Investments

• Tuesday, July 26th 2011 - 08:25 UTC

  S&P upgrades Uruguay’s rating to BB+, just one notch below investment grade

  

  The credit rating agency Standard & Poor’s upgraded on Monday Uruguay’s rating by one notch to BB-plus, only one notch below investment grade, praising years of “prudent and consistent” economic policies in the country.

• Tuesday, July 26th 2011 - 08:06 UTC

  Mexico Pemex buys Repsol shares, becomes third largest stock holder

  

  Mexico's state oil monopoly Pemex said on Monday it recently bought 825,150 shares in Repsol YPF, increasing its stake in the Spanish company to 5%. The stock purchase took place on July 13, Pemex's finance department said, without giving details of the cost of the deal.

• Monday, July 25th 2011 - 22:10 UTC

  Chile’s Comptroller clears Piñera of conflict of interest in Patagonian coal mine

  

  Opposition to the Isla Riesco coal-mining project in the extreme south of Chilean Patagonia suffered a setback Thursday when Chile’s Comptroller General rejected accusations of a conflict of interest at the highest level of government.

• Monday, July 25th 2011 - 21:44 UTC

  UAE global port operators take control of two terminals in Suriname

  

  Global Marine terminal operator DP World Limited announced that it has expanded its portfolio to former Dutch colony Suriname on the northeast coast of South America, acquiring a controlling interest in both Integra Port Services (‘IPS’) and in Suriname Port Services (‘SPS’).

• Monday, July 25th 2011 - 21:09 UTC

  Caterpillar expands diesel-electric locomotive manufacturing plant in Brazil

  

  A subsidiary of Caterpillar Inc., Progress Rail, announced plans to locate a locomotive manufacturing facility in the state of Minas Gerais to supply Brazil’s diesel-electric locomotive market.

• Monday, July 25th 2011 - 21:01 UTC

  China determined to break the grip of the three major global iron ore miners

  

  China, the world's largest steelmaker and iron ore consumer, has set a target of dramatically increasing ore imports from Chinese-invested resources in the steel industry's 12th Five-Year Plan (2011-2015), an industry official said.

• Monday, July 25th 2011 - 20:34 UTC

  IAE engines for Brazil’s Embraer first defence cargo aircraft KC-390

  

  Brazil’s Embraer, the world's biggest maker of regional aircraft, chose International Aero Engines as engine supplier for its military transport plane KC-390, signalling that the company is moving ahead in its venture into defence within schedule.

• Thursday, July 21st 2011 - 09:23 UTC

  American Airlines places world’s largest aircraft order: 460 Boeing and Airbus

  

  American Airlines has made the world's largest aircraft order, with a plan to buy 460 planes from Boeing and Airbus and options to acquire 465 more. The deal is worth 40 billion US dollars at list prices, with options taking the total to 81bn.

• Tuesday, July 19th 2011 - 17:11 UTC

  Blackberries to be assembled in Tierra del Fuego with Argentine input

  

  United States Hewlett-Packard and Canada’s Research in Motion, (RIM) (Blackberries) have agreed to set up an assembly plant for notebooks and smart-phones in Tierra del Fuego, extreme south of the country.

• Tuesday, July 19th 2011 - 05:38 UTC

  Falklands’ third appraisal oil well results should be known by end of August

  

  Falklands’ Rockhopper Exploration, the oil and gas explorer, pressed ahead with its hunt for oil in the North Falklands with the drilling of its third appraisal well on the Sea Lion Discovery feature last week.