Investments

Investments
Thursday, October 23rd 2014 - 05:57 UTC

US Appeals court sends Argentina back to Judge Griesa on BONY's case

In a order the Appeals court said it lacked jurisdiction as the August ruling by District Judge Griesa was a clarification rather than modification

A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.

Thursday, October 23rd 2014 - 05:26 UTC

Jaguar-Land Rover begins production in China in joint venture with Chery

“Making the Range Rover Evoque in Changshu is a result of our commitment to bringing more Chinese vehicles to Chinese customers” said CEO Dr Ralf Speth

Tata group's Jaguar Land Rover established its first overseas manufacturing unit in China this week. The facility is the first joint venture between British auto maker Jaguar Land Rover and Chinese automotive company Chery Automobile Company Ltd.

Wednesday, October 22nd 2014 - 01:52 UTC

Venezuela “fully prepared” to cope oil price volatility and will honor sovereign debt

“We will fulfill the payment of the 2014 PDVSA bond for 3 billion due on Oct. 28,” Marco pledged

Venezuela's Finance Minister Rodolfo Marco said on Tuesday that the Mercosur member was “fully prepared” to cope with price volatility on the global oil market and would honor a 3 billion dollar bond payment due next week.

Tuesday, October 21st 2014 - 06:24 UTC

UK company confirms discovery of oil in the Paraguayan Chaco

“Whilst we are most satisfied with this discovery, President is now focused on drilling down to the original target which still lies in front of us”, said Levine

President Energy announced on Monday it has discovered good oil-bearing zones at its Lapacho drill in the Paraguayan Chaco and confirms strong hydrocarbon pay at its Jacaranda well.

Monday, October 20th 2014 - 22:17 UTC

UK businesses export support plan represented £49.1 billion to the economy

Trade Minister Lord Livingston said that over the last 4 years, UKTI has more than doubled the number of companies it has helped.

The number of United Kingdom businesses receiving export support has increased by 50% in the last financial year, Trade Minister Lord Livingston announced on Monday. This translates into a total of 47,960 businesses in 2013 to 2014 which exported for the first time or found new markets through its extensive network of specialists in the UK and in British embassies around the world.

Friday, October 17th 2014 - 07:01 UTC

IDB loan for a 48.6 MW wind farm to be developed by Uruguay's private sector

Currently, roughly 45% of Uruguay's power capacity is hydroelectric; 38% thermoelectric plants and the remaining 17% renewable energy

The Inter-American Development Bank (IDB) has approved a loan of up to 42.2 million dollars to help the private sector in Uruguay finance the development, construction, operation and maintenance of a 48.6 MW wind farm and its associated facilities.

Wednesday, October 15th 2014 - 23:32 UTC

Petrobras sets a new oil and gas production record during September

Pre-salt output reached 532,000 bpd and 618,000 barrels on September 18th, setting a new record for daily exploration in that reserve

Petrobras announced a new oil output record in Brazil, during September with an average of 2.23 million barrels of oil per day (bpd) production in the country, including in this total the fields operated by the state-owned company for its partners. The volume is 0.3% higher than breaks August record.

Wednesday, October 15th 2014 - 20:00 UTC

The ten biggest energy company bankruptcies

In the 1980s, Texaco became embroiled in a legal battle with Pennzoil, and ended up owing the company $10.5 billion

Running a multi-billion dollar energy company isn't easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance.

Wednesday, October 15th 2014 - 10:31 UTC

Argentine delegation after trade and investors in India

India's Federation of Commerce and Industry Chambers, and Invest India are sponsoring the meetings in New Delhi

A numerous Argentine delegation will be attending this week trade and investment conferences in New Delhi as part of the country's efforts to increase exports to the growing Indian market and attract investors.

Wednesday, October 15th 2014 - 08:36 UTC

Latin America with a huge deficit in infrastructure investment, says Eclac

In the last decade, the region has spent 2.7% of its GDP on infrastructure, a figure which shows “the region isn’t investing enough.”

Argentina should double its current investment in infrastructure and spend 6.2% of its Gross Domestic Product to satisfy its demands for the period 2012-2020, according to a report of the UN Economic Commission for Latin America and the Caribbean (ECLAC).

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