More News in BNamericas.com

The implementation of a new territorial organization law in Peru is fundamental for the country's sustainable development, environmental engineer Jorge Sánchez told BNamericas. Legislators are curr...

Northeastern Brazil's Bahia state water and sewerage utility Embasa is preparing more than 62.5mn reais (US$36.4mn) in water projects for the Ilhéus metropolitan region, a company spokesperson told BN...

Colombia's insurance industry in 2012 will benefit from the positive performance of the local economy, which Fitch estimates will grow some 5%, the ratings agency's insurance director, Milena Carrizos...

Chilean IT systems integrator Sonda has filed a new environmental impact assessment (EIA) for a tier III data center being built in capital Santiago with a US$20mn investment, according to a company f...

Panama-based mortgage lender La Hipotecaria has modest growth goals for its new Colombian operation this year, but big growth plans for 2013 onwards, CEO John Rauschkolb told BNamericas. The compan...

Brazil's technical proposal for the South American fiber optic ring has been very well received by all of the countries looking to participate in the project, and no ideological disagreements have man...

US-based aluminum rolled products maker Novelis (NYSE: NVL) posted a US$12mn net loss attributable to common shareholders in fiscal Q3 ended December 31 due to market pressures and greater than expect...

Wind power company Vestas' order backlog in the Americas at end-December reached 2.39GW compared with 1.68GW at end-2010, according to a presentation by CEO Ditlev Engel. Deliveries to the region i...

France's Total (NYSE: TOT) hopes to complete the sale of its Colombian subsidiary Tepma to Chinese firm Sinochem within the coming weeks, a spokesperson for the former company told BNamericas. "As ...

The Mexican government will need to develop the desalination market over the coming years to cope with decreasing water availability, Ignacio López, Acciona Agua's director of Latin American projects,...

Brazil's national airport authority Infraero expects to see big improvements to the country's airports in 2012 through some 2bn reais (US$1.17bn) in public spending, Infraero president Gustavo do Vale...

Germany's Basf (NYSE: BF), the world's largest chemical company, has officially inaugurated its 60,000t/y sodium methylate plant in Guaratinguetá, in Brazil's São Paulo state. Production, which sta...

Multinational resource group BHP Billiton (NYSE: BHP) expects to increase production at its Escondida copper mine in Chile to over 1.3Mt/y in the 2015 financial year, CEO Marius Kloppers said in a web...

Argentina's government is likely to increase intervention in the energy sector in a bid to raise investment and production levels rather than deregulate the market, Barclays Capital analyst Sebastian ...

The growing trend of including games in mobile devices is an opportunity to strengthen mobile business operations, US tech firm Nvidia's business development manager for Latin America, Arnaldo Tavares...

Mapfre América, the Latin American unit of Spanish insurer Mapfre, saw premiums rise 33.3% last year to 6.87bn euros (US$9.11bn) on the back of strong growth in Brazil, which now accounts for 52% of t...

Brazil's largest insurance group, Bradesco Seguros, is aiming to add 16mn clients through a new alliance with local retail group Máquina de Vendas, according to a press release from Bradesco Seguros. ...

Finnish mobile phone manufacturer Nokia (NYSE: NOK) is planning to transfer three device assembly operations to its factories in Asia to increase efficiency in smartphone production, the company said ...

Brazilian investment bank BTG Pactual has agreed to buy Chilean investment manager Celfin Capital for US$254mn in cash plus shares equal to a 2.4% stake in the former. The merger will create Latin ...

Venezuelan state aluminum reducer Venalum is hoping to reach an agreement with Chinese company Chalieco, a subsidiary of state-owned Chinalco, to improve its operations, a union leader from Venalum to...