Bolivia announced this week foreign energy corporations have promised to invest more than 580 million US dollars in 2007, about three times more than last year. The announcement comes a month after President Evo Morales threatened the industry with ignoring contracts if they were not committed to investing in Bolivia.
Brazil' government managed oil corporation Petrobras announced international investments totaling 15 billion US dollars in the 2008/2012 period, most of which in exploration and production in the Gulf of Mexico, Argentina and Western Africa.
Russian Foreign Affairs Minister Sergei Lavrov and a delegation of businessmen arrived Tuesday in Peru for an official one day visit to hold talks with President Alan García and sign several cooperation agreements.
With global grain prices reaching record levels the idea of an international Grain OPEC is floating again in the air and under consideration in a Moscow conference. Russia is one of the world's leading producers and exporters of cereals.
Three million and a half foreign tourists will be visiting Argentina by the end of 2007 totaling 3.2 billion US dollars, according to the country's Tourism Under Secretary Daniel Aguilera.
The Organization of Petroleum Exporting Countries (OPEC) agreed to increase oil production by 500.000 barrels per day from November first, Qatar's Energy Minister announced at the 145th OPEC session Tuesday in Vienna.
Asia Pacific Economic Cooperation, APEC, leaders meeting in Australia pledged on Sunday their political will and flexibility to bring faltering global trade talks into their final phase this year.
Millions of people throughout the developing world could be left out of the window of opportunity created by current windfalls of commodities unless those funds are used to diversify emerging economies according to a report by a United Nations (UN) agency.
Senator Cristina Fernandez de Kirchner, Argentina's First Lady, will face two major opposition contenders among the 14 candidates who registered by Sunday's deadline for October 28th presidential election.
A center-left businessman and a conservative former general face a November runoff for Guatemala's presidency, according to election returns Monday that showed a Nobel Peace Prize winner finishing a distant sixth.