Investments

• Tuesday, July 19th 2016 - 06:40 UTC

  Uruguay could compete for another pulp mill, if it develops logistics infrastructure

  

  Finland´s UPM pulp conglomerate which already has a plant in Uruguay announced it will commence discussions with the Uruguayan government on the development of logistics infrastructure for a possible mounting of another mill. Discussions will include railroad and roads, which currently are a critical challenge to establish large scale industrial operation in the Uruguayan inland and to connect it to a deep sea port.

• Tuesday, July 19th 2016 - 05:40 UTC

  CEO denies plan to privatize Petrobras: 'Brazilian society not mature enough to discuss the issue'

  

  The Brazilian government has no plans to privatize state-run oil company Petrobras and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's Chief Executive Officer Pedro Parente said in an interview with a local newspaper published on Monday.

• Friday, July 15th 2016 - 06:57 UTC

  Bank of England leaves interest rates unchanged until it has the full picture

  

  Bank of England kept interest rates on hold and refrained from injecting more money into the British economy Thursday, despite some clear evidence of the initial economic damage caused by the country's decision last month to leave the European Union.

• Friday, July 15th 2016 - 06:35 UTC

  Oil company pledges US$ 1.4bn in investments in Argentine Patagonia

  

  Pan American Energy PAE, announced on Thursday investments of 1.4bn dollars in exploration and exploitation of conventional and non conventional hydrocarbons in the Argentine Patagonia provinces of Neuquen, Chubut and Tierra del Fuego.

• Friday, July 15th 2016 - 03:37 UTC

  'Falklands' future promising'', according to Latin American independent report

  

  ”The future of the Falkland Islands looks promising”, according to an independent investigation made by Eduardo Calderon, Daniel Haering and Andres Marroquin from the University Francisco Marroquin (UFM) and unveiled in Guatemala.

• Thursday, July 14th 2016 - 07:35 UTC

  Lula says a six-vote swing is needed to beat Rousseff's impeachment in August

  

  Brazil's suspended president Dilma Rousseff could still wriggle out of a looming impeachment vote, her ally and predecessor Lula da Silva said. Speaking with Radio Jornal, Brazil's most prominent leftist leader said Rousseff's case is not hopeless, despite months of mounting pressure on her to be removed from office.

• Thursday, July 14th 2016 - 07:30 UTC

  A third of commercial fish stocks fished at unsustainable levels, says FAO

  

  Global per capita fish consumption has risen to above 20 kilograms a year for the first time, thanks to stronger aquaculture supply and firm demand, record hauls for some key species and reduced wastage, according to a new FAO report.

• Wednesday, July 13th 2016 - 07:04 UTC

  Argentines hold at least 232.5bn dollars overseas, according to stats office Indec

  

  Argentines held 232.5 billion dollars overseas in 2015, almost 10bn dollars over the previous year, according to the latest report from the country's official Indec stats office. The report, “International Investment position” is a financial balance account of Argentina with the rest of the world and records the market value of Argentine residents external assets and liabilities.

• Wednesday, July 13th 2016 - 06:58 UTC

  G20 trade ministers Shanghai meeting question China's industries overcapacity

  

  In the face of a “worrying” rise in protectionism, trade ministers from the world’s major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China’s Commerce Minister Gao Hucheng announced at the closing of the Group of 20, G20, meeting in Shanghai.

• Wednesday, July 13th 2016 - 06:30 UTC

  HSBC 2012 money laundering was so great that if charged it could have led to 'a global financial disaster'

  

  United States officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a “global financial disaster”, a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil.