Investments

• Tuesday, November 24th 2009 - 12:59 UTC

  Ford plans its largest ever investment in Brazil: 2.3 billion USD

  

  Ford Motor Co. announced it will spend 4 billion Reis (2.3 billion US dollars) to expand in the growing Brazilian market, the largest investment it has made in the country.

• Saturday, November 21st 2009 - 11:31 UTC

  World largest solar powered trimaran prepares to circumnavigate the world

  

  The world's largest solar-powered trimaran, PlanetSolar, will not have sails. Instead of wind it will rely on the power of the sun to circumnavigate the world in 140 days. That's according to plans sketched out by the financial backers and designers of the triple-hull, 30-metre-long, 15-metre-wide boat under construction at Knierim shipyard in Kiel, Germany.

• Friday, November 20th 2009 - 02:09 UTC

  Santiago airport expansion and fast train plans unveiled by Chile

  

  The Chilean government this week unveiled two major public transport initiatives aimed upgrading the nation’s transport infrastructure: a third runway and expanded terminal at the Arturo Merino Benitez International Airport (AMB) and a fast train service connecting the airport to the port city of Valparaiso in 2010.

• Thursday, November 19th 2009 - 13:08 UTC

  BG Group plans to invest 20 billion USD to develop oil and gas in Brazil

  

  The president of British Gas Group in Brazil, Nelson Silva said this week that the company plans to invest 20 billion US dollars in the country until 2020.

• Thursday, November 19th 2009 - 06:05 UTC

  Desalinization plant in north Chile to support iron mining

  

  CAP, one of Chile's largest mining companies, announced plans this week to construct a 250 million US dollars desalinization plant to provide water for its iron mining operations in Chile’s northern Atacama area (Region III).

• Friday, November 13th 2009 - 15:22 UTC

  British Airways/Iberia merger will create Europe’s third largest airline

  

  British Airways and Spanish airline Iberia say they have reached a preliminary agreement for a merger expected to be completed in late 2010. The merger, which must be approved by the European Commission, would create Europe's third biggest airline.
  Under its terms, Iberia would take a 45% stake and BA, which last week reported a six-month pre-tax loss of £292m, a 55% stake in the company.

• Tuesday, November 10th 2009 - 11:47 UTC

  Welsh couple and syndicate from Liverpool hit £ 90 million jackpot

  

  The winning ticket holders of the United Kingdom's largest-ever lottery prize are a married couple from Newport, in south Wales, and a syndicate from Liverpool. The two tickets will take a £45,570,835.50 share of Friday's £90m (100 million Euros) Euro-millions jackpot.

• Saturday, November 7th 2009 - 16:16 UTC

  Mining and construction backbone of Chile’s economic recovery

  

  Mining and construction industries have led Chile’s economic recovery, according to a recently released economic report.

• Thursday, November 5th 2009 - 09:51 UTC

  Petrobras receives Chinese financing to develop sub-salt oil resources

  

  Brazil's government managed oil and gas group Petrobras announced Wednesday it had signed a contract permitting the first payment from a 10 billion US dollar loan from China to help it finance upcoming investments.

• Thursday, November 5th 2009 - 05:42 UTC

  Chinese company buys oil assets in the US for the first time

  

  Chinese energy giant China National Offshore Oil Corporation (CNOOC) has bought oil assets in the US for the first time. CNOOC purchased limited stakes in four deepwater exploitation licences in the Gulf of Mexico from Norway's Statoil. The size of the deal is secret, but Statoil said it was small.