Investments

Investments
Thursday, February 24th 2011 - 07:49 UTC

Uruguay and India explore wind energy cooperation

Vice-president Danilo Astori also announced the signing of a double taxation treaty

A high level delegation from Uruguay is exploring the possibility of forging cooperation with India in the wind power sector. Led by Uruguayan Vice President Danilo Astori, the delegation visited Wednesday the plant of RRB Energy Ltd (RRBEL) in Chennai (formally Madras).

Thursday, February 24th 2011 - 07:20 UTC

After 22 years Repsol-YPF delists from the NY Stock Exchange

The Spanish company wants to cut costs and optimize presence in international markets

Spanish-Argentine energy company Repsol-YPF officially informed the U.S. Securities and Exchange Commission of its decision to de-list from the New York Stock Exchange, where its shares had been traded for almost 22 years.

Thursday, February 24th 2011 - 07:16 UTC

Nasdaq reacts to spate of deals in the stock markets industry

One of the options is tying up with the Chicago Mercantile Exchange

Nasdaq OMX Group Inc could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said, as traditional exchanges race to merge to see off upstart electronic rivals.

Thursday, February 24th 2011 - 07:03 UTC

BHP Billiton expands shale gas business and buys fields in Arkansas

BHP Billiton chief executive J. Michael Yeager: entry into the US market

Giant Anglo-Australian miner BHP Billiton has agreed to buy shale gas assets from US firm Chesapeake Energy for 4.75 billion US dollars. The purchase of Chesapeake's stake in a field in Fayetteville, Arkansas represents a move into the rapidly expanding shale gas business for BHP.

Wednesday, February 23rd 2011 - 07:25 UTC

Brazil’s Bovespa and Shanghai Stock Exchange sign link agreement

BM&FBovespa Chief Executive Officer Edemir Pinto

The Shanghai Stock Exchange and Brazil's BM&F Bovespa signed this week an agreement that could lead to closer ties between the two. Bovespa said it was looking for cross-listing across both exchanges, although this would not happen immediately.

Wednesday, February 23rd 2011 - 07:13 UTC

Indian tractor manufacturer plans to mount assembly plant in Argentina

India’s manufacturer of International Tractors (Sonalika brand) is in advanced negotiations with Argentina-based company Apache for the establishment of a 25 million US dollars assembly plant in the South American country as part of a regional campaign.

Wednesday, February 23rd 2011 - 07:09 UTC

Santander selling insurance business in Latam to Swiss company

The Spanish bank has 5.600 branches and 36 million customers in Latam

Switzerland’s largest insurer, Zurich Financial Services, has agreed to pay as much as 2.1 billion US dollars for 51% of Banco Santander’s insurance business in Brazil, Mexico, Chile, Argentina and Uruguay.

Tuesday, February 22nd 2011 - 07:00 UTC

Malvinas basin oil exploration scheduled to begin first half of 2011

The Tierra del Fuego offshore project includes Petrobras and Pan American Energy

Repsol-YPF plans to start deepwater exploration off the coast of Tierra del Fuego in the Malvinas basin are expected to begin before the end of the first half of 2011, according to company’s sources.

Tuesday, February 22nd 2011 - 06:58 UTC

Pan American Energy, --partly Chinese owned--, keeps expanding in Argentina

By acquiring Esso gasoline stations Pan American Energy becomes a fully integrated oil and gas producer.

Argentina's Pan American Energy will sign a deal later this month to buy Exxon Mobil local downstream unit Esso, turning the company into a fully integrated oil and gas producer. Pan American Energy is a unit of Bridas Corp., which is jointly owned by Argentina's Bulgheroni family through Bridas Energy Holdings and China's Cnooc Ltd.

Tuesday, February 22nd 2011 - 00:10 UTC

US offering Brazil “significant technology transfer” in jet fighters operation

President Rousseff must decide on one of the three: Boeing's F-18 Super Hornet, Rafale by France's Dassault, and Sweden’s Gripen

Brazil would receive a “significant technology transfer” if it buys US-made fighter jets, a US Defence Department official said, seeking to ease concerns before Brazil selects a winning bidder.

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