Investments

Investments
Saturday, July 19th 2014 - 06:50 UTC

Italian chapter of holdouts tells Argentina it will continue to the last consequences

“Argentina must face it: the time has come for them at last to make whole the retail bondholders who it once targeted,” said Nicola Stock in the FT.

The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep on pursuing its interests until the last consequences.

Saturday, July 19th 2014 - 06:41 UTC

China confirms its interest in Brazil with credit and infrastructure projects

Presidents Xi and Rousseff seal the close relationship

China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.

Friday, July 18th 2014 - 08:53 UTC

Falklands enters oil production stage: contract awarded for designing tension leg platform

Prototype of TLP with over 30,000 tons of topsides for the 450-metres Sea Lion deep offshore location

International engineering and project management company, AMEC, will be the company responsible for designing Premier Oil’s tension leg platform (TLP) for the Sea Lion Development in the North Falklands Basin, 200 kilometers to the north of the Falkland Islands.

Friday, July 18th 2014 - 08:39 UTC

China offers 35bn fund to finance infrastructure projects in Latin America

Xi met with 11 Latin American and Caribbean leaders at the end of a three-day visit to Brazil before heading to Argentina

Chinese President Xi Jinping proposed Thursday to create a 20 billion dollars fund to finance infrastructure projects in Latin America and the Caribbean.

Thursday, July 17th 2014 - 07:27 UTC

BRICS development bank HQ in Shanghai and India will hold the presidency

“It is a sign of the times, which demand reform of the IMF” Rousseff told reporters at the close of the summit

The first president of the BRICS group New Development Bank will be from India and the position will rotate every five years among Brazil, Russia, India, China and South Africa, said a joint statement from the leaders said.

Wednesday, July 16th 2014 - 01:10 UTC

BRICS sign deal to create development bank and an emergency reserve fund

The family picture of the group’s leaders with host Dilma Rousseff

The leaders of the group of five BRICS emerging market countries signed on Tuesday a deal to create a new development bank and an emergency reserve fund, Brazil's President Dilma Rousseff announced at a summit of the group in the Brazilian city of Fortaleza.

Monday, July 14th 2014 - 23:03 UTC

Mexico rapidly overtaking Brazil as Latam's leading auto producer

Part of the success is being fueled by auto sales running at the fastest pace in almost eight years in the U.S.

Pacific Alliance member Mexico is poised to overtake Brazil, the leading economy in Mercosur, as the top Latin American auto producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output.

Monday, July 14th 2014 - 06:17 UTC

GM to manufacture aluminium engines in Argentina for local and export markets

Cabinet Chief Capitanich and Minister Giorgi with GM president Dan Ammann

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.

Monday, July 14th 2014 - 05:49 UTC

Russia interested in Argentina's shale deposits, says Cristina Fernandez

“A Russian delegation will travel to Vaca Muerta to visit one of the largest shale gas areas of the world” announced Cristina Fernández

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.

Monday, July 14th 2014 - 05:24 UTC

Russia offers to build (and finance) two new nuclear power plants in Argentina

“Rosatom is actively working here and has already handed over its technical and commercial offer to our (Argentine) colleagues,” said minister Novak

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.

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