Investments

Investments
Sunday, May 24th 2015 - 08:13 UTC

Obama and Putin congratulate Cristina Fernandez and Argentina on 25 May, National Day

Cristina Fernandez at the launching of the May Week celebrations

US President Barack Obama and his Russian counterpart, Vladimir Putin, have sent letters to President Cristina Fernández to salute the head of state and congratulate the Argentine people on the anniversary of the May Revolution.

Saturday, May 23rd 2015 - 10:27 UTC

China and Peru agree to study feasibility of transcontinental railroad

Premier Li Keqiang meets President Ollanta Humala after arriving in Lima

China and Peru have agreed to study the feasibility of a controversial 5,300 km transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.

Friday, May 22nd 2015 - 08:52 UTC

PM Li Keqiang in Bogotá: China and Colombia considering free trade accord

President Santos received PM Li at the Nariño Palace for a first round of talks and signed deals providing scholarships for 200 Colombians to study in China

Chinese Premier Li Keqiang vowed to deepen economic ties with Colombia after arriving to Bogotá on Thursday, as part of his four-nation South American tour aimed at boosting trade and investment. Li is the highest-ranking Chinese official to visit Colombia since the two nations established diplomatic ties 35 years ago and his visit was hailed as historic by President Juan Manuel Santos.

Wednesday, May 20th 2015 - 05:44 UTC

Beijing to the rescue of sliding Brazil: 53bn dollars in trade, finance and investment

Li and Rousseff announced the Industrial and Commercial Bank of China, will set up a 50bn fund with Caixa Econômica Federal, for infrastructure projects

Beijing has come to the rescue of Brazil's slumping economy with trade, finance and investment deals worth at least 53 billion dollars in energy, mining, aviation and upgrading of dilapidated infrastructure.

Tuesday, May 19th 2015 - 07:33 UTC

Chinese PM in Brasilia; Beijing prepared to invest 100bn in transport and energy

PM Li Keqiang will be meeting with President Rousseff Tuesday in Brasilia and sign a raft of agreements before flying to Rio do Janeiro  (Pic Xinhua)

China's Premier Li Keqiang arrived in Brasilia on Monday to sign agreements on infrastructure, energy and aviation that experts say could reach 100 billion dollars. The South American tour also includes Colombia, Peru and Chile and aims to restructure China's resource-driven trade with Latin American countries by including more value-added products.

Monday, May 18th 2015 - 05:03 UTC

Falklands' Borders & Southern releases encouraging technical update of Darwin gas/condensate discovery

B&S explorer now estimates the combined Darwin East and Darwin discovery contains 360mln barrels of recoverable gas condensate.

Borders & Southern has issued a technical update on its Darwin gas/condensate discovery south of the Falkland Islands and near-field prospectivity. The goal was to improve understanding of the Darwin reservoir interval, both within and surrounding the discovery and also its projected facies trend along the Aptian shelf

Saturday, May 16th 2015 - 07:46 UTC

Levy tries to convince investors in London that Brazil slowdown is temporary

Levy reiterated that the government is sticking to its primary surplus target of 1.2% of GDP, something the IMF said is crucial to regain investors’ confidence.

Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.

Friday, May 15th 2015 - 07:38 UTC

The project of a trans-continental railway, Atlantic to Pacific, with Chinese funds

The 10bn dollar mega project is expected to be formalized during a four-country Latin American tour by Chinese Premier Li Keqiang

Peru, Brazil and China are moving forward on a transcontinental railway that will cut across the continent, climb the Andes and connect port cities in the Pacific and Atlantic coasts.

Friday, May 15th 2015 - 04:41 UTC

Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

The discovery is located in the Stabroek Block off a border region that is claimed by Venezuela in a territorial controversy dating back over a century

Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.

Thursday, May 14th 2015 - 00:56 UTC

Falklands debates bringing contract workers for maintenance of roads system

MLA Short acknowledged that the MPA Road had deteriorated badly, but he said grading had been ongoing, and it won't necessarily be sufficient

Bringing contract workers in to ensure enough staff to maintain the Falkland Islands' roads ready for the start of the season in the spring, if not earlier is MLA Gavin Short’s wish.

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