Latin America

• Wednesday, May 4th 2011 - 22:49 UTC

  Radioactive contamination found in Japanese cars ready to unload in Chile

  

  Last Sunday Chile’s customs agency in the northern Iquique port detained a cargo ship carrying 2,500 Hyundai cars after at least 21 of the cars were found with traces of radioactive contamination.

• Wednesday, May 4th 2011 - 22:37 UTC

  Royal Caribbean awarded the “Investment in People” prized

  

  Royal Caribbean Cruises Ltd. received recognition for its shipboard “Building On Talent” leadership development program during this year's Seatrade Awards Ceremonial Dinner.

• Wednesday, May 4th 2011 - 21:17 UTC

  Latam FDI soars 40% in 2010, mainly natural resources and services

  

  Latin America and the Caribbean was the region with the strongest percentage increases as a recipient and source of Foreign Direct Investment (FDI), according to a report presented Wednesday in Mexico City by the Economic Commission for Latin America and the Caribbean, ECLAC.

• Wednesday, May 4th 2011 - 20:47 UTC

  First South America Seatrade cruise convention in Sao Paulo May 30/31

  

  For the first time ever South America will be hosting the cruise industry major event, the Seatrade Cruise Convention organized by the Seatrade Group and Abremar, the Brazilian Association of maritime cruises. The event is scheduled for May 30 and 31 in Sao Paulo and CEO from some of the leading cruise companies have already confirmed their attendance.

• Tuesday, May 3rd 2011 - 18:08 UTC

  Tax and investment protection agreements needed to boost India/Mercosur trade

  

  India emphasized the need to deepen trade and investment engagements with Latin America by expanding the existing PTA with Mercosur, during a business seminar in Montevideo, Uruguay. But he added that double tax and investment protections agreements are critical to expansion.

• Tuesday, May 3rd 2011 - 17:55 UTC

  Boeing forecasts Latam air-carriers will require 2.180 airplanes in next 20 years

  

  Boeing forecasts that air carriers in Latin America will require 2,180 new airplanes worth approximately 210 billion US dollars over the next 20 years as air travel in the region out paces the world average.

• Tuesday, May 3rd 2011 - 08:09 UTC

  Food prices threaten Latam countries; urban poor need protection, says IDB

  

  Rising international food prices could trigger an acceleration of inflation in several countries in Latin America and the Caribbean this year, highlighting the need for policies to protect the urban poor, according to a new study from the Inter American Development Ban (IDB).

• Tuesday, May 3rd 2011 - 05:20 UTC

  FAO estimates 2011 rice world production up 3%; Latam to rebound 9.2%

  

  Rice production is expected to rise to 480 million tons in 2011, which is 3% higher than a year earlier, due to improved weather conditions, the United Nations Food and Agriculture Organisation said on Monday.

• Monday, May 2nd 2011 - 00:59 UTC

  Spain main bank’s profits sustained by Latin America branches, mainly Brazil

  

  Spain’s biggest bank Santander reported first-quarter profit declined 5% as lower earnings at home offset gains in Latin America. Net income fell to 2.11 billion Euros from 2.22 billion Euros a year earlier, the Spanish bank said in a filing Friday.

• Monday, May 2nd 2011 - 00:31 UTC

  LAN plans to invest 4.6 billion USD on its fleet through 2014

  

  Chile's LAN Airlines group plans to spend around 4.6 billion US dollars on its fleet of aircraft through 2014, Chief Financial Officer Alejandro de la Fuente announced.