Investments

Tuesday, September 10th 2013 - 19:49 UTC
Argentina ‘inflexible’ on Uruguayan pulp mill expansion; Cristina and Mujica could meet in New York

Argentina promised to be ‘inflexible” with the UPM pulp mill on Uruguayan territory, if it tries to increase production as it has requested, thus again opening a new controversy with Uruguay which has pledged to answer the (2011) expansion request in the last week of September. Presidents Cristina Fernandez and Jose Mujica are scheduled to meet in Buenos Aires at the end of the month.
Monday, September 9th 2013 - 02:19 UTC
Falklands’ Premier Oil joins Argentina’s ‘black list’ of companies ‘illegally’ operating in Malvinas waters

United Kingdom’s Premier Oil PLC has been incorporated to the black list of companies banned by Argentina from operating in the country because of its hydrocarbons ‘illegal and clandestine’ activities in the continental shelf next to the Malvinas Islands without the competent authorization.
Monday, September 9th 2013 - 01:36 UTC
Mercedes plans to build a compact cars factory in Brazil

German carmaker Daimler plans to build a new Mercedes factory in Brazil to benefit from growing demand for compact cars in the country, its chief executive told a German newspaper.
Sunday, September 8th 2013 - 00:08 UTC
Pemex confirms interest in YPF shale deposits, but nothing formal yet

Pemex, Mexico’s state oil and gas monopoly and the world’s fifth-largest crude producer, would consider an offer to partner with YPF in developing shale projects in Argentina, said a director of the corporation.
Friday, September 6th 2013 - 02:09 UTC
Air Canada transfers 15 Embraer 175 to low cost Sky Regional

Air Canada said that it has successfully completed the transfer of all 15 of its Embraer 175 aircraft, the smallest jet aircraft in Air Canada's fleet, to Sky Regional to operate the aircraft on behalf of Air Canada under the capacity purchase agreement between the parties. Sky Regional now operates 20 aircraft on behalf of Air Canada, under this agreement.
Friday, September 6th 2013 - 02:00 UTC
Mujica confirms: no intention of irritating Argentina on pulp mills’ controversy

Uruguay’ President Jose Mujica said the decision authorizing a possible expansion, or not, of the UPM/Botnia pulp mill is closely linked to Argentina and the construction of a third plant along an inside Uruguayan river and not a shared one as is the case now.
Friday, September 6th 2013 - 01:52 UTC
Repsol expands gas production in Bolivia to supply growing Argentine demand

Spain’s Repsol inaugurated on Thursday, a month before schedule, a new module of its gas processing plant in Margarita in the south of Bolivia which will allow the company in three weeks, to significantly increase its production and delivery to Argentina, its main client.
Thursday, September 5th 2013 - 03:53 UTC
Argentine politicians warn Uruguay on possible expansion of pulp mill production capacity

The bilateral conflict between Argentina and Uruguay over the UPM/Botnia pulp mill, on the Uruguayan side of the Uruguay River is once again leading to tension between the two neighbours amid reports that the plant’s Finnish owners plan to increase production from 1.1 to 1.3 million tons of cellulose paste per year.
Thursday, September 5th 2013 - 03:35 UTC
Falklands’ lawmaker has full round of political and business contacts in Uruguay

“We have come for people-to-people contacts, to talk about business opportunities and for the resumption of the close and historic links between the Falkland Islands and Uruguay”, repeated Falklands’ lawmaker Dick Sawle during one of his many presentations in Montevideo.
Thursday, September 5th 2013 - 03:23 UTC
Labour dispute stops the construction of the St Helena airport in mid-Atlantic

South Africans working at the British Overseas Territory of St Helena airport have gone on strike, in what is thought to be the first industrial action on the island in half a century, according to the local news. It is understood they are in dispute over employment terms and conditions.