Investments

Monday, March 18th 2013 - 08:02 UTC
China will provide 2bn dollars for Latam development projects through IDB

China will provide up top 2 billion dollars for an Inter American Development Bank (IDB) fund, in support of projects for the public and private sector that promoted sustainable growth in the region.
Monday, March 18th 2013 - 07:59 UTC
Petrobras keeps target of 2.5m bpd in 2016 and 4.2m bpd in 2020

Brazilian state-controlled oil company Petrobras has unveiled its business plan for the 2013-2017 period projecting investment of 236.7 billion dollars and maintaining its goal of raising crude-oil output from 2 million barrels per day in 2012 to 4.2 million bpd in 2020.
Saturday, March 16th 2013 - 07:28 UTC
Mining project suspension in Mendoza leading to major clash between Argentina and Brazil

A major conflict could be brewing between Argentina and Brazil after Rio’s Vale decided to cancel a 6 billion dollars potash development project in Mendoza and the Argentine Labour minister issued a mandatory conciliation which actually impedes implementation of the closing down decision.
Thursday, March 14th 2013 - 09:07 UTC
Argentina furious with Brazil over cancelling of 6bn potash development project

The government of President Cristina Fernandez is furious with the Brazil-based Vale mining company for suspending its 6 billion dollars potash development in Mendoza, the largest investment in Argentina in recent years.
Wednesday, March 13th 2013 - 03:36 UTC
Europe ready to talk with the US to create the world’s largest free trade agreement

The European Commission agreed Tuesday negotiating guidelines for talks with the United States on the world's biggest Free Trade Agreement, stressing a pragmatic approach to even sensitive subjects.
Monday, March 11th 2013 - 22:54 UTC
Argentine macroeconomic context forces huge 6bn potash project suspension

Brazilian mining giant Vale announced on Monday it has suspended the 6 billion dollars Río Colorado potash project in Mendoza province. The mining, main producer of iron had halted the work on the project back in December, awaiting tax breaks for the project to help to compensate for soaring costs related to inflation and exchange rates.
Friday, March 8th 2013 - 07:58 UTC
Uruguay completes investment-grade ‘triple crown’ from the three big credit rating agencies

Uruguay finally managed on Thursday to achieve investment grade debt rating from the three major agencies when Fitch raised the country’s rating to BBB-minus from BB-plus, citing economic resilience as well as the political and social stability of the country, squeezed between Brazil and Argentina.
Friday, March 8th 2013 - 07:50 UTC
IDB approves largest financial operation for Uruguay: 550 million dollars

The Inter-American Development Bank (IDB) has approved a 550 million dollars operation for Uruguay to fund the Program for Strategic International Positioning, which aims to substantially increase investment and exports by strengthening the regulatory and institutional framework, promoting and facilitating trade, and boosting entrepreneurial innovation.
Thursday, March 7th 2013 - 01:11 UTC
French company investing 205m dollars in two wind farms with 35 turbines

French Akuo Energy has broken ground at two maiden wind farm developments in Uruguay totalling 92MW, as it prepares to expand its footprint across Latin America.
Tuesday, March 5th 2013 - 17:00 UTC
Singapore wealth fund boosts Spain’s Repsol, recovering from YPF nationalization

Singapore wealth fund Temasak has bought a 5% stake in Spanish oil group Repsol for just over one billion Euros, raising its total stake in the company to 6.3%, Repsol said in a release. The operation involves the entire portfolio of Repsol treasury stock at 16.01 Euros per share for a total of 1.036 billion Euros (1.35bn dollars).