Investments

• Thursday, August 7th 2014 - 07:34 UTC

  Carnival Cruise Lines to build a 70m tourism port at La Tortue, in Haiti

  

  Haiti announced it has signed a multi-million dollar agreement with the US-based Carnival Cruise Lines to build a tourism port on the island of Latortue, north of the island. Prime Minister Laurent Lamothe said the 70 million dollars project will help improve the lives of the estimated 36,000 people residing in the area.

• Wednesday, August 6th 2014 - 08:18 UTC

  Israel disturbed with Mujica's use of 'genocide' to describe the situation in Gaza

  

  Israel is disappointed and concerned with Uruguayan president Jose Mujica statement that described the Israeli offensive in Gaza as’genocide’, pointed out Jerusalem's new ambassador to Montevideo, Nina Ben-Ami. “These are not words to be used by a friend; we're friendly countries going through a difficult moment”.

• Wednesday, August 6th 2014 - 00:12 UTC

  Paraguay sells 1 billion dollars in 30-year sovereign bonds

  

  Paraguay sold 1bn (one billion) dollars in 30-year bonds on Monday in New York, its second international debt issue in less than two years. President Horacio Cartes said in a statement that the issue's 6.1% yield is unprecedented for the country, and that the proceeds will be used for highway, building and energy infrastructure, as well as agricultural production.

• Tuesday, August 5th 2014 - 06:21 UTC

  IDB finances photovoltaic solar energy project for private sector in Uruguay

  

  The Inter-American Development Bank (IDB) has approved a 40.9 million dollars loan from its ordinary capital and 25 million from the Canada Climate Fund, which is administered by the Bank, to finance the private sector in Uruguay in the construction, operation and maintenance of a photovoltaic solar energy plant and its related facilities.

• Monday, August 4th 2014 - 06:55 UTC

  GeoPark has plans to drill 35 exploratory wells in Chilean Tierra del Fuego by end of 2014

  

  Oil and gas explorer GeoPark expects to end the year having drilled 35 wells in Chilean Magallanes and Tierra del Fuego, which must be added to the 560 million dollars the company has invested in the region since it began operations in 2006, said the company in an economic impact report presented by consultants Gemines.

• Thursday, July 31st 2014 - 22:19 UTC

  Falklands Chamber of Commerce re-elects Spink; forecast of busy 2015 propped by oil and squid

  

  Falkland Islands economy will keep growing and businesses will be busy next year spurred by the oil industry and better Illex catches, anticipated Falkland Islands Chamber of Commerce, FICOC, Roger Spink who was re-elected as head of the Board of Directors.

• Friday, July 25th 2014 - 06:26 UTC

  Uruguay oil and gas summit schedules for next November

  

  Global Summits Organizer IRN and Grupo BG de Eventos will be launching the inaugural Uruguay Oil & Gas 2014 Summit which will take place on 17th-18th November in the capital of Uruguay, Montevideo. This Summit follows the announcement of the third oil bidding round, the Ronda Uruguay III.

• Saturday, July 19th 2014 - 08:16 UTC

  China extends a 'financial' hand to dollar and credit strapped Argentina

  

  Argentina signed deals on Friday to borrow 7.5 billion dollars from China at a time when Buenos Aires cannot access global capital markets because of disputes over unpaid debt. Beijing also extended a three-year agreement for an 11bn swap operation between the central banks of Argentina and China.

• Saturday, July 19th 2014 - 07:11 UTC

  Embraer's 20-year market outlook: 6,250 new jets in 70 to 130-seat segment

  

  Brazil leading aircraft manufacturer and space research company, Embraer has released its Market Outlook 2014-2033 which details the company's forecast for deliveries of new 70 to 130-seat jet aircraft over the next twenty years. The report examines the main drivers contributing to air transport growth and reviews projected deliveries by world region.

• Saturday, July 19th 2014 - 06:50 UTC

  Italian chapter of holdouts tells Argentina it will continue to the last consequences

  

  The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep on pursuing its interests until the last consequences.