MercoPress, en Español

Montevideo, June 24th 2017 - 20:33 UTC

Investments

  • Saturday, March 25th 2017 - 09:29 UTC

    Argentina closer to energy self sufficiency: US$ 2.3bn investment in Vaca Muerta shale fields

    Tecpetrol will aim to produce an average 14 million cubic meters of shale gas per day by 2019, which is half the volume of gas Argentina currently imports

    Argentina's Tecpetrol, part of the Techint Group, said on Thursday it would invest US$2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from President Mauricio Macri's government, including a deal with labor unions earlier this year and a definition of price supports this month.

  • Wednesday, March 22nd 2017 - 09:12 UTC

    FIH considers acquisition approach from an Argentine fund as “unwelcome”

    FIH Group independent Directors said such a deal “unwelcome” and “seriously threatens to undermine the FIC business and the interests of its employees”.

    The much publicized and controversial bid from an Argentine group to acquire a leading position in the Falkland Islands Holdings, which owns the Falkland Islands Company, closely linked to the Islands' history and economy, has been considered “a real hazard” by FIH directors.

  • Saturday, March 18th 2017 - 10:09 UTC

    UK hosts this week Argentine biggest business delegation in 20 years

    Sersale di Cerisano said that currently bilateral trade stands at US$ 1.3 billion, but he is confident that this can be significantly increased

    Finance minister Nicolas Dujovne will be heading this week the largest Argentine business delegation to visit the UK in twenty years, jointly organized by the Argentine-British Chamber of Commerce with support from the Argentine foreign ministry and the embassy in London.

  • Friday, March 17th 2017 - 22:02 UTC

    Trade and protectionism in the G20 Brazil/US ministerial agenda

    “Brazil actually has experience of closing down its economy,” Meirelles said. Productivity came down and the bottom line was less growth, more inflation.

    Brazil's finance minister has said that he is ready to listen to the U.S. policies on trade at this weekend's G-20 meeting but speaks from experience when he says he believes a free economy is better for everyone. “Brazil actually has experience of closing down its economy,” Henrique Meirelles said on Thursday.

  • Friday, March 17th 2017 - 07:26 UTC

    Brazil awards European groups 30 year concession of four airports

    “We have won back international credibility,” Temer said on Twitter, celebrating “success in the airport auction.”

    Brazil awarded three European groups on Thursday the rights to operate four airports, drawing nearly double the minimum bids at an auction that underscored investors' appetite for a new wave of privatizations under President Michel Temer. German airport operator Fraport AG, French group Vinci SA and Zurich Airport bid a combined 1.46 billion reais (US$470 million) for the rights to run airports in Porto Alegre, Salvador, Fortaleza and Florianopolis.

  • Tuesday, March 14th 2017 - 06:26 UTC

    Falklands denies any commitment to reduce oil royalty has been entered

    Luxton said “FIG does not intend to embark on negotiating fiscal policy through the media” and confirmed no commitment to reduce royalty had been entered

    The Falkland Islands government announced on Monday that it is currently in discussion with Premier Oil on a wide range of issues with the objective of progressing the Sea Lion development towards a successful project sanction.

  • Thursday, March 9th 2017 - 13:55 UTC

    Temer launches 55 infrastructure projects to boost private investment and create 200.000 jobs

    “We are leaving behind a deep recession and entering in a phase of prosperity where private investment will be decisive,” said the president

    Brazil's President Michel Temer launched an infrastructure concessions program on Tuesday that he said should raise 45 billion Reais (US$14.43 billion) in investment in building and operating roads, port terminals, railways and power transmission lines. Temer said the program was key to restoring an attractive business environment as Brazil struggles to emerge from its worst-ever recession.

  • Wednesday, March 1st 2017 - 21:11 UTC

    Aquazul: a giant squid sausage with more protein and less fat rich in Omega-3

    Under the name Aquazul, this competitive product in quality and price in premium line sausages is ideal for people with a special diet for children and gourmet market.

    A new unique food product was created by scientists at the Center for Research in Food and Development (CIAD) of Mexico: a protein-rich squid sausage and omega 3, which has up to 70% less fat, in addition to natural dyes and preservatives.

  • Wednesday, March 1st 2017 - 17:41 UTC

    Colombia cancels construction contracts with Odebrechet

    Colombia’s prosecution office reported there is evidence to suggest Odebrecht paid bribes: allegedly it handed US$6.5 million to a former transportation vice minister

    The Colombian National Infrastructure Agency (ANI) has cancelled a US$1.89 billion highway construction contract with Odebrecht. The Brazilian contractor is the majority partner in a consortium that won the 25-year public private partnership (PPP) contract in 2010.

  • Tuesday, February 28th 2017 - 18:18 UTC

    Brazil manufacturers set up “maquila” assembly plants in neighboring Paraguay

    Dark-blue electric scooters assembled by 20 workers at the Estrela factory, known as a “maquila”, will be shipped across the Paraguay border to Brazil

    When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank US$ 2 million into a new factory not in its native Brazil - the region's largest economy - but in its tiny southern neighbor Paraguay. The plant, which opened this month in the border town of Hernandarias, stands near a 4,500-hectare industrial park filled with Brazilian companies making everything from auto parts to clothing.