
Even when Brazilian meat and chicken exports are recovering at a slower pace than anticipated, representatives from the industry and market analysts anticipate that overseas sales should retake pre-crisis levels by the end of 2010, if not in price, in volume.

The Inter-American Development Bank set record levels of loan approvals and disbursements in 2009, playing a counter-cyclical role by providing financing to Latin American and Caribbean countries in the face of the global economic crisis.

A South Korean consortium has been awarded a contract worth an estimated 40 billion US dollars to build four nuclear power plants in the United Arab Emirates. The group, led by the Korea Electric Power Corp (Kepco), beat bids from a US-Japanese group and a French firm.

An unusual visitor to the Falkland Islands last week was the Prins der Nederlanden, which anchored in Port William for the second time to receive fuel, reports the local Penguin News.

Uruguay’s is expecting a record wheat crop for the second year running in 2009 while the barley harvest is forecasted as the largest in the last ten years according to the Statistics Office from the Ministry of Agriculture, Livestock and Fisheries.

Chilean flag carrier LAN Airlines and its subsidiaries, one of the leading airlines in Latin America, announced Wednesday that the Company signed a contract for the purchase of 30 Airbus A320 family aircraft to be delivered between 2011 and 2016.

Argentina's YPF, the local unit of Spanish oil major Repsol, said on Tuesday it would explore for oil and natural gas in the Falkland/Malvinas Islands basin as part of a five-year exploration program.

The Brazilian Army and Fiat Iveco signed an agreement for the manufacturing or 2.044 armoured vehicles involving 3.5 billion US dollars as part of the new National Defence Strategy launched by the administration of President Lula da Silva.

A proposed 916 million US dollars road tunnel linking Chile and Argentina was endorsed last week by the Coquimbo (Region IV) regional government. The approval gives a green light to the proposed 14-km tunnel linking Chile’s Coquimbo province with the Argentine province of San Juan.

Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity