Investments

• Saturday, May 5th 2012 - 06:35 UTC

  Spain says Argentina should follow Bolivia example and pay a ‘fair price’ for YPF

  

  Toning down its initial strong reactions to the nationalization of Spanish controlled YPF Spain’s Foreign minister Jose Manuel Garcia Margallo said that Argentina should pay a “fair price” for the oil company citing a similar case in Bolivia this week.

• Saturday, May 5th 2012 - 06:31 UTC

  A successful oil and gas engineer with global experience, YPF next CEO

  

  A drilling engineer with a long experience in the oil and gas industry Miguel Galuccio, 44, will be taking over as of next Monday as manager of the nationalized YPF corporation, announced on Friday Argentine President Cristina Fernandez.

• Saturday, May 5th 2012 - 06:26 UTC

  Uruguay supports Argentina’s seizure of YPF but countries decide “proceedings”

  

  Uruguayan Foreign Minister Luis Almagro backed Argentina’s controversial decision to nationalize the country's biggest oil company YPF arguing countries’ right to recover a strategic market is “indisputable”.

• Friday, May 4th 2012 - 17:16 UTC

  Brazil committed to compete with China in Africa for resources and growing market

  

  Brazil pledged major investment and technology transfer to Africa to repay a “solidarity debt” from a country with a huge black population to the poorest but resource-rich continent.

• Friday, May 4th 2012 - 06:11 UTC

  YPF vote splits opposition Radical party; dissenters blame government for the energy policy

  

  Even when the YPF nationalization bill in the Argentine Lower House was passed with support from most opposition parties, including the two main groupings the event was not without incidents.

• Friday, May 4th 2012 - 06:01 UTC

  Euphoric Argentine lawmakers celebrate final approval of YPF seizure

  

  After a two-day session, Argentina’s Lower House voted late Thursday night 207-32 in favour of expropriating energy corporation YPF, clearing the way for President Cristina Fernandez to sign the controversial bill into law.

• Friday, May 4th 2012 - 00:26 UTC

  BG selling lucrative asset in Brazil to focus on oil and gas fields

  

  UK gas producer BG Group has announced a deal to sell its stake in Brazil's Comgas to Sao Paulo-based Cosan for 1.8bn dollars. BG said it expected to deal to be completed by the end of the year.

• Thursday, May 3rd 2012 - 23:23 UTC

  FDI in several Latam countries during 2011 marked a historic record

  

  Foreign Direct Investment, FDI, in Latin America and the Caribbean during 2011 reached 153.448 billion dollars, which represents 10% of the global total flows according to a report presented on Thursday by the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile.

• Thursday, May 3rd 2012 - 07:39 UTC

  US and EU concerned with “investment climate” following Bolivia’s seizure of Spanish power company

  

  Bolivian President Evo Morales Government’s decision to nationalize the main power transport company that was in hands of Red Eléctrica Española (REE) generated claims from Spain, while United States and the European Union showed their “concern.”

• Wednesday, May 2nd 2012 - 22:42 UTC

  With oil development in mind, Falklands’ trade delegation visits Aberdeen and Shetlands

  

  A numerous delegation from the Falkland Islands Chamber of Commerce is on its way to Scotland for a five day high-profile meeting with peers from Aberdeen and the Shetland Islands which begins next May 8.