Investments

Thursday, January 5th 2012 - 05:15 UTC
Swedish contractor to expand Argentine railroad network to Bahía Blanca

Argentina is expanding its railroad network to cope with increasing demands for its growing export sector plus expectations of a boost in transit trade from landlocked Paraguay and regional commerce.
Wednesday, January 4th 2012 - 06:09 UTC
China’s Sinopec buys stake in five shale projects in the US

Devon Energy Corp announced Tuesday the sale to China’s Sinopec of a one-third stake in five shale projects in the United States. The terms of the deal call for China’s No. 2 oil company to pay 900 million dollars in cash to the US firm and contribute 1.6 billion toward the cost of drilling.
Monday, January 2nd 2012 - 06:41 UTC
Brazil’s Bovespa index declined 18.1% in 2011 closing at 56.754 points

In spite of a slight gain in the last trading day of 2011 the Brazilian stocks benchmark index experienced an 18.1% decline in the twelve months on concerns that Europe's debt troubles could lead to another global recession.
Monday, January 2nd 2012 - 06:21 UTC
Saudi dairy farm buys 30.000 acres of prime land in Argentina

Saudi Arabia's largest dairy company announced it was buying Argentine farm operator Fondomonte for 83 million dollars to secure access to a supply of animal feed. The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of farmland just ahead of tough new limits to be imposed by Argentina's government on foreign ownership of productive land.
Friday, December 30th 2011 - 21:10 UTC
Rockhopper completes sidetracking of its latest well in Falklands’ waters

Rockhopper Exploration, the oil and gas group working in the Falkland Islands announced on Friday it has completed coring and logging operations on a sidetrack of its latest well in the North Falkland Basin
Wednesday, December 28th 2011 - 03:58 UTC
Mexican telecoms giant planning to invest 5.4bn dollars in Brazil

The Brazilian subsidiaries of Mexican telecoms giant America Movil are planning 10 billion Reais (5.4 billion dollars) worth of new investment in 2012, Folha de São Paulo said on Tuesday.
Wednesday, December 28th 2011 - 03:41 UTC
Falklands have three options for a new deep water port

The location of a new deep water port for the Falkland Islands been narrowed down to three potential sites: Mare Harbour, Navy Point (north of the Camber) and Stanley harbour (FIPASS) it was confirmed at the Executive Council meeting last week following a discussion of the issue.
Wednesday, December 28th 2011 - 03:31 UTC
Madrid has first woman mayor; promises to bid for 2020 Olympic Games

Ana Botella, the wife of former Spanish Prime Minister Jose Maria Aznar, was sworn-in Tuesday as Madrid’s first woman mayor. She succeeds Alberto Ruiz-Gallardon, mayor of the capital since 2003, who resigned to serve as Justice Minister in the new Conservative government of Prime Minister Mariano Rajoy.
Wednesday, December 28th 2011 - 03:30 UTC
UK ambassador in Chile “concerned” with “economic blockade” on the Falklands

The British Ambassador to Chile, Jon Benjamin, expressed on Tuesday UK’s “concern” over “countries that have joined” the Mercosur bloc in their decision to support Argentina, by putting in place a ban on ships flying the Malvinas Islands’ flag from docking at their ports.
Wednesday, December 28th 2011 - 03:27 UTC
US criticizes Japan for intervening to halt the rise of the Yen in the last 6 months

The US Treasury on Tuesday criticized Japan's interventions to halt the Yen's rise in the last six months, saying they were unnecessary and that Tokyo would do better to strengthen its domestic economy and competitiveness.