Investments

Friday, September 5th 2008 - 21:00 UTC
Aerolineas costing Argentina 1 million USD daily to operate

The Argentine Congress authorized this week the purchase of the country's air flag carrier Aerolineas Argentinas and subsidiary Austral which are under the control of Spanish tourism group Marsans. But the process is far from over and operational debts keep mounting.
Thursday, September 4th 2008 - 21:00 UTC
Falklands: Oil companies head for Stanley next May

THE next joint oil operators' meeting to be held in the Falklands is scheduled for the first week of May 2009.
Thursday, September 4th 2008 - 21:00 UTC
Brazilian group reopens Fray Bentos corned beef plant

The Brazilian group Mafrig has announced that it will begin production of cooked beef for the British market at the old Anglo abattoir in Uruguay, which for decades was the leading beef exporter to the United Kingdom.
Wednesday, September 3rd 2008 - 21:00 UTC
China's leading soft drink maker moves into juice market

Coca Cola the world's largest beverage maker is to buy China's main fruit juice company for 2.4 billion US dollars, the biggest foreign acquisition of a Chinese company. The offer is three times the market value.
Tuesday, September 2nd 2008 - 21:00 UTC
London museum buys Rolling Stones iconic tongue logo

The original artwork for The Rolling Stones' iconic lips and tongue symbol has been bought by London's Victoria and Albert Museum.
Thursday, August 14th 2008 - 21:00 UTC
Farming Systems Uruguay posts $US1.6 m profit

New Zealand Farming Systems Uruguay today posted a net after tax profit of $US1.6 million ($NZ2.3m) for the year to June 30, boosted by earnings of $US8m from milk sales, at record prices of about US40c a litre.
Wednesday, August 13th 2008 - 21:00 UTC
Brazilian mining giant orders 12 largest class ore carriers

Brazilian iron ore miner Vale has ordered a dozen of the largest class of ore carriers from a Chinese shipbuilder for 1.6 billion US dollars, aiming to boost business with fast-growing Asian customers.
Saturday, August 9th 2008 - 21:00 UTC
Bolivia, Shell reach agreement in nationalization

Bolivia has reached an agreement in principle to purchase the local operations of energy company Royal Dutch Shell PLC as part of President Evo Morales' nationalization push.
Friday, August 8th 2008 - 21:00 UTC
Petrobras takes over Esso downstream assets in Chile

Brazil's government managed oil and gas corporation Petrobras signed this week the purchase of ExxonMobil's assets in Esso Chile Petrolera and other associated Chilean companies.
Friday, August 8th 2008 - 21:00 UTC
Marsans Aerolineas stands on purchase order of 61 Airbus

Spain's Marsans is forging ahead with its purchase of 61 Airbus planes despite the looming sale of its subsidiary Aerolineas Argentinas, which was due to take around 40 of the aircraft, a spokesman for the travel firm said on Friday according to press reports from Spain.