Investments

• Tuesday, November 18th 2014 - 07:59 UTC

  German bondholders join the “me-too club” demanding payment of Argentine bonds

  

  Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

• Tuesday, November 18th 2014 - 06:12 UTC

  China and Brazil confirm closer trade and investment ties

  

  Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff in Australia on the sidelines of the G20 summit, calling for substantial progress in China-Brazil railway cooperation and further expanding trade and investment.

• Friday, November 14th 2014 - 07:27 UTC

  Falklands accepts Premier's 'realistic solution' to current world oil price environment

  

  The Falkland Islands Government said on Thursday it took notice of the announcement by Premier Oil of their revised proposal for commercial oil production in the Falkland Islands, which “it is considered represents a realistic solution to progress development in the current international oil price environment”.

• Wednesday, November 12th 2014 - 07:10 UTC

  World largest offshore drilling fleet admits slowdown in oversupplied rig market

  

  Transocean Ltd, the owner of the world's largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure due to slowdown in an oversupplied rig market.

• Wednesday, November 12th 2014 - 06:42 UTC

  Petrobras Argentina plans to invest 622m dollars to explore for shale gas

  

  The Argentine unit of Brazilian state-controlled oil giant Petrobras plans to invest 622 million dollars to explore for non-conventional natural gas in Neuquen, the Argentine government announced on Monday.

• Tuesday, November 11th 2014 - 07:25 UTC

  Griesa authorizes Citibank to pay restructured bonds under Argentine law

  

  New York District judge Thomas Griesa has authorized Citibank to complete the transfer of 85 million dollars to holders of restructured Argentine bonds under Argentine law, meeting debt services that expire on December 31.

• Monday, November 10th 2014 - 08:54 UTC

  Cable & Wireless acquires major Caribbean telecoms company

  

  Columbus International Inc., the fiber-based telecoms company which operates in the Caribbean as Flow, has been acquired by LIME parent company, Cable & Wireless Communications Plc. (CWC), in a 3bn dollars buyout deal announced last Friday.

• Sunday, November 9th 2014 - 10:35 UTC

  Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

  

  Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.

• Sunday, November 9th 2014 - 10:01 UTC

  Mexico's cancels contract to build a high-speed passenger train link

  

  Mexico has abruptly cancelled a 3.75bn dollars contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link. President Enrique Peña Nieto said he wanted to avoid “any doubts about the legitimacy and transparency” of the bidding process.

• Friday, November 7th 2014 - 23:08 UTC

  English court involved in Argentine bonds dispute with hedge funds

  

  A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law.