Investments

Investments
Tuesday, August 30th 2011 - 03:53 UTC

Uruguay plan to regularize 676 shanty towns (200.000 people), most in Montevideo

Housing and Environment minister Graciela Muslera<br />
<br />

Uruguay announced it will invest 150 million dollars for the eradication of shanty towns, 90% of which are located in Montevideo, half of them in contaminated and flood-prone areas.

Tuesday, August 30th 2011 - 03:42 UTC

Business leaders and organized labour ignore Argentina’s official inflation index

Jose Ignacio de Mendiguren, head of the UIA “it is evident nobody takes into account the (Indec) percentage”<br />

Following the agreement which raised the Argentine minimum wage by 25%, equivalent to 549 dollars per month, business leaders and representatives from the labour unions admitted that when it comes to salaries negotiations the official inflation index from the government statistics office, Indec, “is not taken into account”.

Tuesday, August 30th 2011 - 03:39 UTC

Argentina expects another car production record next year: a million units

Anibal Borderes admits competitiveness is a challenge since 90% of all exports are shipped to Brazil <br />

The Argentine automobile industry will expand its production capacity to a million units annually by 2012 following on the expected record production of 840.000 this year boosted by domestic demand and exports to brazil, said Anibal Borderes president of the country’s Automobile Manufacturers Association, Adefa.

Monday, August 29th 2011 - 08:29 UTC

Brazil to regulate credit-rating agencies to help them improve quality of their analysis

Maria Helena Santana, president of CVM wants investors to be less risk agencies dependent

Brazil Securities and Exchange Commission, CVM, expects to have ready by the end of the year a regulatory framework for risk rating agencies with the purpose of improving the quality of their analysis, said Maria Helena Santana, president of CVM.

Friday, August 26th 2011 - 03:10 UTC

Delta decides to buy American and orders 100 Boeing 737 worth 8.5bn dollars

Deliveries of the 180-seat Boeing 737-900ER jets will begin in 2013

Delta Air Lines Inc. agreed to buy 100 Boeing Co. 737 single-aisle jets with a catalogue value of 8.5 billion dollars as the carrier postponed plans to buy another 100 smaller jets from Brazil’s Embraer SA or Canada’s Bombardier Inc.

Friday, August 26th 2011 - 03:08 UTC

Warren Buffett comes to the rescue of Bank of America

The Sage of Omaha impressed by the bank’s commitment to overcome challenges

US billionaire Warren Buffett's company Berkshire Hathaway has announced it is investing 5 billion dollars in Bank of America. News of the famous investor's move sent Bank of America's shares up by 25%, before moving back to 10% ahead.

Thursday, August 25th 2011 - 06:31 UTC

Mexican billionaire Slim boosts stakes in Saks and New York Times

The richest man in the world now owns 7.2% of NYT class A shares

Mexican billionaire Carlos Slim spent 8.8 million dollars to boost his stakes in Saks Inc. and New York Times adding to his biggest US holdings as the stock market slumped last week. Saks gained the most in almost a year.

Monday, August 22nd 2011 - 20:48 UTC

Argentina’s Falklands claim will not significantly impact oil commerciality, says UK leading bank

RBS analyst Phil Corbett assessing the political issues of exploring for oil in the Falklands

The commerciality of the Falkland Islands Rockhopper Exploration’s Sea Lion oilfield development shouldn’t be significantly impacted by logistical problems arising from Argentina’s claim over the sovereignty of the Islands, according to analysts at the Royal Bank of Scotland.

Monday, August 22nd 2011 - 20:32 UTC

Rockhopper spuds new assessment well in Falklands’ Sea Lion Main Complex

 The ‘Ocean Guardian’ begun drilling another well for Rockhopper

Monday morning Rockhopper Exploration announced the spudding of its latest exploration well, 14/10-7, to further test the Sea Lion oil discovery in Falkland Islands waters.

Monday, August 22nd 2011 - 07:53 UTC

Falklands’ government readies for a decision on a new deep sea port

FIPASS was set up by the British forces following the Falklands conflict

After a year without any obvious movement on the idea of a new deep sea port for the Falkland Islands it seems that the idea is alive and well and being pursued, quietly in the background. The estimates for such a project vary up to £ 50, £ 60 million.

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