Stimulus and bailout packages undertaken to cope with the economic crisis can have an impact on trade and investment and need to be managed carefully, according to the head of the World Trade Organization.
British Petroleum reached an agreement to sell its 60% stake in an Argentine oil and gas company to its joint-venture partner Bridas, which is owned in equal parts by China's CNOOC, China’s Natioonal Offshore Oil Company and the prominent Bulgheroni family of Argentina.
Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.
Colombian state oil company Ecopetrol announced investments of roughly 8.5 billion US dollars in 2011, with 5% of that total to be allocated for projects in the United States, Brazil and Peru.
DryShips has won an exploration contract to drill offshore the Falkland Islands. The Greek company received a letter of intent for the Eirik Raude and will drill two weels for approximately 90 days beginning in the fourth quarter of 2011.
Petroleos de Venezuela SA and Italy’s Eni SpA said they’ll jointly invest 17 billion US dollars to produce and refine heavy crude in the Orinoco Belt.
The Falkland Islands will continue to be an important focus for European exploration and production (E&P) oil and gas investors in the near term, according to research by Goldman Sachs.
Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.
Alternative Latin Investor is proud to present its latest special report, Latin America Real Estate Investment 2010. <br />
The report covers the commercial, residential and tourism sectors within Brazil, Mexico, Colombia and Peru with special sections on Agricultural Land Investment in Argentina and the massive Panama Pacífico Project.
German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.