Investments

• Tuesday, August 13th 2013 - 02:14 UTC

  Uruguay announces on-shore oil “scientific confirmation” but with no commercial certainty

  

  The Uruguayan government announced the discovery of free hydrocarbons liquids in core samples next to source rocks in the northern county of Salto at a depth of 450 metres, which seems to be similar to another discovery two years ago.

• Monday, August 12th 2013 - 01:09 UTC

  Brazil to auction Rio do Janeiro and Belo Horizonte airports concessions

  

  An auction to privatize airports in Rio and Belo Horizonte, two host cities for the 2014 World Cup, will be held on October 31, Brazilian authorities have announced.

• Sunday, August 11th 2013 - 21:36 UTC

  Honda to build a second assembly plant in Sao Paulo operational by 2015

  

  Japanese automaker Honda plans to build a new assembly plant in the Brazilian state of Sao Paulo with an annual capacity of 120,000 units, the company said.

• Saturday, August 10th 2013 - 01:58 UTC

  UK opens second largest offshore wind farm in the world

  

  Greater Gabbard wind farm, which is reportedly the second largest offshore wind farm in the world, costing £1.3 billion and generating enough clean electricity to power over half a million homes, was officially opened off the British coast of Suffolk by the Energy and Business Minister Michael Fallon.

• Monday, August 5th 2013 - 18:32 UTC

  Amazon.com CEO buys The Washington Post for 250 million dollars

  

  Amazon.com Chief Executive Officer Jeff Bezos agreed to buy The Washington Post for 250 million dollars, vaulting the e-commerce magnate into the struggling newspaper industry. Bezos is making the deal as an individual and not as part of Amazon, the world’s biggest online retailer, according to a statement on Monday.

• Saturday, August 3rd 2013 - 02:30 UTC

  Falklands: controversy with the private sector over oil and port policy

  

  A Falkland Islands government statement of policy principles on port location and oil infrastructure development passed at Executive Council last week has been met with opposing views from members of the private sector, reports the Penguin News.

• Saturday, August 3rd 2013 - 01:41 UTC

  EU FTA agreements with Colombia and Central America became effective August first

  

  Free trade agreements, FTA, signed by the European Union with Colombia, and with Central American countries Honduras, Nicaragua and Panama became effective August first as part of the EU strategy to eliminate tariffs on trade with Central American and the Andean region.

• Friday, August 2nd 2013 - 03:26 UTC

  Brazil's Rousseff announces billions to improve Sao Paulo transport system

  

  Brazilian President Dilma Rousseff moved quickly this week to improve bus services in the metropolis of Sao Paulo, where protests over a fare increase in June triggered an outburst of national discontent that battered her popularity and questioned the country’s infrastructure for two major world events in 2014 and 2016.

• Friday, August 2nd 2013 - 03:01 UTC

  Argentina’s energy challenges according to The Economist: Flogging a dead cow

  

  The Economist in its latest printed edition addresses Argentina’s challenges in the energy field including the seizure of a majority stake in YPF from Spain’s Repsol and the latest agreement with US oil company Chevron to exploit shale oil and gas.

• Friday, August 2nd 2013 - 02:42 UTC

  Euro rates to remain unchanged for extended period of time, says ECB

  

  The European Central Bank left interest rates at a record low 0.5% on Thursday and said that they will remain there for some while to come and could yet fall further. ECB President Mario Draghi hinted that policy would not be tightened until well into next year at the earliest, although the central bank will give no time horizon for when rates might move.