Friday, August 26th 2011 - 03:10 UTC

Delta decides to buy American and orders 100 Boeing 737 worth 8.5bn dollars

Deliveries of the 180-seat Boeing 737-900ER jets will begin in 2013

Delta Air Lines Inc. agreed to buy 100 Boeing Co. 737 single-aisle jets with a catalogue value of 8.5 billion dollars as the carrier postponed plans to buy another 100 smaller jets from Brazil’s Embraer SA or Canada’s Bombardier Inc.

Friday, August 26th 2011 - 03:08 UTC

Warren Buffett comes to the rescue of Bank of America

The Sage of Omaha impressed by the bank’s commitment to overcome challenges

US billionaire Warren Buffett's company Berkshire Hathaway has announced it is investing 5 billion dollars in Bank of America. News of the famous investor's move sent Bank of America's shares up by 25%, before moving back to 10% ahead.

Thursday, August 25th 2011 - 06:31 UTC

Mexican billionaire Slim boosts stakes in Saks and New York Times

The richest man in the world now owns 7.2% of NYT class A shares

Mexican billionaire Carlos Slim spent 8.8 million dollars to boost his stakes in Saks Inc. and New York Times adding to his biggest US holdings as the stock market slumped last week. Saks gained the most in almost a year.

Monday, August 22nd 2011 - 20:48 UTC

Argentina’s Falklands claim will not significantly impact oil commerciality, says UK leading bank

RBS analyst Phil Corbett assessing the political issues of exploring for oil in the Falklands

The commerciality of the Falkland Islands Rockhopper Exploration’s Sea Lion oilfield development shouldn’t be significantly impacted by logistical problems arising from Argentina’s claim over the sovereignty of the Islands, according to analysts at the Royal Bank of Scotland.

Monday, August 22nd 2011 - 20:32 UTC

Rockhopper spuds new assessment well in Falklands’ Sea Lion Main Complex

 The ‘Ocean Guardian’ begun drilling another well for Rockhopper

Monday morning Rockhopper Exploration announced the spudding of its latest exploration well, 14/10-7, to further test the Sea Lion oil discovery in Falkland Islands waters.

Monday, August 22nd 2011 - 07:53 UTC

Falklands’ government readies for a decision on a new deep sea port

FIPASS was set up by the British forces following the Falklands conflict

After a year without any obvious movement on the idea of a new deep sea port for the Falkland Islands it seems that the idea is alive and well and being pursued, quietly in the background. The estimates for such a project vary up to £ 50, £ 60 million.

Monday, August 22nd 2011 - 06:55 UTC

Uruguay and Colombia have best ‘business climate’ in Latin America

Latam’s two largest economies, Brazil and Mexico had poor ratings

Business climate remained stable in Latin America during the second quarter of the year in spite of signs of the incipient global financial crisis, according to the Brazilian Foundation and think-tank Getulio Vargas. Uruguay and Colombia led the pack of the most pro-business countries in the region.

Thursday, August 18th 2011 - 23:23 UTC

Korean corporations investing heavily in Latin American markets and resources

President Lee Myung-bak has met with his counterparts in Mexico, Peru, Bolivia, Ecuador, Panama, among others

Korea’s leading businesses are making their forays into Latin America, which has emerged as a favoured destination among global investors for its growing economy, ample natural resources and robust domestic demand.

Wednesday, August 17th 2011 - 01:22 UTC

Paraguay attracted a billion dollars in private investment in three years

The assembling of motor bikes is clear evidence of the expansion of manufacturing

Over a billion dollars have poured to the Paraguayan private sector, mostly under the ‘maquila’ system in the last three years according to a report from the Ministry of Industry and Commerce.

Tuesday, August 16th 2011 - 13:41 UTC

Chile approves massive coal mining project in extreme south Patagonia

President Sebastián Piñera is one of the main shareholders behind the Minera Isla Riesco project

The controversial Isla Riesco coal-mining project in the extreme south of Chile took another step forward last Friday when a high-level government commission gave final approval to the first of five mines, Mina Invierno.


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