Investments
InvestmentsUnderwater fibre optic cable to link Key West with Havana
Miami-based Telecommunications Company said it planned to build an underwater fibre-optic cable linking the United States and Cuba, creating the first such line of its type.
Brazil’s JBS en route to become world’s largest meat company
Brazil's JBS said on Wednesday the US Justice Department has approved the takeover of US-based Pilgrim's Pride paving the way for JBS to become the world's largest meat company.
Montevideo port becomes most advanced container terminal in South America
Uruguay inaugurated this week the new Montevideo’s port facilities which will expand handling to over 1.1 million containers annually making it the most advanced terminal of South America.
Avianca and Taca create a major Latinamerican airlines holding
Two of Latinamerica's best known airlines are set to merge in a deal aimed at cost-cutting. Avianca of Colombia and El Salvador's Taca will join forces, but have said that each will maintain its own identity and operate separately. The two airlines have about 130 planes and some 13,000 employees.
African leader praised China’s way of making business and criticizes West
Rwandan President Paul Kagame has praised the way China does business in Africa, criticising the West for basing relations with the continent on aid. Huge Chinese investment in African companies and infrastructure is helping Africa develop, Mr Kagame said.
FAO targets 2050 and how to feed a population of 9.1 billion
The United Nations Food and Agriculture Organization said on Thursday major investment needs to be made in developing world agriculture. The FAO says that with rapid population growth and changing diets, agricultural production will need to grow by 70% before 2050.
Chilean company buys Brazilian plant becomes world’s second producer of pulp
CMPC SA owned by Chile’s billionaire Matte family, agreed to buy a pulp unit in southern Brazil from Fibria for 1.43 billion US dollars to become the world’s second-biggest producer of cellulose.
Rockhopper confirms drilling of two wells in Falklands’ waters
Rockhopper Exploration oil and gas company which operates in the North Falkland Basin confirmed this week it was considering various options, including a share sale, to fund drilling activities scheduled to begin this coming austral summer in the South Atlantic
Investors from Brazil, Argentina, Basque province and China flock to Uruguay
Investors from Argentina, Brazil, Spain’s Basque province and China are looking for opportunities in Uruguayan assets given the excellent political stability record of the country and proven reliability of its Judicial branch.
Carrefour denies considering exiting Latinamerican “lucrative markets”
French retailer Carrefour is seriously considering exiting Latin America, one of its most lucrative markets, under pressure from top shareholders, Le Monde newspaper reported in a preview of its Thursday edition.
