast wetlands of neighboring Argentina.
LAN Airlines S.A. one of the leading airline groups in Latin America held Monday the reception ceremony for the first Airbus A318 aircraft to be incorporated into the Company's fleet.
Odyssey Marine Exploration, one of the world's leaders in the field of deep-ocean shipwreck exploration stated Thursday that claims of an alleged lawsuit against Odyssey by the Spanish government were false.
The Brazilian group JBS, which is the leading beef exporter of Latinamerica announced this week the purchase of Swift & Co., the third largest fresh meat (beef and pork) packer in the United States, thus becoming the world's leading meat packer.
From Argentina to Venezuela, the shopping centre industry is expanding rapidly throughout much of South America, said speakers at a special focus on the continent at the ICSC Spring Convention, which concluded this week in Las Vegas.