Investments

Friday, June 3rd 2011 - 12:43 UTC
Hyundai plans to produce 150.00 vehicles at its first plant in Brazil

Hyundai Motor Company, South Korea’s largest automaker is constructing its seventh overseas plant in Piracicaba, Sao Paulo state, Brazil to actively respond to soaring demand in one of the world’s fastest growing markets and to bring its manufacturing presence in so-called BRIC countries full circle.
Thursday, June 2nd 2011 - 09:36 UTC
Argentina’s second biggest soybean producer expands in Brazil; plans shares sale

Argentina’s second- biggest soybean producer Los Grobo, plans to transfer some assets to a new company and sell shares of the business in an initial public offering in Brazil.
Thursday, June 2nd 2011 - 09:02 UTC
CFK invites Italian businesses to invest in Argentina; announces “new phase in relations”

Argentine president Cristina Fernandez de Kirchner invited Italian business-people to invest in Argentina underlining the close links between the two countries and the fact her visit was the re-launching of normal relations after a decade.
Thursday, June 2nd 2011 - 08:57 UTC
Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.
Thursday, June 2nd 2011 - 04:15 UTC
Brazil gives definitive approval to world’s third largest hydroelectric dam project

Brazil's environment agency gave its definitive approval Wednesday for construction of the Belo Monte hydroelectric dam, a controversial 17 billion US dollars project in the Amazon that has drawn criticism from native Indians and conservationists.
Thursday, June 2nd 2011 - 03:59 UTC
Uruguay rejects Zamin Ferrous mining project environment impact report

Uruguay made a long list of objections to the environment impact assessment study presented by the Aratiri mining project which plans open-pit extraction of magnetite (ferrous component) from vast resources in Valentines, the heart of the South American country.
Wednesday, June 1st 2011 - 17:43 UTC
Luksic family takes over Shell’s business in Chile for 663 million USD

Chilean conglomerate Quinenco SA announced Tuesday it completed the purchase of Royal Dutch Shell PLC's local business for 633 million US dollars.
Wednesday, June 1st 2011 - 16:23 UTC
Falklands’ appraisal well confirms oil quality at Sea Lion prospect discovery

Rockhopper Exploration operating in the North Falkland basin has provided an upbeat update on its second appraisal well, 14/10-5, on the Sea Lion discovery which was drilled 600 m north of the 14/10-2 discovery well to a TD of 2,726 m.
Wednesday, June 1st 2011 - 09:02 UTC
LAN will seek another partner to expand globally if merger with Brazil’s TAM falls

Chile's LAN Airlines will seek another partner or explore other options to expand internationally if a local antitrust tribunal rules against a planned merger with Brazil's TAM, according to an interview published by leading daily El Mercurio.
Tuesday, May 31st 2011 - 22:57 UTC
Cristina Fernandez plans to launch re-election bid June 23, says close associate

Argentine President Cristina Fernández de Kirchner may announce her bid to run for re-election at a rally on June 23, according to ruling-party lawmaker and close associate of the head of state, Carlos Kunkel.