European aircraft manufacturer Airbus said Tuesday it had received a firm order from Chilean carrier LAN for 50 medium-haul A320 airliners, which at catalogue prices would be worth more than 4 billion dollars. Airbus said the LAN commitment was the manufacturer's largest single aircraft order ever recorded in Latin America.
Chile's government wants to make state-owned oil and gas company Empresa Nacional del Petroleo SA, (ENAP) economically viable through a management overhaul and streamlining of production.
Following the 30% expansion in 2010, Brazilian exports are forecasted to grow 12%, in 2011 according to Foreign Trade Secretary Weber Barral. He added that in 2010 the recovery was quite strong compared to the downturn of 2009, but in 2011 global trade growth rate is expected to slow down.
Toyota, the largest car-maker in the world is forecasting a 2% rise in global production across Toyota, Daihatsu and Hino models to 8.69 million units, compared to this year’s expected global output of 8.55 million units. Overseas production next year is expected to rise 6% to 4.81 million units, offsetting a 4% drop in domestic output to 3.89 million units.
Chile's state oil firm ENAP is seeking joint ventures with foreign companies to explore for crude and gas at five blocks in the country's extreme south region and has invited over twenty corporations to participate, announced the company.
Latin America and the Caribbean experienced rapid employment recovery in 2010 to pre-crisis levels, according to data provided by the International Labour Organisation (ILO). However, the quality of jobs now being offered to those made jobless in the contracted worldwide recession over the past two years is fast becoming a problem in itself.
The world's five biggest airlines now come from Asia and Latin America, highlighting the industry's shift away from the US and Europe to higher-growth countries, according to recent reports from the International Air Transport Association, IATA.
Brian Hanrahan, one of the most famous BBC correspondents - best known for his coverage of the Falklands War - has died at the age of 61 after a short battle against cancer.
A ruling from Argentina’s Supreme Court admitted “Malvinas war veteran condition” to a petty officer who was deployed in Puerto Belgrano and Rio Grande during the 1982 conflict thus enabling him to a veteran’s pension.
Argentina's current account balance--the broadest measure of a country's transactions with the rest of the world—posted a 900 million US dollars surplus in the third quarter, but was down slightly from expectations and the performance from a quarter earlier.