Investments
InvestmentsWorld’s biggest iron ore producer under pressure to invest in steel industry
Brazilian billionaire Eike Batista said he may be interested in acquiring a stake in the world’s biggest iron-ore producer Vale do Rio Doce, after one of the company’s shareholders said he showed “interest” in buying its stock.
Rockhopper confirms real prospect of multi-well drilling in 2010 in Falklands
Rockhopper Exploration, the oil and gas explorer working in the North Falkland Basin said on Tuesday that it had a very real prospect of taking part in a multi-well drilling campaign in 2010.
Brazil’s Petrobras is the world’s eighth biggest in market value
Brazil’s government managed oil and gas company Petrobras is the world’s eighth biggest global company in market value, according to a survey carried out by Ernst & Young.
Brazil’s JBS moves into the US poultry market and consolidates at home
Brazil's JBS, the world's biggest beef producer, agreed this week to buy a controlling take in bankrupt US poultry producer Pilgrim's Pride and JBS' Brazilian beef rival Bertin.
Petrobras to concentrate all investments in pre-salt deposits
Brazilian government managed oil and gas company Petrobras will freeze overseas investments as the company concentrates on its primary role to develop recently discovered offshore oil reserves, CEO Jose Sergio Gabrielli said Thursday.
China to invest 16 billion USD to develop new oilfields in Venezuela
Venezuelan President Hugo Chavez announced Wednesday that China will invest 16 billion US dollars to boost oil production in the country particularly along the Orinoco River, as part of a strategy to reduce dependence on the US market.
Argentina accuses Uruguay of “irreversible damage” to the ecosystem
Argentina told the International Court of Justice Monday that Uruguayan pollution of a border river was a grave infringement of Argentinean rights. Argentina and Uruguay have been wrangling for years over a giant pulp mill sited on the Uruguay River, which divides the two South American nations.
Botnia dispute in The Hague: first round of hearings begins
Argentina begins Monday a round of public hearings before the International Court of The Hague and will be arguing against Uruguay’s alleged unilateral decision to allow the construction of a pulp mill on a jointly managed river and which has been at the heart of a long standing litigation between the neighbouring countries.
China boosts train industry with 42 new high-speed railway lines
China has announced plans to build 42 new high-speed railway lines over the next three years. In a breakthrough, China has developed trains that can run on both high-speed and normal lines, said railway official Zhang Shuguang.
Canadian car parts manufacturer takes over GM German and UK operations
General Motors (GM) has announced that it has chosen the Canadian car parts manufacturer Magna to buy Opel and its sister company Vauxhall. The decision was welcomed by German Chancellor Angela Merkel, who said she was “very pleased” about it.
