Wednesday, April 16th 2014 - 04:42 UTC

Nissan opens new complex in Brazil to turn out 200.000 cars and engines

“We came to be protagonists in the automobile market,” said Nissan's Brazilian-born global CEO, Carlos Ghosn

Japan Nissan's top executives travelled to Resende, Rio do Janeiro state on Tuesday to inaugurate a complex designed to turn out 200,000 vehicles and engines per year with the goal of capturing 5% of Brazil's new car market by 2016.

Tuesday, April 15th 2014 - 06:39 UTC

China buys cash one of Peru's largest copper mines operated by Glencore Xstrata

The deal involved 6bn dollars and the mine is expected to produce 450.000 tons of copper annually

Chinese consortium is buying Glencore Xstrata's copper mine in Peru in a 6bn dollars all-cash deal, marking one of China's largest mining acquisitions. The consortium is led by MMG Limited and includes China's Citic Metal.

Tuesday, April 15th 2014 - 04:01 UTC

White House confirms Uruguay's Mujica will meet President Obama on 12 May

The Uruguayan president will be travelling to Washington on time for the 12 May appointment

The White House confirmed on Monday that President Obama will host his Uruguayan peer Jose Mujica on May 12, highlighting the close partnership with Uruguay and strong leadership of Mujica's administration on human rights, social inclusion and global peace and security.

Saturday, April 12th 2014 - 08:45 UTC

Oil race fuels new Falklands chapter

”The war completely changed the Falklands from an economic perspective,” said Mike Summers

The following article from the Sydney Morning Herald was written by Chris Zappone, who recently visited the Falkland Islands as a guest of the local government and the Foreign Office.The Falkland Islands are not an easy place to reach. Flights come only weekly. Cruise ships making the trip brave frigid seas, freezing nights and recently, harassment from Argentine dockworkers.

Friday, April 11th 2014 - 08:19 UTC

Chevron and YPF unveil plans to invest another 1.6bn in Vaca Muerta shale

The second phase of exploration calls for drilling 1,500 wells across 395 square kilometers

US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another 1.6 billion dollars to develop Argentina's Vaca Muerta shale formation for oil and gas projects. The investment comes on top of 1.2 billion Chevron agreed to spend last year for a shale pilot project.

Friday, April 11th 2014 - 04:22 UTC

Bank of England leaves interest rates unchanged as UK recovery picks up

According to IMF the UK economy would be the fastest-growing in the G7 this year.

UK interest rates have been held at their record low of 0.5% for another month by the Bank of England. On Thursday the Bank also kept the size of its bond-buying stimulus program unaltered at £375bn. No changes had been expected to either rates or the bond-buying measure, despite recent evidence that the UK economy is continuing to recover.

Tuesday, April 8th 2014 - 22:05 UTC

Falklands fiscal regime and stability remain attractive for oil and gas industry

Wells to the north of the Islands cost around 50 million dollars to drill and those to the south and east can cost upwards of 100 million

With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData.

Tuesday, April 8th 2014 - 18:17 UTC

Airport chaos anticipated for Brazil's World Cup as terminals remain unfinished

A temporary canvas terminal will be used instead of a planned airport expansion to receive fans in Fortaleza

As if problems with the delayed stadiums was not enough, and with less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.

Tuesday, April 8th 2014 - 00:21 UTC

Rolls-Royce marine facility in Rio to support Brazil's oil industry

The announcement was made by visiting Chancellor of the Exchequer Osborne

Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.

Friday, April 4th 2014 - 07:53 UTC

Latam leaders discuss improving education and skills to help diversity economy

“It is just not a question of schooling, it is a question of skills” said Ricardo Hausmann

Political, business and academic leaders gathered for the ninth annual World Economic Forum in Latin America in Panama set out strategies for the region to move beyond dependence on commodity exports and face the challenges of a rapidly changing global economy.


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