Investments

Wednesday, July 16th 2014 - 01:10 UTC
BRICS sign deal to create development bank and an emergency reserve fund

The leaders of the group of five BRICS emerging market countries signed on Tuesday a deal to create a new development bank and an emergency reserve fund, Brazil's President Dilma Rousseff announced at a summit of the group in the Brazilian city of Fortaleza.
Monday, July 14th 2014 - 23:03 UTC
Mexico rapidly overtaking Brazil as Latam's leading auto producer

Pacific Alliance member Mexico is poised to overtake Brazil, the leading economy in Mercosur, as the top Latin American auto producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output.
Monday, July 14th 2014 - 06:17 UTC
GM to manufacture aluminium engines in Argentina for local and export markets

General Motors plans to invest 740 million dollars through 2016 in Argentina to build a factory to turn out aluminium motors. The announcement comes as the Argentine auto industry saw a more than 20% drop in production in the first quarter compared to the record performance in the same period in a year earlier.
Monday, July 14th 2014 - 05:49 UTC
Russia interested in Argentina's shale deposits, says Cristina Fernandez

President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.
Monday, July 14th 2014 - 05:24 UTC
Russia offers to build (and finance) two new nuclear power plants in Argentina

Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.
Saturday, July 12th 2014 - 11:45 UTC
New state of the art bulk terminal in port of Montevideo in support of Nueva Palmira

The Greek ship-owning Laskaridis family is investing in a new 100m dollars state-of-the-art grain and wood pellet terminal in Montevideo, Uruguay, adding to the already considerable Greek shipping presence in the country, reports London's Trade Winds.
Saturday, July 12th 2014 - 10:13 UTC
CFK invites regional presidents to the official dinner for Russia's Putin

President Cristina Fernandez, CFK, invited her peers from Bolivia, Uruguay and Venezuela, Evo Morales, Jose Mujica and Nicolas Maduro respectively to participate in a special dinner after her meeting with the Russian head of state, Vladimir Putin on Saturday.
Friday, July 11th 2014 - 22:28 UTC
Falklands: Premier looking for a partner to develop the 5bn Sea Lion project

Premier Oil Plc newly appointed Chief Executive Officer Tony Durrant said that one of his priorities is to find a partner to share the 5bn dollar investment to develop the Sea Lion project off the Falkland Islands, because it does not want to become a 'pure Falkland Islands company in five years time'.
Tuesday, July 8th 2014 - 07:49 UTC
Falklands' Stanley airport prepares for oil and gas exploratory drilling

With increased exploratory drilling activity anticipated in the Falkland Islands next year, and Stanley airport expected to play a leading role, the Falklands government is investing in additional fire-fighting equipment to meet the needs of the helicopters servicing the rigs.
Tuesday, July 8th 2014 - 00:08 UTC
IDB loan to help Uruguay with mathematics and English learning at schools

The Inter-American Development Bank (IDB) has approved a 6 million dollars loan to Uruguay to finance the Plan Ceibal II (digital content), which will help to strengthen mathematics learning by 90,000 primary and middle school students and extend English teaching to half of all 4th, 5th and 6th graders in urban public primary schools.