Investments

Investments
Friday, May 20th 2011 - 10:24 UTC

Uruguayan airline Pluna planning to open new domestic routes in Chile

Pluna vice president Arturo Demalde

For years LAN Chile has dominated the Chilean airways, but recent reports suggest Uruguayan based airline Pluna is hoping to open up new domestic flights within Chile, increasing the competition already offered by Sky airlines and PAL airlines.

Friday, May 20th 2011 - 01:07 UTC

Falklands’ oil exploration companies expand early 2012 drilling program

Leiv Eiriksson is a fifth-generation semi-submersible drilling rig

Borders & Southern Petroleum has extended a contract for exploratory drilling in Falkland Islands waters to include at least another two wells, it was announced on Thursday by parties involved.

Thursday, May 19th 2011 - 07:30 UTC

Uruguay makes presentation in Seoul to attract Korean investors

Deputy Minister Pablo Genta: Uruguay a founding member of Mercosur

Uruguay’s sound economic and stable political environment were underlined by the country’s Deputy Minister for Public Works and Transport during a high level business forum to attract investors to Latin American which was held in the capital of South Korea, Seoul.

Thursday, May 19th 2011 - 07:16 UTC

Brazil’s purchase of 36 fighter jets will be made in 2012 says Rousseff

Sweden’s Grippen is one of the three offers for the several billion USD contract

Brazilian President Dilma Rousseff revealed this week that the purchase of 36 fighter jets for the country's Air Force and involving billions of dollars but which has been postponed for years will be made in 2012.

Wednesday, May 18th 2011 - 16:46 UTC

Argentina’s poor cousin? Not Uruguay

President Jose Mujica up beat on the economy, not so much on politics

The following piece by Jude Webber writing for the Financial Times explains the different approach by the two neighboring countries to the windfall earnings of the commodities boom.

Wednesday, May 18th 2011 - 16:05 UTC

Uruguay to begin marketing sale of 10-year Samurai bonds

Bonds are being offered at between 42 basis points and 48 basis points more than the Yen swap rate.

Uruguay started marketing a sale of 10-year Samurai bonds guaranteed by the Japan Bank for International Cooperation, according to reports in the Montevideo and Tokyo financial press.

Tuesday, May 17th 2011 - 15:35 UTC

Brazilian banks and funds create company to build deep-water rigs for Petrobras

Sete Brazil is to build seven rigs thus alleviating Petrobras financial burden

A group of Brazilian banks and funds have created a company called Sete Brasil that will build seven deep-water rigs for state-run oil company Petrobras offshore exploration campaign, Petrobras announced on Monday.

Tuesday, May 17th 2011 - 15:31 UTC

Brazil’s Vale wants to become world leader in nickel production

The Onca Puma operation will have an annual production of 220.000 tons of ferronickel

Brazil’s Vale, the world’s leading exporter of iron ore is moving strongly into other minerals with the opening of its first nickel operation in Onca Puma to the southeast of Pará state which is considered one of the largest ferronickel production plants in the world.

Tuesday, May 17th 2011 - 05:51 UTC

China ready to increase trade and investments in Brazil but infrastructure lacking

Commerce minister Chen Deming meets counterpart Pimentel

China moved to smooth economic relations with Brazil on Monday, saying it was open to more Brazilian exports and that Chinese firms will broaden their investments in the country.

Monday, May 16th 2011 - 05:02 UTC

Beijing promises more trade and investments but Argentina must respect Chinese exports

Trade minister Chen Deming also asked for an improved investment environment

China Trade Minister Chen Deming promised to further increase bilateral trade with Argentina which last year reached 13.5 billion US dollars but also asked for reciprocity regarding China’s exports.

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