Petroleos de Venezuela SA and Italy’s Eni SpA said they’ll jointly invest 17 billion US dollars to produce and refine heavy crude in the Orinoco Belt.
Bolivian President Evo Morales delivered a blunt reply on Monday to visiting US Secretary of Defence Robert Gates's warning about dealings with Iran, saying Bolivia will ally with whomever it wants.
Trade among Latinamerican countries is expected to increase 22% during 2010, which is higher than forecasted, according to the UN Economic Commission for Latinamerica and the Caribbean, Cepal. This follows a drop of 0.9% in 2009 when the full impact of the global crisis.
Ireland became the second Euro country to seek a rescue as the cost of saving its banks threatened a rerun of the Greek debt crisis that destabilized the currency. The Euro rose and European bond risk fell Monday following the announcement of the package.
The European Union Mercosur trade agreement is still far from becoming a reality and the coming Ibero-American summit in Mar del Plata early December is not expected to signal any significant achievement in this field, according to Spanish political analysts who anticipate some advances towards the end of next year.
European Union leaders and President Barack Obama over the weekend made a point of stressing EU/US close ties after a low-key summit in Lisbon ended with a pledge to push for a deal in the Doha trade negotiation next year.
The Brazilian navy is planning to build and incorporate in the next decades a fleet of six nuclear powered and 20 conventional submersibles (15 new and five refurbished), making it the most dissuasive fleet of South America.
Uruguay expects 200 cruise calls this 2010/2011 season totalling 300.000 visitors between passengers and crewmembers said the country’s Tourism and Sports minister Hector Lescano during the official launching of the cruise season.
The United States Department of Commerce says the number of international visitors to the country is rising fast.
Hundreds of cities, towns and villages throughout Brazil commemorated Saturday Black Consciousness Day with different festivities and cultural activities. Brazil is considered the second Black Country in the world behind Nigeria, with 75.8 million African-Brazilians and is still exposed to the consequences of racial discrimination.