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.
The Dean of Tasmania University recently visited Punta Arenas in the extreme south of Chile a special guest of the Magallanes University. The two institutions have close links in Antarctic research and climate change projects.
The first Venezuelan telecommunications satellite was launched Wednesday from the western Chinese province of Sichuan. The 3.1 ton satellite, named after Latin American liberator Simon Bolivar, was built by China at a cost of 406 million dollars and puts Venezuela in the region's space club which includes Brazil and Argentina.
Sao Paulo Alpargatas, Brazil largest textile and Footwear Company announced Friday the acquisition of Alpargatas Argentina, turning the consolidated company into a bi-national corporation leader in its sector in Mercosur and Latinamerica.
The United States Justice Department said on Monday it will allow Brazil's JBS to buy the beef operations of Smithfield Foods Inc for 565 million US dollars which, based on industry estimates, would make JBS the second US beef producer.