Brazil's government managed oil and gas corporation Petrobras and Repsol-YPF have been awarded a contract to explore for natural gas and oil off Uruguay's coast announced the country’s oil firm Ancap.
Britain's second-biggest airport will have new owners within weeks following a £1.51 billion deal with a US-based investment fund. Gatwick's current operator BAA, heavily criticised for its stewardship of the West Sussex airport, said it had reached an agreement with Global Infrastructure Partners (GIP).
Desire Petroleum, the oil and gas exploration company focused on the North Basin of the Falkland Islands announced Wednesday it has conditionally placed 60 million new ordinary shares of 1p each at an issue price of 70p per share, thereby raising £42 million (68 million US dollars) before expenses.
Uruguay as the natural gateway to Mercosur, --South America’s main trading block-- will be the top issue to be discussed at the SeaCargo Americas AirCargo Americas Conference special seminar to he held November 5th in Miami with the participation of hemispheric port, airport and logistics leaders.
Miami-based Telecommunications Company said it planned to build an underwater fibre-optic cable linking the United States and Cuba, creating the first such line of its type.
Brazil's JBS said on Wednesday the US Justice Department has approved the takeover of US-based Pilgrim's Pride paving the way for JBS to become the world's largest meat company.
Uruguay inaugurated this week the new Montevideo’s port facilities which will expand handling to over 1.1 million containers annually making it the most advanced terminal of South America.
Two of Latinamerica's best known airlines are set to merge in a deal aimed at cost-cutting. Avianca of Colombia and El Salvador's Taca will join forces, but have said that each will maintain its own identity and operate separately. The two airlines have about 130 planes and some 13,000 employees.
Rwandan President Paul Kagame has praised the way China does business in Africa, criticising the West for basing relations with the continent on aid. Huge Chinese investment in African companies and infrastructure is helping Africa develop, Mr Kagame said.
The United Nations Food and Agriculture Organization said on Thursday major investment needs to be made in developing world agriculture. The FAO says that with rapid population growth and changing diets, agricultural production will need to grow by 70% before 2050.