Investments

• Thursday, September 5th 2013 - 01:30 UTC

  Microsoft buys Nokia mobile phone business to focus on “devices and services”

  

  Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn Euros. Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 35% on the news, whereas Microsoft's fell more than 5%. The purchase is set to be completed in early 2014, when about 32.000 Nokia employees will transfer to Microsoft.

• Wednesday, September 4th 2013 - 01:36 UTC

  Mexico’s Pemex oil company expected to join YPF in developing shale resources

  

  YPF Chief Executive Officer Miguel Galuccio said Argentina’s nationalized energy company is willing to form a partnership with Mexico’s state-run Petroleos Mexicanos to develop shale oil and natural gas deposits in the Vaca Muerta formation.

• Tuesday, September 3rd 2013 - 01:00 UTC

  Third largest deal in corporate history: 130bn dollars for 45% stake in Verizon Wireless

  

  Vodafone has sold its 45% stake in Verizon Wireless to US telecoms group Verizon Communications in one of the biggest deals in corporate history. The 130bn dollars deal was announced by Vodafone after the close of trading on the London Stock Exchange.

• Monday, September 2nd 2013 - 20:02 UTC

  Uruguay no longer a magnet for Argentine funds looking for real estate investments

  

  Uruguay has ceased to be the magnet for Argentine funds looking for safe places to save and real estate investments since the Argentine revenue service AFIP, following on the neighbouring countries tax-data exchange agreement, could have access to that information, according to Uruguayan private financial and investment advisors.

• Monday, September 2nd 2013 - 12:28 UTC

  Falklands’ Argos considering drilling finance options and confident about new exploration round

  

  Falkland Islands Argos Resources oil and exploration company have said that they are extremely well placed to participate in the next round of exploration drilling in the Falklands and they are continuing to consider various ways to finance drilling.

• Saturday, August 31st 2013 - 15:30 UTC

  Falklands’ lawmaker arrives in Uruguay to inform on business opportunities in the Islands

  

  Falkland Islands member of the Legislative Assembly Dick Sawle will be in Montevideo 2-6 September, after spending a week in Brazil involved in business, academia and informal political contacts sponsored by the Foreign Office. In Uruguay according to the official release MLA Sawle will inform about business opportunities with the Falklands and to strengthen the historical ties with Uruguay.

• Saturday, August 31st 2013 - 15:27 UTC

  Uruguay fearing the wrath of Cristina Fernandez denies authorization to expand pulp mill capacity

  

  The Uruguayan government fearful of Argentine President Cristina Fernandez’s reaction will not authorize the local UPM pulp mill to expand its production capacity from 1 million to 1.3 million tons annually, in the short term, according to company and government sources.

• Saturday, August 31st 2013 - 00:44 UTC

  Falklands’ first oil delayed as cost alternatives are considered

  

  Premier Oil exploring for oil in the Falkland Islands said the company is studying cost alternatives to its drilling operations and crude extracting sub-sea architecture for the development of the Sea Lion project, which could delay the original chronogram for first oil.

• Friday, August 30th 2013 - 01:02 UTC

  Falklands’ consultation on new deep port receives many suggestions and strong support

  

  The Falkland Islands government has released the findings of the public consultation document ‘Your Future – Your Say’ which show a very strong support for phased development of the new port, “to serve all its potential users,” according to an Executive Council paper.

• Friday, August 30th 2013 - 00:34 UTC

  China company takes 33% stake in US Apache Corp. oil and gas business in Egypt

  

  China Petrochemical Corporation, Sinopec, has agreed to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation. Sinopec will pay Apache 3.1bn dollars in cash for the stake. The deal is the latest in a series of similar moves by Chinese oil firms as they look to secure energy supplies to meet growing domestic demand.