Investments

Investments
Wednesday, October 15th 2014 - 08:36 UTC

Latin America with a huge deficit in infrastructure investment, says Eclac

In the last decade, the region has spent 2.7% of its GDP on infrastructure, a figure which shows “the region isn’t investing enough.”

Argentina should double its current investment in infrastructure and spend 6.2% of its Gross Domestic Product to satisfy its demands for the period 2012-2020, according to a report of the UN Economic Commission for Latin America and the Caribbean (ECLAC).

Tuesday, October 14th 2014 - 11:54 UTC

First BMW rolls out from Brazilian plant; annual production goal: 30.000

The first car to roll off the assembly line in Araquari is a 328i ActiveFlex. It is specifically designed for the flexible use of either ethanol or petrol

Germany's BMW Group celebrated last week the first car to be assembled in its new Brazilian automobile plant in Araquari, Santa Catarina State, where over the course of the next few years, more than 200 million Euros will be invested in the plant, resulting in a production capacity of more than 30,000 vehicles annually.

Saturday, October 11th 2014 - 06:06 UTC

Santos confirms he authorized FARC leader to attend peace talks in Cuba

Allegedly Londoño, or “Timochenko”, has gone to Havana several times on non-commercial flights from Venezuela

Colombian guerrilla leader Rodrigo Londoño has made secret government-authorized trips to Cuba several times in the last year to meet with his team of negotiators as part of peace talks to end 50 years of civil war, Colombian officials said.

Thursday, October 9th 2014 - 10:36 UTC

YPF goes overseas: signs agreement with Ecuador to recover mature fields

CEO Galuccio said the Petroamazonas project is part of YPF's strategy to diversify overseas and become a top league player in the region's oil industry

Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.

Tuesday, October 7th 2014 - 22:08 UTC

Enhancing safe navigation in polar waters

“It has taken considerable work and time to set up this system”, said Captain Leif Skog of Lindblad Expeditions, a long-time member of IAATO

The Association of Arctic Expedition Cruise Operators (AECO) and the International Association for Antarctica Tour Operators (IAATO), in cooperation with Lindblad Expeditions, have found a way for cruise operators to share years of depth soundings from the Arctic and Antarctica.

Tuesday, October 7th 2014 - 00:43 UTC

Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

“The Republic of Argentina will need to reverse entirely the steps which it has taken constituting the contempt of court”, underlined Griesa

US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.

Monday, October 6th 2014 - 07:33 UTC

Italian holdouts, following on Paul Singer, present demand against Argentina

More than 200 Italian holdout bondholders and one another that lives in the Bahamas are represented by the well-known law firm Duane Morries

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.

Monday, October 6th 2014 - 05:56 UTC

Dilma (40%) and Neves (34%) to the runoff; mathematically the opposition can win

Dilma faces a tough run off. The effectiveness of Lula da Silva at its utmost trial

Brazil's unpredictable election took another twist Sunday, with populist President Dilma Rousseff forced into a runoff race as expected, but against a center-right challenger who only surged in the final week of the campaign.

Saturday, October 4th 2014 - 10:38 UTC

Investors on edge waiting for the results of Sunday's voting in Brazil

The results on Sunday should be quick in coming since Brazil has implemented a network of electronic balloting with 507.000 voting machines

Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.

Friday, October 3rd 2014 - 07:47 UTC

Falklands approves 80 room portable hotel ahead of the coming oil drilling season

Hamish Wylie described the project as similar to the temporary hotels used at major events such as the Commonwealth Games or the Ryder Cup

The first sign of oil industry impact on the face of the Falkland Islands capital, Stanley is in the offing with the planning approval given for an 80 room portable hotel near The Trough.

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