Airport operator Grupo Aeroportuario del Sureste SAB (ASR, ASUR.MX), or Asur, said Tuesday it’s contemplating legal action that could potentially drag out for years if antitrust authorities don’t change their minds and let the company bid on a new airport. Read Article
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While onshore wind farm activity in long-standing markets such as Spain and Germany slows, Latin America’s onshore wind sector is buzzing, with a score of recent milestones being reached. Mexico has seen considerable activity, joined by Argentina and Venezuela among others. Read Article
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Energy giant Chevron Corp. (CVX: News ) said Tuesday that it has filed a civil lawsuit under the Racketeer Influenced and Corrupt Organizations Act as well as other federal and state laws against the trial lawyers and consultants leading a fraudulent litigation and PR campaign against the company. Read Article
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A slight percentage drop in tourism is projected for January, as confirmed by the director of Sernatur, Alvaro Castilla. Los motivos de esta baja -que se espera sea dada a conocer la próxima semana- son “un poco previsibles”, dice Castilla y se deben “al tema del tipo de cambio” y en menor medida al terremoto. […]
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Mina Invierno, a major coal mine project to be located in Chilean Patagonia, has sparked new controversy in the Magallanes Region. The coal mine will be located on Isla Riesco, Chile’s fourth biggest island, just 80 miles from the region’s capital of Punta Arenas. Read Article
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In a meeting yesterday between State Secretary of Tourism, Oralia Rice Rodríguez, the Justice department, Secretary of Public Security and officials from the Carnival Cruise Line, Rice Rodríguez promised an “armored plate” security presence for cruise ship passengers visiting Mazatlán. With the installation of more than 100 newly recruited elite police officers, Rice Rodríguez guaranteed […]
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Brazilian carrier TAM Airlines is expanding its fleet on the back of rising demand for domestic flights across the vast country. The airline is to add two Airbus A330s, two A321s and three A319s to its fleet to meet domestic demand which is forecast to soar by as much as 18% this year. Read Article
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A strike that has halted grain and edible-oil shipments from important river ports in Argentina entered its seventh day Tuesday, with the local port authority saying it won’t allow more ships to dock or anchor in the area. There are currently nine vessels docked and an additional 13 anchored near the San Martin, San Lorenzo […]
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Fake goods worth more than USD 200 million have been seized and nearly 1,000 people arrested in a series of operations co-ordinated by INTERPOL across South America targeting organized criminal counterfeiting networks. Carried out under the auspices of Operation Jupiter in partnership with the World Customs Organization (WCO), the year-long operation throughout 2010 led to […]
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It’s perhaps the biggest economic question – and potential threat – that Long Beach and its neighboring cities have faced in decades. And it couldn’t come at a more trying time for dockworkers, mariners, truckers and business leaders struggling with a global recession and severely depressed trade volumes through San Pedro Bay. The Panama Canal […]
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Mexican tycoon Carlos Slim said on Monday he plans to boost his investment in Mexico this year by about 20 percent to $3.6 billion, with telecoms, mining and infrastructure taking center stage. Read Article
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WHEN last September government forces seized computer hard drives and memory sticks belonging to “Mono Jojoy”, the military commander of the FARC who was killed in an assault on his camp, officials said they had struck a gold mine of information about the inner workings of Colombia’s main guerrilla group. It turned out that they […]
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A pay strike at key Argentine grains ports that is disrupting exports from one of the world’s biggest food suppliers could worsen if it is not resolved soon, a union leader said on Monday.
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New Brazilian President Dilma Rousseff is in Argentina on her first foreign trip to talk about nuclear energy and trade with President Cristina Fernandez. It’s the first time both South American countries are led by women. Read Article
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If Wikileaks documents are any indication, Chinese investors might have a big surprise in store as they continue their push into Latin America. In their effort to extract raw resources, the Chinese have fared relatively well in such areas of the globe as Africa. However, recently disclosed U.S. cables hint that Latin America may not […]
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Since oil prices are climbing, thus ensuring enough funds for Venezuela to meet its obligations, investors should view Venezuela as a low-risk country. However, the lack of confidence in the South American lingers. Venezuela’s country risk -an indicator of the spread between the yield an investor demands in order not to buy US Treasury bonds […]
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Gottwald Port Technology GmbH (Gottwald), a subsidiary of Demag Cranes AG, has a contract to supply a mobile harbor crane G HMK 8410 to get the port Angamos, Mejillones, Chile. The crane Generation 5 (Model 8), the largest mobile harbor crane Gottwald be for container handling in the Americas. The G HMK 8410, it will […]
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Americas Gateway Development Corporation (Amega) expects to begin the second phase of studies for a new transfer terminal near Costa Rica’s Moin port in the next few weeks, company CEO Aubrey de Young told BNamericas. The firm expects to invest some US$14.9mn in completing detailed designs which cover technical, legal, financial and environmental aspects of […]
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A consumer-advocate organization and local news media are reporting that Chile’s top antitrust authorities have suspended a merger between Chilean airline LAN and Brazilian airline TAM. The daily newspaper La Tercera is reporting that the five members of the Court for the Defense of Free Competition agreed to suspend the merger while they determine whether […]
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AmBev (ABV) is the largest brewer in Latin America by sales volume and the fourth-largest beer producer in the world. It produces, distributes, and sells beer and PepsiCo (PEP) products in Brazil and other Latin American countries. It also owns Argentina’s largest brewer, Quinsa. AmBev was formed in 1999 through the merger of Brazil’s two […]
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In 2004, Argentina received a wake up call. The Latin American nation experienced a deep energy crisis as a result of a shortage in natural gas caused by the demand for energy skyrocketing and outstripping supply. Since then the country has made a conscious effort to diversify its energy sources, with wind power attracting particular […]
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Workers in one of Argentina’s major ports near the city of Rosario have staged a strike, paralyzing the South American country main point of soy and grain exports. Labor unions of truck drivers, stevedores and other port workers walked out on the indefinite strike early on Wednesday to protest low wages. Read Article
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Owners and managers of domestic and foreign companies who attended the forum “Economic Outlook 2011,” which was organized by the Venezuelan-American Chamber of Commerce and Industry (VenAmCham), expressed concern about the negative effects on the local economy of a likely implementation of the Superintendence of Costs and Prices by the government. Read Article
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Venezuela would review the rights granted to foreign oil firms to operate in the South American country in joint ventures with state-run oil company Petróleos de Venezuela (Pdvsa) if they fail to increase output, warned Venezuela’s Minister of Energy and Petroleum Rafael Ramírez. In December, amid a decline in oil production in Venezuela -where more […]
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The Venezuelan government says regulators have taken over a small bank due to irregularities. The banking regulatory agency says it has intervened in the savings and loan Casa Propia and has ordered closed. Read Article
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Deputy Minister of Environment, Carlos Castaño, told RCN Radio that the Government expects to close by 2013, some 3 000 illegal mines currently in the country. “We identified these mines are illegal in 18 regions where this illegal activity, financed by illegal armed groups are also responsible for its operation and performance,” said Castano Uribe. […]
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This year is expected to double the sales of heavy trucks in Colombia, reaching more than eight thousand vehicles, however, the carriers say the nation’s highways will collapse by this phenomenon and because “are the roads in Latin America. Read Article
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A group of Paraguayan and Argentine truckers today blocked a border crossing between the two countries, which caused traffic jams up to three miles and millions in losses, according to the National Police. According to the official report, workers prevent the passage of cargo vehicles and passengers in protest against customs measures. Read Article
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Brazil’s largest airline, TAM Linhas Aereas, said on Tuesday it expects growth in demand for domestic flights to slow to between 15 and 18 percent in 2011, but to remain supported by robust tourist and business travel. Read Article
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New highways stretching across South America from the Atlantic to the Pacific oceans will consolidate Brazil’s role as the continent’s leader and give it an alternative export outlet to Asia. The roads won’t redraw global trade patterns the way the Panama Canal did, but their impact could be considerable. Read Article
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U-blox has announces the immediate availability of an off-the-shelf reference design for the Brazilian stolen vehicle tracking (SVT) market. The design, the C16-G26Q, addresses all key requirements of the Brazilian National Transportation Department (DENATRAN) to equip all vehicles with SVT devices to discourage theft and facilitate stolen vehicle recovery. Read Article
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Getting around Costa Rica with your iPhone just got easier thanks to iGo’s latest navigation app for Costa Rica. However, it’s not a regular GPS navigation application, since addresses in Costa Rica do not follow a systematic road naming and house numbering system. Rather, iGO uses the POI Guidance feature that refers to over 34,000 […]
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In a novel approach, the Instituto Costarricense de Electricidad (ICE), is considering to reduce the quality of its cellular service to address the congestion of the GSM cellular network. In the last couple of months, cellular service problems have plagued the state telecom and customers, as the GSM network reaches design capacity. Read Article
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According to (SENASA) national Food Health and Quality Service statistics, Argentina exported 430,894 tons of seafood in 2010. The total value was 1,205.3 million USD. However, the volume was 3.1 percent lower than in 2009.
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Three of every ten Argentines fall below the poverty line, 30.9% of the population, Ecolatina consultants said and they warned that “if prices continue to increase, it will be difficult for poor people’s income to beat inflation.” Read Article
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Argentine daily newspaper El Cronista on Monday reported that YPF will begin oil exploration in the Malvinas basin in February. The newspaper reports that exploration will begin 289 kilometres off the coast of Tierra del Fuego and cost U$ 150 million. Read Article
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“Inflation is already higher than expected in several emerging economies,” said Deputy Managing Director John Lipsky at the meeting organised by the Organisation for Cooperation and Economic Development (OECD) and the Inter-American Development Bank (BID). Read Article
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Panama which uses the U.S. dollar for its’ currency has faced a high cost of returning and replacing the dollar bills to the United States which have deteriorated. The new coins called the “Balboa”, will be in one and two dollar denominations. The average life of a U.S. bill is from between six and twelve […]
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The value of Nicaragua’s coffee exports rose 50.3 percent in the first three months of the 2010-2011 harvest, compared to the same period last season, a government source said today. Coffee sales abroad from October to December 2010 totaled 43.9 million dollars, while from October to December 2009 were $ 29.2 million, detailed the Center […]
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Havana – All the post offices in Cuba have stopped taking U.S.-bound mails “until further notice,” the Cuban Post Company said on Friday. The decision was made in response to the new security regulations imposed by the U.S. aviation authorities on all countries, the state-owned company said. Because of the new U.S. security regulations, all […]
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Every day Costa Ricans leave behind their cheque book preferring their computer to make payments and transfers of funds. According to the Banco Central de Costa Rica (BCCR), the use of cheques has dropped 12% over the past year. Read Article
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Farmers’ protests and the rise in corn tortilla prices in late December put temporary brakes on the Mexican Senate, which was preparing to lift the national ban on utilising maize to make fuel alcohol, or ethanol. Read Article
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It’s a long way from Malibu: Bolivian artisans are dressing up a Barbie-inspired doll in clothing typical of the Andean nation’s indigenous heritage. Forget the hair always being blond, the heels high and the skirt a flirty pink. This doll’s locks are sometimes black and woven into braids, and she wears low black shoes, a […]
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The enterprise telephony market in Latin America witnessed a considerable decrease of 15% in revenues from 2008. Geographically, the decline took place in almost all sub regions, except Brazil, where total revenues had a softer decrease in 2009. Almost all companies in the Latin American market experienced decreased revenues. However, in the second semester, the […]
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It took María de los Ángeles Carrillo, a native craftswoman from Mexico, eight months to weave a decorative junco reed basket, for which she won an 8,000 dollar prize from the Mexican government. The 32-year-old Carrillo, a member of the Kumeyaay Native American people, belongs to the Grupo de Artesanos Nativos de Baja California (Group […]
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Bolivia has embarked on an international mission to try to end the ban on chewing coca leaves. But the United States plans on getting in its way. Coca has been used in the Andes for thousands of years as a mild stimulant and herbal medicine, but it is also a raw ingredient in the drug […]
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Bolivia, which is pushing for the decriminalization of the coca leaf, launched a soft drink made from the plant Tuesday, the second of its kind. The drink, called “Coca Brynco,” was launched at an official ceremony in La Paz, emphasizing support from Evo Morales’s government for the venture. Read Article
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A specialized ship has arrived in Venezuela loaded with enough fiber optic cable to connect the South American country to Cuba. Jose Ignacio Quintero, a manager for Paris-based Alcatel-Lucent SA, which is carrying out the project, told The Associated Press that the ship “Ile de Batz” is anchored on the Venezuelan coast and will begin […]
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Fast-food chains began in 2011 with an eye on the opening of 20 new restaurants in the Greater Metropolitan Area of San Jose, Costa Rica. Representatives of McDonald’s, Quizno’s, KFC, Teriyaki, Subway, Wendy’s, A’s and Domino’s, have confirmed their plans. Read Article
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Mexico’s Interjet airline signed a contract Monday to buy 15 long range Sukhoi Superjet 100 aircraft, with options for five more. Customers have now ordered 170 Superjet 100s, which seat 98 passengers in a single-class configuration. Read Article
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Peruvian exports to China have climbed 31 percent to $3.99 billion in the 10 months since a bilateral free trade agreement came into effect, according to foreign trade association ComexPeru. Traditional exports represent 95 percent of Peru’s total exports to the Asian giant. They increased 31 percent since March, with agricultural exports seeing a a […]
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Workers at the Coca-Cola in the Venezuelan city of Valencia were reported on strike to formally reject the pay offer the company, which warned of a “risk of shortages of water, juices, soft drinks, tea and other beverages national level.” Read Article
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Colombian authorities over the past four months have closed 56 illegal gold mines and arrested 573 people, a police report stated. The report released Monday said that ’46 illegal deposits (have been closed, and) 573 people were arrested’, but it clarified that the majority of those people have been released on bail. Read Article
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Chile’s Collahuasi mine has found a second alternative export route as the world’s No. 3 copper deposit seeks to normalize deliveries and lift a near four-week force majeure, a port official told Reuters on Monday. Collahuasi will ship 10,000 tonnes of copper concentrate via the northern Arica port after weeks of talks following a Dec. […]
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After banning commercial purse seining from its waters in July, the Republic of Panama has taken further steps adding restrictions on longlining for the conservation of its marine life and its socio-economic growth. In letters to Panamanian officials, Ellen Peel, President of The Billfish Foundation and Chris Fischer founder of OCEARCH, applauded the government for […]
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Venezuelan President Hugo Chavez said Saturday that the country’s oil reserves amount to 217,000 million barrels and is the first country in the world with more than Saudia “We’ve surpassed the 217,000 million barrels but has not completed the certification process,” said Chavez during the presentation of accounts on its management in 2010 before the […]
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Honduras’ first wind park, the 102-MW Cerro de Hula facility, will begin producing electricity in the first quarter of 2012, just as other developers could be breaking ground on three other projects, Jose Moran, development manager of developer Energia Eolica de Honduras (EEH) has told REW. Read Article
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Hyatt Hotels Corporation announced today that a Hyatt affiliate has signed an agreement to manage Hyatt Place San José Pinares, a Hyatt Place hotel in San Jose, Costa Rica. The new property, the second Hyatt Place under development in Latin America, will be part of Momentum Pinares, a mixed use commercial complex being developed on […]
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Brazil will offer $1 billion in reverse currency swaps today as it buys dollars in the futures market for the first time in 21 months to protect the real from the global currency war. Read Article
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The cost of family food basket-CAF-December 2010 Bs.F. 2.798,01, raised to Bs.F. 2798.01, an increase of Bs.F. 111,16, or 4.1% compared to November 2010. The annualized change in the cost of food basket for the period December 2010-December 2009 is 39.4%, 790.76 bolivars, 64.6% of the minimum wage. Read Article
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Argentina will import an additional 3 billion pesos (750 million US dollars) in 100-peso notes from state-owned mint Cada de Moeda do Brasil, central bank President Mercedes Marco del Pont said Monday. Argentina originally signed an accord in November with the Rio de Janeiro-based mint to produce 130 million 100- peso notes. Read Article
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Argentina will continue to have a rainfall deficit in the seven days from Monday. Telvent DTN Inc. said in a forecast. The lack of rainfall, combined with above-normal temperatures, will stress pollinating corn and developing soybeans, the forecaster said. Read Article
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Protests over gas price increases of 17 percent are intensifying in far southern Chile. Already, two women protesters have been killed and a baby was among those injured when a truck smashed into a barricade and knocked them into a bonfire. About 21 people have been arrested. Read Article
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Lanxess is expanding its activities in Latin America. The company’s wholly-owned subsidiary Rhein Chemie has acquired Argentina-based Darmex – a leading manufacturer of release agents and curing bladders for the tire industry. As a result of the acquisition, Rhein Chemie will become one of the world’s leading providers of release agents for rubber products in […]
Initial results from a comprehensive exploration program consisting of detailed mapping, hand-supported radiometric surveys, trenching and channel sampling from a portion of the Alpi-1 target have returned significant widespread uranium mineralization from intensely fractured volcanic ash and ignimbrites. The mineralized area is characterized by a radiometric anomaly striking for 1.5 kilometres that was outlined during […]
Ecuador exported 5,000 tons of crude African palm oil to Venezuela, traded in Sucres, the legal tender of the Bolivarian Alliance for the Peoples of Our America (Alba), the Ecuadorian Executive Office reported on Tuesday. They added that the deal, led by state-run National Development Bank of Ecuador, is within the framework of a bi-monthly […]
SINCE last summer, when the Federal Reserve turned back on the liquidity taps, the flow has been largely to developing economies. Rather like financial bathtubs, popular emerging markets in South America, Asia and even Africa have been attracting vast amounts of frothy hot money, and developing world currencies have appreciated immensely. Read Article
Mexico’s oil and gas regulator unveiled new rules for deep-water drilling today aimed at preventing a repeat of BP’s Macondo Gulf oil spill but stopped short of halting drilling during the safety review. Read Article
Manabi is ready for another winter. Both farmers and the authorities know that prevention is the only way to prevent the crops from flooding and lose money. For example, the Provincial Council of Manabi prevention executed 86 works in 22 districts of the province with an investment of USD 9 million dollars. Read Article
For this year Cusqueña plans to enter South Korea and Australia and expand its export markets. Richard Gallagher, representing the Union of Peruvian Brewery and Jhonston Backus, producer of Cuscena, said that “for the short term we plan to start exports to Korea, where per capita consumption of beer from 80 to 100 liters, and […]
The Chilean subsidiary of the French company(Edenred) has begun offering companies and government departments the ability to manage the benefit of their employees lunch with this technology. Read Article
The value of agricultural exports from Peru reached US $3 billion from January to November, a 30.2% increase over the same period in 2009, according to statistics from the country’s Agricultural Ministry. As reported by business news website America Economia, the total broke prior records, even without figures for December, the report said. Read Article
A rare variety of chocolate bean, which vanished nearly 100 years ago in South America, returns this month to cafes around Portland, Oregon. Moonstruck Chocolate Co. has licensed the revived Pure Nacional cacao bean, recently rediscovered in Peru. The bean produced a fine chocolate enjoyed during the 19th century, but was thought lost to disease […]
Cemex says it is in constructive negotiations with the government of Venezuela with a view to reaching an “amicable settlement” following the expropriation of its cement businesses in the country in August 2008. The forced nationalisation also saw plants owned by Holcim and Lafarge being seized. Read Article
Venezuela warned mayors, governors and the South American country’s numerous state-run companies on Monday to pay overdue electricity bills or face being cut off in a drive to stop waste and balance its accounts. Read Article
Mexico will maintain punitive tariffs on 99 U.S. products but will not add any more goods or change the list pending negotiations over a new program to allow Mexican cargo trucks on U.S. roads, the government announced Monday. Economy Secretary Bruno Ferrari said the move is a show of goodwill as the two countries begin […]
Solaria of Spain is to build its first solar power plant in Brazil with the help of Companhia Energetica de Minas Gerais, according to Spanish newspaper Cinco Días. The photovoltaic (PV) plant is scheduled to become operational in the first half of 2011, the report said. Read Article
razil is set this year to authorize building four additional atomic atomic energy stations, Energy Minister Edison Lobao said on Friday. “We will approve the construction of these four (plants) this year,” the Xinhua News Agency quoted Lobao as saying. Read Article
Brazil had a record year exporting coffee in 2010, bringing in $5.7 billion from the bitter beans and consolidating its position as easily the world’s biggest coffee producer, data released Monday showed. Brazil’s Council of Coffee Exporters (CECAFE) said in a statement that revenue was 33 percent higher than for 2009 and that the volume […]
As my colleague Jonathan Wheatley reports on beyondbrics, the FT’s emerging markets blog, it seems there is an embryonic plan to set up a stock trading platform that would challenge BM&FBovespa, the monopoly exchange in Brazil. Read Article
A new way of sharing music has caught on in Argentina, with bands — both new and established — filmed in impromptu performances on rooftops or in markets and other public spaces in Argentina. The high-quality videos, which are shot in one single take, are then posted on the Internet. Read Article
Argentina is suffering a shortage of banknotes, with long queues outside cash machines across much of the country, which critics blame on the country’s runaway inflation. Argentina’s central bank announced last month that it plans to increase the amount of money in its economy in order to keep interest rates down and sustain steady economic […]
The Jamaica Observer reports that the Caribbean country is touted to become the next hub for document retrieval and storage in the region. Companies like the Archway Caribbean that operate out of Jamaica are a big impact in nearshoring. Although nearshoring is usually associated with Latin America, Jamaica has made its name known in the […]
Spain’s Telefonica and Mexico’s America Movil have won mobile licences in Costa Rica and are set to become the first competition to the state-owned operator in the country. According to Reuters, the local regulator (Sutel) announced that Telefonica won the most desirable licence on offer with a high bid of US$95 million, while America Movil […]
It’s as inhospitable as climates come for crop cultivation, the dry and rocky soils of Bolivia’s semiarid altiplain. Miguel Choque can see his breath as surveys his fields of quinoa, the Andean “supergrain.” In late March or April, the flowering plants will paint the rugged landscape yellow, green and red. Their diminutive seed, which powered […]
Tuna fishing, a major resource for the Ecuadorian economy, has been hit by the vagaries of weather in the Pacific waters believed to have been caused by the La Nina phenomenon, officials said. Tuna yields in the first 10 months of 2010 dropped 16 percent because of disruptions to marine life caused by La Nina, […]
Rail operations have restarted after 50 train cars carrying coal from Glencore’s Prodeco unit in Colombia derailed earlier this week, a private company in charge of the railway concession said on Saturday. Colombia is the world’s fifth largest coal exporter and Glencore’s [GLEN.UL] Prodeco unit is one of the Andean nation’s top three exporters of […]
On Tuesday, exactly one year after an earthquake levelled Port-au-Prince and more than 200,000 people were buried alive, the iconic Iron Market will reopen. But this isn’t the work of the Haitian elite – it’s all down to Denis O’Brien, CEO of a mobile-phone company. Read Article
Argentines faced long lines outside banks this week due to cash shortages at ATMs that critics say is linked to the government’s refusal to recognize burgeoning inflation by printing larger bills. Argentina has one of the world’s highest annual inflation rates at more than 25 percent, according to private forecasts that more than double the […]
Air traffic in six southern Peru airports will increase between 18 and 20 percent this year while at least 1.5 million passengers will be transported compared to the 1.2 passengers from previous years, reported their concessionaire Aeropuertos Andinos del Peru (AAP). Peruvian Argentinean consortium AAP was awarded the concession of these airports last Wednesday. Read […]
Mapi Pone campaign -to be soon launched- will enable to double the visits of Peruvian tourists to Machu Picchu, between 300 thousand and 320 thousand, on the year of the 100th anniversary of Hiram Bingham’s discovery of the Inca archeological treasure. Read Article
Ecuador’s President Rafael Correa said a planned constitutional referendum this year would ask citizens whether to limit banks’ operations to financial services and strip them of companies outside that industry. Read Article
This year will be the ninth straight year of impressive economic growth for Argentina. Some analysts say the international context is the key to the high rates of growth since 2003, while others stress that there are also internal factors behind the expansion. The latest report by the Association of Automobile Manufacturers (ADEFA) points to […]
As economic ties strengthen between Ecuador and Peru, new bus service has been announced to begin in mid January between Guayaquil, Ecuador and Lima, Peru. Cruz del Sur bus company has a long history in Peru and also has international routes to Santiago, Chile and Buenos Aires, Argentina. Buses include GPS monitoring from the time […]
The blackouts that occurred in Argentina earlier this year are related to the lack of investment by the company Edesur, said the chief of staff, Aníbal Fernández. Since late December, various locations in Buenos Aires suffered blackouts of up to 72 hours, initially attributed to the increase in demand caused by a heat wave with […]
Swiss private equity firm Partners Group has opened its fourteenth office, in the Brazilian city of Sao Paulo, to support investments and the firm’s “growing” number of client relationships in the fast-growing Latin American economy. Read Article
Brazil’s inflation jumped to 5.9 percent in 2010, its highest rate in six years, according to the state statistics agency. The increase in consumer prices, from 4.3 percent in 2009, was far higher than the 4.5 percent target eyed by the government and suggested Brazil’s central bank would soon be forced to again raise its […]
Parker Hannifin Corporation, a global leader in motion and control technologies with bases in Norfolk, Herts and Milton Keynes, has made a key acquisition in Latin America. It has acquired HDA Acessorios e Equipamentos Ltd. in Sao Paulo. HDA is a manufacturer of hydraulic filters and accessories typically used in the mobile equipment, industrial and […]
Outside the modest two-story adobe house, a flag of Ecuador flutters alongside a large sign that reads “Ikat: weaving demonstrations and sales.” Hanks of yarn and colourful fabrics hang from the handrail running around the edge of the courtyard and balcony, and weaving looms can be seen inside. This is the home of José Jiménez, […]
U.S. Transportation Secretary Ray LaHood today shared with Congress and the government of Mexico an initial concept document for a long haul cross-border Mexican trucking program that prioritizes safety, while satisfying the United States’ international obligations. After the demonstration program was terminated in March 2009, Secretary LaHood and other Administration officials met with lawmakers, safety […]