Investments

Monday, November 4th 2013 - 00:30 UTC
IDB financing for private sector 90 MW wind farms in Uruguay

The Inter-American Development Bank (IDB) approved a private sector loan for up to 132.6 million to partially finance the construction of the Carapé I and II wind farms in Uruguay.
Monday, November 4th 2013 - 00:27 UTC
Shelving of Pascua-Lama mining project in the Andes conditions Barrick Gold

A massive public share offering from Barrick Gold Corp proved a tough sell, market sources said, as the price of gold dropped and investors digested news that the miner had shelved a key growth project
Sunday, November 3rd 2013 - 00:03 UTC
Brazil's golden boy files for bankruptcy; an example of overblown expectations?

Just a few year ago, flashy Brazilian billionaire Eike Batista was bragging that he would soon overpass Carlos Slim as the world's richest man. He even liked to show visitors his Mercedes-Benz McLaren parked right in the living room of his mansion. But his fall has been deep and fast.
Saturday, November 2nd 2013 - 15:41 UTC
“From the ”Labyrinth of Solitude“ to a ”Network of Partnerships”, the new story of Mexico

By R. Viswanathan (*) Octavio Paz, the celebrated Mexican writer who was Ambassador to India in the sixties, wrote in his book “The Labyrinth of Solitude“ that the ”Mexican is always remote from the world and other people”. This was his conclusion after an in-depth analysis of the character and identity of the Mexicans who have inherited a mix of Aztec and Mayan Indian traditions and European culture and have been influenced overwhelmingly by the culture of US.
Friday, November 1st 2013 - 21:29 UTC
Risks to public health from fracking for shale gas are low, says UK government

The risks to public health from fracking for shale gas are low, according to a new official report. Any problems publicized so far - such as in the US - are the result of operational failure or poor regulation according to a study, by Public Health England, an agency of the Department of Health, reviewed the latest research.
Friday, November 1st 2013 - 05:49 UTC
Falklands' electoral debate suggests alternative air-link and better facilities for tourism

An alternative north-south air-link and better facilities for tourism development surfaced at the Falkland Islands candidates debate ahead of 7 November General Election during the FIRS/Penguin News press conference earlier this week.
Thursday, October 31st 2013 - 06:35 UTC
IDB approves 300 million dollars loan for north Argentina road network

The Inter-American Development Bank (IDB) has approved a 300 million dollars loan to finance a multiple-work road program aimed at improving the conditions of accessibility, efficiency, and safety of priority roads of Argentina’s Norte Grande Region’s provincial road network and at contributing to the area’s sustainable economic development.
Thursday, October 31st 2013 - 04:05 UTC
Shell aggressively quickening offshore oil exploration pace in Uruguay

Oil exploration in Uruguay picked up strongly with the arrival of Anglo-Dutch Shell which took over Brazil's Petrobras participation in two offshore blocs according to the country's oil company Ancap Exploration and Production manager Hector de Santa Ana.
Wednesday, October 30th 2013 - 21:26 UTC
Cartes and Rousseff confirm Mercosur with inauguration of 500 KW power plant and transmission line

Paraguayan president Horacio Cartes and his peer from Brazil Dilma Rousseff inaugurated on Tuesday a 500KW power plant and line from the Itaipú hydroelectric dam to the city of Asunción which should help end endemic blackouts and supply a new industrial park.
Wednesday, October 30th 2013 - 07:13 UTC
Turkey opens railway tunnel linking the Asian and European continents

A railway tunnel underneath the Bosphorus Strait has been opened in Turkey, creating a new link between the Asian and European shores of Istanbul. The Marmaray tunnel is the world's first connecting two continents, and is designed to withstand earthquakes.