Investments

Thursday, June 2nd 2011 - 04:15 UTC
Brazil gives definitive approval to world’s third largest hydroelectric dam project

Brazil's environment agency gave its definitive approval Wednesday for construction of the Belo Monte hydroelectric dam, a controversial 17 billion US dollars project in the Amazon that has drawn criticism from native Indians and conservationists.
Thursday, June 2nd 2011 - 03:59 UTC
Uruguay rejects Zamin Ferrous mining project environment impact report

Uruguay made a long list of objections to the environment impact assessment study presented by the Aratiri mining project which plans open-pit extraction of magnetite (ferrous component) from vast resources in Valentines, the heart of the South American country.
Wednesday, June 1st 2011 - 17:43 UTC
Luksic family takes over Shell’s business in Chile for 663 million USD

Chilean conglomerate Quinenco SA announced Tuesday it completed the purchase of Royal Dutch Shell PLC's local business for 633 million US dollars.
Wednesday, June 1st 2011 - 16:23 UTC
Falklands’ appraisal well confirms oil quality at Sea Lion prospect discovery

Rockhopper Exploration operating in the North Falkland basin has provided an upbeat update on its second appraisal well, 14/10-5, on the Sea Lion discovery which was drilled 600 m north of the 14/10-2 discovery well to a TD of 2,726 m.
Wednesday, June 1st 2011 - 09:02 UTC
LAN will seek another partner to expand globally if merger with Brazil’s TAM falls

Chile's LAN Airlines will seek another partner or explore other options to expand internationally if a local antitrust tribunal rules against a planned merger with Brazil's TAM, according to an interview published by leading daily El Mercurio.
Tuesday, May 31st 2011 - 22:57 UTC
Cristina Fernandez plans to launch re-election bid June 23, says close associate

Argentine President Cristina Fernández de Kirchner may announce her bid to run for re-election at a rally on June 23, according to ruling-party lawmaker and close associate of the head of state, Carlos Kunkel.
Tuesday, May 31st 2011 - 22:55 UTC
Mercosur and EU admit internal problems are delaying trade negotiations

The European Union and Mercosur admit they have internal problems that are delaying discussions, and results, for a broad association and cooperation accord that contemplates a trade agreement questioned by strong interests from both sides.
Tuesday, May 31st 2011 - 22:52 UTC
Top-tier sponsors Coca Cola, Visa pressure FIFA to undertake sweeping reforms

Top-tier sponsors Visa Inc and Emirates Airlines added to pressure on FIFA to undertake sweeping reform, as England urged the postponement of President Sepp Blatter's unopposed re-election.
Tuesday, May 31st 2011 - 08:43 UTC
Uruguay and Brazil pledge full support for Mercosur and Unasur

Uruguay and Brazil pledged Monday to continue strengthening the bilateral relation and regional integration through Mercosur and Unasur, after presidents Jose Mujica and Dilma Rousseff delegations signed fifteen cooperation agreements in Montevideo.
Tuesday, May 31st 2011 - 08:13 UTC
Fiat was saved from collapse by sales in Latin America admits CEO Marchionne

Fiat and Chrysler Group president Sergio Marchionne said on Monday that car sales in Latin America saved the corporation’s balance sheet last year and announced an overall increase in car sale operations in accordance with regional demand.