Brazil has agreed to lend 700 million US dollars to state-owned airline Aerolineas Argentinas to fund its purchase of 20 planes from Embraer in an effort to save jobs at the aircraft maker.
Uruguayan president Tabare Vazquez left China Wednesday with promises of more investments and an increase in purchases of tops, wool, pulp, meat and fisheries, according to reports from the official press released in Beijing.
German car and trucks manufacturer Daimler- Benz sold a 9.1% stake to an Abu Dhabi sovereign investment fund. The fund, Aabar Investments, will invest 1.95 billion Euros becoming the biggest shareholder.
Visiting Uruguayan president Tabare Vazquez and his Chinese counterpart Hu Jintao called Monday for “firm results” from the coming G-20 summit in London next week according to reports in the official Chinese press.
Europe’s largest paper and pulp maker Stora Enso anticipated a drop in first quarter earnings and said it is freezing the expansion of a mill in Brazil because of sliding demand for wood and fine paper used in offices and magazines.
Falkland Oil and Gas Ltd (FOGL.L), which has a farm-in-deal with BHP Billiton, said on Tuesday it expected to be drill ready by the end of the third quarter or early 2010. The announcement was made after having posted a narrower full-year pre-tax loss.
Ecuador’ government owned Petroecuador signed a transitional contract with Repsol-YPF, giving the Ecuadorian government a bigger share of the Spanish oil company’s profits for one year and paving the way for new fee-for-service deal.
Favourable timber growing conditions, a good business climate and a stable political environment has attracted a number of European forest companies to invest in Uruguay the past few years, reports WRQ.
An offshore services support Norwegian vessel will begin next week working for the recovery of the Chilean flagged trawler “Polar Mist” loaded with containers containing gold and silver that was lost in the South Atlantic offshore Argentina.
The British government has offered a grant of up to £27 million to motor giant Land Rover to build a new vehicle. The company will make a decision later this year on whether to go ahead with the £400 million project at its factory at Halewood on Merseyside.