Investments

• Saturday, November 11th 2017 - 08:55 UTC

  YPF will relocate investment from natural gas to crude oil, because of changes in subsidies policy

  

  Argentina's state-run oil company YPF is “disappointed” by cuts to the government's natural gas production subsidies and will re-allocate investment toward crude oil production.

• Friday, November 10th 2017 - 17:59 UTC

  Trump doesn't blame China for its trade surpluses: “they work for the benefit of their citizens”

  

  President Donald Trump has said he does not blame China for the “unfair” trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China “credit” for working to benefit its citizens by taking advantage of the US.

• Wednesday, November 8th 2017 - 18:11 UTC

  Petrobras looking to sell its African oil exploration venture

  

  Brazil’s Petrobras on Tuesday revealed plans to sell its stake in an African oil exploration venture as part of a wider divestment plan. The state managed oil company is looking to sell its 50% stake in Petrobras Oil & Gas BV, or Petrobras Africa.

• Wednesday, November 8th 2017 - 07:35 UTC

  Finnish company sets out conditions for the building of a second pulp mill in Uruguay

  

  Finland's UPM and the Government of Uruguay have signed an investment agreement, which outlines the local prerequisites for a potential pulp mill investment. The agreement details the roles, commitments and time-line for both parties as well as the relevant items to be agreed prior to the final investment decision, reported the Finnish company in a release on Tuesday.

• Wednesday, November 8th 2017 - 05:17 UTC

  Nidera Seeds, which operates mostly in Latin America, sold to Syngenta

  

  Chinese grains trader COFCO International has agreed to sell its crop seeds business to Swiss-based Syngenta AG as it overhauls its activities following a series of major overseas acquisitions The deal to sell Nidera Seeds, which operates in Latin America, was announced by COFCO International and Syngenta in a statement on Monday.

• Wednesday, November 8th 2017 - 05:06 UTC

  Mexico strikes its biggest onshore oil discovery in 15 years; production should begin in 2019

  

  Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Peña Nieto announced. Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.

• Friday, November 3rd 2017 - 07:52 UTC

  EU support: Argentina sells 30-year Euro bond, first time in history

  

  Argentina finalized its foreign bond sale plan for 2017 on Thursday, selling 2.75 billion Euros in three bonds in an offering that was more than four times oversubscribed, the Finance Ministry said in a statement.

• Friday, November 3rd 2017 - 07:45 UTC

  Macri's ambitious infrastructure investment plan begins with 7.700kms of roads

  

  Argentina hopes to attract US$26.5 billion in infrastructure investments through 2022 in the form of public-public private partnerships (PPPs), government officials told a gathering of construction and finance executives this week.

• Wednesday, November 1st 2017 - 08:46 UTC

  Argentina unveils plan to slash corporate income taxes to promote investment

  

  Argentina plans to cut corporate income taxes to 25% by 2021 for companies that reinvest profits, it said on Tuesday, part of a wide-reaching tax reform bill intended to accelerate investment in Latin America's no.3 economy. The bill, which would slash taxes for companies willing to reinvest in Argentina from 35%, will be sent to Congress in the coming days, Treasury Minister Nicolas Dujovne said.

• Monday, October 30th 2017 - 11:02 UTC

  Brazil wants detailed investigation into Canada's aerospace industry “subsidies”

  

  Canada has urged the World Trade Organization to block attempts by Brazil to trigger a detailed investigation of its aerospace industry to buttress its case that subsidies to Bombardier caused “serious prejudice” to Brazil’s Embraer. The procedural move by Canada comes a month after the WTO agreed to set up a panel to investigate Brazil’s claim that Canada provided harmful aid to the CSeries jet.