Investments

Investments
Monday, February 8th 2010 - 05:02 UTC

New Carrasco terminal among the “most beautiful airports in the world”

The shell shaped terminal designed by Uruguayan architect Rafael Viñoly

The new Uruguayan air terminal in Carrasco, inaugurated last November, has been included among fifteen of “the most beautiful airports in the world” according to the January edition of travel magazine “Travel+Leisure”.

Thursday, February 4th 2010 - 17:31 UTC

BBVA takes over Credit Agricole becomes Uruguay’s second largest private bank

Credit Agricole to focus on European market

French bank Credit Agricole SA will sell its Uruguayan subsidiary, Credit Uruguay Banco, to the local unit of Spain's BBVA it was confirmed in Montevideo and Madrid.

Tuesday, February 2nd 2010 - 12:54 UTC

FOGL and BHP Billiton planning two exploratory wells in Falklands’ waters

Falkland Oil & Gas Ltd., a United Kingdom based explorer in the South Atlantic, plans to start drilling a well southeast of the Falkland Islands in April reports Bloomberg.

Tuesday, February 2nd 2010 - 04:34 UTC

Shell and Brazilian company join to create giant ethanol producer and distributor

The joint venture will have an initial ethanol annual production of 2 billion litres

Brazil's Cosan, the world's largest ethanol and sugar processor, said announced Monday it signed an agreement to merge its ethanol and fuels distribution business in the country with Royal Dutch Shell in a deal valued as much as 12 billion US dollars.

Friday, January 29th 2010 - 09:19 UTC

Brazilian company invests heavily in Uruguayan dairy industry

The goal is a plant to process 1.5 million litres of milk daily

A major Brazilian dairy corporation, Laticinios Bom Gosto will begin to build its affiliate in Uruguay next May to produce powder milk and butter mainly for the Brazilian market.

Friday, January 29th 2010 - 09:12 UTC

Argentine teamsters’ boss penchant for a five-star hotel in Punta del Este

Hugo Moyano, close ally of the Kirchners

The head of Argentina’s powerful trade union confederation (CGT), teamster Hugo Moyano strongly denied Thursday that his union had plans to purchase a hotel in the Uruguayan posh sea side resort of Punta del Este.

Thursday, January 28th 2010 - 05:24 UTC

Apocalyptic forecast about G-7 countries from investment advisor

Pimco’s Bill Gross recommends Asia; UK assets are a “must to avoid”

A top investment advisor has described Britain's economy as a 'must to avoid' and says 'gilts are resting on a bed of nitro-glycerine'. Bill Gross, manager of the world's biggest bond fund Pacific Investment Management Co made the comments as he warned investors to shy away from government debt, especially in the G7 industrialised nations.

Thursday, January 21st 2010 - 12:12 UTC

BHP Billiton confirms oil exploration commitment in Falklands’ waters

The corporation is Australia largest oil and gas producer and is increasing investments

BHP Billiton Ltd., Australia’s biggest oil and gas producer, boosted its forecast for petroleum exploration spending by 33% because of an increase in drilling in the US Gulf of Mexico and offshore Australia.

Thursday, January 21st 2010 - 02:31 UTC

Oil executives check preparations for rig arrival in Falklands

Honest Rays along FIPASS in Stanley

DRILLING chemicals, pipe casing and logging equipment are just part of the mass of physical supplies being offloaded in Stanley in preparation for the arrival of the oil rig in Falkland Islands waters next month.

Wednesday, January 20th 2010 - 09:00 UTC

Marbled chocolate: Kraft Foods takes over Cadbury; job losses anticipated

Cadbury's  Dairy Milk chocolate and Kraft's Milka and Toblerone will belong to the same corporation

Job losses are “an inevitability” at Cadbury after its takeover by US giant Kraft Foods, the UK firm's chairman has confirmed to the BBC. Without estimating how many positions would be affected, Roger Carr said jobs would go at Cadbury's head office in Uxbridge, London.

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