Investments

• Tuesday, March 8th 2011 - 02:05 UTC

  Uruguayan investors purchased 1.1 million hectares in the Paraguayan Chaco

  

  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.

• Saturday, March 5th 2011 - 05:47 UTC

  Brazilian regulators approve LAN/TAM merger to become Latam’s largest airline

  

  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.

• Friday, March 4th 2011 - 01:31 UTC

  Bolivia signs gas exploration agreements with Petrobras and Repsol

  

  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.

• Thursday, March 3rd 2011 - 05:23 UTC

  Argentine/Chinese corporation buys Exxon downstream assets in Mercosur

  

  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.

• Wednesday, March 2nd 2011 - 06:12 UTC

  Tokyo Sky Tree with 601 meters became the world’s highest self-standing tower

  

  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.

• Tuesday, March 1st 2011 - 18:40 UTC

  Brazil’s Embrear becomes the world’s leading executive-jet manufacturer

  

  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.

• Tuesday, March 1st 2011 - 16:41 UTC

  TAM ordered 34 aircraft in anticipation of strong growth demand in Brazil

  

  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).

• Sunday, February 27th 2011 - 23:14 UTC

  China plans to build 45 new airports in the next five years

  

  China plans to build at least 45 new airports in the next five years to serve booming travel, the top industry regulator said last week.

• Sunday, February 27th 2011 - 23:08 UTC

  ANCAP contracts 50.000 km areo-magnetic survey of the Uruguayan offshore

  

  Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.

• Saturday, February 26th 2011 - 02:54 UTC

  Uruguay and Argentina agree to build floating re-gasification plant

  

  Uruguay and Argentina signed on Friday an agreement to build a re-gasification plant for liquid natural gas to help meet their energy needs. The floating re-gasification plant will supply the two nations with 10 million cubic meters a day of natural gas, scalable to 15 million, starting in 2013 according to an official statement.