Monday, June 27th 2011 - 05:26 UTC

Three risk rating agencies have Colombia with investment grade

President Juan Manuel Santos

Fitch Ratings raised Colombia to investment grade last week, becoming the third Wall Street agency to elevate the country this year to the coveted status, opening the door to a broader range of investors.

Friday, June 24th 2011 - 22:15 UTC

Malaysia’ AirAsia sings 18.5bn USD contract for 200 A320neo

Tan Sri Tony Fernandes CEO of AirAsia the fastest low-cost growing airline in the world

Malaysia’s AirAsia signed an 18.5 billion US dollars landmark deal for 200 A320neo Airbus, with an option for another 100, making AirAsia the biggest airline customer for the European corporations for the single-aisle product line worldwide.

Friday, June 24th 2011 - 19:46 UTC

Potassium mining project that could make Argentina top exporter is suspended

Mendoza Hydrocarbons Sub-Secretary Walter Vazquez is holding discussions with Vale representatives

The government of the Argentine province of Mendoza is studying documents presented by Vale that could allow the Brazilian miner to continue with a 4.6 billion US dollars potassium project, said an official in Mendoza.

Thursday, June 23rd 2011 - 08:48 UTC

LAN becomes best Airbus client in Latam: it ordered 20 Airbus A320neos

The A320 eco-efficient begins to be delivered in 2017

Chile’s LAN Airlines has placed a firm order at the 49th Le Bourget Airshow for 20 eco-efficient Airbus A320neos as part of its expansion strategy and fleet-renewal program. The aircraft are expected for delivery 2017/2018.

Thursday, June 23rd 2011 - 00:21 UTC

Zamin Ferrous project in Uruguay to be submitted to referendum, says President Mujica

President Mujica: “I won’t decide, nor will they, and you will have to vote”.

President Jose Mujica said that Swiss-based Zamin Ferrous iron-ore project feasibility study for an 18 million mt/year project has not been approved and given the controversy that has surfaced he supports the idea of holding a referendum on the project.

Tuesday, June 21st 2011 - 05:50 UTC

UK Deputy PM arrives in Brazil to promote trade and investment

Nick Clegg arrives in Sao Paulo with a delegation of 45

British Deputy Prime Minister Nick Clegg arrives Tuesday in Brazil with a numerous delegation of business leaders, academics and sports figures to promote bilateral trade with Latin America’s largest economy.

Tuesday, June 21st 2011 - 03:46 UTC

A million acres estancia in north-west Argentina on sale

Estancia Punta del Agua is located in a rich agriculture area

Estancia Punta del Agua, probably the largest ever block of freehold land to come onto the market in north Argentina is being sold by London based agent Savills. The estate in San Juan province in the north west of the country is currently owned by a family company and is described as having enormous potential for agricultural or eco power possibilities.

Tuesday, June 21st 2011 - 03:21 UTC

Argentine-Italian group invests in RD for the Brazilian oil industry

The Argentine-Italian group Tenaris announced it will begin the construction of its Research & Development Center in July 2011. The new facility will be located in the Rio Technology Park at Ilha do Fundão, Rio de Janeiro, Brazil.

Tuesday, June 21st 2011 - 03:16 UTC

Petrobras told to control costs of its massive investment program

Mantega trying to keep Petrobras distant from political influence

Petrobras oil and gas corporation needs to control costs in its investment program, Brazil's Finance minister said on Monday, days after he and other board members told the company to revise an update of its 224 billion US dollars spending plan.

Monday, June 20th 2011 - 05:43 UTC

Chilean government sells water utility stock raises 984 million USD

Sales of other water utilities are in the pipeline

The Chilean Economic Development Agency (CORFO) raised US$984 million last week by selling its 29.98% stake in the country’s main water utility, Aguas Andinas SA.


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