Investments

Wednesday, August 29th 2012 - 03:07 UTC
US government sales soared to 66.3bn dollars in 2011; Saudis main buyers

US government sale of weapons soared by over three times in just one year - from 21.4 billion dollars in 2010 to 66.3 billion in 2011, the largest for a single year in the history of the US arms export program, according to a report by the US Congress Research Service.
Tuesday, August 28th 2012 - 04:29 UTC
Buenos Aires Aires real estate market faces the challenge of slowdown and ‘pesification’

The Argentine real estate market has witnessed stunning growth over the last decade but growth of the sector appears to have come to an abrupt and dramatic end in the seven months of this year.
Tuesday, August 28th 2012 - 03:36 UTC
YPF trying to convince Chevron to help develop massive shale deposits in Neuquen

Argentina’s nationalized oil and gas company YPF and the head of Latin American and African operations for Chevron Corp. are discussing a potential agreement to develop the massive Vaca Muerta shale oil and gas formation in the Patagonian province of Neuquén.
Monday, August 27th 2012 - 06:13 UTC
Apple sweeping legal victory over Samsung; over a billion dollars in damages

Apple Inc. scored a sweeping legal victory over Samsung as a US jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the US company 1.051 billion dollars in damages.
Monday, August 27th 2012 - 04:01 UTC
Merkel queen of the hill: strong support for stance on heavily indebted countries

Support for Chancellor Angela Merkel's conservatives has nudged higher, an opinion poll showed, but the weakness of two smaller parties highlights the trouble she may face building another centre-right coalition after Germany's 2013 election.
Friday, August 24th 2012 - 06:14 UTC
YPF announces massive exploration program and calls on private investors

Argentina’s nationalized oil and gas corporation YPF announced it has plans to drill 250 wells in the next five years to further advance the country’s “hydrocarbons frontier”. During a presentation at a posh hotel in Buenos Aires under the heading of “Argentine Exploration Plan”, YPF CEO Miguel Galuccio called on investors to trust him and support the plan.
Friday, August 24th 2012 - 01:19 UTC
Desire Petroleum assesses potential of its North Falkland Basin strategic prospects

In an update of the recently completed six well exploration program Falkland Islands’ Desire Petroleum reports it has new 3D seismic acquisition of several of its North Falkland prospects which are currently under evaluation to provide a full prospects’ inventory.
Friday, August 24th 2012 - 01:12 UTC
First half of 2012; “very significant development period” for Falkland Oil and Gas

The AIM listed company Falkland Oil and Gas Ltd reflected on Thursday on the progress made in the first half of the year when it managed a significant equity placing and negotiations for two farm-out deals which helped with a cash-balance of over 220 million dollars.
Thursday, August 23rd 2012 - 20:39 UTC
Company confirms abundant gas condensate in south Falklands and prepares new drilling program

Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.
Thursday, August 23rd 2012 - 05:59 UTC
Investors wanting safe parking for their money buy 0% German bonds

Germany got bids for 6.24 billion Euros of two-year notes at an auction Wednesday exceeding its 5 billion-Euro maximum sales target, according to a statement from the Bundesbank.