Investments

Investments
Wednesday, June 15th 2011 - 21:37 UTC

Siemens manager charged for allegedly bribing Argentine officials with 27 million USD

The charges refer to the Argentine state project to produce ID cards

A former management board member of Germany’s Siemens AG has been charged with breach of trust for alleged bribery payments made to win a project in Argentina, the Munich State Prosecutors office said this week.

Wednesday, June 15th 2011 - 19:30 UTC

Argentina industrial output up 7.9% in April and 9.2% in first four months

The automotive industry remains the most dynamic

Argentina’s industrial output rose 7.9% on the year in April and was down 0.2% on the month, the country's manufacturers association, UIA, said in a statement. In the first four months of the year industrial output was 9.2% higher than the same period in 2010.

Wednesday, June 15th 2011 - 02:43 UTC

“Self determination and self sufficiency”, Falklands message to the world on Liberation Day

Falklands Government Representative in London, Ms Sukey Cameron addresses the annual reception at Lincoln’s Inn

“Self-determination and self-sufficiency” is the Falkland Islands message to the world on the day the Islands commemorate the 29th anniversary of its liberation, said the Falklands’ government representative in London Sukey Cameron, who added Argentina continues with its campaign to claim sovereignty and disrupt the Falklands economy.

Tuesday, June 14th 2011 - 22:31 UTC

Korean Hyundai to ensure local market agrees to export Argentine bio-diesel and soy flour

Argentina’s Industry minister Girogi made the announcement

Korea’s Hyundai reached an agreement with the Argentine government by which it will compensate its 91 million US dollars surplus on sales to the local domestic market by promoting exports of peanuts, wine, bio-diesel and soy flour to the tune of 157 million US dollars.

Tuesday, June 14th 2011 - 22:20 UTC

Facebook preparing for public offering; company value over 100 billion USD

Mark Zuckerberg, 27, founded the company from a Harvard room in 2004

Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than 100 billion US dollars, financial news channel CNBC reported this week.

Saturday, June 11th 2011 - 11:16 UTC

President Mujica claims attempts to weaken him government “so I have to leave”

Vice President Astori reaffirmed loyalty and support for the president several times

A controversy over land taxes inside the Uruguayan government exposed claims from President Jose Mujica that “meetings are taking place to debilitate his administration and even possibly remove him”

Saturday, June 11th 2011 - 10:38 UTC

Successful launching of Argentine/NASA satellite to map oceans’ surface salinity

The rocket with Aquarius takes off from Vandenberg base in California

The joint Argentine/US satellite Aquarius/SAC-D (Satellite de Aplicaciones Cientaficas) mission was successfully launched Friday from Vandenberg military air base in California. Argentine president Cristina Fernandez de Kirchner said the Argentines “on this day should feel happy and proud”.

Friday, June 10th 2011 - 15:32 UTC

Petrobras double-strike: major discovery in US Gulf of Mexico and in Brazil

The Brazilian oil giant holds a 25% stake in the Keathley canyon stake, 400 km SW of New Orleans.

Lucky week for Brazil’s Petrobras that announced major oil and gas discoveries in the US Gulf of Mexico and off the coast of Spirito Santo in Brazil.

Friday, June 10th 2011 - 15:17 UTC

Uruguay completes 2D offshore geophysical surveying for September’s oil round

R/V Reflect Aries surveyed almost the whole of Punta del Este, Pelotas and Oriental del Plata basins

In anticipation of Uruguay Oil Round II, scheduled for next September, Singapore based Reflect Geophysical Pte Ltd announced the completion of the survey for the acquisition of geophysical data in the Uruguayan offshore, through the seismic vessel R/V Reflect Aries.

Friday, June 10th 2011 - 05:10 UTC

China and Uruguay sign 17 cooperation accords and 530m USD trade package

President Mujica with Vice-President Xi Jinping

Visiting Chinese Vice-President Xi Jinping signed Wednesday in Uruguay 17 cooperation agreements and trade contracts for the purchase of 530 million US dollars in Uruguayan goods before leaving for Chile the third leg of his tour of Latin America.

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