Tuesday, November 16th 2010 - 04:43 UTC

Caterpillar bets on continued commodities boom, acquires competitor

The Cat-Bucyrus operation involves 8.6 billion US dollars

Placing a huge bet on the global commodities boom, the world's biggest heavy machinery maker, Caterpillar Inc., announced plans Monday to acquire mining equipment company Bucyrus International for 7.6 billion US dollars.

Monday, November 15th 2010 - 19:20 UTC

East Asia more than doubles Latin America’s investment in infrastructure

In spite of healthy economic growth in Latin America, local and foreign companies alike single out one area as deficient, especially compared with Asia: infrastructure.

Friday, November 12th 2010 - 00:47 UTC

Japanese companies will help Bolivia with lithium added-value by-products

Japan’s Sumitomo and Mitsubishi will send experts and equipment to Bolivia to support efforts to produce value-added lithium by-products in the Andean nation, state media reported.

Wednesday, November 10th 2010 - 04:44 UTC

Petrobras leases 20 drilling rigs to become operational in next two years

Sergio Gabrielli, Petrobras CEO

Brazil’s government managed oil and gas corporation Petrobras announced it leased 20 foreign drilling rigs that will start operating in the next two years as it seeks to boost its capacity to explore for and produce oil.

Tuesday, November 9th 2010 - 12:43 UTC

Gold soars to new record; up 7% in the last week, 29% in 2010

Besides US pumping liquidity, fears of a default in Ireland

The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.

Friday, November 5th 2010 - 03:25 UTC

Paraguay could have the world’s largest titanium reserve

David Lowell, president of CIC Resources Inc also hit the copper jackpot in Chile

The US explorer who discovered the world’s biggest copper deposit in Chile has staked a claim in Paraguay to what he says may be the largest titanium find, according to a report from Bloomberg.

Monday, November 1st 2010 - 05:48 UTC

New rush of foreign investors, mainly Argentines, to purchase land in Uruguay

Over a million hectares are now planted with soybeans

Interest in fixed assets, strong commodities’ prices and growing prospects that global demand for food producing land will continue have generated a new rush of foreign investors to buy land in Uruguay.

Saturday, October 30th 2010 - 05:15 UTC

Iran “partner” in the industrialization of Bolivia’s lithium reserves

Bolivian President Evo Morales announced this week that Iran will “partner” in the development and manufacturing of the country’s lithium reserves, an association which had also shown interest from industry groups and governments of other countries.

Friday, October 29th 2010 - 06:15 UTC

Gold demand forecasted to continue rising as developed economies stall

Developing nations central banks are increasing gold reserves

The gold market continued to be supported by concerns over the health of the global economy and its ability to show a sustained recovery, especially in developed nations, according to the latest edition of Gold Investment Digest published today by the World Gold Council (WGC).

Thursday, October 28th 2010 - 05:54 UTC

Argentine shares and bonds reacted positively to death of Kirchner

Investors believe that Indec statistics could become more transparent

Argentine shares and bonds rose on Wednesday after the death of political heavyweight and former President Nestor Kirchner removed from the 2011 election campaign a contender seen as unfriendly to markets.


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