SANTIAGO – A merger between Brazil’s TAM and Chile’s LAN airlines would generate synergies likely to add some $3 billion in value to the new group, LAN’s chief executive was quoted as saying by a local paper on Saturday, reported the news agency Reuters on Saturday.
Both companies announced on Friday a proposed merger via a [...]
With government budgets across Europe set to shrink significantly in the coming years, the parent company of Airbus predicted that the group’s military business would become increasingly focused on markets in Asia, Latin America and the Persian Gulf and it hinted that the outsourcing of European aerospace jobs to those regions was all but inevitable.
“It [...]
Francisco Luzon (Cuenca, 1948), director of the Americas Division of Santander Bank, started in banking in 1973, which has allowed him to experience many banking crises. Some from the chairmanship of Banco Exterior and then from Argentaria. The scrambled years scared off Americans and Europeans. He is convinced that Santander has won due to its [...]
The simple answer is no, at least not with traditional bugs and intercepts, says Richard Aldrich, author of a study of the Government Communications Headquarters (GCHQ) monitoring agency.
The torrent of data is as much a curse as a blessing for the eavesdroppers and code busters of GCHQ, which works with U.S. [...]
China ruled out resumption of soybean oil imports from Argentina in the next few months after talks between trade officials failed to resolve a dispute over anti- dumping measures, said two traders and an industry official.
Issues include China’s request that Buenos Aires recognizes it as a “market economy,” which would limit the size of anti- [...]
Warren Buffet, the “Oracle of Omaha”, whose firm “Berkshire Hathaway” has been trimming its investment in municipal debt, predicted a “terrible problem” for the bonds in coming years.
“There will be a terrible problem and then the question becomes will the federal government help,” Buffett, 79, said today at a hearing of the U.S. Financial [...]
World equities slid and the euro fell on Friday after a downgrade of Spain’s credit rating sent a new chill through markets already worried about the European debt crisis.
The downgrade by Fitch Ratings ignited a new round of selling in equities that were already lower after lackluster U.S. economic data injected a note of caution [...]
About two years ago, the short-selling the train wreck in the U.S markets began to pick up speed, prompting SEC chairman Christopher Cox to invoke a one-month ban on July 15, 2008, against naked short selling in 19 battered financial stocks, including Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), Lehman Brothers [...]
President Barack Obama is committed to finalizing free-trade agreements with Colombia and Panama but faces an uncertain outcome, U.S. Secretary of State Hillary Clinton said on Wednesday.
Speaking at a Council of The Americas conference of leaders from the Western Hemisphere in Washington DC, Clinton expressed some chagrin at seeing colleagues from Colombia and Panama, which [...]
Biometric technology has taken new strides toward identification of moving people at distances of up to 10 feet, making all previous biometric technologies for establishing identity seem outmoded or in need of upgrading.
Sarnoff Corporation, the company behind the innovative technology, said the award-winning “Iris on the Move” system had demonstrated that [...]
