Investments

• 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.

• Monday, May 14th 2012 - 05:21 UTC

  HSBC reports sale of affiliates in four countries to GNB Colombia for US 400m

  

  HSBC reported the sale of its affiliates in Uruguay, Colombia, Peru and Paraguay to the Colombian group Gilinski, an operation involving 400 million dollars, of which 80 million for the Montevideo assets.

• Monday, May 14th 2012 - 03:49 UTC

  Latam and Asia-Pacific plan closer; bilateral trade expanding 20% annually

  

  Fast-growing trade and investment between the Asia-Pacific area and Latin America and the Caribbean have transformed the two regions into powerful motors for the world economy, with two-way trade hitting 442 billion dollars last year. The time is right to deepen cooperation so as to ensure future growth and prosperity, according to a new study.

• Friday, May 11th 2012 - 21:15 UTC

  IAE warns Argentina YPF seizure could scare away international oil companies

  

  Argentina's seizure of 51% of the shares of Spanish oil group Repsol's YPF unit could scare away international firms from investing in the, the International Energy Agency said on Friday.

• Friday, May 11th 2012 - 15:38 UTC

  Indian leading oil company in talks to buy 25% stake in Falklands’ exploration block

  

  The overseas arm of Indian state-owned Oil and Natural Gas Corp (ONGC), ONGC Videsh Ltd is in talks to buy 25% stake in an exploration block off Falkland Islands in the South Atlantic, reports The Economic Times from New Delhi.