Investments

• Friday, March 14th 2014 - 09:00 UTC

  Farm land sales in Uruguay last year totaled a record 1.3bn dollars

  

  Farm land sales in Uruguay totaled a record 1.3bn dollars in 2013, involving 1.868 operations and 370.927 hectares, which is 10% more than in 2012, according to the Ministry of Agriculture, Livestock and Food ministry's Stats Office, DIEA. Uruguay's farmland covers approximately 17 million hectares and the most dynamic buyers are the pensions funds, says the report.

• Thursday, March 13th 2014 - 11:26 UTC

  Promising report on Argentine mining sector and contribution to the economy

  

  The Argentine mining sector is expected to invest 3.85 billion dollars this year, including 800 million as imports' substitutes, announced Planning minister Julio de Vido, who also revealed that in the last ten years the sector has invested over 11bn dollars and generates an activity equivalent to 3.2% of GDP.

• Thursday, March 13th 2014 - 05:52 UTC

  Falklands, trade, Mercosur/EU, oil and gas, in Swire's agenda in Uruguay

  

  Bilateral trade, Mercosur/EU talks, oil and gas cooperation, and Falkland Islands, plus some audacious comments on the coming World Cup match Uruguay/England, were some of the issues addressed by Foreign Office minister for Latin-American Hugo Swire during his one day visit to Uruguay on Wednesday.

• Tuesday, March 11th 2014 - 18:48 UTC

  Shale, the last oil and gas train: Interview with Arthur Berman

  

  How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market?

• Wednesday, March 5th 2014 - 04:52 UTC

  China buys majority stake in Nidera as part of its investment in food assets

  

  China's State-owned Chinese food giant Cofco Corp. on Friday announced it was buying a 51% stake in closely held grains trader Nidera NV. By investing in Dutch Nidera, Cofco--China's largest stated-owned grain trader-- would have greater control over pricing as well as better access to major grain-growing regions, such as Latin America and Russia.

• Saturday, March 1st 2014 - 05:12 UTC

  Uruguay approves IMF test, but inflation and the neighbors could bring surprises

  

  The International Monetary Fund lowered its forecast for economic growth in Uruguay this year to 3% from its previous estimate of 3.3%, the IMF's deputy managing director said on Friday in Montevideo. Naoyuki Shinohara told reporters that the revision is due to lower growth expected in Uruguay's neighbors Argentina and Brazil and lower prices for commodities and Uruguayan exports.

• Saturday, March 1st 2014 - 02:29 UTC

  Core-hole confirms conventional oil reservoir potential in north Uruguay

  

  Australia's Petrel Energy has confirmed the conventional oil reservoir potential of the San Gregorio and Cerrezuelo sandstones in Uruguay following detailed analysis of the Cardozo Chico core-hole samples. Petrel said that laboratory testing undertaken by Weatherford in Houston returned excellent permeability and porosity measurements.

• Saturday, March 1st 2014 - 02:24 UTC

  Euro-zone inflation stabilized at what central bank calls 'danger zone'

  

  Euro zone inflation stabilized in what the European Central Bank has called the “danger zone” in February, data showed on Friday, while unemployment remained stuck near record highs ahead of an ECB policy meeting next week.

• Wednesday, February 26th 2014 - 23:04 UTC

  Falklands/Malvinas: Argentina has “no conflict hypothesis” says Defense head

  

  Minister of Defense Agustín Rossi said Argentina has no “conflict hypothesis” regarding the Falklands/Malvinas Islands, strongly denying statements from a British newspaper which argued the UK was closely monitoring Argentina's investment in military procurement.

• Wednesday, February 26th 2014 - 07:03 UTC

  Britain's oil and gas industry faces 'biggest challenge in 50 years' because of low level of exploration

  

  Britain's oil and gas industry has warned it faces its “biggest challenge in 50 years” due to the low levels of exploration. Industry body Oil and Gas UK said only 15 wells were drilled last year. That was despite strong levels of investment, reaching a record last year and sustained this year.