Saturday, October 23rd 2010 - 03:29 UTC

Russia Gazprom joins France’s Total in Bolivian gas joint venture

Bolivia has the third largest natural gas reserves in Latam

Russian energy company Gazprom has plans to take a 20% stake in natural gas projects in Bolivia, the gas monopoly said. Gazprom said it could take the stake under the terms of a September deal with French energy company Total for the Ipati and Aquio gas blocks in Bolivia.

Friday, October 22nd 2010 - 03:50 UTC

Two Falklands’ exploration companies to begin 3D seismic surveying in January

Argos chairman Ian Thomson

Two Falkland Islands hydrocarbons exploration companies have signed contracts for marine seismic acquisition services with Polarcus Limited. The contracts were announced Thursday and should be operational by early January 2011.

Wednesday, October 20th 2010 - 03:10 UTC

Another Indian outsourcing services company moves into Mercosur

Aegis, owned by India's Essar Group, currently has about 39,000 staff across 10 countries

Aegis, the outsourcing services arm of steel-to-shipping conglomerate Essar Group on Tuesday said it has signed an agreement to acquire Argentine business process outsourcing firm, Actionline.

Wednesday, October 20th 2010 - 03:06 UTC

US Treasury launches fourth sale of Citigroup common stock

Buying Citigroup shares was an excellent deal for the US government

The US Treasury Department said it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged trading plan.

Wednesday, October 20th 2010 - 03:02 UTC

Fiat plans to invest 6 billion USD by 2015 in Brazil to boost production

Most of the funds are to be invested in car production, currently operating at its limit

Italy's Fiat will invest 10 billion Reais (USD 6 billion) in Brazil by 2015 in operations that include production of cars, auto parts and agricultural machinery.

Tuesday, October 19th 2010 - 03:50 UTC

Brazil’s Vale “very well positioned” to continue as world’s largest mining group

Chief Executive Officer Roger Agnelli addressing investors in New York

Brazil’s Vale Rio Doce, the world’s biggest iron- ore miner, said it is not planning any more acquisitions because it has enough assets to double its capacity.

Monday, October 18th 2010 - 22:42 UTC

Brazil becomes magnet for Chilean investors; trade in 2010 soars 66%

Brazilian aircraft, locomotives and subways for Chile

This year Brazil has emerged as Chile's largest trading partner in South America and one of the most important destinations for Chile's investment. Overall, trade between Brazil and Chile has grown 66%, while Brazil replaced Colombia as second highest location for Chilean Investment.

Monday, October 18th 2010 - 21:58 UTC

Rockhopper plans to raise £ 200 million for further oil drilling in Falklands

Success in Sea Lion prospect but no luck at Rachel prospect

Rockhopper Petroleum Plc, an oil explorer focused on the Falkland Islands, plans to raise about £200 million (318 million USD) through a share placement to pursue additional appraisal of its Sea Lion prospect.

Wednesday, October 13th 2010 - 00:57 UTC

Uruguay authorizes Stora Enso to build a pulp mill next to the River Plate

Foreign Affairs minister Luis Almagro made the announcement in Helsinki

Uruguay announced that it will authorize Finland’s Stora Enso so build one of the world’s largest pulp mills but also warned about “wide ranging, strict supervision” of the environment to comply with international practice and to avoid problems with neighbouring Argentina, as happened with Botnia.

Saturday, October 9th 2010 - 05:14 UTC

Saudi business delegation visits Uruguay interested in secure reliable food sources

President Mujica (R) in Anchorena with minister Fahad Abdulrahman Bat Ghunaim

A delegation of Saudi agro-business entrepreneurs headed by the Agriculture minister (and member of the royal family) visited Uruguay with the purpose of establishing a fluid trade exchange and on the long term a strategic alliance.


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