Investments

Investments
Saturday, January 10th 2015 - 06:44 UTC

Argentina's comprehensive strategic (and vital) association with China

Cristina Fernandez toasting with President Xi Jinping last July when he visited Argentina as part of a Latin American tour

Argentina and China entered a new phase of their relationship in July last year after upgrading it to a “comprehensive strategic association” and signing a battery of agreements, which include a 4.7 billion investment in hydroelectric dams, 2.09 billion in the renovation of the rail system and an 11 billion currency swap.

Saturday, January 10th 2015 - 06:41 UTC

China pledges 250bn in investments and 500bn in bilateral trade with Latam

President Xi emphasized the positive signal to the world about deepening cooperation between China and Latin America

Chinese President Xi Jinping pledged on Thursday 250 billion dollars in investment in Latin America over the next five years as part of a drive to boost resource-hungry China’s influence in the region.

Saturday, January 10th 2015 - 06:22 UTC

Significance of China for Latam trade and investment underlined by Eclac

“It is vital for the region to forge closer strategic ties with China in order to attract more Chinese foreign direct investment”, said Ms Barcena

The importance of forging closer strategic ties between China and Latin America was underlined by Alicia Barcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), in her speech to the China-Community of Latin American and Caribbean two-day ministerial forum that took place in Beijing.

Saturday, January 3rd 2015 - 06:07 UTC

Panama Canal planning major transshipment port on the Pacific entrance

The new facility will increase inter-oceanic cargo traffic consolidating Panama’s position as an international logistics and maritime hub, said Quijano.

The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly.

Wednesday, December 31st 2014 - 05:18 UTC

Blackout for Paraguay's hydrocarbons hopes in Chaco drillings

Hydrocarbon flow testing has been hampered by mechanical failures due to poor hole conditions said chairman Peter Levine

President Energy slumped by as much as a third on Monday following an update on testing of the Silurian Santa Rosa and Devonian Icla reservoirs in the Lapacho well in Paraguay's Chaco. A test of Santa Rosa was cut short, although management reckons that it can be commercialized, and a test of Icla recovered only gas and no oil.

Wednesday, December 31st 2014 - 02:54 UTC

Russia's Gazprom takes 100% control of major international gas pipeline

Russian President Vladimir Putin announced the decision on Russia’s withdrawal from the project on December 1 while on visit to Turkey.

Russia’s gas giant Gazprom said in a release on Monday it had signed a deal with Eni, Wintershall and EDF on the purchase of 50% of shares in South Stream Transport BV. Thus, Gazprom will be a 100% owner of the company.

Wednesday, December 24th 2014 - 07:44 UTC

Foreign Ministers of Argentina, Chile sign additional protocols to Treaty of Maipu

Foreign ministers  Heraldo Muñoz and Hector Timerman signed new documents in proof of friendship never before seen between Argentina and Chile

Hector Timmerman, Heraldo Muñoz outline new phase in binational relationships. Transandean Train, Agua Negra and Las Leñas Paths to bring on significant progress.

Tuesday, December 23rd 2014 - 06:28 UTC

Groundbreaking of Chinese-backed Nicaragua Canal commences

The canal wiill have 172-mile (278-km) canal, due to be operational by around 2020,

Protesters, skepticism did not stop the administration of President Daniel Ortega. Project seeks to reshape country's poor economy,

Wednesday, December 17th 2014 - 12:59 UTC

Uruguay receives IDB credit to boost investment in renewable energies

A common sight in top hills of Uruguay, a display of wind turbines

As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.

Wednesday, December 17th 2014 - 07:27 UTC

YPF money helps Repsol by over Canadian Talisman

Argentina's Economy Minister Axel Kicillof negotiated the expropiation of YPF, which helped Repsol finance the takeover of Canada's Talisman.

The largest international deal by a Spanish company in the last five years, props up shares despite plummetting international oil prices.

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