Investments

• Monday, October 17th 2011 - 17:24 UTC

  Pirelli to invest 500m in Argentina factory to recover Mercosur tyre market

  

  Facing losing market shares in the Mercosur region, Italy’s Pirelli is to build a new radial truck tyre factory in Argentina involving an investment of 500 million dollars. Construction will begin in 2012, with first-phase capacity on stream in 2014.

• Monday, October 17th 2011 - 14:57 UTC

  Rockhopper is ready to begin drilling another two wells in Falklands’ waters

  

  Falkland Islands explorer Rockhopper Exploration (RKH) has secured the Ocean Guardian drilling rig for another well in the burgeoning oil province.

• Monday, October 17th 2011 - 04:16 UTC

  BHP Billiton plans to invest heavily in Brazilian iron ore extraction

  

  BHP Billiton , the world's biggest miner, is close to launching a £2-billion-pound bid for Brazilian iron ore miner Ferrous Resources, the Sunday Times reported. The newspaper, without citing sources, said talks between BHP and Ferrous Resources started earlier this year and had stepped up in recent weeks.

• Friday, October 14th 2011 - 08:03 UTC

  Argos raises prospective resource by 182% to 2.1 billion barrels of oil

  

  Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, is pleased to issue a new Competent Persons Report (“CPR”) prepared by Senergy (GB) Ltd (“Senergy”).

• Thursday, October 13th 2011 - 07:53 UTC

  Uruguayan First Lady described Vazquez ‘war hypotheses as absurd and a kids’ anecdote

  

  Uruguay’s First Lady Lucia Topolansky described statements from former president Tabare Vazquez referred to a possible ‘war hypotheses’ with Argentina over the paper mill conflict as ‘absurd’ and recommended those words shouldn’t be considered more than a simple kids’ anecdote.

• Thursday, October 13th 2011 - 07:50 UTC

  Colombian president praises US congress for ratifying free trade agreement

  

  President Juan Manuel Santos praised US Congress ratification of a long-stalled free trade agreement with the United States and said it was a historic day for Colombian business and workers.

• Thursday, October 13th 2011 - 07:44 UTC

  Blackberry problems spread to the US and main users in South America

  

  Problems with the Blackberry smart-phone system appear to have spread to the United States and several South American countries. Users began to report loss of services on Wednesday, with many turning to Twitter to complain about their lack of email.

• Thursday, October 13th 2011 - 06:00 UTC

  US Congress approves free trade agreements with Colombia, Panama and S Korea

  

  The United States Congress voted Wednesday on a bipartisan basis to pass long delayed free-trade bills with Colombia, Panama and South Korea.

• Thursday, October 13th 2011 - 05:56 UTC

  Argentina calls on Mercosur to promote inter-trade and cut out of region imports

  

  Argentina called on Latin America to promote inter-trade among the region’s countries replacing the almost 460 billion dollars of manufactured goods from the rest of the world imported in 2010.

• Thursday, October 13th 2011 - 05:53 UTC

  Harrisburg, Pennsylvania becomes first US state capital to file for bankruptcy

  

  The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, making it the first state capital to do so. Harrisburg faces debts of 300 million dollars and has struggled to pay for services.