Investments

Wednesday, January 6th 2016 - 11:57 UTC
Spanish company plans to buy four new shrimp vessels to operate in Argentina

Spanish vertically integrated seafood company Iberica de Congelados (Iberconsa) will invest up to €27 million in its Argentine and Namibian operations, the company's CEO announced. Following its private equity Portobello Capital majority stake acquisition in Iberconsa, the seafood company will carry out a “strong investment plan” to boost Argentina shrimp output and to enhance Namibia's plant capabilities in value-added production.
Wednesday, January 6th 2016 - 11:49 UTC
Emotional Obama calls on citizens to support gun control and defeat the rifle lobby: Republicans furious

An emotional President Barack Obama – at times teary, at others impassioned and angry – urged ordinary Americans on Tuesday to rise up and defeat the well-organized gun lobby in a struggle to cut the carnage of 30,000 killed by gunfire annually in the United States. He accused the gun lobby of holding Congress hostage but called for voters to fight back to so “they cannot hold America hostage.”
Monday, January 4th 2016 - 11:16 UTC
Agreement on contract for seafloor sulfide mining project off Papua New Guinea

The world's first seafloor massive sulfide mining project contract has been signed between Nautilus Minerals Inc, a mining company with headquarters in Canada and Tongling Nonferrous metals group, a state owned Chinese company.
Thursday, December 31st 2015 - 08:09 UTC
Chile's ENAP moves into power generation in association with Japan's Mitsui

Chilean state oil company ENAP announced the signing of an agreement with Japan's Mitsui & Co. for the development of two power generation projects with combined installed capacity of nearly 1,300 MW.
Wednesday, December 30th 2015 - 03:22 UTC
Major Spanish company in frozen fish industry, Iberconsa, sold to Portobello Capital

The Spanish manager of equity Portobello Capital has bought a majority stake in Iberconsa (Iberica de Congelados), the third company in the sector in Spain and the first one to capture and produce frozen hake on board.
Tuesday, December 29th 2015 - 08:23 UTC
JPMorgan-Chase describes Macri's Argentina as “a ray of sunshine” in the region

A growing number of foreign investors are signaling interest in Argentina following the pro-market turn that newly-inaugurated President Mauricio Macri started showing since taking office. The latest financial player to endorse the country as a promising investment destination was JP Morgan Chase, the largest bank in the United States, where current Finance Minister Alfonso Prat-Gay worked in the past.
Thursday, December 24th 2015 - 11:11 UTC
Capital-strapped Petrobras wants to extend oil and gas fields contracts

Brazil's state-run oil company Petrobras will have to agree to extract at least 900 million barrels more of oil and natural gas equivalent from its Marlim and Voador offshore oil fields to win early renewal of its concession rights, oil regulator ANP said.
Wednesday, December 23rd 2015 - 08:46 UTC
Despite falling oil prices, Brazil is developing the equatorial Barreirinhas basin

Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, has signed a contract with CGG to provide offshore agency support services for a new oil and gas exploration project in the Barreirinhas Basin in the equatorial margin of northern Brazil.
Wednesday, December 16th 2015 - 08:20 UTC
YPF and Dow sign US$500m agreement to further develop shale gas

Argentina announced on Tuesday an agreement between state-run oil company YPF and Dow Chemical to spend $500 million next year developing a natural gas project in the Patagonia region.
Monday, December 7th 2015 - 07:03 UTC
'A great number of US corporations will be reinvesting in Argentina', forecasts ambassador Mamet

United States ambassador to Argentina, Noah Mamet, in a lengthy interview with the La Nacion daily, praised the election of Mauricio Macri and figures of his cabinet and stressed that the US government was anxious to begin working together.