In a nod to the luxury cruiser industry, Chile’s government says it will invest more than 180 million US dollars to improve and expand tourism infrastructure to convince foreign travellers to visit the country.
Most of the 9.5 tons of gold and silver (valued in 20 million US dollars) that went down in the South Atlantic off the Argentine coast on board a converted Chilean trawler have been recovered by a rescue mission contracted by the insurers of the cargo, reports the Argentine press.
Britain has agreed a £3 billion contract for 40 more Euro-fighter Typhoon jets for the RAF in a move the Government said will secure 15,000 British jobs. Defence equipment minister Quentin Davies joined counterparts from partner nations in Munich to sign the long-delayed deal for the fighter-bombers.
Currently Argentina is only sending 10% of the agreed quantity of natural gas to its Andean neighbour, Chile. Faced with an energy crisis beginning to impact upon economic growth, Chile was forced to scour the globe for energy sources says Eugenio Chinchon, a Chilean business development manager specializing in renewable energy.
The Chilean mining industry has regained more than half of the jobs lost in the recent recession and is anticipating further growth, spurred in large part by a growing value for copper, according to the latest numbers from the Minister of Mining.
Construction on more than 10% of 1.306 planned skyscrapers was on hold at the end of June, and there were 11% fewer such projects under way compared with six months ago, according to a report released this week by Frankfurt based Emporis GmbH.
Ford, the only one of the Big Three United States carmakers not to have gone bankrupt, has reported a quarterly profit of 2.3billion US dollars. However, the profit was largely due to one-off gains related to debt restructuring, with demand for new cars remaining weak.
Spot iron-ore vessel bookings from Brazil to China jumped to a record in July as Australia suspended spot sales following detentions of Rio Tinto's top sales officials in China, reports Reuters.
Finnish paper firm UPM-Kymmene Corp. said Wednesday that it plans to take over the Fray Bentos pulp mill and forest plantations in Uruguay from Finnish forest co-operative Metsaliitto Group in an asset-swap arrangement.
General Motors announced Wednesday it will invest a billion US dollars to develop two new car models in Brazil. GM Brazil and Mercosur operations president said it was the corporation’s biggest investment since the onset of the global financial crisis.