The IMF has cut its global growth forecasts for this year and 2013 and called on politicians in the Euro-zone and the US to take decisive steps to restore confidence, a German newspaper said Friday.
The Uruguayan government announced the creation of an inter-ministerial task force to consider a proposal to “resume air connectivity” of the country following on a proposal from Argentine businessman Juan Carlos Lopez Mena who owns sea, river and air link companies between Argentina and Uruguay.
By Alicia Dunkley-Willis (*) - With commercial oil production projected to commence in 2017 for the 3,000 population Falkland Islands, efforts are now underway to ensure that the impending wealth does not upset the order here.
Spanish airline Cosmo which purchased in an auction in Montevideo seven aircraft from Uruguay’s liquidated flag-carrier Pluna said they will be used “to expand the charter flight business in Central and Eastern Europe”, according to an official company communiqué released by the Spanish government news agency EFE.
Out of the blue a Spanish-based air charter company, Cosmo, and seven minutes after the auction had started purchased the seven Bombardier aircraft from Uruguay’s defunct flag carrier Pluna for the base price of 137 million dollars.
US manufacturer Boeing announced this week it has sold 60 aircraft to Brazil’s Gol Linhas Aereas Inteligentes, comprising the largest order ever from a single airline in South America. All 60 of the airplanes will be the 737 Max model, at a value of about 6 billion dollars at list price.
British Prime Minister David Cameron arrived in Brazil on Thursday to promote UK business and capitalise on the success of the summer Olympic games. Cameron first stop was Sao Paulo where he arrived with a 58-strong business delegation and opened a new £60m JCB factory.
Falkland Oil and Gas, FOGL, announced on Tuesday that last 25 September it spudded the Scotia exploration well to the East of the Falkland Islands. The well FI 31/12-01 is located 315 km east-northeast of the Islands capital Stanley, and 114 km from the Loligo prospect.
The world leading lithium producer SQM has won a tender to develop a lithium concession in Chile, which produces around 40% of the metal, used widely in hybrid vehicles and computer and smart-phone batteries, the Mining Ministry said on Monday.
Korea’s Hyundai Motor is expanding its presence in Africa and Brazil, two of the several automobile markets with mammoth growth potential by diversifying export models. While the largest carmaker in Korea is making the most of its manufacturing factory in India it launched regular operation of its Brazilian factory over the weekend.