Friday, February 21st 2014 - 08:05 UTC

Uruguay lowers growth estimate for 2014 to 3% of GDP; inflation still a challenge

Minister Bergara is on a bandwagon tour of US to attract investments to Uruguay

Uruguay's GDP this year is expected to expand by 3%, below the original estimate of 4%, according to Economy minister Mario Bergara currently in the United States on a tour to promote investments in the country and who was interviewed by Bloomberg.

Friday, February 21st 2014 - 07:15 UTC

Chinese flair for France's second largest automobile group, PSA Peugeot-Citroen

China's Dongfeng Motors will invest about 800m Euros in return for 14% stake in the French company until now dominated by the Peugeot family

Struggling French carmaker PSA Peugeot Citroen has sealed a long-awaited rescue deal that will see its founding family cede control of the company. China's Dongfeng Motors and the French government will each invest about 800m Euros in return for 14% stakes. Another 1.4bn Euros will be raised from existing investors in Peugeot.

Wednesday, February 19th 2014 - 22:16 UTC

YPF signs agreement with Petronas for shale development in Vaca Muerta

YPF CEO  Galuccio has the job of making Argentina again self sufficient

Argentina's state oil company YPF announced this week that it had signed a memorandum of understanding (MOU) with a subsidiary of Malaysia's national oil company Petronas for unconventional oil and gas resources development in Argentine Patagonia.

Saturday, February 15th 2014 - 07:41 UTC

Lula da Silva tries to convince top US corporations and banks to invest in Brazil

The former leader was 'very positive' and 'confident' as well as 'quite convincing'

Former president Lula da Silva lobbied strongly on Thursday in New York trying to convince US investors to make business in Brazil during a conference to members of the American Society and Council of Americas, which organized the event.

Saturday, February 15th 2014 - 05:50 UTC

Spain's Repsol signs 1.2bn dollars financing deal with Venezuela's PDVSA

“Venezuela represents 10% of Repsol's total output”, said CEO Brufau

Repsol signed a financing deal Friday with Venezuelan state oil company PDVSA that calls for the Spanish energy major to invest 1.2 billion dollars to boost the output of the companies' Petroquiriquire joint venture.

Friday, February 14th 2014 - 21:22 UTC

Total to drill first exploratory well in Uruguay's shelf in October 2015

 Ancap President Coya, Uruguay is definitively in the oil world map

French oil giant Total will be drilling its first well in Uruguay's continental shelf in October 2015, announced the president of the country's oil and gas government owned company ANCAP. Jose Coya also revealed that the company he leads is working on the third Uruguay Round which will implement in the last quarter of next year.

Thursday, February 13th 2014 - 19:30 UTC

The Golden Age of Gas, Possibly: Interview with the IEA

IEA Executive Director Maria van der Hoeven: the potential for such a golden age certainly exists, but...

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way.

Thursday, February 13th 2014 - 03:11 UTC

YPF buys Houston based Apache's operations and assets in Argentina

YPF CEO Galuccio making the announcement

Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.

Tuesday, February 11th 2014 - 08:04 UTC

Jaguar Land Rover profits soar on sales of XJ and XF models and Range Rover

During 2013 JLR sold a record 425,006 saloons and sports utility vehicles

Profits at luxury car maker Jaguar Land Rover (JLR) more than doubled in the last three months of 2013. The UK company made profits of £842m, up from £404m for the same quarter in 2012, on revenues of £5.3bn.

Monday, February 10th 2014 - 03:23 UTC

Falkland Islands' Fortuna incorporates MSC ice-class longliner 'Tronio'

The 1.058-ton 'Tronio' has a holding capacity and state-of-the-art frozen at sea factory which means it can process in excess of 300.000 kilos

Fortuna Ltd, one of the Falkland Islands leading fishing companies announced the incorporation to their Falklands registered fleet of the 55-meter ice class longliner 'Tronio', specifically designed for ice fishing in Antarctica.


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