Stock markets in Europe and much of Asia extended a rally overnight after a week of losses in global equities but Wall Street faltered as investors pulled back. European markets steamed ahead following on Asia's rebound although Tokyo and Hong Kong turned lower.
Uruguay's summer season (December/March) attracted 650.000 foreign tourists of which 412.000 Argentines and 115.000 Brazilians according to an official release Thursday from the Ministry of Tourism. Overall the season was described as good but less promising than 2005/06.
With the summer season almost over Argentina had a record year in the number of tourists and money spent according to the Tourism Secretary in Buenos Aires.
Four European cities are the most expensive in the world claims a survey from the Economist Intelligence Unit's worldwide cost of living survey. Latinamerica on the other hand has the cheapest average cost of living.
Over 640,000 foreign tourists visited Chile this summer contributing more than 345 million US dollars to the economy, reported Chile's state tourism office ÃÂ¢€” SERNATUR- last week.
British Airways and Virgin Atlantic have criticised a new open skies deal between the European Union and US that aims to open up their airline markets.
Passenger occupation levels of the new Iberia Madrid-Gibraltar flight stands at approximately 50%, according to official figures released by the Spanish airline at the weekend and reported in the Gibraltar Chronicle.
Thieves broke into the house where former Chilean president Ricardo Lagos was vacationing in the exclusive Uruguayan resort of Punta del Este approximately two weeks ago, reported Friday the Montevideo press.
Chile's flag carrier LAN airlines increased the share of its Argentine affiliate to 70%, following 2006 reforms to the Argentine Aeronautical code authorizing foreigners to have a majority stake in commercial airlines, reports the Buenos Aires press.
Media conglomerate Walt Disney Co. said Thursday that it plans to expand its cruise business with the addition of two new ocean liners to meet demand for its family cruise vacations.