Investments

Thursday, June 9th 2011 - 08:36 UTC
Oil company confirms Falklands drilling and farm-out accord in coming months

Falkland Oil & Gas confirmed on Wednesday drilling operations will begin in the first quarter of 2012 and revealed it is in early talks with firms interested in taking part in its exploration program south of the Falkland Islands. The company however anticipated it did not expect to conclude any farm-out agreement until later this year.
Wednesday, June 8th 2011 - 23:32 UTC
Brazil unveils plan and incentives to boost ethanol production

Brazil's government unveiled new financing and other incentives for sugar cane ethanol production, vowing to work closely with the private sector to boost production in an industry that has struggled recently despite its immense promise.
Wednesday, June 8th 2011 - 23:20 UTC
China completes first high-speed electric train for Rio do Janeiro

China has built the first high-speed electrical train for Brazilian capital Rio de Janeiro in time for use during the 2014 World Cup Football and 2016 Olympic Games.
Wednesday, June 8th 2011 - 23:09 UTC
GM bets strongly in South American market: 1.5 million cars per annum by 2015

General Motors expects to sell 1.5 million vehicles a year in South America by 2015, up from 1.03 million last year, according to the head of the largest U.S. automaker's operations in the region.
Tuesday, June 7th 2011 - 21:51 UTC
Uruguay complains about low ratings from the risk agencies

Economy minister Fernando Lorenzo accused rating agencies of failing to recognize the increasing strength of Uruguay’s sustained economic growth and therefore denying its investment grade status.
Monday, June 6th 2011 - 06:34 UTC
Major Indian oil company interested in shale gas assets in Argentina

State run India OIL Ltd has drawn up a war chest of over 1 billion US dollars, for acquiring a producing oilfield abroad and the company is trawling major oil-producing geographies, among which shale gas assets in Argentina, chairman N M Borah said last week.
Friday, June 3rd 2011 - 12:43 UTC
Hyundai plans to produce 150.00 vehicles at its first plant in Brazil

Hyundai Motor Company, South Korea’s largest automaker is constructing its seventh overseas plant in Piracicaba, Sao Paulo state, Brazil to actively respond to soaring demand in one of the world’s fastest growing markets and to bring its manufacturing presence in so-called BRIC countries full circle.
Thursday, June 2nd 2011 - 09:36 UTC
Argentina’s second biggest soybean producer expands in Brazil; plans shares sale

Argentina’s second- biggest soybean producer Los Grobo, plans to transfer some assets to a new company and sell shares of the business in an initial public offering in Brazil.
Thursday, June 2nd 2011 - 09:02 UTC
CFK invites Italian businesses to invest in Argentina; announces “new phase in relations”

Argentine president Cristina Fernandez de Kirchner invited Italian business-people to invest in Argentina underlining the close links between the two countries and the fact her visit was the re-launching of normal relations after a decade.
Thursday, June 2nd 2011 - 08:57 UTC
Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.