Investments
InvestmentsFalklands’ new port facility sea bed survey to be completed by early June
A deployable core drill rig is taking samples of the sea bed and rock structure for the likely locations of a future deep-sea port for the Falkland Islands in Port William, reports the Penguin News.
India/Mexico bilateral trade expected to reach 15bn dollars by 2015
By R. Viswanathan - Yes… steady is the word to describe the growth of India's trade with Mexico, the second largest market of Latin America. The bilateral trade reached 6.29 billion dollars in 2012 from 4.15bn in 2011, 2.9bn in 2008 and 1.03bn in 2003.
Uruguay will go ahead with the re-gasification plant “with or without Argentina”
President Jose Mujica confirmed that the project for the construction of a liquid gas re-gasification plant in the River Plate coast, originally planned with Argentina, “will go ahead with of without the Argentine government”.
Sao Paulo will host 1.500 political and business leaders from Germany and Brazil
Germany is keen to boost its already substantial investment in Brazil ahead of the 2014 World Cup and the 2016 Rio summer Olympics, the new president of the Brazil-Germany Chamber of Commerce said.
YPF and US based DOW sign memorandum to develop shale gas in Patagonia
Argentina’s nationalized energy company YPF on Tuesday signed a memorandum of understanding with the local subsidiary of the US Dow Chemical to develop the shale gas deposits in the southern Nequen province.
March-bonus for 7 million low income Chileans, handout in presidential election year
Chilean president Sebastian Piñera signed this week a bill which grants a special ‘March-bonus’ to low-income families and is extensive to seven million people. Each beneficiary will receive the equivalent of 85 dollars which will represent for the Treasury an outlay of 208 million dollars.
Argentina’s tax office targets main grain exporters; demands 951 million dollars in alleged arrears
Cargill Inc. and Bunge Ltd. are among grain exporters that allegedly owe the Argentine government 951 million dollars in taxes and won’t be eligible for a reduced interest rate under a payment plan unveiled by the government this week.
Setback in New York court for Argentina’s strategy in its battle with bond holdouts
A US court in New York on Tuesday rejected Argentina's request for a full-court rehearing of an appeal it lodged as it struggles to shake off holders of 1.3 billion dollars in defaulted bonds.
BRICS summit to discuss creation of development bank with 50bn initial capital
Brazilian President Dilma Rousseff will attend this week's BRICS summit of five emerging powers hosted by South Africa to discuss creation of their own development bank, the Planalto office announced.
Brazilian supermarkets will not sell meat from cattle raised in Amazon rainforest
The main group representing supermarkets in Brazil says it will no longer sell meat from cattle raised in the rainforest. The Brazilian Association of Supermarkets, which has 2,800 members, hopes the deal will cut down on the illegal use of rainforest for pasture.
