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.
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.
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.
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.
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.
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.
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.
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.
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.
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).