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Canadian methanol producer Methanex (Nasdaq: MEOH) produced 252,000t during the second quarter 2009 at its facilities in southern Chile's Magallanes region, down 3.45% from 261,000t in the same period...

German insurance group Allianz (NYSE: AZ) will join Brazil's reinsurance market as an admitted reinsurer, regulator Susep announced in government register Diário Oficial da União. Allianz received ...

Colombia's housing and environment ministry Minambiente will have invested over US$10mn by 2010 to cleanup Medellín city's Moravia district and relocate people living on top of the Moravia open-air wa...

Brazilian bank Bradesco (NYSE: BBD) hit 2.30bn reais (US$1.24bn) in net income in the second quarter, a 14.7% increase over 2Q08, the bank said in its latest financial statements. ROAE came in at 2...

Colombia's national government will create a fund to manage part of the profits from state transmission company ISA and state oil company Ecopetrol (NYSE: EC) to support large infrastructure projects....

Network security provider TippingPoint, a division of 3Com (Nasdaq: COMS), is looking for new partners in Latin America as a way to capitalize on the expected growth of the regional security market, t...

Spanish and German firms have met with Colombian authorities to express their interest in the development of Medellín's integrated mass transport system Metroplús, a Metro de Medellín official told BN...

Peru needs to invest US$200mn-300mn/y to combat the effects of climate change, according to a study requested by the environment ministry (Minam). The results of the study were discussed at an inte...

The average copper price in July rose 4% from the month before to US$2.37/lb on the London Metal Exchange while global inventories increased by 5,800t, or 1.5%, only because of the influx of 14,900t i...

Mexico's Guaymas port authority in Sonora state is planning to launch a tender for a partial concession to build, equip and operate a container-specialized terminal at the facility, port promotion and...

Peruvian miner Buenaventura (NYSE: BVN) saw net income rise 10% to US$134mn in the second quarter of 2009 from US$122mn year-on-year as the company's 43.7% stake in the Yanacocha gold mine bumped up p...

Higher rates for natural gas approved by Argentina's government in early July will likely increase activity by Spanish oil major Repsol's YPF subsidiary in Argentina, according to company COO Miguel M...

Italian power firm Enel is not planning significant changes to Spanish company Endesa's development strategy for Latin America, Enel CEO Fulvio Conti said in a conference call with analysts. The It...

The Carabobo tender for seven new heavy crude blocks in Venezuela's Orinoco belt will still draw attention from certain oil companies despite numerous delays to the round, PFC Energy analyst RoseAnne ...

Ecuador's telecoms watchdog Senatel aims to end 2010 with broadband installed in 9,000 schools, compared to 1,900 today, as part of its national connectivity plan, the institution said in a statement....

California-based virtualization software company VMware sees government projects lining the company's Latin America pipeline during the second half of this year, the firm's Latin American director Jav...

Chilean life insurer Corp Vida has acquired the local life annuities and mortgage loan portfolios of Dutch financial group ING (NYSE: ING) for an undisclosed sum, the latter said in a press release. ...

The insurance, private pension and savings bond businesses of Brazilian bank Bradesco (NYSE: BBD) saw net income fall to 638mn reais (US$345mn) in the second quarter, a drop of 11.8% from the same qua...

The plan for Spain's Santander (NYSE: STD) to sell about 15% in new shares in its Brazilian unit could precipitate 7.7bn reais (US$4.1bn) in sales of stocks of Bradesco (NYSE: BBD), Itaú Unibanco (NYS...