Investments

Investments
Friday, August 15th 2014 - 06:47 UTC

New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

The blue-chip swap rate went up and closed at 11.60 Pesos, while the stock exchange rate dropped to 12.54 Pesos

The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.

Friday, August 15th 2014 - 06:44 UTC

Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

“We are under the strong impression that inflation has stabilized at an annualized 40%” said lawmaker Sturzenegger

July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.

Friday, August 15th 2014 - 02:26 UTC

All phone calls inside Chile become local; Punta Arenas code area is 61

“We're advancing in our project of bringing together all Chileans. It's a strong connectivity step which benefits families and companies” said Gomez Lobo.

Chile has become a single territory for telecommunications and long distance calls with different rates for fixed lines will no longer exist beginning Saturday. This in practical terms will also means a 50% reduction on normal phone calls.

Friday, August 15th 2014 - 02:21 UTC

Last minute decision saved Marina Silva from travelling with Campos

Marina's conservationist advocacy has earned the wrath of Brazil’s agribusiness, but she also appeals to conservative voters with her defense of family values

Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.

Thursday, August 7th 2014 - 07:54 UTC

Egypt plans to build a new parallel Suez Canal to be completed in five years

The new channel also includes expansion of the Suez port shipping facilities, aims to raise Egypt's international profile and establish it as a major trade hub.

Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.

Thursday, August 7th 2014 - 07:34 UTC

Carnival Cruise Lines to build a 70m tourism port at La Tortue, in Haiti

“It is worth it to know that the money that you are spending while having fun is helping someone to get out of poverty”, said PM Lamothe

Haiti announced it has signed a multi-million dollar agreement with the US-based Carnival Cruise Lines to build a tourism port on the island of Latortue, north of the island. Prime Minister Laurent Lamothe said the 70 million dollars project will help improve the lives of the estimated 36,000 people residing in the area.

Wednesday, August 6th 2014 - 08:18 UTC

Israel disturbed with Mujica's use of 'genocide' to describe the situation in Gaza

“I believe the Uruguayan government is not correctly informed about events or has a different point of view on the issue”, said ambassador Nina Ben-Ami

Israel is disappointed and concerned with Uruguayan president Jose Mujica statement that described the Israeli offensive in Gaza as’genocide’, pointed out Jerusalem's new ambassador to Montevideo, Nina Ben-Ami. “These are not words to be used by a friend; we're friendly countries going through a difficult moment”.

Wednesday, August 6th 2014 - 00:12 UTC

Paraguay sells 1 billion dollars in 30-year sovereign bonds

“Demand was three times the issue offered” revealed Cartes, who also called on public opinion to ensure “funds are effectively used for what they are meant”

Paraguay sold 1bn (one billion) dollars in 30-year bonds on Monday in New York, its second international debt issue in less than two years. President Horacio Cartes said in a statement that the issue's 6.1% yield is unprecedented for the country, and that the proceeds will be used for highway, building and energy infrastructure, as well as agricultural production.

Tuesday, August 5th 2014 - 06:21 UTC

IDB finances photovoltaic solar energy project for private sector in Uruguay

With a total installed capacity of 64.8MW, the plant will be part of the La Jacinta Solar Energy Project located in northwest Uruguay

The Inter-American Development Bank (IDB) has approved a 40.9 million dollars loan from its ordinary capital and 25 million from the Canada Climate Fund, which is administered by the Bank, to finance the private sector in Uruguay in the construction, operation and maintenance of a photovoltaic solar energy plant and its related facilities.

Monday, August 4th 2014 - 06:55 UTC

GeoPark has plans to drill 35 exploratory wells in Chilean Tierra del Fuego by end of 2014

GeoPark Chile CEO Harambour said the company has created 183 direct jobs and 930 indirect

Oil and gas explorer GeoPark expects to end the year having drilled 35 wells in Chilean Magallanes and Tierra del Fuego, which must be added to the 560 million dollars the company has invested in the region since it began operations in 2006, said the company in an economic impact report presented by consultants Gemines.

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