Investments
InvestmentsGM to manufacture aluminium engines in Argentina for local and export markets
General Motors plans to invest 740 million dollars through 2016 in Argentina to build a factory to turn out aluminium motors. The announcement comes as the Argentine auto industry saw a more than 20% drop in production in the first quarter compared to the record performance in the same period in a year earlier.
Russia interested in Argentina's shale deposits, says Cristina Fernandez
President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.
Russia offers to build (and finance) two new nuclear power plants in Argentina
Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.
New state of the art bulk terminal in port of Montevideo in support of Nueva Palmira
The Greek ship-owning Laskaridis family is investing in a new 100m dollars state-of-the-art grain and wood pellet terminal in Montevideo, Uruguay, adding to the already considerable Greek shipping presence in the country, reports London's Trade Winds.
CFK invites regional presidents to the official dinner for Russia's Putin
President Cristina Fernandez, CFK, invited her peers from Bolivia, Uruguay and Venezuela, Evo Morales, Jose Mujica and Nicolas Maduro respectively to participate in a special dinner after her meeting with the Russian head of state, Vladimir Putin on Saturday.
Falklands: Premier looking for a partner to develop the 5bn Sea Lion project
Premier Oil Plc newly appointed Chief Executive Officer Tony Durrant said that one of his priorities is to find a partner to share the 5bn dollar investment to develop the Sea Lion project off the Falkland Islands, because it does not want to become a 'pure Falkland Islands company in five years time'.
Falklands' Stanley airport prepares for oil and gas exploratory drilling
With increased exploratory drilling activity anticipated in the Falkland Islands next year, and Stanley airport expected to play a leading role, the Falklands government is investing in additional fire-fighting equipment to meet the needs of the helicopters servicing the rigs.
IDB loan to help Uruguay with mathematics and English learning at schools
The Inter-American Development Bank (IDB) has approved a 6 million dollars loan to Uruguay to finance the Plan Ceibal II (digital content), which will help to strengthen mathematics learning by 90,000 primary and middle school students and extend English teaching to half of all 4th, 5th and 6th graders in urban public primary schools.
Lagarde cautious about growth momentum; infrastructure investment needed
Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.
UK Europe minister expected in Gibraltar to witness first hand delays at border crossing to Spain
The Minister for Europe, David Lidington, will visit Gibraltar on Monday 30 June and Tuesday 1 July. The visit will enable the Minister to visit the Gibraltar-Spain border to witness first-hand the continuing delays at the crossing, to hold discussions with HM Government of Gibraltar, and to meet a wide range of the people of Gibraltar.
