Investments

Monday, March 25th 2013 - 04:45 UTC
Falklands ‘a NATO base’ and the referendum ‘unacceptable and ridiculous’, says Uruguay

Two of Uruguay’s President Jose Mujica closest ministers, Defence and Foreign Affairs said that the ‘British occupation’ of the Falkland Islands is ‘unacceptable’, represents a NATO base in the South Atlantic and described the recent referendum in the Islands as ‘absurd and ridiculous’.
Friday, March 22nd 2013 - 06:36 UTC
Pescanova planning to sell assets in Chile to reorganize finances

The main creditor banks of the Galician multinational firm Pescanova, (which is under a probe from the Spanish stock market regulator), argue that the only way the firm can reorganize its financial situation is through the total or partial sale of its subsidiary in Chile by means of a Preventive Judicial Agreement.
Friday, March 22nd 2013 - 02:18 UTC
India, seventh market for Brazilian exports; bilateral trade reaches 10.6bn dollars in 2012

By R. Viswanathan - India's trade with Brazil reached 10.6 billion dollars in 2012 (January to December), increasing by 15% from 9.2bn in 2011. Twenty years back, in 1992 bilateral trade was just 177 million dollars. Ten years back, in 2002, it was 1.2 billion dollars.
India's exports to Brazil declined in 2012 to 5.04bn from 6bn dollars in 2011.
Wednesday, March 20th 2013 - 08:29 UTC
Suspended potash project top officials left Argentina following union threats

Top officials from the Brazilian mining company Vale which suspended a 6 billion dollars potash development project in Argentina left the country for Sao Paulo last Friday following “on instructions from the security department” of the corporation, according to reports in the Brazilian press.
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.