Investments

Investments
Wednesday, July 21st 2010 - 06:33 UTC

UK airline orders 35 Brazilian aircraft worth 1.3 billion USD

The first Embraer E175 will be delivered September 2011

British airline Flybe has struck a deal with Brazilian plane manufacturer Embraer to buy 35 aircraft worth 1.3 billion US dollars, as it drives expansion in continental Europe. The announcement was done Tuesday during the Farnborough Air Show in England.

Tuesday, July 20th 2010 - 05:40 UTC

Brazil announces massive airport investment in anticipation of 2014 World Cup

President Lula da Silva. “some people think we are a bunch of idiots”

The Brazilian government announced Monday investments equivalent to 3.2 billion US dollars to upgrade airports in anticipation of the 2014 World Soccer Cup, one of the most sensitive issues for the massive infrastructure needed to handle millions of visitors.

Monday, July 19th 2010 - 04:14 UTC

China promises Germany’s Merkel support for the Euro

Chinese Premier, Wen Jiabao and Angela Merkel

Chinese Premier, Wen Jiabao, has said that China will continue to invest in European markets, despite the debt problems affecting many Euro zone countries. He was speaking in Beijing alongside the German Chancellor, Angela Merkel. She described his pledge as an important signal that China has confidence in the Euro.

Monday, July 19th 2010 - 00:47 UTC

Latinamerica’s richest businessman digs for gold in Mexico

Carlos Slim, the man is worth at least 56 billion US dollars

Billionaire Carlos Slim, in the short list of world’s richest and number one in Latinamerica is digging for gold in Mexico, taking advantage of bullion prices that touched a record last month while awaiting a broader economic rebound.

Friday, July 16th 2010 - 15:56 UTC

Falklands’ oil exploration to continue with second Rockhopper drill

Falklands’ Director of Mineral Resources, Phyl Rendell ‘really pleased’ with the drilling program

Oil fortunes ebbed and flowed this week as one exploration company abandoned its well, another looked forward to a second bumper find, and a new player joined the race for black gold in Falklands’ waters.

Wednesday, July 14th 2010 - 01:59 UTC

Lula da Silva opens bid for a bullet train on time for the 2016 Summer Olympics

At least six countries have shown an interest in the 19 billion US dollars project

Brazilian President Lula da Silva launched Tuesday the bidding process for the construction of the high-speed rail service between the country’s two largest cities, Sao Paulo and Rio do Janeiro, which should be running by 2016 when Brazil hosts the Olympic Games.

Tuesday, July 13th 2010 - 21:31 UTC

Deepwater oil rig needed to drill in Falklands’ southern waters, confirms FOGL

FOGL confirmed it will press ahead with its Falklands’ drilling program

Falkland Oil and Gas (FOGL) will press ahead with its drilling program offshore the Falkland Islands despite reporting that its Toroa F61/5-1 exploration well was dry. However FOGL, which is associated with Anglo-Australian mining giant BHP Billiton, said it will work first towards contracting a deepwater rig.

Monday, July 12th 2010 - 21:45 UTC

Danes to invest in Latinamerica’s largest wind farm in northern Chile

The first phase is to make the farm capable of producing 120 megawatts of energy

The world's largest wind turbine company, Denmark’s Vestas, last week announced it will be investing in the Talinay Oriente wind farm project in northern Chile, a project it says will become Latin America's largest wind farm.

Friday, July 9th 2010 - 03:57 UTC

Fifth company, Argos plans to drill for oil off the Falkland Islands says FT

Dr John Hogan, Chief Executive Argos Resources

A fifth UK company plans to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing, reports the Financial Times. Argos Resources, which holds licences next to the landmark 250m-barrel Falklands’ oil discovery made by peer Rockhopper Exploration in May, hopes to achieve a £200m value on AIM.

Saturday, July 3rd 2010 - 22:43 UTC

Rockhopper confirms medium grade crude in North Falklands; FOGL to announce South Falklands results

Rockhopper Managing Director Sam Moody

Rockhopper Exploration one of the four companies operating with Falkland Islands government licences reported last Friday that samples from its recent discovery on the Sea Lion prospect in the North Falkland basin have been confirmed as medium grade crude.

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