Investments

Monday, February 11th 2013 - 00:56 UTC
Brazil January inflation spike triggers concern for the government and investors

Brazilian inflation in January climbed to 0.86%, the highest for the month in the last ten years, according to the country’s stats office, IBGE. Inflation in December was 0.79%, ending the twelve months of last year at 5.82% which was in the target range with a ceiling of 6.5%.
Saturday, February 9th 2013 - 09:16 UTC
India signs ambitious mining agreement with Uruguay

India has shown great interest in mining iron ore, granite, gold and diamond in Uruguay and has entered into a deal for exploring and encouraging investment opportunities in the mining sector, according to Indian sources visiting Uruguay.
Wednesday, February 6th 2013 - 05:54 UTC
Argentina eases pressure on potash project timetable but denies fiscal incentive

Argentine authorities backed away from a recent ultimatum for Brazilian mining giant Vale to submit a new timeline for its 6 billion dollars Rio Colorado potash mine, giving the company more time to find a solution for the imperiled project.
Wednesday, January 30th 2013 - 15:34 UTC
US economy contracts in fourth quarter, first time since 2009 global recession

The US economy unexpectedly shrank at an annualised rate of 0.1% in the fourth quarter of 2012, initial official estimates indicate. If confirmed, it would be the first contraction logged by the US economy since the 2009 global recession. The world's largest economy grew 3.1% in July to September.
Tuesday, January 29th 2013 - 03:42 UTC
South Falklands gas condensate discovery in ‘technically and commercially viable”

Hydrocarbons exploration company Borders and Southern Petroleum announced on Monday that the development of its gas condensate discovery in the Falkland Islands is commercially viable. B&S made its Darwin (East-West) discovery in April and has been carrying out tests to determine the nature of its find.
Tuesday, January 29th 2013 - 02:57 UTC
Betting on Mediterranean Shale: three players and one winner

By James Stafford - The Mediterranean has joined the shale game, but as most of Europe's Mediterranean countries drag their feet, all eyes are on Israel, Turkey, and Algeria. For Israel, it will be a slow road without the majors.
Sunday, January 27th 2013 - 02:03 UTC
With Argentine navy’ honour lying on her side, Minister Puricelli could be next official removed

The Argentine government has removed two top naval officers from their duties following the sinking, this week at her moorings pier-side of the destroyer “Santisima Trinidad” once the flagship of the service and which was actively involved in the invasion of the Falklands in 1982.
Saturday, January 26th 2013 - 19:01 UTC
EU27/CELAC trade experienced sharp decline in 2009 with strong recovery since

The European Union27 international trade in goods with the Community of Latin American and Caribbean States, (CELAC), has been characterised in recent years by steady growth between 2003 and 2008, a sharp decline in 2009 and a strong recovery since then.
Friday, January 25th 2013 - 17:48 UTC
Argentina easing imports’ restrictions mainly for Mercosur associates

The government of President Cristina Fernandez has decided to revoke non-automatic licensing requirements which had been placed on certain products before they could be imported into Argentina for consumption, according to a resolution published Friday on the Official Gazette. But earlier in the week Argentina increased the import tariff on a hundred products to the maximum authorized by WTO, which is 35%.
Friday, January 25th 2013 - 07:49 UTC
Brazil’s Vale suspends ‘indefinitely’ 6bn potash project in Argentina

Brazil’s government managed Vale and the world’s third-largest mining company, suspended works at its 6 billion dollars potash project in Argentina indefinitely. A suspension at the Rio Colorado potash project in the Argentine province of Mendoza since last month will be maintained, the Rio de Janeiro-based company said in an e-mail.