Investments

Thursday, October 6th 2011 - 05:08 UTC
Renault-Nissan plans to double production and market share in Brazil

French automaker Renault will invest 285 million dollars to expand its factory in Brazil and boost production as part of a sales offensive in Latin America's largest economy, Chief Executive Carlos Ghosn announced on Wednesday.
Wednesday, October 5th 2011 - 08:08 UTC
Latam’s largest airline merger project appeals several anti-trust conditions

Chile's LAN Airlines and Brazilian carrier TAM have appealed to Chile's top court some of the conditions imposed on their planned merger as the companies push ahead to create one of the world's biggest airlines.
Saturday, October 1st 2011 - 05:50 UTC
Achieving investment grade is “not critical” for Uruguay, says Economy minister

Achieving investment grade in the current global scenario is “not critical” for Uruguay since the country has sufficient financing and operates in world markets as “if it had a better rating than it actually has”, said Economy minister Fernando Lorenzo.
Friday, September 30th 2011 - 06:13 UTC
Chilean/Swedish group ensure 1.35billion dollars to finance pulp plant in Uruguay

The Chilean group Arauco, an affiliate of the pulp and paper Copec Enterprises announced on Thursday that together with its European partner they had subscribed 1.354 billion dollars in loans for the construction of a pulp plant in Uruguay.
Friday, September 30th 2011 - 06:09 UTC
Falklands’ B&S Petroleum confirms 197m dollars to drill two wells in Jan/Feb

Falkland Islands oil and gas explorer Borders & Southern Petroleum has swung into the black, just months before it embarks on its drilling program in the South Falkland Basin. The company posted pre-tax profits of 761.211 dollars in the six months ended June 30, compared to a loss of 672.185 in 2010.
Thursday, September 29th 2011 - 16:03 UTC
Argentina leader in use of nuclear power for peaceful purposes, says CFK

President Cristina Fernández de Kirchner (CFK) opened on Wednesday the country’s third nuclear plant Atucha II, in the Greater Buenos Aires district of Zárate, and highlighted the fact that “Argentina is leader in the use of nuclear power for peaceful purposes.”
Wednesday, September 28th 2011 - 22:18 UTC
Falklands’ Argos needs additional capital for drilling set to begin at end of year

Falklands based Argos Resources expects to drill its first well on license PL001 in the North Falkland basin in late-2011 or early-2012, using the semi submersible rig Ocean Guardian, currently operating in the Islands’ waters.
Wednesday, September 28th 2011 - 06:21 UTC
Japan’s number 2 automaker plans to increase production in Brazil

Japan's number two automaker, is planning to invest 1.5 billion dollars to build a factory in Brazil that might produce electric cars, according to reports in the media.
Tuesday, September 27th 2011 - 23:45 UTC
Odyssey locates British WW II shipwreck with 200m silver haul onboard

A British cargo ship sunk during the Second World War has been discovered in the Atlantic with the world's largest ever haul of precious metal onboard.
Monday, September 26th 2011 - 17:02 UTC
Falklands’ Rockhopper spuds new well and plans another drilling slot

Rockhopper Exploration is in talks with Diamond Offshore about lining up another drilling slot as it spuds a well off the Falkland Islands. Diamond Offshore are the owners of the Ocean Guarding drilling rig contracted by Desire Petroleum and involved in the current hydrocarbons exploration round.