Investments
Investments feedMining and construction backbone of Chile’s economic recovery
Mining and construction industries have led Chile’s economic recovery, according to a recently released economic report.
Petrobras receives Chinese financing to develop sub-salt oil resources
Brazil’s government managed oil and gas group Petrobras announced Wednesday it had signed a contract permitting the first payment from a 10 billion US dollar loan from China to help it finance upcoming investments.
Chinese company buys oil assets in the US for the first time
Chinese energy giant China National Offshore Oil Corporation (CNOOC) has bought oil assets in the US for the first time. CNOOC purchased limited stakes in four deepwater exploitation licences in the Gulf of Mexico from Norway’s Statoil. The size of the deal is secret, but Statoil said it was small.
Stora Enso confirms construction of pulp mill in Uruguay
The Swedish-Finland group Stora Enso and Chile’s Arauco confirmed to the Uruguayan government their intention of building a pulp mill in the country with an investment in the range of two billion US dollars reports the Montevideo daily Ultimas Noticias.
Argentina and Uruguay again clash over the Botnia pulp mill
The Argentine government strongly repudiated on Friday a report from the Environmental Board of Uruguay saying Argentina had “adulterated” information referred to the pulp mill dispute submitted to the International Court at The Hague.
“Oasis of the Seas” with its 2.700 cabins on maiden voyage to Florida
The world’s largest cruise liner began Friday its maiden voyage to Florida, gliding out from a shipyard in Finland with an amphitheatre, basketball courts and an ice rink on board. The 16-deck Oasis of the Seas spans 360 metres from bow to stern. Its 2,700 cabins can accommodate 6,300 passengers and 2,100 crew.
Argentina Chile plan to bore two integration tunnels under the Andes
Relations between Argentina and Chile are going through an optimum moment and once we drill through the Andes, “ghosts of the past will definitively have gone”, said Argentine president Cristina Fernandez de Kirchner during the first of her two day visit to Chile.
Featured Analysis
Cuba’s Sugarcane Ethanol Potential: the Return of King Sugar
“Central America and the Caribbean, historical sugar-producing economies where the sugar-ethanol infrastructure already has a foundation, labor costs are low, and the political conditions are more or less stable– offers the best near-term potential for large-scale sugarcane ethanol production. This is a market opportunity which Cuba, with the longest experience of sugar–ethanol and sugarcane derivates production in the region, is positioned to take advantage of”.
China offering to invest and create jobs in Taiwan friendly Paraguay
A delegation of Chinese private businessmen met this week with Paraguay’s president Fernando Lugo with the purpose of expressing their interest in investing in the country, more precisely in the manufacture of cellular phones, batteries and battery chargers.
Brazilian government lowers tax to benefit consumers and farmers
Brazil’s main meat processor JBS praised the government for lowering a local tax that will ultimately benefit consumers and farmers. JBS is also in the process of becoming the world’ leader in animal protein food by taking over US chicken producer Pilgrim’s Pride and merging with Brazil’s Bertin SA.
