Investments

• Friday, November 18th 2011 - 05:27 UTC

  Peugeot and GM Argentina promise not to remit dividends for two years

  

  The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.

• Wednesday, November 9th 2011 - 07:24 UTC

  MPs visiting Falklands commit support to help with Argentine “blockade” situation

  

  British members of parliament visiting Falklands say UK will keep diplomatic channels with Argentine open, but will pursue other options for communications and trade

• Friday, November 4th 2011 - 08:39 UTC

  South African group awarded contract to build St Helena international airport

  

  The St Helena Government this week entered into a contract with South Africa’s Basil Read (Pty) Ltd in the amount of £201.5 million for the design and construction of the airport, an additional up to £10 million in shared risk contingency, and £35.1 million for ten years of operation.

• Friday, November 4th 2011 - 08:31 UTC

  ‘Ocean Guardian’ oil rig leaves Falkland Islands waters by March 2012.

  

  The Ocean Guardian oil rig is Falkland Islands waters since February 2010 prepares to leave the Islands in early 2012 for a contract with another operator.

• Thursday, November 3rd 2011 - 08:03 UTC

  Desire Petroleum plc Press Release

  

  Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, announces that the rig contract with Diamond Offshore Drilling (UK) Ltd for use of the drilling unit the Ocean Guardian for operations in the North Falkland Basin has been amended.

• Wednesday, November 2nd 2011 - 03:53 UTC

  LAN and TAM move ahead with merger to be completed in early 2012

  

  Chilean flag-carrier LAN SA and Brazil's TAM SA have unveiled senior management changes as their plan to merge advances. The merger is expected to be completed in the first quarter, and will see the two airlines taken over by a new holding company, LATAM Airlines Group, the companies said in a statement.

• Saturday, October 29th 2011 - 03:42 UTC

  Falklands’ Desire Petroleum shows report confirming prospectivity of its licences

  

  Falkland Islands oil explorer Desire petroleum unveiled Friday a new competent person's report (CPR), which it hailed as confirmation of the “prospectivity” of its licences.

• Friday, October 28th 2011 - 04:56 UTC

  IDB loan to promote tourism destinations and activities along the River Uruguay

  

  The Inter-American Development Bank (IDB) approved a loan for 5 million dollars to promote tourism in six Uruguayan departments with the aim of boosting foreign exchange earnings, income, and employment.

• Thursday, October 27th 2011 - 20:41 UTC

  VW plans 2bn factory in Pernambuco with Brazilian long-term soft loan

  

  Volkswagen AG is negotiating with Brazilian authorities to build a 2 billion dollars factory in Brazil -- the latest foreign automaker looking to raise local output after a tax increase on imported cars

• Thursday, October 27th 2011 - 16:24 UTC

  FDI in Argentina falls 30%; in Brazil and Colombia soars 157% and 91%

  

  Foreign direct investment, FDI, in Argentina fell 30% in the first six months of this year, while the whole of Latin America and the Caribbean received 54% more, the United Nations Economic Commission for Latin America said in a report on its website.