For the first time in more than 130 years, the Bolivian Navy will have access to the Pacific Ocean, after the heads of state of Bolivia and Peru signed an agreement to grant Bolivia access to the sea near the Peruvian port of Ilo.
US proposals that countries set targets to reduce trade imbalances appeared to be running into opposition at the G20 meeting of leading economies. US Treasury Secretary Timothy Geithner wrote to G20 members on Friday suggesting limiting surpluses and deficits to a percentage of output.
Land purchases by foreign investors in poor countries and the growing use of bio-fuels are boosting pressures on agricultural farmland and helping make 500 million small farmers hungry, a U.N. envoy said this week.
Russian energy company Gazprom has plans to take a 20% stake in natural gas projects in Bolivia, the gas monopoly said. Gazprom said it could take the stake under the terms of a September deal with French energy company Total for the Ipati and Aquio gas blocks in Bolivia.
Argentina's industrial production surged in September boosted by domestic demand and strong export markets. Industrial production rose 9.7% in September from the year-ago month, and was up 1.2% from August, the national statistics agency Indec reported Friday.
Argentina and Brazil are negotiating an alliance with other South American producers of grains and oilseeds to deal jointly with buyers in Asia and elsewhere, according to Brazilian Agriculture Minister Wagner Rossi.
Brazil’s ruling party candidate Dilma Rousseff is pulling ahead in the presidential run-off as the focus of the campaign shifts away from controversial social issues and back to the economic gains of recent years.
Physicists and engineers at the University of Leicester and the British Antarctic Survey (BAS) have installed a radar system on the Falkland Islands to monitor the upper atmosphere activity which creates the ‘Southern Lights’.
Chile will cut red tape on customs to help exporters hit by a strong peso as one measure to ease the effects of the currency's rapid appreciation, Finance Minister Felipe Larrain said on Thursday.
Two Falkland Islands hydrocarbons exploration companies have signed contracts for marine seismic acquisition services with Polarcus Limited. The contracts were announced Thursday and should be operational by early January 2011.