Investments

Thursday, May 2nd 2013 - 07:23 UTC
Israel defense supplier to establish an aerospace research hub in south Brazil

Israeli defense giant Elbit Systems Ltd. plans to create a hub of aerospace research in the southern Brazilian state of Rio Grande do Sul, company officials said.
Thursday, May 2nd 2013 - 06:18 UTC
Petrobras continues divestment program: sells blocks in US Gulf of Mexico

Brazil’s Petrobras is selling its 20% stake in the Gila prospect in the US Gulf of Mexico as part of its ongoing divestment program. The state-owned company said it had signed a sale and purchase agreement for the sale of its equity in exploration blocks KC 49, 50, 92, 93, 94 and 138, which make up the BP-operated asset.
Monday, April 29th 2013 - 06:24 UTC
Brazil re-opens the refurbished iconic but still incomplete Maracana stadium

Rio de Janeiro's Maracana stadium, venue for next year's World Cup final and the spiritual home of Brazilian football, has re-opened with an exhibition match despite not being fully finished.
Monday, April 29th 2013 - 04:43 UTC
Brazil’ Vale leaves Argentina after accord to pay workers and contractors

Brazilian mining giant Vale SA will pay two and a half months' salary to workers in Argentina as part of an agreement signed on Friday allowing the miner to exit the 6 billion dollars Rio Colorado potash and fertilizer project.
Friday, April 26th 2013 - 08:00 UTC
President Rousseff calls on Vale to dialogue with Argentine authorities

Brazilian president Dilma Rousseff said during a joint conference with her Argentine peer Cristina Fernández at Government House in Buenos Aires that she was certain the Vale mining company “would find a way to reach an agreement with the Argentine authorities” on the suspended project.
Friday, April 26th 2013 - 07:36 UTC
Argentina industrial production down in March and in first quarter compared to 2012

Argentina’s industrial output registered a 0.3% drop in March year-on-year, according to Indec the official statistics bureau. The report stated that the manufacturing activity climbed 1.5% compared to February and dropped 0.4% annually in the first three months.
Thursday, April 25th 2013 - 22:39 UTC
Barrick Gold considering suspension of 8.5bn mine development in the Andes

Canada’s Barrick Gold Corp making a painful adjustment to a sustained slump in bullion prices, reported progress in controlling costs and said it planned further cuts in capital spending.
Saturday, April 20th 2013 - 08:39 UTC
US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.
Friday, April 19th 2013 - 06:32 UTC
Falkland Islands Holdings expects a quantum leap in the local economy over the next decade

Falkland Islands Holdings, which owns the Falkland Islands Company, FIC, expects to report a slight fall in annual profits but anticipates a quantum leap in the Falklands’ economy over the next decade with the oil industry and the commencement in 2014 of the Sea Lion project.
Friday, April 19th 2013 - 06:24 UTC
Falkland Islands’ Sea Lion project will demand 5bn dollars and first oil is expected 2017

UK independent oil and gas Premier Oil company said that the Falkland Islands Sea Lion project is one of their biggest operations undertaken to date involving an investment of 5 billion dollars with first oil expected sometime in 2017.