Investments

Investments
Wednesday, November 30th 2011 - 09:04 UTC

China becomes Peru’s main trade partner and a leading investor

PM Lerner anticipates 1.2 billion investments by 2013

Peruvian Prime Minister Salomon Lerner said that China’s direct investments in the country would increase between 30% and 40% in the next two years. China became this year Peru’s main trade partner.

Tuesday, November 29th 2011 - 17:15 UTC

Argos steps down from the current Falklands oil exploration round

Chairman Ian Thomson said current weak capital markets and restricted availability of the Ocean Guardian rig weighed on the decision

Argos Resources Limited, the Falkland Islands based exploration company focused on the North Falkland Basin, reported on Tuesday it has decided not to participate in the current drilling campaign in the area with the Ocean Guardian rig, which is now likely to end in December 2011.

Monday, November 28th 2011 - 21:10 UTC

Argentina’s Techint moves strongly into Brazil steel business

Paolo Rocca chairman of Ternium and Tenaris in a recent visit to President Cristina Fernandez

The Techint Group agreed to pay 5.03 billion Reais (2.7 billion dollars) for a 27.7% voting stake in Brazil’s Usinas Siderurgicas de Minas Gerais to boost access to the largest market for steel in Latin America.

Monday, November 28th 2011 - 21:04 UTC

Brazil preparing stimuli plan to boost manufacturing and create jobs

President Dilma Rousseff is optimistic about the future

Brazilian president Dilma Rousseff said that the country’s economy which slowed down in the last quarter will retake growth and generate more jobs based on government plans to expand manufacturing.

Monday, November 28th 2011 - 15:38 UTC

New drilling in Falklands to confirm southern extension of Sea Lion oil find

The ‘Ocean Guardian’ last drill in the successful Falklands’ round

Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.

Saturday, November 26th 2011 - 03:18 UTC

Strong process of land concentration and in foreign hands in Latam says FAO

A report from the UN Food and Agriculture Organization, FAO, in seventeen Latinamerican and Caribbean countries discovered an intense concentration and foreign-held land process.

Saturday, November 26th 2011 - 03:15 UTC

Cuba opens bank loans for small businesses, private farmers and house repair

Central Bank of Cuba

Cuba has authorised banks to loan money to small businesses, private farmers and people who want to repair or build homes - a revolutionary step for the island's government.

Saturday, November 26th 2011 - 03:12 UTC

FAO estimates record oilseed production but soybean crop will be down

Global oilseed production is estimated at record 472 million tons in the 2011-12 marketing year starting October but the growth in output will be subdued, FAO said in a report. Similarly soy bean production is expected to fall to 260.7 million tons from 265.8 million in 2010/2011.

Wednesday, November 23rd 2011 - 06:27 UTC

CFK promises pro-growth model, industrial “fine tuning” and dialogue

The Argentine president tells the business community she has learnt not to get mad (Photo Telam)

In a milestone speech on Tuesday anticipating the four years of her next mandate, Argentine President Cristina Fernandez disclosed she would continue with pro-growth policies but also added that a time of ‘fine tuning’ had arrived in which she was willing to address all issues including “investment and inflation” but not through the newspapers.

Wednesday, November 23rd 2011 - 02:53 UTC

Argentine minister tells industry to invest 30bn dollars annual to ensure 7% growth

Industry minister Giorgi: economic growth with social inclusion is the K model

Argentine Industry Minister, Débora Giorgi, came on stage Tuesday at the Industrial Union’s annual conference to defend the “Kirchnerite economic model”, and warned that in order to keep an average growth of 7% as asked by businessmen, they would have to increase their annual investments to 30 billion dollars.

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