Investments

Thursday, August 16th 2012 - 02:26 UTC
Mujica working for more trade agreements and a Mercosur with ‘flexibility’

Uruguay needs “new markets and new partners” and must try to diversify trade with the largest possible number of agreements to make Mercosur more flexible and anticipate the current process in Argentina, said President Jose Mujica.
Thursday, August 16th 2012 - 01:38 UTC
Brazil invites private sector to invest in new highways and railways plan

Brazil's government unveiled on Wednesday measures to lure up to 133 billion Reais (66 billion dollars) in private investment for new roads and railways needed to unclog the country's transportation bottlenecks.
Wednesday, August 15th 2012 - 23:50 UTC
Uruguay discourages short-term capital inflow to ensure macroeconomic stability

Uruguay's central bank unveiled measures on Wednesday aimed at cooling the local Peso's appreciation by discouraging foreign investment in the bank's short-term debt. To combat the Peso's rise, officials ordered that 40% of new foreign capital invested in central bank bills be frozen in an account at the central bank.
Tuesday, August 14th 2012 - 08:27 UTC
LATAM airlines planning a 359 strong fleet by 2014

Chile's newly merged regional carrier LATAM Airlines said on Monday it would spend 7.87 billion dollars on its fleet through 2014. The airline aims to have a 359-strong fleet by 2014, up from the 319 planes projected for this year.
Tuesday, August 14th 2012 - 08:08 UTC
YPF plans to issue 760m dollars in bonds; Argentina fuel imports soar in June

Argentina’s nationalized YPF oil and gas corporation will issue bonds for 3.5 billion Pesos (760 million dollars) as part of its push to reduce fuel imports by investing in domestic output, the energy company said in a letter to regulators on Monday.
Monday, August 13th 2012 - 04:54 UTC
Major oil companies vote of confidence for Falklands’ hydrocarbons industry

The incorporation of a major oil company is a sign of confidence in the future of the Falklands hydrocarbons industry and by any standards “absolutely fantastic”, said the Islands governor Nigel Haywood during an official reception at Government House for Rockhopper Exploration and their UK partners Premier Oil.
Saturday, August 11th 2012 - 11:38 UTC
Peru will host leaders’ summit of Arab and South America countries in October

Peru will be hosting next October the III Summit of heads of state and government from South America and Arab nations which is expected to bring together 32 countries, according to Deputy Foreign Affairs minister Jose Beraún.
Saturday, August 11th 2012 - 11:26 UTC
“Two tough years” ahead for Uruguayan construction and real estate

The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.
Saturday, August 11th 2012 - 11:03 UTC
China only interested in commodities, not in products that reach supermarkets

Trade with China for Argentina has great opportunities but also great threats because the Asian giant is only interested in produce with no added value, warned the head of Argentina’s Industrial Union, Ignacio De Mendiguren.
Saturday, August 11th 2012 - 10:56 UTC
Bill Gates finances research project to improve corn yields

Billionaire computer magnate Bill Gates is to fund a €8m research project into whether cereal crops can be genetically engineered with nitrogen-fixing bacteria.