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MercoPress, en Español

Montevideo, April 22nd 2026 - 09:05 UTC

Investments

  • Thursday, April 16th 2015 - 08:57 UTC

    British team recovers U$S50m trove of silver coins from sunken ship south of St Helena

    The SS City of Cairo was torpedoed south of St Helena by a German U-boat and sank to 5,150m. The 100 tons of coins were recovered in the deepest salvage operation in history

    A British-led team has recovered a $50m trove of silver coins that has lain on the seabed since the steamship carrying them from Bombay to England was sunk in 1942. The SS City of Cairo was torpedoed 772km south of St Helena by a German U-boat and sank to 5,150m. The 100 tons of coins, recovered in the deepest salvage operation in history, belonged to HM Treasury.

  • Tuesday, April 14th 2015 - 11:49 UTC

    Falklands oil explorers replace costly drilling in the south-east basin

    The Eirik Rude semi-submersible platform is currently drilling a second well at Isobel Deep in the north Falkland basin

    Three oil explorers drilling in the Falkland Islands, including Houston based Noble Energy have shelved plans to drill a second well in the south and east Falklands following the steep drop in oil prices, one of the partners said on Monday. Partners, which also include London-listed Falkland Oil and Gas (FOGL) and Edison International, said they would continue drilling in other parts of the region.

  • Friday, April 10th 2015 - 07:14 UTC

    Cuba and US hold historic meeting at highest level in Panama

    Few details have emerged from the meeting between Kerry and Rodriguez. The last comparable event was in 1959, between Fidel Castro and Richard Nixon.

    US Secretary of State John Kerry and Cuban Foreign Minister Bruno Rodriguez have held talks, in the highest level meeting between the two countries in more than half a century. The two were involved in closed-door discussions after arriving in Panama for a summit.

  • Friday, April 10th 2015 - 05:26 UTC

    Fitch Ratings lowered Brazil's investment grade outlook to negative

    “Brazil's three-year growth average of only 1.5%, compared to the 'BBB' median of 3.2%, highlights the structural nature of the under-performance,”

    Fitch Ratings lowered Thursday the outlook on Brazil's investment grade BBB rating to negative, warning that government efforts to turn around the economy risked getting derailed. The Brazilian economy, the world's seventh-largest, stagnated with just 0.1% growth last year as the drag of rising inflation erased the effect of hosting the football World Cup in June and July and gearing up for the Rio Olympics next year.

  • Friday, April 10th 2015 - 03:09 UTC

    “UK has no doubt about sovereignty over the Falklands and Islanders right to decide their future”

    “We object strongly to recent statements by the Argentine president and the Argentine ambassador to London, and so summoned the ambassador to account for these”

    The UK Foreign Office summoned Argentine Ambassador Alicia Castro to object recent remarks regarding the Falkland Islands by President Cristina Fernandez and the diplomat based in London. An FCO spokesperson said that Britain has no doubt about its sovereignty over the Falkland Islands and surrounding maritime areas, nor about the Falkland Islanders' right to decide their own future.

  • Friday, April 10th 2015 - 03:06 UTC

    Uruguay considering extending length of oil exploration contracts

    “If we find oil, there is no possible scenario in which this could be profitable and be developed” said de Santa Ana, ANCAP exploration manager

    Uruguay is considering extending the length of its oil exploration contracts with foreign companies drilling in its waters in order to shore up investment at a time of plunging crude prices, it said on Wednesday. BP, BG Group, Total, a joint venture of Tullow Oil and Inpex, and a consortium of YPF, Royal Dutch Shell and Galp all have exploration agreements and have invested around $2 billion to date.

  • Friday, April 10th 2015 - 03:03 UTC

    Argentina ordered to pay 405m dollars to nationalized Suez water works

    The French group released a short statement indicating it accepted the judgment and expressing its hope that Argentina complies with the compensation order.

    The World Bank's International Centre for Settlement of Investment Disputes (ICSID) has ordered Argentina to pay 405 million dollars to French company Suez, who saw their contract for water and drainage provision cancelled in 2006. The service had been privatized in the nineties during the presidency of Carlos Menem.

  • Friday, April 10th 2015 - 00:44 UTC

    Cristina Fernandez will visit his close new friend Putin on April 22/23

    Putin made an official visit to the Buenos Aires in July 2014, during which time the two countries signed energy and cooperation deals

    Argentine President Cristina Fernández will be heading to Moscow in just under two weeks upon invitation from Russian President Vladimir Putin to mark 130 years of diplomatic relations between the two countries. The announcement of the president’s 22/23 April visit to Russia came amid news that she would also visit Pope Francis in the Vatican on June 7.

  • Friday, April 10th 2015 - 00:25 UTC

    Five Falklands' oil companies accused of violating Argentine law and UN resolutions

    CFK accused the companies of “carrying out hydrocarbon exploration activities on Argentina's continental shelf without obtaining the corresponding authorization”

    Argentina's government on Thursday formally accused five oil companies of conducting illegal exploration work off the British-ruled Falkland Islands, which Buenos Aires claims as its own. The companies are Britain's Rockhopper Exploration plc, Premier Oil plc and Falkland Oil and Gas Ltd; Houston-based Noble Energy Inc.; and Italy's Edison International SpA, Argentina's Foreign Ministry said in a statement.

  • Thursday, April 9th 2015 - 04:24 UTC

    Royal Dutch Shell buys BG Group for £47 Billion. Becomes main foreign oil producer in Brazil

    Ben van Beurden, CEO of Shell and Andrew Gould, Chairman of BG Group shake hands as Shell and BG their takeover deal at the London Stock Exchange

    Oil and gas company Shell has agreed to buy British rival BG Group for the equivalent of 70 billion dollars, making Europe's largest oil company the pre-eminent player in global natural gas and adding world-class fields in Brazil. The deal may signal a new wave of mega-mergers as the energy industry tries to adapt to lower prices.