Investments

• 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.

• Tuesday, December 13th 2011 - 22:23 UTC

  Southwest Airlines makes largest aircraft order: 208 Boeing single-aisles 737

  

  The US Southwest Airlines ordered single-aisle 737s with a catalog value totaling 19 billion dollars from Boeing Co., the largest aircraft order ever and the first to include the more fuel-efficient MAX variant.

• Tuesday, December 13th 2011 - 16:08 UTC

  Rockhopper announces “fantastic result” with third oil discovery in Falklands

  

  Rockhopper Exploration PLC reported a “fantastic result” as its third discovery in the North Falkland basin encountered oil and-or wet gas in four hydrocarbon-bearing target zones, said the company on a Tuesday release in London.

• Tuesday, December 13th 2011 - 08:46 UTC

  Falklands oil exploration update

  

  Desire Petroleum plc (AIM:DES) the exploration company wholly focused on the North Falkland Basin notes the announcement made today by Rockhopper Exploration plc (“the Operator”) regarding the 14/15-4 well. Desire has a 40% carried interest in this well.

• Saturday, December 10th 2011 - 20:50 UTC

  CFK ratifies model but calls for competitiveness from labour and corporations

  

  Argentine President Cristina Fernández began on Saturday before Congress her second term with a seventy minutes speech strongly focused on domestic issues with clear messages to labour, corporations, the financial sector, the Judiciary but also a “fine tuning” pledge to continue with the current national, popular, inclusive economic development model.

• Saturday, December 10th 2011 - 05:55 UTC

  Argentina and Brazil agree to jointly promote trade and manufacturing

  

  Argentina and Brazil agreed on Friday to “increase” in the “short term” regional trade in a shared strategy to address the consequences of the global crisis. The commitment was endorsed by Argentina’ Industry minister Debora Giorgi and her Brazilian counterpart Fernando Pimentel.

• Saturday, December 10th 2011 - 05:54 UTC

  Moody’s downgrades the debt of the three main French banks

  

  Ratings agency Moody's downgraded the debt of BNP Paribas, Societe Generale, and Credit Agricole on Friday, citing deteriorating liquidity and funding conditions.