Political turmoil in the Chilean ruling coalition which has left President Michelle Bachelet without a majority in the Senate has meant that for the first time Magallanes region, in the extreme south of the country, will have a deputy speaker in the upper house beginning March 2009.
Vancouver is the world's best place to live, a survey by the Economist Intelligence Unit (EIU) has found. In Latinamerica although no city manages ideal living conditions, Montevideo in Uruguay, Santiago in Chile and Buenos Aires in Argentina offer the region's best conditions.
Keeping electricity rates frozen cost the Argentine Treasury four billion US dollars in four years, from 2003 to 2007. A sum which could have been invested in six 800 MW thermal generation plants or two gas pipelines from Bolivia according to Argentina's Cammesa, manager of the country's wholesale electricity market.
The Argentine government contracted 37.000 civil servants under the administration of president Nestor Kirchner, (2003/2007) which works out at an average of 35 new employees every day, according to reports from the Ministry of Economy published Monday in the Buenos Aires press.
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.
According to recently released industry data, Chile maintained its status as the world's second largest famed salmon-producer in 2007, although salmon production decreased by about three percent from 2006.
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.
Brazil is seeking to acquire military technology from France that could help it become the first country in Latin America to have a nuclear submarine, the Defense Ministry said on Monday.
The United Nations Economic Committee for Latinamerica and the Caribbean, Cepal and the Andean Promotion Corporation, CAF downgraded their prospects for the region's growth this year fearing the impact of a recession in United States.
Five Norwegian companies, presently unlicenced to trawl for krill in Antarctica, have had their requests to do so turned down by the Norwegian Directorare of Fisheries. The five companies locked out of said fishing are Andre VÃÂ¥gsholm, Henning Veibust, Norway Krill Company Ltd, Olympic/Stig Invest and the Fish Group of Norway.