Uruguay is on route to add another substantial option to its commodities' led economy: pulp and paper. A pulp mill is ready to begin production, another two are on the drawing board and a fourth has been announced by Portuguese interests.
In search of more investments Brazilian president Luiz Inacio Lula da Silva arrived this weekend in Spain where beginning next Monday he has a heavy schedule of political and economic meetings.
Uruguay and Argentina seem to be silently working a way out from the controversy over the construction of a pulp mill on shared fluvial waters, which has been escalating for several years overflowing to the international and regional tribunals as well as the facilitating efforts of the Spanish Crown.
Eurostar has set a record on its inaugural journey from Paris to London via Britain's new high-speed line. The train, carrying journalists and VIPs, arrived at St Pancras, instead of Waterloo, for the first time. It took two hours, three minutes, 39 seconds.
Brazil's biggest airline, TAM Linhas Aereas said on Tuesday it postponed plans to increase its fleet of Airbus jets from 2008 to 2011 because of a drop in demand for domestic air travel.
Panamanian President Martin Torrijos and former US President James Carter lead Monday the starting ceremony for the modernization of the inter-oceanic canal zone.
Anglo-Australian mining group Rio Tinto announced Monday that its bid to buy Canada's Alcan for 38.1 billion US dollars has been approved by US antitrust authorities.
A leading Brazilian meat industry group Marfrig acquired an abattoir in Tierra del Fuego belonging to a group of cattle farmers from Magallanes Region, reports La Prensa Austral from Punta Arenas. The operation involved 8.5 million US dollars.
Foreign ministers and envoys from 33 Latin America and East Asian countries on Wednesday opened in Brasilia two days of talks here to boost fledgling trade ties and build links between the far-flung regions.
Workers of the Botnia pulp mill in Uruguay voted Friday to continue the work stoppage begun Thursday, until next Monday alleging insufficient guarantees. This week several workers were intoxicated with sulphur sodium during trials at the plant, which is in the heart of an international controversy with Argentina.