Investments
InvestmentsWorld skyscraper construction slips 10% in first half of 2009
Construction on more than 10% of 1.306 planned skyscrapers was on hold at the end of June, and there were 11% fewer such projects under way compared with six months ago, according to a report released this week by Frankfurt based Emporis GmbH.
Ford reports quarterly profit in “extremely challenging world”
Ford, the only one of the “Big Three” United States carmakers not to have gone bankrupt, has reported a quarterly profit of 2.3billion US dollars. However, the profit was largely due to one-off gains related to debt restructuring, with demand for new cars remaining weak.
Australia’s conflict with China favours Brazilian iron-ore sales
Spot iron-ore vessel bookings from Brazil to China jumped to a record in July as Australia suspended spot sales following detentions of Rio Tinto's top sales officials in China, reports Reuters.
Leading paper maker privileges control of Botnia mill in Uruguay
Finnish paper firm UPM-Kymmene Corp. said Wednesday that it plans to take over the Fray Bentos pulp mill and forest plantations in Uruguay from Finnish forest co-operative Metsaliitto Group in an asset-swap arrangement.
GM Brazil to invest a billion US dollars in two new models for Mercosur
General Motors announced Wednesday it will invest a billion US dollars to develop two new car models in Brazil. GM Brazil and Mercosur operations president said it was the corporation’s biggest investment since the onset of the global financial crisis.
Divers have recovered part of the gold lost in the South Atlantic
Part of the gold and silver which went down in the South Atlantic, off Patagonia, with the Chilean flagged trawler converted into a transport vessel “Polar Mist”, has been winched aboard the rescuers’ tug contracted to recover the precious cargo.
France best positioned for Brazil’s Air Force 4.5 billion USD contract
US defence contractor Boeing Co is prepared to have Brazilian companies supply a “big portion” of components for its Super Hornet jetfighter, creating as many as 5.000 local jobs, to sell 36 of the warplanes to Brazil. The pledge comes as Boeing manoeuvres against competitors France’s Dassault Aviation and Sweden’s Saab AB.
Bolivia interested in Uruguayan ports for its overseas trade
Uruguay has offered far better conditions for the export of Bolivian products from Uruguayan ports than Chile has, revealed on Friday Bolivian Foreign Affairs minister David Choquehuanca.
New leaner GM is born: four key brands and 61% owned by US government
General Motors (GM) says it has emerged from bankruptcy protection after creating a “new GM” made up of the carmaker's best assets. GM chief executive Fritz Henderson said it was the beginning of a “new era”.
Repsol in the process of selling YPF to China, says Beijing press
Chinese media based on reliable sources from the country’s giant oil corporation CNPC (China National Petroleum Corporation) report the almost certain sale by Spain’s Repsol of 75% of its subsidiary YPF, an operation involving 14.5 billion US dollars
