Investments

Investments
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.

Thursday, October 28th 2010 - 05:32 UTC

LAN profits soar and plans to invest 7.7 billion USD to double its fleet

The Chilean flag carrier is the leading Latinamerican airline

LAN Airlines which this week reported a doubling of third-quarter profit plans to invest 7.72 billion US dollars through 2018 to more than double its fleet as Latin American passenger and cargo traffic recovers.

Thursday, October 28th 2010 - 05:09 UTC

Falklands’ Desire shares soar amid speculation of bid approach

Desire drilling another well on its Rachel prospect

Shares in Falkland Islands exploration company Desire Petroleum (DES.L) more than doubled on Wednesday following internet bulletin board speculation of a bid approach for the Falklands focused explorer and an oil find, traders said.

Thursday, October 28th 2010 - 05:01 UTC

LAN Airlines completes acquisition of second largest operator in Colombia

Aires founded in 1980 has a 22% of Colombia’s domestic market

Chile’s flag carrier, LAN Airlines announced Wednesday an agreement to acquire 98.942% of the outstanding shares of Colombian airline AIRES, through the purchase of its parent entities.

Saturday, October 23rd 2010 - 03:29 UTC

Russia Gazprom joins France’s Total in Bolivian gas joint venture

Bolivia has the third largest natural gas reserves in Latam

Russian energy company Gazprom has plans to take a 20% stake in natural gas projects in Bolivia, the gas monopoly said. Gazprom said it could take the stake under the terms of a September deal with French energy company Total for the Ipati and Aquio gas blocks in Bolivia.

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