Investments

• Thursday, February 21st 2013 - 01:47 UTC

  Nationalized airport operators demand 90 million dollars from Bolivia

  

  The Spanish infrastructure company Abertis said it was seeking 90 million dollars from Bolivia in compensation for the nationalization of its subsidiary Servicios de Aeropuertos Bolivianos (Sabsa). Abertis was also considering other possible legal claims, its chief executive Francisco Reynes said.

• Thursday, February 21st 2013 - 01:44 UTC

  Rousseff says end of poverty is close; 48 million Brazilians registered in social support programs

  

  Brazilian President Dilma Rousseff raised the monthly stipend of 2.5 million people living below the poverty line to make good on her promise to eradicate extreme poverty in Brazil. Even when announcing she has almost met her anti-poverty target halfway through her four-year term, Brazil’s last census points to 700,000 families who still live in extreme poverty but are not registered on government social programs.

• Thursday, February 21st 2013 - 01:37 UTC

  Japan posts huge January trade deficit: weak Yen, energy bill and dispute with China blamed

  

  Japan’s trade deficit soared to a record 17.4 billion dollars on energy imports, a weaker Yen and the territorial dispute with China, the country’s main trade partner. Exports climbed 6.4% in January from a year earlier, the first rise in eight months while imports increased 7.3%, the Finance Ministry said in Tokyo.

• Tuesday, February 19th 2013 - 05:24 UTC

  Buenos Aires City property sales plummet 27% in 2012 because of the dollar clamp

  

  Property sales in the City of Buenos Aires plummeted 27% during 2012 according to a release from the Notaries College of the Argentine capital. The release shows 46.627 deeds were signed in 2012, which represents a significant 27% shrinkage in comparison to 2011 while the figure in Pesos dropped 21.2%.

• Monday, February 18th 2013 - 16:55 UTC

  Floater options under consideration for Darwin offshore Falklands development

  

  Oil and gas exploration company Borders & Southern, B&S, expects to start work this month on two projects concerning its licenses in the offshore South Falkland basin, reports from London ‘Offshore’.

• Monday, February 18th 2013 - 16:29 UTC

  Morales nationalizes control of Bolivia three main airports

  

  Populist Bolivian President Evo Morales on Monday nationalized control of the country’s three main airports from Spain’s operator Abertis-Aena, arguing that the company had not fulfilled investments commitments promised for years.

• Monday, February 18th 2013 - 00:24 UTC

  Cruise industry warns South America: itinerary costs are three times higher than in the Mediterranean

  

  Representatives from the cruise industry have cautioned Uruguay that port operational costs in South America could have a negative impact on what has been a steady increase of business in the last few seasons and this impact could be felt as soon as next year despite the fact that the 2012/2013 season on the Atlantic is proving to be quite successful despite an uncertain start. “Itineraries’ costs in South America are three times those of the Mediterranean”.

• Friday, February 15th 2013 - 23:13 UTC

  Financial Times: Argentina-Uruguay: too close for comfort?

  

  By Jude Webber - On Thursday 14 February the prestigious Financial Times published a piece pointing out the influence of Argentina on Uruguay and its economy. The article is simple and straight and is valid because of the Financial Times unquestionable opinion building capacity, and thus merits reproduction.

• Friday, February 15th 2013 - 05:40 UTC

  Apple fighting to recover “iPhone” trademark registered in Brazil by local company

  

  Apple Inc, which lost the rights to its iPhone trademark in Brazil this week, is challenging the ruling by Brazil's copyright regulator to prevent local firm Gradiente Eletronica SA from using the “iphone” brand name.

• Thursday, February 14th 2013 - 01:49 UTC

  Argentina’s January inflation, 2.58%, highest in 22 months according to private estimates

  

  Argentina’s inflation last January was the highest in twenty two months, 2.58%, according to the average of private estimates which are banned from making public their findings, but which are released by the Congressional Freedom of Expression Committee.