Investments

• Tuesday, December 27th 2011 - 13:52 UTC

  Cuba advances with capitalist reforms to install efficient market economy

  

  Cuba will open up more of the country's retail services to the private sector next year, allowing Cubans to operate various services such as appliance and watch repair, and locksmith and carpentry shops, official media reported on Monday.

• Monday, December 26th 2011 - 21:10 UTC

  Brazil overtakes the UK and becomes the world’s sixth largest economy

  

  Brazil has overtaken the UK as the world's sixth largest economy according to the Centre for Economics and Business Research, CEBR. The latest World Economic League Table also showed Asian countries moving up and European countries falling back.

• Monday, December 26th 2011 - 21:08 UTC

  “Grand principles don’t impress” IMF chief reminds the Euro zone leaders

  

  The head of the International Monetary Fund said that the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system.

• Friday, December 23rd 2011 - 04:39 UTC

  “We can never accept the Argentine government’s challenge to Falklands self-determination”

  

  “We will always maintain our commitment to you on any question of sovereignty because your right to self-determination is the cornerstone of our policy”, said British Prime Minister David Cameron in his Christmas message to the Falkland Islands.

• Thursday, December 22nd 2011 - 21:02 UTC

  Hague and Almagro to discuss Falklands’ flagged vessels restrictions on Friday

  

  Britain’s Foreign Secretary William Hague and Uruguay’s Foreign Affairs minister Luis Almagro will discuss the Falklands/Malvinas flagged vessels issue on Friday according to a release from the British embassy in Montevideo

• Friday, December 16th 2011 - 06:30 UTC

  FDI in Brazil jumped four times since 2005 totalling 661bn; US main investor

  

  Foreign direct investment (FDI) in Brazil expanded fourfold between 2005 and last year, from 162.8 billion to 660.5 billion dollars, the country’s central bank said on Thursday.

• Friday, December 16th 2011 - 06:09 UTC

  Maersk orders from Chile two offshore supply vessels for Canada

  

  Maersk Supply Service has contracted Chilean shipyard Asenav, the country’s largest private yard, to build two new offshore vessels, with an option for up to four more.

• Thursday, December 15th 2011 - 15:32 UTC

  Lan-Tam clears Brazil antitrust regulator, becomes world’ second largest carrier

  

  Chile Lan Airlines planned 3.2 billion dollars acquisition of Tam SA was approved by Brazil’s antitrust regulator, clearing the final regulatory hurdle for the formation of the world’s second-largest carrier.

• Wednesday, December 14th 2011 - 18:05 UTC

  China questions safety of Brazil’s dry bulk carriers, the world’s largest

  

  China should be in no rush to allow Brazil’s new Valemax ships, the world's largest dry bulk carriers, into its ports, as they have not been thoroughly tested and any oil leak from one could be catastrophic, an influential Chinese industry group warned on Tuesday.

• Wednesday, December 14th 2011 - 03:52 UTC

  Sony to manufacture notebooks in Tierra del Fuego

  

  Argentina’s Ministry of Industry announced Tuesday an investment of 30 million dollars for the manufacturing of mini-components, notebooks and LCD television sets in the province of Tierra del Fuego, extreme south of the country.