Investments

• Monday, July 23rd 2012 - 09:09 UTC

  Brazil moves into Ghana with 96million dollars loan for small farmers

  

  Ambassador to Ghana, Irene Vida Gala announced that Brazil has plans to make available a 96-million-dollar loan facility to boost small-scale and rural farming in Ghana to help increase food production and subsequently improve the country’s bread basket.

• Saturday, July 21st 2012 - 07:17 UTC

  YPF building credibility buys back 79 million dollars in 2028 bonds

  

  Argentina's nationalized oil and gas company YPF said on Friday it had bought back 79 million dollars in 2028 bonds that it was obliged to repurchase in the case of a state takeover.

• Saturday, July 21st 2012 - 06:59 UTC

  Bolivia raids the offices of India’s Jindal alleging “breach of contract”

  

  Bolivian prosecutors with the support from police and military forces on Friday raided the offices of India’s Jindal in La Paz as part of an investigation for an alleged “breach of contract” following the company’s confirmation it was abandoning the huge iron-ore mining project of El Mutún.

• Saturday, July 21st 2012 - 06:16 UTC

  Chinese electric-battery buses for Uruguay; the first arrive at end of 2012

  

  China’ BYD has inked another strategic deal for its electric bus products, this time in Uruguay with one of the country’s leading tourism companies. The agreement was witnessed by Uruguay’s president Jose Mujica.

• 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.