The United States has fallen behind emerging markets Brazil, China and India as the preferred place to invest, according to a survey from Bloomberg. The US ranked first three months ago in the last quarterly Bloomberg Global Poll.
Argentina’s most populous province is preparing a return to international bond markets to benefit from the lowest borrowing costs in two years. Buenos Aires province hired Bank of America and Deutsche Bank AG to arrange investor meetings in Europe and the US as it plans to sell 500 million US dollars in debt.
Rockhopper Exploration (RKH.L) said it believed its oil discovery offshore the Falklands Islands will be commercially viable. A test at the Sea Lion 1 well in the North Falkland basin produced sustained rates of over 2,000 barrels of oil per day, in line with its hopes, Rockhopper said in a statement on Friday.
CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.
The gold price surged to a new all-time high on Wednesday driven by a weaker dollar and its safe haven appeal. The precious metal was up almost 2% at $1,274.75 per ounce, surpassing the previous record of $1,265.30 struck on June 21.
In the first six months of 2010 Falkland Islands based Argos Resources has made significant progress in developing its PL001 Licence in the North Falkland Basin, to anticipate it will begin an exploratory hydrocarbons drilling campaign in the second half of 2011.
Falkland Islands Desire Petroleum (AIM-DES) is upbeat about the prospects for finding major reserves of oil offshore the Islands despite mixed results so far and revealed plans to further drill four wells in the North Falkland basin.
Swiss-based iron ore mining start-up Zamin Ferrous through its Brazilian affiliate is finishing the drilling stage of an iron-ore project in Valentines, Uruguay, and expects to complete its “definitive” feasibility study by mid-2011.
The Falkland Islands first local television station will soon be broadcasting to the Islands. KTV and Stanley Services Limited have announced the creation of a new Company called Falkland Islands Television Limited (FITV) which will broadcast locally produced news programs.
Chile, Peru, Colombia are listed among the Best Countries for Business according to a ranking from the US Forbes magazine which includes 129 countries taking into consideration several indexes: GDP growth, GDP/capita, trade balance, population and budget affairs.