Investments

• Wednesday, April 30th 2014 - 09:22 UTC

  Argentina and Brazil agree to further integrate and prop their auto industries

  

  Argentina and Brazilian officials agreed to continue meeting regularly to solve as soon as possible bilateral trade problems mainly those referred to the auto industry. On Tuesday Argentine Finance minister Axel Kicillof and Industry minister Deborah Giorgi met their Brazilian counterparts, Guido Mantega and Mauro Borges in Brasilia.

• Friday, April 25th 2014 - 21:33 UTC

  British Virgin Islands received more FDI in 2013 than Brazil and India together

  

  The British Virgin Islands received more foreign direct investment last year than the major emerging economies of India and Brazil combined, a United Nations survey said on Tuesday. Brazil and India got 63 billion and 28 billion respectively.

• Friday, April 25th 2014 - 06:04 UTC

  After a long debate, Argentine Congress approves Repsol/YPF agreement terms

  

  After a 16-hour debate, Argentina's Lower House passed the law to pay Spanish Repsol 5 billion dollars in bonds to compensate for the 2012 seizure of a majority stake in Argentina's energy company YPF.

• Friday, April 25th 2014 - 05:36 UTC

  Latin America's fast growing decade is coming to an end, anticipates IMF report

  

  The IMF’s Regional Economic Outlook for the Western Hemisphere, released on Thursday in Lima, Peru, projects regional growth of 2½ percent in 2014, down from 2¾ percent in 2013. Weak investment and subdued demand for the region’s exports held back activity in 2013, as did increasingly binding supply bottlenecks in a number of economies. For 2015, the IMF projects a modest pickup, to 3%.

• Thursday, April 24th 2014 - 08:11 UTC

  Argentine and China reaffirm close trade and political links

  

  Argentine President Cristina Fernández received on Wednesday China’s Foreign Ministry Wang Yi and signed several trade agreements, including aerospace infrastructure at the Government House, Buenos Aires City. During the meeting, the president was accompanied by Cabinet Chief Jorge Capitanich, Economy Minister Axel Kicillof, Federal Planning Minister Carlos Julio De Vido and Foreign Minister Héctor Timerman, with whom Wang Yi had a previous meeting.

• Wednesday, April 16th 2014 - 04:42 UTC

  Nissan opens new complex in Brazil to turn out 200.000 cars and engines

  

  Japan Nissan's top executives travelled to Resende, Rio do Janeiro state on Tuesday to inaugurate a complex designed to turn out 200,000 vehicles and engines per year with the goal of capturing 5% of Brazil's new car market by 2016.

• Tuesday, April 15th 2014 - 06:39 UTC

  China buys cash one of Peru's largest copper mines operated by Glencore Xstrata

  

  Chinese consortium is buying Glencore Xstrata's copper mine in Peru in a 6bn dollars all-cash deal, marking one of China's largest mining acquisitions. The consortium is led by MMG Limited and includes China's Citic Metal.

• Tuesday, April 15th 2014 - 04:01 UTC

  White House confirms Uruguay's Mujica will meet President Obama on 12 May

  

  The White House confirmed on Monday that President Obama will host his Uruguayan peer Jose Mujica on May 12, highlighting the close partnership with Uruguay and strong leadership of Mujica's administration on human rights, social inclusion and global peace and security.

• Saturday, April 12th 2014 - 08:45 UTC

  Oil race fuels new Falklands chapter

  

  The following article from the Sydney Morning Herald was written by Chris Zappone, who recently visited the Falkland Islands as a guest of the local government and the Foreign Office.The Falkland Islands are not an easy place to reach. Flights come only weekly. Cruise ships making the trip brave frigid seas, freezing nights and recently, harassment from Argentine dockworkers.

• Friday, April 11th 2014 - 08:19 UTC

  Chevron and YPF unveil plans to invest another 1.6bn in Vaca Muerta shale

  

  US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another 1.6 billion dollars to develop Argentina's Vaca Muerta shale formation for oil and gas projects. The investment comes on top of 1.2 billion Chevron agreed to spend last year for a shale pilot project.