Investments

• Saturday, July 21st 2012 - 06:08 UTC

  Angola approves wide-ranging cooperation agreement with Brazil

  

  Angola’s National Assembly approved this week the Joint Declaration on the Establishment of Strategic Partnership with Brazil, as well as the draft resolution on Cooperation between the two countries in defence domain.

• Friday, July 20th 2012 - 08:07 UTC

  Argentina announces development of huge potassium deposits with Brazil

  

  President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.

• Friday, July 20th 2012 - 00:00 UTC

  Brazil’s development bank speeding disbursements for infrastructure projects

  

  Lending by Brazil’s state development bank BNDES unexpectedly rose in the first five months of the year, led by disbursements to infrastructure projects, in an encouraging sign of investment recovery in Latin America's largest economy.

• Thursday, July 19th 2012 - 07:58 UTC

  US oil companies interested in investing in YPF, but have their conditions…

  

  At least four leading US oil corporations are interested in investing in Argentina’s nationalized YPF but are demanding a law that guarantees investments, direct export of oil and remittance of benefits.

• Thursday, July 19th 2012 - 07:25 UTC

  Argentine province suspends mining project from Canadian company Osisko

  

  A court from the Argentine province of La Rioja ruled in favour of suspending the mining project led by Canadian company Osisko in Famatina until the Glaciers Law is applied in the area.

• Wednesday, July 18th 2012 - 08:18 UTC

  “New” YPF first shareholders’ meeting turns dividends into investment fund

  

  Argentina’s seized oil and gas corporation YPF drastically cut dividend payments and created an investment fund following the first shareholders meeting since the nationalization by President Cristina Fernandez.

• Wednesday, July 18th 2012 - 07:34 UTC

  Indian company scraps largest iron-steel development plan in Bolivia history

  

  India's Jindal Steel and Power scrapped plans Tuesday to invest 2.1 billion dollars in a Bolivian mining project and blamed the country’s “non-friendly business attitude” for the deal's collapse.

• Tuesday, July 17th 2012 - 19:07 UTC

  Mexican group sells 15 Caesar Park hotels in South America to French operator

  

  Mexican hotel operator Grupo Posadas said Monday it reached an agreement to sell its properties and management contracts in South America to French hospitality company Accor for 275 million dollars.

• Tuesday, July 17th 2012 - 04:55 UTC

  Premier Oil Falklands’ deal has full support from Foreign Office and markets

  

  Britain's Premier Oil which reached a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands took advice from the Foreign Office before closing the deal, according to UK media.

• Tuesday, July 17th 2012 - 04:51 UTC

  Argentina warns UK company over involvement in Falklands’ oil production

  

  Argentina will take legal actions against Britain's Premier Oil after the company agreed to invest 1 billion dollars to help develop an oil field off the disputed Falkland Islands, Argentina's Foreign Ministry said on Monday.