Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.
Usinas Siderurgicas de Minas Gerais SA, Brazil’s second-largest steelmaker, agreed to sell a stake in its mining and railroad businesses to Sumitomo Corp. for 1.93 billion US dollars before a possible share offering in the unit.
Congressman Indio da Costa of the opposition Democrats party was named Brazilian presidential candidate Jose Serra’a running mate. The move is geared to retake the initiative in the campaign to October 3 presidential polls which now have incumbent Dilma Rousseff ahead.
Three months after opening its newest store in Chile, The World of Wines - a key Chilean wine retailer – is looking to expand throughout the region.
Syrian President Bashar al-Assad on his first-ever tour of Latin America proposed a free trade agreement with Mercosur after meeting Wednesday in Brasilia with his Brazilian counterpart Lula da Silva and giving a conference at the Foreign Ministry seat in Itamaraty Palace.
International tourist arrivals grew by 7% in the first four months of 2010 according to the latest issue of the United Nations World Tourism Organization World Tourism Barometer.