Investments

• Monday, July 25th 2011 - 21:01 UTC

  China determined to break the grip of the three major global iron ore miners

  

  China, the world's largest steelmaker and iron ore consumer, has set a target of dramatically increasing ore imports from Chinese-invested resources in the steel industry's 12th Five-Year Plan (2011-2015), an industry official said.

• Monday, July 25th 2011 - 20:34 UTC

  IAE engines for Brazil’s Embraer first defence cargo aircraft KC-390

  

  Brazil’s Embraer, the world's biggest maker of regional aircraft, chose International Aero Engines as engine supplier for its military transport plane KC-390, signalling that the company is moving ahead in its venture into defence within schedule.

• Thursday, July 21st 2011 - 09:23 UTC

  American Airlines places world’s largest aircraft order: 460 Boeing and Airbus

  

  American Airlines has made the world's largest aircraft order, with a plan to buy 460 planes from Boeing and Airbus and options to acquire 465 more. The deal is worth 40 billion US dollars at list prices, with options taking the total to 81bn.

• Tuesday, July 19th 2011 - 17:11 UTC

  Blackberries to be assembled in Tierra del Fuego with Argentine input

  

  United States Hewlett-Packard and Canada’s Research in Motion, (RIM) (Blackberries) have agreed to set up an assembly plant for notebooks and smart-phones in Tierra del Fuego, extreme south of the country.

• Tuesday, July 19th 2011 - 05:38 UTC

  Falklands’ third appraisal oil well results should be known by end of August

  

  Falklands’ Rockhopper Exploration, the oil and gas explorer, pressed ahead with its hunt for oil in the North Falklands with the drilling of its third appraisal well on the Sea Lion Discovery feature last week.

• Wednesday, July 13th 2011 - 16:16 UTC

  Battle for majority control of Brazil’s retail industry falls through

  

  Brazilian retail tycoon Abilio Diniz has suspended plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour. The move comes after the Brazilian state development bank BNDES and a private fund backed out of supporting the deal.

• Tuesday, July 12th 2011 - 21:01 UTC

  Brazil’s 2016 Olympics deadline running faster that the high-speed train project

  

  Brazil's ambitious high-speed train project was postponed once again due to a lack of bidders but Brazilian officials anticipated they would hold two separate bids for the project to link Rio de Janeiro and Sao Paulo on time for the 2016 Olympic Games.

• Saturday, July 9th 2011 - 07:21 UTC

  Brazil introduces rules on short-dollar positions to curb speculation with the Real

  

  Brazil’s central bank changed currency market rules to curb bets that the Real will appreciate against the dollar, according to an e-mailed statement. Brazil will require that banks make non-interest bearing deposits with the central bank equivalent to 60% of their short dollar positions exceeding 1 billion US dollars, the bank said.

• Saturday, July 9th 2011 - 06:51 UTC

  Obama says debt-limit controversy fuelling uncertainty in the business sector

  

  President Barack Obama cited gloomy jobs numbers as one more reason lawmakers must strike a deal soon to raise the US debt limit, saying the impasse was fuelling uncertainty within financial markets and in the business sector.

• Thursday, July 7th 2011 - 16:37 UTC

  Falklands Rockhopper contracts further drilling of four wells

  

  Rockhopper Exploration plc announced on Thursday a further drilling of four wells offshore the Falkland Islands. The first of them, 14/10-6, will be the third appraisal well on the Sea Lion feature where the discovery of oil at commercial rate has been confirmed.