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Brazilian insurance deposit fund FGC has proven critical in helping central bank BCB keep liquidity in the system in the financial crisis, yet the market also needs to be aware of FGC's changing role,...

Colombia's government could sell up to a 15% stake in state oil company Ecopetrol (NYSE: EC) to finance new highway works across the country, Ecopetrol said in a statement. The government has previ...

Ending months of speculation, Brazilian health insurance group Amil has signed a contract to buy the controlling stake in health insurer rival Medial Saúde for 613mn reais (US$355mn), the groups said ...

The Inter-American Development Bank (IDB) has approved an up to US$3bn in conditional credit line to go to micro and SME lending, the multilateral said in a statement. IDB said it had given the gre...

A massive blackout that plunged 18 Brazilian states into darkness on November 10 could have been caused by a triple short circuit on one of the main transmission lines and two connected substations, R...

South Korea's Samsung Engineering announced it has been awarded a US$220mn contract by Trinidad & Tobago's state oil company Petrotrin to supply an ultra low sulfur diesel plant. The plant will be ...

The implementation of waste separation programs in Mexico could reduce the amount of waste ending up in landfills by up to 95%, according to the country's national recycling institute (Inare). Th...

Credit ratings agency Moody's is cautiously optimistic about investment announcements made by Brazilian steelmakers in recent days, senior analyst Richard Sippli told BNamericas. "I am a bit cauti...

Spanish firm OHL is expected to begin the expansion of Peru's Red Vial 4 highway by end-May 2010, an official from the transport and communications ministry's (MTC) concessions division told BNamerica...

In Latin America, PDA manufacturer Palm (Nasdaq: PALM) is focusing on Mexico for the moment, and will continue to address other markets in the region through its channel and distribution partner netwo...

Based on the findings of a study released Wednesday on water usage in domestic mining by Chile's state copper commission Cochilco, mining minister Santiago González said that if companies do not start...

Chile's region XII state port company Empresa Portuaria Austral (EPA) will concession Punta Arenas port's Prat terminal to harness its tourism potential, a public works ministry (MOP) official told BN...

US enterprise infrastructure and wireless software provider Sybase (NYSE: SY) plans to expand partnerships in Latin America with systems integrators, particularly in the mobility area, Sybase's Latin ...

Brazilian petrochemical company Braskem (NYSE: BAK) and Argentine flexible plastic packaging producer Petropack have signed an agreement for sugarcane ethanol-based polyethylene (PE) supply. "It is...

Although focused on its regional expansion plans, JMalucelli Re, the reinsurance unit of Brazilian financial group Paraná Banco, is also planning two more reinsurance partnerships with foreign players...

Banco Santander Brasil (NYSE: BSBR) is working on a deal to increase its card processing presence, the Brazilian subsidiary of Spain's Santander (NYSE: STD) said in a securities filing. The bank sa...

Vancouver's Farallon Mining (TSX: FAN) in the third quarter reached a throughput rate of 1,500t/d at its G-9 mine in Mexico and aims to have EPCM services completed for a Cdn$5.3mn (US$5.01mn) expansi...

Chilean integrated iron and steel group CAP has presented an EIS for a US$248mn project to build a desalination plant in northern region III's Copiapó valley, the company said. The plant, which is ...

Feasibility studies for Peruvian generator Kallpa Generación's 345MW Cerro del Águila hydro project in Huancavelica region will be ready in the first half of next year, Lima-based Inkia Energy's CEO J...

Chile's finance ministry has issued a decree that changes customs laws to make the export of imported LNG possible, a spokesperson for Chile's national energy commission (CNE) told BNamericas, confirm...