Investments

• Thursday, November 28th 2013 - 22:51 UTC

  Repsol contracts Deutsche Bank as advisor for the YPF compensation deal

  

  Repsol appointed Deutsche Bank AG to advise it on the compensation pre-settlement it reached with Argentina regarding the seizure of 51% of YPF in April 2012. The arrangement was negotiated in Buenos Aires this week by ministers from Argentina and Spain, Repsol executives, and representatives from the Spanish company’s two largest shareholders, Mexico's Petroleos Mexicanos, Pemex and Barcelona-based CaixaBank SA.

• Wednesday, November 27th 2013 - 07:07 UTC

  Premier Oil with operations in the Falklands launches bond to diversify its debt away from banks

  

  FTSE 250-listed energy explorer Premier Oil with strong interests in the Falkland Islands oil industry, launched this week a new bond, as it looks to diversify its debt away from banks.

• Wednesday, November 27th 2013 - 06:35 UTC

  YPF shares and Buenos Aires market soar to record highs on announcement of agreement with Repsol

  

  Argentina's Merval benchmark stock index climbed 3% on Tuesday to finish at a record high of 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11%, while electricity distributor Edenor saw prices close 19% up at the end of trading.

• Tuesday, November 26th 2013 - 09:08 UTC

  Falkland Islands Holdings sales up despite slowing down of the Islands economy

  

  Falkland Island Holdings PLC announced on Monday that its pre-tax profit increased slightly in its first half as strong sales at the company's London-based Momart operations offset increased costs at its Falkland operations. The international services group, which focuses on transport and logistics, said its underlying profit before tax was up 14.8% to £ 1.37 million for the six months ended September 30 compared to £ 1.19 million the previous year.

• Monday, November 25th 2013 - 07:39 UTC

  Jaguar-Land Rover to build manufacturing plant in Brazil

  

  Jaguar Land Rover plans to build a 500 million dollars manufacturing plant in Brazil, the O Globo newspaper reported on Sunday. The daily wrote that the Rio de Janeiro factory will be the company's second production facility outside Britain, in addition to one China. It also has an assembly plant in India.

• Saturday, November 23rd 2013 - 06:57 UTC

  FIFA blames France and Germany for 'slave working conditions' in Qatar stadiums

  

  FIFA boss Sepp Blatter on Friday hit back at criticism over work conditions on World Cup venues in Qatar, accusing European companies and saying France and Germany pushed the bid for “economic interests”.

• Saturday, November 23rd 2013 - 06:46 UTC

  Singapore group pays 8.24bn to operate Rio's Galeao airport on 25-year concession

  

  Airport operators from Singapore, Germany, Switzerland and Brazil on Friday won rights to run airports in Rio and Belo Horizonte, two host cities of the 2014 World Cup. One consortium including engineering firm Odebrecht and Singapore airport operator Changi paid 19 billion Reais (8.24 billion dollars) for a 25-year concession to run Rio's Galeao airport at an auction held at the Sao Paulo stock exchange.

• Wednesday, November 20th 2013 - 04:55 UTC

  Uruguay confirms third pulp mill project, but to the east of the country close to Brazil

  

  Finland's UPM/Botnia plant, which is an ongoing motive of dispute with Argentina is planning a second pulp mill but to the east of Uruguay, announced Vice-president Danilo Astori, confirming a previous statement from the First Lady and Senator Lucia Topolansky.

• Tuesday, November 19th 2013 - 09:08 UTC

  US government sides with Repsol in the YPF assets seizure with Argentina

  

  United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.

• Friday, November 15th 2013 - 16:15 UTC

  Deliver or Die: Financial Survival Challenges for Today’s Junior Oil Companies

  

  Long gone are the days of easy money, so it seems. Junior energy companies are finding today’s capital to be more expensive and harder to access. In the current market, juniors are fighting an ongoing battle just to balance sustainable growth, manage debt, and to compete with peers for dollars that just aren’t there. When assessing a junior, one must look at how they put their budgets together and maintain them if they’re to survive out there in the wild.