Investments

• Wednesday, December 26th 2012 - 06:03 UTC

  YPF and PDVSA will explore Malvinas continental shelf for oil, says Pagina 12

  

  According to reports in the Argentine media, the nationalized Argentine oil company YPF, formerly owned by Spain's Repsol, will be teaming up with Venezuelan oil giant PDVSA to explore the continental shelf around the Falkland/Malvinas Islands for oil.

• Friday, December 21st 2012 - 22:39 UTC

  Looting extends in Argentina: two people shot dead, dozens injured in clashes with police

  

  A rash of looting and ransacking of supermarkets in Argentine major cities and several provinces left two people killed, dozens injured and hundreds arrested. The looting and vandalizing of supermarkets began in the Patagonian resort of Bariloche on Thursday and seemingly triggered a knock-on effect across different provinces, as similar incidents began to arise in Buenos Aires, Santa Fe, Entre Ríos and Chaco provinces.

• Wednesday, December 19th 2012 - 20:45 UTC

  Chevron/YPF sign pilot accord to drill 100 wells in Vaca Muerta shale deposits

  

  US Chevron and Argentina’s nationalized YPF signed a partnership to on Wednesday to invest 1 billion dollars to develop the shale-oil reserves of Vaca Muerta in the hydrocarbons rich Patagonian province of Neuquén.

• Wednesday, December 19th 2012 - 20:37 UTC

  Falklands owned new wind farm to supply Mount Pleasant Complex

  

  The Falkland Islands Government Chief Executive, Keith Padgett, Commander British Forces, Brigadier Bill Aldridge and Paul Wilson from the Defence Infrastructure Organisation have signed a Memorandum Of Understanding (MOU) for the construction of a new wind farm at Mare Harbour.

• Wednesday, December 19th 2012 - 19:34 UTC

  State of the art dairy farm in Uruguay with 8.000 milking cows and self generating power

  

  A state of the art dairy farm with 8.000 milking cows that will export powder milk, create 300 qualified jobs and generate its own energy from the animals’ dung is scheduled to open its first phase next April in Durazno, Uruguay.

• Tuesday, December 18th 2012 - 05:34 UTC

  Santander keeps growing: absorbs Banesto and Banif and will close 700 branches

  

  Banking giant Santander said on Monday that it will absorb two of its Spanish offshoots, closing 700 branches in the latest stage of Spain's great banking shake-up. The biggest bank in the Euro zone by market value, said it could save 520 million Euros a year by absorbing the offshoots, Banesto and Banif.

• Friday, December 14th 2012 - 05:15 UTC

  Argentina announces payments of over 3.5bn dollars in GDP-linked bonds

  

  Economy Minister Hernán Lorenzino announced on Thursday Argentina will be making payments for more than 3.5 billion dollars in GDP-linked bonds, at the Economy Ministry.
  Lorenzino presented the payment as a triumph against the hedge-funds.

• Friday, December 14th 2012 - 05:01 UTC

  Brazil plans to build 800 regional airports linking cities with 100.000-population

  

  Brazil's president, Dilma Rousseff, told reporters in Paris her government intends to build approximately 800 regional airports in Brazil. The project considers that each city with over 100.000 inhabitants should have an airport within a 60-kilometer range.

• Friday, December 14th 2012 - 04:55 UTC

  World’s largest pulp and forestry complex begins operation in south Brazil

  

  Brazilian group JBS-Friboi, a leading global exporter of meat products, has inaugurated an industrial complex for pulp production with an investment of 6.2 billion Reais (approx 3 billion dollars).

• Wednesday, December 12th 2012 - 18:09 UTC

  Oil company begins 3D seismic surveying to the south of the Falkland Islands

  

  Falkland Oil and Gas Limited oil and gas exploration company has commenced an important 3D seismic survey operation in the south of the Falkland Islands, where the company has extensive licence areas.