A bank from the Netherlands has emerged as the winning bidder in an auction which marks a new phase in the global carbon market reports the BBC. Fortis Bank has paid more than 13m Euros for the rights to emit 800,000 tons of carbon dioxide, in the first such auction to be held in a regulated exchange, the Brazilian Mercantile and Futures Exchange (BM&F
Boeing forecasts that demand for air travel in Latin America will see the region buy more than 1,700 planes worth 120 billion US dollars over the next 20 years.
A large stretch of coastal land has been secured by a United States conservation group, paving the way for the biggest expansion of the U.S. Virgin Islands National Park since it was created more than 50 years ago
The Falkland Islands historic Stanley Racecourse is now totally government owned thus securing the whole area for recreational purposes at least for the next fifteen years. The racecourse considered a Falklands' heritage is one of the main annual attractions for local residents particularly over Christmas and New Year
Uruguay is on route to add another substantial option to its commodities' led economy: pulp and paper. A pulp mill is ready to begin production, another two are on the drawing board and a fourth has been announced by Portuguese interests.
In search of more investments Brazilian president Luiz Inacio Lula da Silva arrived this weekend in Spain where beginning next Monday he has a heavy schedule of political and economic meetings.
Uruguay and Argentina seem to be silently working a way out from the controversy over the construction of a pulp mill on shared fluvial waters, which has been escalating for several years overflowing to the international and regional tribunals as well as the facilitating efforts of the Spanish Crown.
Eurostar has set a record on its inaugural journey from Paris to London via Britain's new high-speed line. The train, carrying journalists and VIPs, arrived at St Pancras, instead of Waterloo, for the first time. It took two hours, three minutes, 39 seconds.
Brazil's biggest airline, TAM Linhas Aereas said on Tuesday it postponed plans to increase its fleet of Airbus jets from 2008 to 2011 because of a drop in demand for domestic air travel.
Panamanian President Martin Torrijos and former US President James Carter lead Monday the starting ceremony for the modernization of the inter-oceanic canal zone.