Investments

• Tuesday, November 1st 2016 - 18:36 UTC

  Argentina invests heavily in major dry bulk and vegetable oils port terminal

  

  Bunge and Aceitera General Deheza S.A. (AGD) announced they will jointly invest US$100 million in Puerto General San Martin’s T6 industrial complex and port terminal. Puerto General San Martin is an inland port in Argentina that sits on the Paraná River.

• Saturday, October 29th 2016 - 10:07 UTC

  South Atlantic deep water seismic survey between YPF and Norway's Statoil

  

  Argentina's oil company YPF and Norway's Statoil have signed a cooperation agreement to further gather information on Argentina's offshore potential. The accord was signed in Oslo between YPF CEO Ricardo Darré and Statoil Exploration vice president Tim Dodson.

• Friday, October 28th 2016 - 14:28 UTC

  Falklands celebrating 30 years of the Fishery that transformed the Islands

  

  The Falklands Islands are recalling a milestone decision for the development and transformation of the economy of the country. On October 29, 1986 a Proclamation declaring the Interim Falklands Conservation and Management Zone was signed by Governor Gordon Jewkes. Director of Natural Resources, John Barton pointed out at a presentation on Wednesday evening to mark 30 years of Falkland Fisheries.

• Friday, October 28th 2016 - 12:23 UTC

  Renewable energy overtakes coal in electricity generation capacity; half a million solar panels installed every day

  

  The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.

• Thursday, October 27th 2016 - 04:21 UTC

  Reshuffle in the Tata Group; selection committee to look for a new CEO

  

  The board of Tata Sons, the holding company of the Tata Group, has unexpectedly replaced Cyrus Mistry as chairman. Ratan Tata has been named as interim chairman while a selection committee finds a permanent replacement.

• Thursday, October 27th 2016 - 04:13 UTC

  Chinese company moves to become a “global tourism business” as its citizens flock to travel overseas

  

  Chinese Conglomerate HNA said it paid US$6.5bn for the stake previously owned by Hilton's biggest shareholder Blackstone. Chinese companies have increasingly been investing in tourism-related businesses overseas as more Chinese citizens travel abroad.

• Thursday, October 27th 2016 - 03:29 UTC

  Lowering interest rates in Brazil will be “moderate and gradual”, says Central bank

  

  Inflation forecasts for the next couple of years point to limited room for monetary easing in Brazil, the central bank said on Tuesday, suggesting it is unlikely to accelerate the pace of interest rate cuts in its November policy meeting. In the minutes of its Oct. 19 meeting, in which it cut its benchmark Selic rate by 25 basis points to 14%, the bank also said it was worried about a recent pause in the slowdown of services price rises.

• Thursday, October 27th 2016 - 01:23 UTC

  Tierra del Fuego PC assembly industry at risk if import tariffs (35%) are lowered

  

  A new challenge for Tierra del Fuego province and its industrial promotion scheme: the Argentina government is planning to eliminate all tariffs on the import of computers and components beginning 2017, which is estimated could cost anywhere from 4.000 to 12.000 jobs.

• Tuesday, October 25th 2016 - 10:29 UTC

  Macri and Vazquez agree that the trade approach to China should be done from Mercosur

  

  Argentine president Mauricio Macri promised his Uruguayan peer Tabare Vazquez to look into the draft of a Uruguay/China free trade deal, and expressed their deep concern about political events in Venezuela suggesting that under the current circumstances the Nicolas Maduro government cannot be considered a member of Mercosur.

• Tuesday, October 25th 2016 - 09:07 UTC

  Petrobras and Total reach strategic alliance for upstream and downstream projects

  

  Brazil's Petrobras and France's Total oil companies announced on Monday a strategic alliance Monday for upstream and downstream projects as President Michel Temer pronounced Brazil's troubled economy reopened for business.