Investments

• Thursday, August 11th 2011 - 06:21 UTC

  Brazilean company fully committed to oil exploration off-shore Namibia

  

  Brazilian oil and gas start-up HRT boosted its net potential oil resources 12% to 7.9 billion barrels of oil equivalent (boe) following a certification study of its assets in Namibia.

• Tuesday, August 9th 2011 - 07:56 UTC

  Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’

  

  Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic.

• Saturday, August 6th 2011 - 08:41 UTC

  Canadian PM will visit Brazil, Colombia and Central America

  

  Canadian Prime Minister Stephen Harper will visit Brazil, Colombia, Costa Rica and Honduras from August 8 to 12 to promote trade and investments, reinforce democratic governance and advance common security, according to a release from the PM’s office.

• Saturday, August 6th 2011 - 08:29 UTC

  Soft loans for Brazilian suppliers of the oil and gas industry

  

  Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.

• Saturday, August 6th 2011 - 08:26 UTC

  Germany’s BMW planning assembly plant in Brazil to cater Mercosur luxury car demand

  

  German automaker BMW said this week it would probably build its first assembly plant in Brazil after strong demand for luxury cars generated stellar earnings for the global leader.

• Friday, August 5th 2011 - 01:43 UTC

  China takes over South Africa’s Standard Bank network in Argentina

  

  Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan.

• Wednesday, August 3rd 2011 - 22:02 UTC

  Uruguay’s second pulp project receives 200 million loan from IDB

  

  The Inter-American Development Bank (IDB) approved a 200 million dollars loan for Uruguay’s second major pulp mill investment, Celulosa y Energía Punta Pereira S.A. and Zona Franca Punta Pereira S.A., belonging to the Montes del Plata Group.

• Wednesday, August 3rd 2011 - 06:58 UTC

  CFK and Mujica underline ‘importance of dialogue’ and overcoming conflicts

  

  President Cristina Fernandez de Kirchner, CFK, underlined the importance of dialogue between Argentina and Uruguay which enable to overcome ‘conflicts’, while her Uruguayan peer Jose Mujica said that the “good neighbours” policy is the only way forward and a win-win situation for both sides.

• Wednesday, August 3rd 2011 - 02:53 UTC

  Uruguay disappointed with Indian group downgrading iron-ore project priority

  

  The Uruguayan government was taken aback by the announcement that the Indian iron-ore mining group Zamin Ferrous has decided to downgrade the priority of its several hundred millions dollar project in Uruguay from position one to four.

• Tuesday, August 2nd 2011 - 15:41 UTC

  Uruguay condemns statements denying Holocaust by Iran ambassador

  

  Uruguay has condemned statements denying the Holocaust made by Iran's ambassador in Montevideo Hojatollah Soltani