Investments

• Thursday, March 15th 2012 - 22:17 UTC

  Quick reply to Argentina: UK reaffirms Falklands’ right to develop hydrocarbons resources

  

  Britain waited only a few minutes for Argentina to finish detailing a barrage of legal and administrative threats against anybody and everybody involved in the Falklands oil industry, and firmly stated its full support to the Islanders development of their hydrocarbons resources.

• Thursday, March 15th 2012 - 06:07 UTC

  YPF survival battle to remain private took off in two Patagonian provinces

  

  The governments of the Patagonian provinces of Chubut and Santa Cruz announced the termination of the contract of exploitation of four different oil wells that YPF handles in the Gulf San Jorge and that both provinces share. Spain’s Repsol, the oil giant that controls YPF has announced it will file a lawsuit against the measure.

• Thursday, March 15th 2012 - 00:40 UTC

  US-Canada and EU agree to end ‘beef war’; Brussels grants 48.000 tons quota

  

  European Parliament has backed a deal that will increase EU imports of beef from the US and Canada and help European food exporters. A row over growth hormones used on North American cattle ranches led to a trade war lasting more than 20 years.

• Tuesday, March 13th 2012 - 07:24 UTC

  First deadline for Repsol-YPF: invest or loose concessions in Chubut

  

  Argentine Patagonia Chubut province could move to revoke oil and gas concessions held by Spain’s Repsol controlled oil and gas giant YPF SA as soon as Wednesday, a provincial official said Monday.

• Friday, March 2nd 2012 - 05:41 UTC

  US remains interested in purchase of Brazilian attack aircraft for Afghanistan

  

  United States remains interested in a possible purchase of light attack aircraft made by Brazil's Embraer despite cancelling a contract this week, a top US official said Thursday.

• Thursday, March 1st 2012 - 23:11 UTC

  Argentina and Spain agree to a working group to help resolve YPF ‘differences’

  

  Spain and Argentina formed a working group to resolve their “differences” over YPF, the Argentine oil company majority-owned by Madrid-based Repsol-YPF, Industry Minister Jose Manuel Soria said.

• Tuesday, February 28th 2012 - 17:37 UTC

  Santiago de Chile has the tallest building in South America

  

  Santiago de Chile has the highest skyscraper in South America: the Gran Torre Costanera reached this condition when it surpassed the 300 metres height. The 107.125 square metres block has been designed by Chilean architects Alemparte, Barreda & Associates together with Pelli, Clarke, Pelli Architects, responsible for the Petrona Towers in Kuala Lampur.

• Tuesday, February 28th 2012 - 04:21 UTC

  Europe’s biggest bank with record profits from operations in Latam and Asia

  

  HSBC Holdings Plc said a 1 billion dollars increase in its wages bill in Brazil, China and other emerging markets was the price of avoiding the stagnant growth which has dogged some rival lenders more dependent on Europe.

• Monday, February 27th 2012 - 19:56 UTC

  Repsol-Sinopec makes huge oil discovery off-shore Brazil: 250m boe

  

  Spain's Repsol and China's Sinopec have made an oil discovery offshore Brazil that could be one of the biggest so far in the area and that boosted confidence that across in Africa, Angola's deepwater reserves may be abundant too.

• Thursday, February 23rd 2012 - 05:19 UTC

  Spanish corporations freeze investment in Latam fearing the global crisis

  

  Spain’s main corporations are freezing investments in Latinamerica this year with no chances of an increase given the risk of the global financial crisis hitting negatively in the region, particularly Brazil and Mexico.