Investments

• Friday, May 25th 2012 - 02:51 UTC

  Alcohol consumption in Latin America is considerably less than in Europe and US

  

  Alcohol consumption in Latin America is low compared to Europe and the US and averages 5.5 litres of pure alcohol per year per capita, although with marked differences between countries and gender. In Europe consumption is estimated at 13 litres of pure alcohol while in the US the average in 9.8 litres.

• Tuesday, May 22nd 2012 - 05:56 UTC

  UK company begins hydrocarbons prospecting in the Paraguayan Chaco

  

  Amerisur Resources Plc, the oil and gas producer and explorer announced on Monday it has received a Prospecting Permit by Paraguay’s Ministry of Public Works and Communications for the Espartillar block in the Paraguayan Chaco.

• Monday, May 21st 2012 - 03:34 UTC

  Investors will opt for Uruguay and its legal system, says Spanish ambassador

  

  The seizure of YPF by Argentina can be expected to have a positive repercussion for Uruguay since the country has an enviable legal system and keeps to the rules of the game, said the new Spanish ambassador in Montevideo, Roberto Varela.

• Monday, May 21st 2012 - 01:41 UTC

  Royal Navy expels Spanish Guardia Civil vessels from Gibraltar territorial waters

  

  The Royal Navy expelled a Guardia Civil vessel from Gibraltar waters following an incursion by Spanish fishermen last week, in a clear sign that Britain will not tolerate any attempt to escalate the fishing row.

• Monday, May 21st 2012 - 01:25 UTC

  Bargains forecasts in Uruguay as Argentine investors withdraw funds following new bank rules

  

  By Dean Steinbeck (*) As much as it defies common sense, Uruguay entered into a tax sharing agreement that will scare off Argentine investors; the same group of people who are Uruguay’s biggest source of capital, investment, and innovation.

• Friday, May 18th 2012 - 04:12 UTC

  YPF second shareholder misses 400 million dollars payment to creditor banks

  

  Argentina's Petersen Group missed a 400 million dollars payment to creditor banks on Wednesday, which could allow them to seize the shares of oil company YPF backing the loan.

• Friday, May 18th 2012 - 03:07 UTC

  Growing doubts about Uruguay’s goal of 1.2GW wind power by 2015

  

  Uruguay’s ambition to have 1.2GW of wind power in operation by 2015 may have to be delayed for several years because logistical problems and tightening returns could make some projects unfeasible.

• Wednesday, May 16th 2012 - 21:58 UTC

  State-controlled YPF wants to keep its ADS listed in the New York exchange

  

  Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.

• Wednesday, May 16th 2012 - 21:34 UTC

  Indian oil and gas company desists from Falklands’ exploration partnership

  

  After having to abandon its oil and gas assets quest in Vietnam off the South China Sea India has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands

• Wednesday, May 16th 2012 - 01:33 UTC

  Repsol sues Argentina over YPF in NY court and also takes the case to World Bank arbitration

  

  Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.