Investments

• Tuesday, February 1st 2011 - 13:37 UTC

  World’s richest man says it is the right moment to invest in Latin America

  

  Mexican telecommunications tycoon Carlos Slim announced plans to invest 8.3 billion US dollars this year in 19 countries where his companies have interests and underlined that given the international scenario, it is the right moment to invest in Latin America: “whoever doesn’t will be left behind”.

• Sunday, January 30th 2011 - 21:16 UTC

  Work Gets Underway on Amazonian Hydro Project

  

  Building will now begin on what will be the world's third-largest hydroelectric dam after Ibama, Brazil's environment agency, gave the go-ahead for the controversial $17 billion (£10.6 billion) project.

• Sunday, January 30th 2011 - 21:02 UTC

  Chinese Mega City For 42 Million People

  

  Chinese city planners have announced a plan to merge cities surrounding the Pearl River Delta to create the world’s largest metropolis with 42 million people

• Thursday, January 27th 2011 - 12:28 UTC

  Rockhopper executives in the Falkland Islands

  

  Representatives from Rockhopper Exploration are visiting the Falkland Islands this week. The company took over the rig Ocean Guardian from Desire on completion of their well, and Rockhopper’s well 14/10-3 (Sea Lion North) was spudded on January 13.

• Wednesday, January 26th 2011 - 23:46 UTC

  Brazil to Restrict Foreign Mining

  

  Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported.

• Monday, January 24th 2011 - 20:41 UTC

  Argentina to Begin Oil Exploration off Coast of Tierra del Fuego

  

  Argentine daily newspaper El Cronista on Monday reported that YPF will begin oil exploration in the Malvinas basin in February. The newspaper reports that exploration will begin 289 kilometres off the coast of Tierra del Fuego and cost U$ 150 million.

• Monday, January 24th 2011 - 19:02 UTC

  Merger Takes Place

  

  British Airways and Iberia have registered their merger, forming a holding company International Airlines Group SA.

• Monday, January 24th 2011 - 17:22 UTC

  Work at Yacyreta Finalises in February

  

  Work at the hydro-electric complex Yacyreta will finalise at the end of next month, when the dam reaches 83 metres above sea level, as stipulated in its original design, executive director of the Bi-national Entity Yacyreta (EBY) Oscar Thomas informed

• Sunday, January 23rd 2011 - 20:18 UTC

  Spain-China Expand Alliance

  

  Spanish Telefónica and Chinese operator Unicom agreed on Sunday to expand their alliance, both investing a further U$ 500 million in the other. Under the agreement, China Unicom could get a seat on Telefónica.

• Sunday, January 23rd 2011 - 16:26 UTC

  Opportunity for Latin America?

  

  The dynamics of the past few months regarding the price of oil, prime materials and food stuffs, worryingly reminds us of what happened to the world economy mid-2008. At the time the sky high price of oil – which reached U$147 a barrel - and the food crisis caused havoc.