Thursday, August 11th 2011 - 06:21 UTC

Brazilean company fully committed to oil exploration off-shore Namibia

HRT boosted net potential oil resources 12% with assets in the African west coast

Brazilian oil and gas start-up HRT boosted its net potential oil resources 12% to 7.9 billion barrels of oil equivalent (boe) following a certification study of its assets in Namibia.

Tuesday, August 9th 2011 - 07:56 UTC

Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’

A fourth exploration well is planned to the north-west outside of the Sea Lion Discovery Area.

Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic.

Saturday, August 6th 2011 - 08:41 UTC

Canadian PM will visit Brazil, Colombia and Central America

PM Harper: the Americas remain a key region of increasing economic prosperity

Canadian Prime Minister Stephen Harper will visit Brazil, Colombia, Costa Rica and Honduras from August 8 to 12 to promote trade and investments, reinforce democratic governance and advance common security, according to a release from the PM’s office.

Saturday, August 6th 2011 - 08:29 UTC

Soft loans for Brazilian suppliers of the oil and gas industry

Development of oil and gas is expected to have Brazil among the short list of global suppliers

Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.

Saturday, August 6th 2011 - 08:26 UTC

Germany’s BMW planning assembly plant in Brazil to cater Mercosur luxury car demand

CEO Norbert Reithofer said BMW targets full year sales of 1.6 million units

German automaker BMW said this week it would probably build its first assembly plant in Brazil after strong demand for luxury cars generated stellar earnings for the global leader.

Friday, August 5th 2011 - 01:43 UTC

China takes over South Africa’s Standard Bank network in Argentina

Industrial and Commercial Bank of China Ltd is the world’s largest bank (ICBC) by market value

Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan.

Wednesday, August 3rd 2011 - 22:02 UTC

Uruguay’s second pulp project receives 200 million loan from IDB

Punta Pereira on the River Plate where the new pulp mill is under construction

The Inter-American Development Bank (IDB) approved a 200 million dollars loan for Uruguay’s second major pulp mill investment, Celulosa y Energía Punta Pereira S.A. and Zona Franca Punta Pereira S.A., belonging to the Montes del Plata Group.

Wednesday, August 3rd 2011 - 06:58 UTC

CFK and Mujica underline ‘importance of dialogue’ and overcoming conflicts

The two presidents in Casa Rosada

President Cristina Fernandez de Kirchner, CFK, underlined the importance of dialogue between Argentina and Uruguay which enable to overcome ‘conflicts’, while her Uruguayan peer Jose Mujica said that the “good neighbours” policy is the only way forward and a win-win situation for both sides.

Wednesday, August 3rd 2011 - 02:53 UTC

Uruguay disappointed with Indian group downgrading iron-ore project priority

CEO Fernando Puntigliano said Zamin Ferrous was surprised by the degree of political discussion on the project

The Uruguayan government was taken aback by the announcement that the Indian iron-ore mining group Zamin Ferrous has decided to downgrade the priority of its several hundred millions dollar project in Uruguay from position one to four.

Tuesday, August 2nd 2011 - 15:41 UTC

Uruguay condemns statements denying Holocaust by Iran ambassador

Foreign Affairs minister Luis Almagro said Holocaust is “an undeniable historic event”

Uruguay has condemned statements denying the Holocaust made by Iran's ambassador in Montevideo Hojatollah Soltani


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