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Venezuela nationalises top steelmaker
President Hugo Chavez said the government will take control of the country’s top steelmaker, Argentine-controlled Ternium Sidor, even as negotiations with the company continue
Argentina rattled by Falkland drilling plans
Argentina will protest to Britain over plans by UK companies for exploratory drilling around the Falkland Islands
Argentina, Alstom in high-speed train deal
Argentina signed a contract with a consortium led by Alstom of France to build the first high-speed train in the Americas, linking Buenos Aires with the cities of Rosario and Córdoba in three hours
Cosan buys filling station chain for $826m
Cosan, Brazil’s biggest sugar and ethanol producer, has agreed to buy the Esso chain of filling stations in Brazil from ExxonMobil for $826m plus $198m in debt
Brazilian oil field claim lifts trio
Shares of Repsol-YPF, Petrobras and BG Group rose sharply after Brazil’s energy regulator said that an oil field in the country to be explored by the three groups could be huge
Mexican miner set to strengthen FTSE role
The FTSE 100 is set to list Fresnillo, a new silver and gold producer demerged from Mexico’s Peñoles Group that is expected to reinforce London’s position as the global capital for the mining industry
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