Investments

• Thursday, September 6th 2012 - 03:16 UTC

  Argentina cancels bid and opens 20% of 3G spectrum for government company

  

  Argentina announced the government has rejected the proposals made by bidders seeking to gain a public contract to manage up to 25% of the 3G telecommunications frequency nationwide. Instead the federal government satellite and communications company Arsat will get 20% of the available 3G spectrum.

• Wednesday, September 5th 2012 - 06:13 UTC

  Real estate sales in Buenos Aires City lose steam for eighth month running

  

  Real estate sales in Buenos Aires City dropped for the eighth month running in July and 27.6% over a year ago because of the US dollar clamp according to the monthly evolution index of sales documents from the Notaries College of the Argentine capital.

• Wednesday, September 5th 2012 - 05:40 UTC

  Brazil applies 25% tariff increase on 100 imported goods; another 100 list in the making

  

  The Brazilian government approved a 25% tariff increase on an additional list of 100 goods from outside Mercosur and at the same time announced the implementation of a monitoring scheme for those items’ prices in the domestic market to avoid unduly increases.

• Wednesday, September 5th 2012 - 05:34 UTC

  Several heavy players after Marfrig assets, which has to reduce debt

  

  Marfrig Alimentos SA, Brazil’s second-biggest food company, is attracting the interest of Blackstone Group LP and Tyson Foods Inc. for a plan to sell a stake, three people with direct knowledge of the talks said.

• Tuesday, September 4th 2012 - 23:42 UTC

  Russia’s Gazprom ready to help YPF develop gas and non-conventional resources

  

  Argentine nationalized oil company YPF moved forward in the signing of an agreement with Russian state oil company Gazprom to develop conventional and non-conventional gas in Argentina and the eventual supply of liquefied gas.

• Monday, September 3rd 2012 - 06:40 UTC

  LAN first company in the Americas to take delivery of Boeing 787 Dreamliner

  

  Chilean flag carrier LAN became the fourth airline in the world – and the first airline in the Americas –to take delivery of a Boeing 787 Dreamliner. The handover ceremony took place at Boeing 787 production line at Everett, state of Washington.

• Friday, August 31st 2012 - 11:56 UTC

  YPF announces three wells confirm discovery of new shale deposits

  

  Argentina’s recently nationalized oil and gas corporation YPF announced non conventional oil was discovered in five new wells drilled in the Patagonian provinces of Chubut and Neuquen and anticipated that fuel prices in the country will continue to gradually increase to eliminate the gap with competition.

• Friday, August 31st 2012 - 04:52 UTC

  Cristina wants an Audiovisual Pole modelled on Hollywood in Buenos Aires waterfront

  

  Argentina’s leader unveiled an ambitious plan Wednesday to support the country’s television and film creators with a new industrial park along the Buenos Aires waterfront that she hopes will be modelled on Hollywood’s studios.

• Friday, August 31st 2012 - 04:08 UTC

  YPF tempting global oil industry heavyweights with ‘Vaca Muerta’ shale formation

  

  Exxon-Mobil Corp. and Apache Corp. will hold talks with Argentina's YPF next month to discuss further investments in the country's Vaca Muerta shale formation, said a YPF official briefed on the matter.

• Friday, August 31st 2012 - 01:40 UTC

  S&P places Paraguay with “stable outlook” and anticipates strong growth in 2013

  

  Standard & Poor’s credit risk rating agency improved the prospects of Paraguay, removing the country from credit-watch where it had been placed with negative implications last June 25 when the political situation that removed Fernando Lugo as president and subsequent suspension of Paraguay from Mercosur.