Investments

• Wednesday, August 3rd 2011 - 02:53 UTC

  Uruguay disappointed with Indian group downgrading iron-ore project priority

  

  The Uruguayan government was taken aback by the announcement that the Indian iron-ore mining group Zamin Ferrous has decided to downgrade the priority of its several hundred millions dollar project in Uruguay from position one to four.

• Tuesday, August 2nd 2011 - 15:41 UTC

  Uruguay condemns statements denying Holocaust by Iran ambassador

  

  Uruguay has condemned statements denying the Holocaust made by Iran's ambassador in Montevideo Hojatollah Soltani

• Monday, August 1st 2011 - 22:51 UTC

  Uruguay/Argentina summit will address canal dredging and power transmission

  

  The dredging of the Uruguay River and access to the Martin Garcia canal as well as importing power from Paraguay are the two main issues of the agenda to be addressed by Presidents Jose Mujica and Cristina Fernandez de Kirchner when they meet Tuesday in Buenos Aires.

• Monday, August 1st 2011 - 22:47 UTC

  Record Foreign Direct Investment in Uruguay in 2010 with 2.35 billion dollars

  

  Foreign Direct Investment, FDI, in Uruguay was record in 2010 with 2.35 billion dollars (47.8% higher than in 2009) according to the latest report on global investment from the UN Conference on Trade and Development, UNCTAD. FDI represented 30.5% of total gross investment in Uruguay last year.

• Tuesday, July 26th 2011 - 08:25 UTC

  S&P upgrades Uruguay’s rating to BB+, just one notch below investment grade

  

  The credit rating agency Standard & Poor’s upgraded on Monday Uruguay’s rating by one notch to BB-plus, only one notch below investment grade, praising years of “prudent and consistent” economic policies in the country.

• Tuesday, July 26th 2011 - 08:06 UTC

  Mexico Pemex buys Repsol shares, becomes third largest stock holder

  

  Mexico's state oil monopoly Pemex said on Monday it recently bought 825,150 shares in Repsol YPF, increasing its stake in the Spanish company to 5%. The stock purchase took place on July 13, Pemex's finance department said, without giving details of the cost of the deal.

• Monday, July 25th 2011 - 22:10 UTC

  Chile’s Comptroller clears Piñera of conflict of interest in Patagonian coal mine

  

  Opposition to the Isla Riesco coal-mining project in the extreme south of Chilean Patagonia suffered a setback Thursday when Chile’s Comptroller General rejected accusations of a conflict of interest at the highest level of government.

• Monday, July 25th 2011 - 21:44 UTC

  UAE global port operators take control of two terminals in Suriname

  

  Global Marine terminal operator DP World Limited announced that it has expanded its portfolio to former Dutch colony Suriname on the northeast coast of South America, acquiring a controlling interest in both Integra Port Services (‘IPS’) and in Suriname Port Services (‘SPS’).

• Monday, July 25th 2011 - 21:09 UTC

  Caterpillar expands diesel-electric locomotive manufacturing plant in Brazil

  

  A subsidiary of Caterpillar Inc., Progress Rail, announced plans to locate a locomotive manufacturing facility in the state of Minas Gerais to supply Brazil’s diesel-electric locomotive market.

• Monday, July 25th 2011 - 21:01 UTC

  China determined to break the grip of the three major global iron ore miners

  

  China, the world's largest steelmaker and iron ore consumer, has set a target of dramatically increasing ore imports from Chinese-invested resources in the steel industry's 12th Five-Year Plan (2011-2015), an industry official said.