Investments

Investments
Monday, September 6th 2010 - 04:49 UTC

Canadian companies fighting to control rich gold and silver project in Patagonia

The Cerro Negro prospect in Santa Cruz province, where the powerful Kirchner couple begun their political career

Rival Canadian gold mining companies Goldcorp and Eldorado have locked horns in a fight to buy up Andean Resources Ltd.

Saturday, September 4th 2010 - 05:24 UTC

Petrobras unveils world’s largest public share offering, but there are questions…

The Brazilian oil and gas company needs the money to develop huge sub-salt offshore deposits

The Brazilian state managed oil company Petrobras unveiled on Friday plans to sell up to 64.5 billion US dollars of new stock, in one of the world's largest public share offerings.

Friday, August 27th 2010 - 07:46 UTC

New York’s Empire State Building looses to 15 Penn Plaza

The new 67 storey skyscraper will dominate the Apple’s skyline

The Empire State Building has dominated the New York City skyline for a number of years since it was first built and it has become one of the top tourist destinations in the city. The building is now set to become second best however as a new building has been approved in New York city that will dominate the skyline and make the Empire State Building lose out.

Tuesday, August 24th 2010 - 05:27 UTC

Uruguay confident in recovering investment grade “within one or two years”

Central Bank president Mario Bergara in New York

Uruguay whose credit rating was cut to junk in 2002, expects to return to investment grade within two years, central bank President Mario Bergara said. “We are confident that in one or two years we will have investment grade again,” Bergara said at an investors’ conference in New York Monday.

Friday, August 20th 2010 - 02:49 UTC

Chile, Brazil, Bolivia to open next November Mercosur bi-oceanic corridor

 The announcement was made by Chilean president Piñera

Presidents from Chile, Brazil and Bolivia will be inaugurating next November a Mercosur bi-oceanic corridor that will link the three countries, connecting the Atlantic with the Pacific oceans.

Thursday, August 19th 2010 - 06:05 UTC

Rockhopper confirms Falklands’ drilling program; shares rebound

Focus in back in Sea Lion says Sam Moody, Managing Director of Rockhopper Exploration.

After stating that its first well (Ernest) drilled in the southern part of the North Falkland Basin has been declared dry, Rockhopper Exploration (AIM: RKH) was sold down to 265p before rallying sharply to close Wednesday only 2.5p cheaper at 301.25p.

Wednesday, August 18th 2010 - 19:47 UTC

Chile’s investments abroad amount to 54 billion USD, mostly Latinamerica

Argentina, Brazil and Colombia concentrated 60% of Chile’s overseas investment

Chile's investment abroad amounted to about 54.2 billion US dollars between 1990 and June 2010, distributed among more than 70 countries from the Americas, Europe, Asia, Oceania and Europe, according to a report released Monday by the General Directorate of International Economic Relations (DIRECON).

Saturday, August 14th 2010 - 02:47 UTC

Merger of Chile’s Lan and Brazil’s Tam to become the region’s largest carrier

Latam Airlines Group is the name of the new merger

Two major South American airlines announced on Friday plans to merge and create the biggest carrier in the region. Brazil's largest airline TAM Linhas Aereas will be teaming up with Chile's LAN.

Friday, August 13th 2010 - 04:06 UTC

Asian and Latinamerican corporations buying Argentine assets

The few Argentine corporations with muscle have been slow in expanding internationally

In the nineties most Argentine companies were purchased by companies with headquarters in New York or Madrid but in this decade they come from less glamorous countries: China, India, Brazil, Russia and unsuspected places such as Mexico, Peru and Colombia.

Friday, August 13th 2010 - 03:20 UTC

Chilean and Swedish companies insist with new pulp mill in Uruguay

Celulosa Arauco's corporate director, Franco Bozzalla

Chilean wood pulp producer Celulosa Arauco y Constitucion SA seeks to continue its regional expansion as it develops plans for a new pulp mill in Uruguay, Arauco's corporate director, Franco Bozzalla, said this week.

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