Investments

Wednesday, November 29th 2017 - 07:53 UTC
Scotiabank en route to becoming Chile's third largest private bank

Bank of Nova Scotia is pushing deeper into Latin America with a US$2.2-billion bid for control of a Chilean rival, looking to ignite its growth as the bank's fourth-quarter profit edged higher but missed expectations.
Tuesday, November 28th 2017 - 09:21 UTC
Total begins oil production in the giant Libra field in Brazil's pre-salt zone

The giant Libra field in Brazil’s pre-salt zone has started producing oil, French Total said on Monday without providing details about the production rate at the field.
Monday, November 27th 2017 - 18:02 UTC
Bayer takeover of Monsanto delayed 90 days by Brazil's antitrust agency Cade

Brazilian antitrust agency Cade extended its deadline to review the takeover of Monsanto Co by Bayer AG by 90 days to late March, potentially spoiling plans to wrap up the US$66 billion tie-up by the end of the year.
Monday, November 27th 2017 - 12:03 UTC
Canada's PentaNova Energy signs farm-in agreement with YPF in Neuquen basin

Canadian exploration and production company PentaNova Energy announced it signed a final farm-in agreement with Argentine energy company YPF for a further 11% stake in the Llancanelo oilfield, reports Buenos Aires media.
Monday, November 20th 2017 - 09:02 UTC
Macri on the right track but economy needs growth and investment

Following on his congressional midterm election win, president Mauricio Macri sealed a fiscal agreement with governors of nearly all Argentine provinces in a sign of his growing clout in upcoming negotiations to close the budget deficit, reform labor legislation and open up the economy. However there are some warnings and indicators to keep watch off, according to an orthodox economist.
Friday, November 17th 2017 - 08:03 UTC
Petrobras counts on pre-salt production to compete with a boom in US shale output

Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.
Thursday, November 16th 2017 - 19:09 UTC
Petrobras shares plunge after disappointing third quarter earnings

Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%
Thursday, November 16th 2017 - 15:15 UTC
Falklands announces new Legislative Assembly and portfolios assigned

The new Legislative Assembly of the Falkland Islands has been announced, following the General Election which concluded on Thursday 9th November.
Thursday, November 16th 2017 - 09:30 UTC
Argentina en route to becoming region's leading producer and exporter of “white petroleum” lithium

Argentina is disputing with Chile South America’s top producer of the mineral lithium, a key ingredient for the production of electric cars and its rechargeable batteries allowing them to retain energy far longer, and as a consequence its price has soared more than 30% to a record US$ 12.000 a ton this year.
Thursday, November 16th 2017 - 09:18 UTC
A woman deputy CEO of BATELCO, with telecoms interests in Falklands

Bahrain's leading telecom services operator Batelco Group has appointment Muna Al Hashemi as its new deputy chief executive officer. Having joined Batelco as a trainee graduate in 1994, Al Hashemi held several key roles in Batelco’s various divisions before being appointed as CEO of Batelco Bahrain in August 2015, said a statement from Batelco.