Investments

Monday, August 15th 2011 - 22:32 UTC
Chilean family group interested in taking over Shell assets in Argentina

Chile's Luksic family group plans to buy Royal Dutch Shell Plc's assets in Argentina, which include service stations and the country's second-biggest oil refinery, financial daily Ambito Financiero reported on Monday.
Monday, August 15th 2011 - 22:04 UTC
Rockhopper raises its estimate of oil in North Falkland basin to 608 million barrels

Rockhopper Exploration PLC upgraded its estimates of how much oil it could find off the Falkland Islands, boosting hopes that the remote territory in the South Atlantic could become a new oil province.
Friday, August 12th 2011 - 02:27 UTC
LAN-TAM deal approves first antitrust hurdle in Brazil; complaint in Chile

The antitrust unit of Brazil's Finance ministry on Thursday recommended the approval of a plan by Chilean airline LAN to buy rival Brazilian rival TAM Linhas Aereas, saying the deal will not harm competition in the country's civil aviation market.
Thursday, August 11th 2011 - 06:21 UTC
Brazilean company fully committed to oil exploration off-shore Namibia

Brazilian oil and gas start-up HRT boosted its net potential oil resources 12% to 7.9 billion barrels of oil equivalent (boe) following a certification study of its assets in Namibia.
Tuesday, August 9th 2011 - 07:56 UTC
Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’

Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic.
Saturday, August 6th 2011 - 08:41 UTC
Canadian PM will visit Brazil, Colombia and Central America

Canadian Prime Minister Stephen Harper will visit Brazil, Colombia, Costa Rica and Honduras from August 8 to 12 to promote trade and investments, reinforce democratic governance and advance common security, according to a release from the PM’s office.
Saturday, August 6th 2011 - 08:29 UTC
Soft loans for Brazilian suppliers of the oil and gas industry

Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.
Saturday, August 6th 2011 - 08:26 UTC
Germany’s BMW planning assembly plant in Brazil to cater Mercosur luxury car demand

German automaker BMW said this week it would probably build its first assembly plant in Brazil after strong demand for luxury cars generated stellar earnings for the global leader.
Friday, August 5th 2011 - 01:43 UTC
China takes over South Africa’s Standard Bank network in Argentina

Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan.
Wednesday, August 3rd 2011 - 22:02 UTC
Uruguay’s second pulp project receives 200 million loan from IDB

The Inter-American Development Bank (IDB) approved a 200 million dollars loan for Uruguay’s second major pulp mill investment, Celulosa y Energía Punta Pereira S.A. and Zona Franca Punta Pereira S.A., belonging to the Montes del Plata Group.