Investments

Wednesday, November 5th 2014 - 07:20 UTC
Cuba is asking for 8 billion dollars in investment from private corporations

Cuba asked international companies on Monday to invest more than 8 billion dollars in the island as it attempts to kick-start a centrally planned economy starved for cash and hamstrung by inefficiency.
Wednesday, November 5th 2014 - 07:05 UTC
China rolling stock manufacturer to begin maintenance operations in Argentina

China’s rolling stock manufacturer China South Railway, CSR-Sifang will establish a presence in Argentina in a workshop currently ran by State-owned Trenes Argentinos Operadora Ferroviaria, Interior and Transport minister Florencio Randazzo announced on Tuesday.
Tuesday, November 4th 2014 - 05:05 UTC
Falklands have a per capita GDP “ten times higher than Argentina”

Argentina's financial daily, El Cronista Comercial has published two articles on the Falkland Islands based on data from the 2014 Statistical Yearbook stating that the Islands enjoy a GDP per capita several times higher than Argentina and that the economy has been expanding at 11% annually since 2008.
Friday, October 31st 2014 - 21:21 UTC
Argentina's holdout dispute spills into the White House: CFK sends letter to Obama questioning Ambassador Soderberg

In a harsh letter, released on Friday, Argentine President Cristina Fernandez urged US President Barack Obama to explain whether ”Nancy Soderberg, the person you have appointed as Chair of the Public Interest Declassification Board (PIDB), which reports directly to the Government of the United States of America, is also the Co-Chair of the American Task Force Argentina (ATFA), an entity specifically created to attack and slander the Argentine Republic and its President.”
Friday, October 31st 2014 - 07:51 UTC
Argentina approves new hydrocarbons bill to attract foreign investments

Argentina's lower house of Congress, which is controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticized by opposition lawmakers. The lower house passed the bill with a vote of 130-116 with one abstention after more than 14 hours of debate.
Friday, October 31st 2014 - 06:38 UTC
Korea's largest shipbuilder announces record losses worse to come

South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of 1.8 billion dollars and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders.
Friday, October 31st 2014 - 06:28 UTC
Petrobras consortium find high-quality oil at the Libra area, off Rio do Janeiro

The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure.
Wednesday, October 29th 2014 - 05:58 UTC
Chile's oil and gas corporation ENAP raised 600m dollars in 10-year bonds

Chile's oil and gas government company, Empresa Nacional de Petroleo (ENAP) returned to the US dollar market for the first time in almost three years, becoming the latest Chilean issuer to take advantage of a strong bid for high-quality Latin American corporates.
Thursday, October 23rd 2014 - 05:57 UTC
US Appeals court sends Argentina back to Judge Griesa on BONY's case

A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.
Thursday, October 23rd 2014 - 05:26 UTC
Jaguar-Land Rover begins production in China in joint venture with Chery

Tata group's Jaguar Land Rover established its first overseas manufacturing unit in China this week. The facility is the first joint venture between British auto maker Jaguar Land Rover and Chinese automotive company Chery Automobile Company Ltd.