Investments

• Monday, September 19th 2016 - 07:11 UTC

  Punta Arenas port increased docking space should be ready early 2017

  

  Works on the extension of the Prat dock in the port of Punta Arenas picked up this last week and should be ready for the beginning of next year, including two dolphins and six jackets, which should enable all cruise passengers to land directly.

• Sunday, September 18th 2016 - 06:52 UTC

  Argentina/UK statement on Falklands and dialogue ”promising”, but Congress decides

  

  The recent Argentina/UK joint cooperation statement, with a chapter on the Falklands/Malvinas Islands, is “promising”, however much rests to be defined and agreed, and additional air links should be carried out by Argentina's flag carrier, according to Rosana Bertone, governor of the extreme south province of Tierra del Fuego, Antarctica and South Atlantic Islands.

• Saturday, September 17th 2016 - 23:17 UTC

  US Justice Department demands US$14bn from Deutsche Bank for 2008 mortgages scam

  

  The US Department of Justice is asking Deutsche Bank to pay US$14bn to settle an investigation into mortgage-backed securities, the bank has said. However Deutsche Bank said it “has no intention to settle these potential civil claims anywhere near the figure cited.”

• Thursday, September 15th 2016 - 10:34 UTC

  Falklands' Sea Lion oil project break-even price reduced to US$ 45 a barrel

  

  Falkland Islands oil explorer Rockhopper Exploration Plc has confirmed cost cuts at its Sea Lion project, which will reduce the scheme´s break-even price to US$ 45 a barrel. Capital investment at Sea Lion to reach first oil is now estimated at US$ 1.5bn.

• Thursday, September 15th 2016 - 10:30 UTC

  Bayer and Monsanto confirm merger in a $66bnm mega-deal; activists ready to protest

  

  Seed and chemical giants Bayer and Monsanto said on Wednesday that they will merge to become one of the world’s biggest agriculture giants, a 66 billion-dollar mega-deal that could reshape the future of farming and enhance their influence over the planet’s food supply.

• Thursday, September 15th 2016 - 10:23 UTC

  “After 15 years we are open for business” in Argentina announces US Ex-Im bank

  

  The United States Export-Import Bank said it would begin offering financing in Argentina for the first time since the country's economic meltdown in 2001 and 2002. In previous decades the bank provided low-rate loans to support local investment, including the construction of one of the main highways leading into this city.

• Thursday, September 15th 2016 - 10:18 UTC

  Siemens pledges to invest US$ 5.6bn in energy and infrastructure in Argentina

  

  German industrial conglomerate Siemens AG signed a letter of intent on Wednesday to participate in up to US$5.6 billion of energy, transportation and infrastructure projects in Argentina, Chief Executive Joe Kaeser said.

• Thursday, September 15th 2016 - 09:57 UTC

  BP “really encouraged” by Argentina, interested in increasing investments

  

  British Petroleum is looking to increase its investments in Argentina after seeing “tremendous change” in the country since President Mauricio Macri took office nine months ago, CEO Bob Dudley said on “Bloomberg Markets” this week. Argentina just “feels different,” Dudley told Bloomberg's Erik Schatzker at the inaugural Argentina Business Investment Forum in Buenos Aires.

• Tuesday, September 13th 2016 - 19:56 UTC

  Brazil launches ambitious program to auction off oil, power and infrastructure concessions

  

  Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.

• Tuesday, September 13th 2016 - 19:51 UTC

  Macri announces top level meeting with UK to address ''all issues'', next week in New York

  

  Argentine president Mauricio Macri described as a “gesture” the attendance of Foreign Office minister Alan Duncan at the Business and Investment forum in Buenos Aires, and anticipated that UK and Argentina are preparing a bilateral meeting next week in New York on the sidelines of the annual UN general assembly to address all issues including Falklands/Malvinas.