Investments

• Thursday, December 26th 2013 - 07:37 UTC

  FIFA calls on Brazil to work flat-out in the months ahead of World Cup June 12 kick-off

  

  FIFA secretary general Jerome Valcke says there is a huge amount still to do in preparations for the World Cup. In his end-of-year statement on FIFA.com, the Frenchman urges Brazil 2014 organizers to work flat out in the months before the June 12 kick-off in Sao Paulo to deliver on their promises.

• Thursday, December 26th 2013 - 07:31 UTC

  Gazprom confirms in has started production at Prirazlomnoye field on the Arctic shelf

  

  Gazprom has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement of their large-scale activities aimed at creating a large hydrocarbon production center in the region, according to the company.

• Thursday, December 26th 2013 - 05:43 UTC

  Falklands offshore exploration drilling agenda for Rockhopper

  

  Rockhopper Exploration has issued details of its next planned exploration wells offshore the Falkland Islands. The details were published on the Offshore site 23 December. Rockhopper was the first of several companies operating in Falklands waters to confirm the existence of oil and gas.

• Saturday, December 21st 2013 - 06:50 UTC

  IDB loan for Sao Paulo State to improve freight and passenger transport

  

  The Brazilian state of Sao Paulo will receive a loan for 480 million dollars from the Inter-American Development Bank (IDB) to improve freight and passenger transport in the state highway system in order to enhance competitiveness and regional and international integration by reducing transport costs and travel time.

• Friday, December 20th 2013 - 05:49 UTC

  Argentina threatens to nationalize power companies because of the blackouts

  

  Argentina on Thursday threatened to nationalize utility companies Edenor and Edesur after power outages left large areas of the capital Buenos Aires and surrounding suburbs in the dark, just ahead of the austral summer. “If they are not willing to give people the service they deserve, we will be willing to take over that service,” said cabinet chief Jorge Capitanich.

• Thursday, December 19th 2013 - 06:06 UTC

  Brazil surprises and hands Sweden Gripens the contract for 36 new fighters

  

  Sweden's Saab AB prevailed over U.S. giant Boeing and French manufacturer Dassault Aviation in a competition to supply the Brazilian air force with 36 aircraft to replace its aging Mirage 2000s, Brazil said Wednesday.

• Wednesday, December 18th 2013 - 17:49 UTC

  Falklands' budget challenge: how to distinguish recurrent funding from oil windfall income

  

  The Falkland Islands Executive Council, (EXCO), considers essential more public scrutiny to budget affairs discussions so that individuals can better understand what monies are available for ongoing funding and which are windfall incomes from oil related matters.

• Wednesday, December 18th 2013 - 16:46 UTC

  Falklands to cash 146m dollars from tax on farm-out deal in oil industry

  

  An agreement has been reached between the Falkland Islands government and Rockhopper Exploration regarding tax arising from the Sea Lion farm-out to Premier Oil, an operation involving a billion US dollars, and which according to the settlement generated a credit of 146m dollars for the Islands Treasury.

• Tuesday, December 17th 2013 - 02:28 UTC

  Uruguayan economy on track to 4.1% growth this year and in 2014

  

  The Uruguayan economy contracted 0.7% in the third quarter compared to the previous quarter, although it jumped 3.3% over the same period a year ago, according to the latest release from the Central bank in Montevideo. During the second quarter, the expansion had reached 2.4%, and 1.5% previous to that.

• Saturday, December 14th 2013 - 07:03 UTC

  Falkland Islands progress in renewable energy surprises Chilean experts.

  

  Three experts in the use of renewable energy who were visiting the Falkland Islands this week as the guests of the Falkland Islands Government declared themselves surprised by extent of the efforts made in the Islands to reduce dependence on fossil fuels.