Investments

• Friday, July 5th 2013 - 23:35 UTC

  Brazil’s growth refuses to take off, despite all of government incentives

  

  Brazil’s industrial output fell 2% in May after jumping a revised 1.9% in April, the national statistics agency announced this week in Rio de Janeiro. The fall was greater than forecasted but still was 1.4% above a year ago. However as the government or President Dilma Rousseff struggles to fight inflation, the latest data complicates the strategy to prop growth.

• Friday, July 5th 2013 - 06:58 UTC

  Falklands’ on-shore storage for construction of oil flow lines to develop Sea Lion project

  

  Bundled or reeled production flow lines could be constructed on-shore the Falkland Islands for Premier Oil, the UK independent company that is developing the Falklands Sea Lion project and expected to demand an investment of 5 billion dollars with first oil expected sometime in 2017.

• Friday, July 5th 2013 - 06:52 UTC

  Falklands assesses impact of hundreds of new jobs as it develops the oil and gas industry

  

  A more permanent integrated type of immigration for the Falkland Islands is a strong message that has come out of a consultation with Falklands residents, in the preparation for a socio-economic study of oil and gas development in the South Atlantic British Overseas Territory.

• Friday, July 5th 2013 - 03:45 UTC

  Argentina prepares to confiscate wheat stocks to ensure bread supply at ‘normal prices’

  

  Argentina Domestic Commerce Secretary, Guillermo Moreno has given mills and exporters until Friday to normalize the wheat market which has been under stress with bread prices doubling in the last month, and farmers’ complaining about the worst harvest in decades because of government policies.

• Friday, June 28th 2013 - 07:37 UTC

  Aditya Birla Group has the largest business turnover among Indian companies in Latin

  

  Aditya Birla Group is a late entrant to Latin America and came very much later than the Tatas and Reliance, the other big iconic Indian business groups. However Birla has made up for lost time by emerging as the Indian company with the largest annual business turnover in Latin America, which was around 1.8 billion dollars last year. Birla is also the largest investor from the Indian private sector in Latin America.

• Tuesday, June 25th 2013 - 18:28 UTC

  Piñera opens joint-largest wind-farm in the north of Chile

  

  President Sebastian Piñera inaugurated Chile’s joint-largest wind farm at an official ceremony. The 90MW Talinay East facility is owned by Italy’s Enel Green Power and features 45 Vestas V100 2MW turbines in the country’s central Coquimbo region, 400 kilometres north of Santiago.

• Tuesday, June 25th 2013 - 18:11 UTC

  Chile’s largest energy project left on hold because of electoral debate

  

  A controversial plan to power central Chile by damming Patagonian rivers is doable, the project's head said dismissing criticism from leading presidential candidate Michelle Bachelet that HidroAysen is not viable.

• Tuesday, June 18th 2013 - 07:20 UTC

  Thousands camp in the Peruvian Andes to protect a lake from major gold mining project

  

  Thousands of opponents of a 5 billion dollars gold project of Newmont Mining circled a lake high in the Andes, in Cajamarca province vowing to stop the company from eventually draining it to make way for Peru's most expensive mine.

• Saturday, June 15th 2013 - 02:39 UTC

  Duchess of Cambridge christened the new “Royal Princess” in Southampton

  

  Kate Middleton christened the new ‘Royal Princess’ cruise ship in a ceremony in Southampton. The Duchess officially named the ship as she stood on the naming platform with the ship's Captain Tony Draper. “I name this ship Royal Princess. May God bless her and all who sail in her,” Middleton said. She then cut the rob that sent a bottle of Moet & Chandon champagne crashing into the ship, officially welcoming the new ship into the fleet of Princess Cruises.

• Friday, June 14th 2013 - 08:20 UTC

  Nicaragua approves transoceanic canal to rival with Panama and to be built by Hong Kong company

  

  The Nicaraguan Congress has approved a proposal to have a canal built linking the Pacific and the Atlantic Oceans. A Hong Kong-based company has been granted a 50-year concession to build the waterway, which will rival the Panama Canal.