Investments

• Monday, May 12th 2014 - 20:03 UTC

  Falklands' fisheries success story: 20 years of Consolidated and 10 of CFL Gambler

  

  Falkland Islands Consolidated Fisheries Ltd (CFL) celebrated its 20th anniversary as a company at a reception and banquet at Malvina House Hotel. It also celebrated the 10th anniversary of its vessel CFL Gambler’s blessing and highlighted the MSC certification of the toothfish fishery.

• Sunday, May 11th 2014 - 08:34 UTC

  Falklands discusses capital projects investments over the next five years

  

  Falkland Islands members of the Legislative Assembly made an open, public presentation, with feedback, to explain how approximately £61.1 million in available government funds might be divided between capital projects over the next five years.

• Thursday, May 8th 2014 - 04:57 UTC

  Repsol sells YPF stake for 1.25bn dollars to Morgan Stanley; keeps 0.5% share

  

  Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.

• Tuesday, May 6th 2014 - 21:29 UTC

  Uruguay to sign agreement with Brazil to boost the naval construction industry

  

  Uruguay and Brazil will be signing this month an agreement to promote the development of Uruguay's naval construction industry, which has been described as one of the fastest growing sectors of the economy, said Industry and Energy minister Roberto Kreimerman in Montevideo during the launching of a barge for the pulp industry.

• Saturday, May 3rd 2014 - 06:18 UTC

  Uruguay interested in joining negotiations to liberalize trade in services

  

  Uruguay has expressed an interest in actively participating in negotiations to liberalize trade in services in the framework of TISA, Trade in Services Agreement which recently held its seventh round of talks in Geneva.

• Friday, May 2nd 2014 - 10:00 UTC

  Uruguay confirmed a third pulp mill with construction beginning in 2017

  

  Uruguay has confirmed a third pulp mill to be built to the north east of the country in Cerro Largo, while the second one, Montes del Plata on the River Plate and recently finished is to be formally inaugurated sometime between May 15 and 25, although production will be delayed for a few months since the second wharf is unfinished and the effluents plant non commissioned.

• Friday, May 2nd 2014 - 09:51 UTC

  Petrobras concessions in Argentine Patagonia extended for ten years

  

  The Argentine unit of Brazilian state-controlled oil giant Petrobras has signed an agreement with the Patagonian province of Rio Negro that extends its three concessions in that region for 10 years. The new deal was inked after the company renegotiated its contractual conditions with the provincial government.

• Friday, May 2nd 2014 - 09:46 UTC

  Major dairy farming invester in Uruguay sells land to recoup losses

  

  NZ Farming Systems Uruguay, the dairy unit of Singapore-based Olam International in Uruguay, has sold some 7,771 hectares of farm land in Uruguay to local interests for about 53.7 million dollars in gross cash proceeds. The transactions would free up cash “for redeployment into more value-accretive projects,” Olam said in a statement.

• Friday, May 2nd 2014 - 09:27 UTC

  Uruguay's budget fiscal deficit climbs in March to its highest since October 2003

  

  Uruguay's fiscal deficit climbed to 3.2% of GDP during March, the highest since October 2003, --equivalent to 1.69 billion dollars--, but Economy minister Mario Bergara said that there is no risk for “the sustainability of public accounts or sustainability of current macroeconomic policies”.

• Friday, May 2nd 2014 - 09:11 UTC

  Brazil denies financing Uruguay's project of a deep-sea port on the Atlantic

  

  Brazil's economic and social bank, BNDES, denied it was intent in financing Uruguay's deep sea port on the Atlantic coast, as repeated sources in the Uruguayan government have indicated.