Investments

• Friday, July 6th 2012 - 01:28 UTC

  Big moves in Brazilian cement market to prevent further industry concentration

  

  Brazil’ competition regulator Cade approved Brazilian industrial group Camargo Correa's June purchase of a controlling stake in Portuguese cement maker Cimpor, subject to several conditions.

• Thursday, July 5th 2012 - 07:51 UTC

  Argentina’s top 20 banks will have to lend for investment, says CFK

  

  In a further attempt to prop the economy and promote investment funding Argentine President Cristina Fernández, CFK, announced on Wednesday that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.”

• Wednesday, July 4th 2012 - 23:21 UTC

  Argentine economy forecasted to enter recession in second half, but could still end 2012 positive

  

  The odds that Argentina's economy will enter a recession in the second half of this year held above 95% for a second consecutive month in the closely followed monthly leading indicator published by Torcuato Di Tella University, UTDT.

• Wednesday, July 4th 2012 - 18:37 UTC

  Argentine high court ruling delays mining in glacier and peri-glacier areas

  

  Canadian mining giant Barrick Gold Corp. suffered a legal setback on Tuesday as Argentina's Supreme Court reversed preliminary injunctions that have blocked key parts of a glacier protection law.

• Tuesday, July 3rd 2012 - 19:05 UTC

  China scraps plan to build 5 billion dollars steel plant in Brazil

  

  A major Chinese steelmaker has scrapped a plan to build a five-billion-dollar factory in Brazil due to high costs and a slump in global prices for the metal, state media said Tuesday.

• Tuesday, July 3rd 2012 - 18:46 UTC

  Bank of China expands in Brazil following 30bn dollars swap agreement

  

  Bank of China plans to cash in on the expanding bilateral trade between China and Brazil and the recent currency swap agreement between the two central banks.

• Monday, July 2nd 2012 - 05:43 UTC

  World’s largest brewer takes over Mexico’s Corona-Modelo group for 20.1bn

  

  Anheuser Busch InBev, the world's biggest brewer, is taking over Mexico's Grupo Modelo for 20.1 billion dollars giving it dominance in Latin America's second-largest economy and adding Corona, the top-selling imported beer in the United States, to its brands.

• Monday, July 2nd 2012 - 05:28 UTC

  Brazil’s Vale gets green light for largest ever iron ore mining project

  

  The world's number two mining company, Brazil’s Vale Doce said it received an environmental license to build its biggest-ever iron ore mine, an Amazon region project that holds about one trillion dollars of reserves at current prices.

• Saturday, June 30th 2012 - 03:59 UTC

  YPF stock trades normally at NYSE after complying with requirements

  

  Argentine seized YPF energy company informed on Friday that its American Depositary Shares (ADS) were listed back in to trade in New York after being de-listed for almost two months for not complying with auditory regulations.

• Friday, June 29th 2012 - 03:00 UTC

  Uruguay’s project for a deepwater port on the Atlantic takes off

  

  Uruguay’s government is going forward with plans to build its first deepwater port along the Atlantic coastline in a place called “La Angostura”, an investment estimated in over 700 million dollars and which it wants to use as a platform to begin exporting iron-ore to China.