Walt Disney’s theme park in Shanghai will be built in a 7 square-kilometre area that the city has designated as a tourist destination, according to a draft blueprint of the project.
Work on the Belo Monte giant hydroelectric dam complex in the Amazon, which has generated much controversy in Brazil because of its environmental impacts, officially began Monday, (in spite of Carnival celebrations) according to the Norte Energia consortium.
Chile’s Concha y Toro, Latin America’s largest wine producer, sealed a deal this week with Brown-Forman’s Fetzer Vineyards in a transaction worth 238 million US dollars to purchase its portfolio of American wine brands. The sale is expected to close in April 2011.
Uruguayan investors have purchased an estimated 1.1 million hectares in the Paraguayan Chaco, (heartland of landlocked Paraguay) in spite of the fact land prices have quadrupled in the last two years. The record year was 2010 with 200.000 hectares.
Brazil's civil aviation authority passed on Thursday the planned combination between Brazilian airline TAM and Chilean rival LAN with no restrictions, giving a boost to their project to create Latin America's largest airline and the third largest in the world.
Bolivia's state-owned oil company YPF Bolivianos said this week that it has signed oil and gas exploration agreements with Brazil's Petrobras and Spain's Repsol.
Pan American Energy has agreed to buy an oil refinery and more than 700 service stations in Argentina, Paraguay and Uruguay from Exxon Mobil Corp for which it will be paying an estimated 850 million US dollars.
Tokyo Sky Tree, under construction in Tokyo, topped the 600-meter mark Tuesday, becoming the world’s highest self-standing tower nearly two years and seven months after the construction began in July 2008, the operator said.
Brazilian executive-jet maker Embraer boosted by domestic demand, became in 2010 the number one world company in sales totalling 145 units and 19% of the global market.
TAM, Brazil's largest airline has ordered 34 aircraft to renew its fleet as it expands operations in its home market and overseas. The operation involves 3.2 billion US dollars and includes 32 A320 Airbus (156/174 seats) and two Boeing 777-300ERS (365 seats).