Investments

• Monday, November 28th 2011 - 21:10 UTC

  Argentina’s Techint moves strongly into Brazil steel business

  

  The Techint Group agreed to pay 5.03 billion Reais (2.7 billion dollars) for a 27.7% voting stake in Brazil’s Usinas Siderurgicas de Minas Gerais to boost access to the largest market for steel in Latin America.

• Monday, November 28th 2011 - 21:04 UTC

  Brazil preparing stimuli plan to boost manufacturing and create jobs

  

  Brazilian president Dilma Rousseff said that the country’s economy which slowed down in the last quarter will retake growth and generate more jobs based on government plans to expand manufacturing.

• Monday, November 28th 2011 - 15:38 UTC

  New drilling in Falklands to confirm southern extension of Sea Lion oil find

  

  Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.

• Saturday, November 26th 2011 - 03:18 UTC

  Strong process of land concentration and in foreign hands in Latam says FAO

  

  A report from the UN Food and Agriculture Organization, FAO, in seventeen Latinamerican and Caribbean countries discovered an intense concentration and foreign-held land process.

• Saturday, November 26th 2011 - 03:15 UTC

  Cuba opens bank loans for small businesses, private farmers and house repair

  

  Cuba has authorised banks to loan money to small businesses, private farmers and people who want to repair or build homes - a revolutionary step for the island's government.

• Saturday, November 26th 2011 - 03:12 UTC

  FAO estimates record oilseed production but soybean crop will be down

  

  Global oilseed production is estimated at record 472 million tons in the 2011-12 marketing year starting October but the growth in output will be subdued, FAO said in a report. Similarly soy bean production is expected to fall to 260.7 million tons from 265.8 million in 2010/2011.

• Wednesday, November 23rd 2011 - 06:27 UTC

  CFK promises pro-growth model, industrial “fine tuning” and dialogue

  

  In a milestone speech on Tuesday anticipating the four years of her next mandate, Argentine President Cristina Fernandez disclosed she would continue with pro-growth policies but also added that a time of ‘fine tuning’ had arrived in which she was willing to address all issues including “investment and inflation” but not through the newspapers.

• Wednesday, November 23rd 2011 - 02:53 UTC

  Argentine minister tells industry to invest 30bn dollars annual to ensure 7% growth

  

  Argentine Industry Minister, Débora Giorgi, came on stage Tuesday at the Industrial Union’s annual conference to defend the “Kirchnerite economic model”, and warned that in order to keep an average growth of 7% as asked by businessmen, they would have to increase their annual investments to 30 billion dollars.

• Monday, November 21st 2011 - 14:31 UTC

  Falkland Oil and Gas begins drilling in the second quarter of 2012

  

  Falkland Oil and Gas (FOGL) confirmed on Monday it was holding talks with potential partners to look for oil and gas in the Falkland Islands and announced that the exploration rig slated to drill four wells in Falklands’ waters is expected in the Islands in late January 2012.

• Monday, November 21st 2011 - 03:52 UTC

  Chile opens ferry line linking Punta Arenas with Puerto Williams

  

  The new ferry that links extreme south ports of Chile was officially presented in Puerto Williams and is already fully operational ahead of the summer season.