Argentina and Brazil have signed a letter of intent to jointly develop the KC-390 twin-engine military cargo aircraft, announced Argentina’s Defense minister on Monday.
Brazilian President-elect Dilma Rousseff named a market-friendly transition team on Monday as she prepares to take the helm of a booming economy threatened by heavy government spending and an overvalued currency.
The new head of the British armed forces has said it makes absolute sense for the United Kingdom and France to work together on defence, ahead of a summit on Tuesday. PM David Cameron and French President Nicolas Sarkozy are expected to sign a defence treaty improving collaboration between the two countries.
Falkland Islands oil explorer Desire Petroleum (DES.L) said a closely-watched sidetrack well on its Rachel prospect in the Falkland Islands was unable to reach target depth and it would clean the hole out before trying again.
A newly released regional report on economic inequality ranked Chile as one of the top 15 countries in the world with the worst inequality of income distribution and declares Latin America and the Caribbean to be the region with the worst inequality worldwide.
Interest in fixed assets, strong commodities’ prices and growing prospects that global demand for food producing land will continue have generated a new rush of foreign investors to buy land in Uruguay.
Punta Arenas launched Sunday the “Chilean Antarctica Day” celebrations that are programmed to last a full week including the visit of Chilean president Sebastián Piñera and his Ecuadorean peer Rafael Correa, specially invited for the occasion.
EU leaders say tough new budget rules agreed at their summit in Brussels will protect the Euro from a future Greek-style debt crisis. The EU sealed a solid pact to strengthen the Euro, said European Council President Herman Van Rompuy.
After a decade of stalled values for live cattle in Punta Arenas, extreme south of Chile, prices for calves have almost trebled to over three dollars per kilo, which represents a 90% increase over a year ago.
Following a 21-month independent assessment, the South Georgia ice-fish fishery has been certified as a sustainable and well-managed fishery under the Marine Stewardship Council (MSC) standard.