Investments

• Sunday, June 7th 2009 - 13:47 UTC

  New Chilean domestic airline takes off June 18

  

  Principal Airlines’ (PAL) imminent domestic service between Santiago, Antofagasta, and Iquique has officially received flight authorization from the Chilean Civil Aviation Authority.

• Sunday, June 7th 2009 - 13:43 UTC

  Fighting in the Peruvian Amazon turns ugly; death toll in the fifties

  

  Nine Peruvian police officers were killed Saturday after security forces regained control of a petroleum facility in a remote jungle region from indigenous groups that are protesting against logging and oil exploration rights awarded by the government.

• Saturday, June 6th 2009 - 14:07 UTC

  Chinalco “disappointed” with Rio Tinto’s decision to scrap deal

  

  Aluminium Corp. of China, or Chinalco, confirmed Friday that Australian mining firm Rio Tinto has scrapped the proposed 19.5 billion US dollars of investment by Chinalco, and Rio Tinto would pay a break fee of 195 million U.S. dollars to the Chinese aluminium maker.

• Saturday, June 6th 2009 - 14:01 UTC

  Rio Tinto decision was not “political” Australia assures Beijing

  

  The Australian government reassured China on Saturday that miner Rio Tinto's decision to walk away from a 19.5 billion US dollars by investment by Beijing was not a political move.

• Thursday, June 4th 2009 - 15:15 UTC

  GM Latinamerica one of the most profitable, and with plenty of credit

  

  General Motors operations in Latinamerica, Africa and the Middle East remain as strong as ever in spite GM Corp. filed in the US for bankruptcy protection this week, a top official from the company said.

• Wednesday, June 3rd 2009 - 08:42 UTC

  GM Latinamerica confirms business as usual in Mercosur

  

  General Motors has no plans to cut jobs or production in any of its businesses in the Mercosur region said on Tuesday GM’s general manager in Argentina. Edgar Lourencon went further and anticipated that plans to launch a new model for the region at the end of the year are advancing as programmed, and that the bankruptcy filing and restructuring of GM in the US does not influence business as usual in Mercosur countries.

• Tuesday, June 2nd 2009 - 10:43 UTC

  Chrysler taken over by Fiat with US, Canada governments’ support

  

  United States car group Chrysler has secured court approval for a consortium led by Italy's Fiat to take over its assets. The move, which is backed by both the US and Canadian governments, should enable Chrysler to exit bankruptcy protection in the near future.

• Tuesday, June 2nd 2009 - 10:25 UTC

  Patagonia will have the world’s most important wind power park

  

  Spanish energy company Grupo Guascor will build a 2.4 billion US dollars wind power park in Argentine Patagonia, which could be the largest in the world said on Monday Jose Grajales president of the corporation

• Tuesday, June 2nd 2009 - 04:21 UTC

  Chile breakthrough in (Asian nori) algae cultivation

  

  Scientists of Chile’s Universidad Católica (UC) have discovered several varieties of the algae Porphyra in Chile. The Department of Ecology at UC has been studying the details of the reproductive cycle of the algae in order to replicate it in the lab

• Sunday, May 31st 2009 - 15:33 UTC

  UK Vauxhall unions fearful of GM Europe/Magna Canada deal

  

  British union leaders say they fear for UK jobs after a deal was announced to save the European arm of General Motors. Germany has agreed a deal with Canadian car parts maker Magna International to take over most of GM Europe, which owns Vauxhall and Germany-based Opel.