Two young Chilean agronomists, one of them having worked in Falkland Islands Stanley Growers, are setting up a similar hydroponics business in Puerto Natales with the purpose of providing fresh vegetables to Punta Arenas and in the near future to the cruise industry.
Xstrata Plc, the world's fourth- largest copper producer, rose to a three-week high in London trading after newspaper reports that Brazil's Cia. Vale do Rio Doce may agree to buy the company within the next few days.
Foreign direct investment in Brazil reached a record 34.6 billion US dollars (almost double the 18.7 billion of 2006) reported the Brazilian Central Bank. FDI this year is expected to topple 28 billion US dollars with an estimated record 4.5 billion in January.
Port William outside of Stanley Harbour is proving a popular option with the Falkland Islands business community for a future deep-water port, however environmentalists are less enthusiastic.
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.